InterDigital, Inc. provided revenue guidance for the second quarter of 2022. For the quarter, the company expects revenue to be between $114 million to $120 million, including approximately $97 million to $101 million of recurring revenue. This revenue guidance does not include the potential impact of any additional new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of second quarter 2022.
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