INTERDIGITAL Reports 18.5% Decrease in Total Revenue for Q2 of FY2023
August 9, 2023
🌥️Earnings Overview
INTERDIGITAL ($NASDAQ:IDCC) announced total revenue of USD 101.6 million for the second quarter of FY2023, ending June 30 2023, a decrease of 18.5% from the year prior. Net income for the quarter was USD 21.8 million, up 3.4% from the same period last year.
Analysis
GoodWhale can provide investors with a comprehensive analysis of INTERDIGITAL‘s fundamentals. According to GoodWhale’s Risk Rating, INTERDIGITAL is tagged as a medium risk investment, taking into account both financial and business aspects. Furthermore, GoodWhale has identified two risk warnings in balance sheet, non financial. Those interested in learning more about these risk warnings can register on goodwhale.com to check it out. With such an in-depth analysis, investors can make more informed decisions when it comes to investing in INTERDIGITAL. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Interdigital. More…
| Total Revenues | Net Income | Net Margin |
| 535.78 | 181.67 | 33.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Interdigital. More…
| Operations | Investing | Financing |
| 264.49 | -524.97 | -293.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Interdigital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.76k | 1.16k | 22.4 |
Key Ratios Snapshot
Some of the financial key ratios for Interdigital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.7% | 48.0% | 47.3% |
| FCF Margin | ROE | ROA |
| 41.5% | 26.1% | 9.0% |
Peers
They offer advanced wireless solutions and services to device manufacturers, network operators, and other industry stakeholders worldwide. They compete with WI FI Wireless Ltd, Affluence Corp, and Hammer Technology Holdings, all of whom provide similar solutions and services to the wireless industry.
– WI FI Wireless Ltd ($OTCPK:WFWRF)
Hammer Technology Holdings is a technology company with a current market cap of 33.5 million as of 2023. The company specializes in providing advanced technological solutions to businesses, ranging from IT services to software development. Hammer Technology’s Return on Equity (ROE) is -7.43%, indicating that the company has failed to generate a return on its shareholders’ equity. This figure is below the industry average of 7.4%, suggesting that the company is facing challenges in generating profits and returns for its investors. Despite its low ROE, Hammer Technology Holdings remains a leader in providing high-end technological solutions and services to businesses across the globe.
Summary
INTERDIGITAL reported a decline in revenue for the second quarter of FY2023, with total revenue of USD 101.6 million, a decrease of 18.5% year over year. Despite this, net income for the period increased by 3.4% to USD 21.8 million. This mixed performance has had a negative effect on the company’s stock, which moved down on the day of its announcement. Investors should note that this quarter’s performance could be seen as a temporary setback, and that INTERDIGITAL is likely to rebound due to its solid balance sheet and strong market presence.
However, continued vigilance is recommended, as the company may need to adjust its strategy in order to remain competitive and grow going forward.
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