Company: IDCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001405495-25-000022
Chunk: 73

Company: InterDigital, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 stock deliverable to us upon settlement of the 2027 Note Hedge Transactions and (v) the number of shares issuable upon concurrent conversion of the 2027 Notes, exercise of the warrants subject to the 2027 Warrant Transactions, and settlement of the 2027 Note Hedge Transactions (in thousands):

2027 NotesMarket Price Per ShareShares Issuable Upon Conversion of the 2027 NotesShares 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,