KING OF PRUSSIA, Pa.—InterDigital Communications Corp. announced its fourth quarter and full-year results, showing a jump in revenues over the same quarter a year ago.
For the fourth quarter, the company reported revenue of $40.5 million and net income of $45 million. Fourth quarter revenues for the company reflected a 19-percent increase over the same quarter in 2004; recurring royalty revenues for fourth quarter were $36.2 million, an increase of 10 percent, or $3.3 million, over the same quarter in 2004.
For the full year, the company reported net income of $54.7 million on revenues of $163.1 million.
InterDigital also announced it would repurchase up to $100 million of its outstanding common stock, either through open market purchases, pre-arranged trading plans or privately negotiated transactions. InterDigital’s stock was trading down 61 cents per share early Thursday at $26.42 per share.
InterDigital designs a variety of wireless offerings, and holds patents for several key 2G, 2.5G and 3G technologies.
