InterDigital Inc. (IDCC), a wireless research and development company, announced that it currently expects its second quarter 2013 revenue to be between $67.5 million and $74 million. Analysts polled by Thomson Reuters expect the company to report revenues of $47.04 million for the second-quarter. Analysts' estimates typically exclude special items.
This revenue guidance is based on royalty reports and a payment pursuant to an arbitration decision received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any additional payments pursuant to the arbitration decision or other dispute resolutions that may occur, during the balance of second quarter 2013.
"Our revenue guidance for second quarter 2013 includes approximately $43.5 million related to current patent royalties and approximately $24 to $30.5 million related to past sales, nearly all of which relates to the approximately $30 million that we received pursuant to the favorable arbitration decision involving Pegatron Corporation announced on April 25, 2013," said Richard Brezski, InterDigital's Chief Financial Officer.
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