Wireless communications company InterDigital Inc. (IDCC) Thursday reported first-quarter net loss of $12 million or $0.30 per share, compared to net income of $11 million or $0.24 per share last year.
Excluding an impairment charge, adjusted loss for the reporting quarter would have been $8.6 million or $0.21 per share.
Revenues for the quarter were $47 million, compared to $69 million a year ago.
Analysts polled by Thomson Reuters estimated loss of $0.20 per share on revenues of $46.20 million for the quarter. Analysts' estimates typically exclude special items.
"The business continues to deliver strong free cash flow, but revenue was affected by the
expiration of the 2009 Samsung patent license agreement, though that roll-off was partially offset by the new license agreement with Sony," said CEO William Merritt.
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