Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 89

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 89
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 Issuable Upon Exercise of the 2027 Warrant TransactionsTotal If-Converted Method Incremental SharesShares Deliverable to InterDigital upon Settlement of the 2027 Note Hedge TransactionsIncremental Shares Issuable (a) $1061,616—1,616(1,616)—$1202,1226942,816(2,122)694$1302,4171,0983,515(2,417)1,098$1402,6691,4454,114(2,669)1,445$1502,8881,7464,634(2,888)1,746$1603,0802,0095,089(3,080)2,009$1703,2492,2415,490(3,249)2,241$1803,4002,4485,848(3,400)2,448$1903,5342,6326,166(3,534)2,632$2003,6552,7986,453(3,655)2,798$2103,7652,9496,714(3,765)2,949$2203,8643,0856,949(3,864)3,085$2303,9553,2107,165(3,955)3,210$2404,0383,3247,362(4,038)3,324$2504,1153,4307,545(4,115)3,430

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(a) Represents incremental shares issuable upon concurrent conversion of convertible notes, exercise of warrants and settlement of the hedge agreements.

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RESULTS OF OPERATIONS

First Quarter 2025 Compared to First Quarter 2024 

Revenues

The following table compares first quarter 2025 revenues to first quarter 2024 revenues (in thousands):

Three Months Ended March 31, 20252024Increase/(Decrease)Smartphone$183,991 $80,280 $103,711 129 %CE, IoT/Auto26,267 182,543 (156,276)(86)%Other249 719 (470)(65)%Total Revenues$210,507 $263,542 $(53,035)(20)%Catch-up revenues(a), included above$84,785 $166,678 $(81,893)(49)%

(a)    Catch-up revenues represent revenue