InterDigital Announces Annual Recurring Revenue Target Of $1 Billion By 2030
InterDigital, Inc. (IDCC)
Last interdigital, inc. earnings: 2/20 08:30 am
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ir.interdigital.com
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Source: GlobeNewswire
WILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced targets of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030. “In the past four years, we have almost doubled our revenue, improved our execution across the business, and taken multiple steps to enhance shareholder value,” noted Liren Chen, President and CEO, InterDigital. “Based on our world-class innovation in wireless, video and AI, accelerating momentum across the business, the large addressable markets available to us, and new greenfield opportunities, we believe we are perfectly positioned to deliver significant growth in revenue and profitability in coming years.” InterDigital’s executive team announced and discussed the new targets at a recent investor day. Links to investor day materials can be found below: The presentation is here. A full replay is here. About InterDig
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IDCC
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- 10/31/24 - Beat
IDCC
Sec Filings
- 11/19/24 - Form 4
- 11/14/24 - Form SC
- 11/6/24 - Form 4
- IDCC's page on the SEC website