Printer Friendly

INTERDIGITAL REPORTS THIRD QUARTER UNAUDITED RESULTS

 KING OF PRUSSIA, Pa., Nov. 12 /PRNewswire/ -- InterDigital Communications Corporation (AMEX: IDC) announced today its unaudited results for the third quarter ended Sept. 30, 1993.
 InterDigital's third quarter 1993 revenues were $3,594,000, down from $11,020,000 for the third quarter of 1992, primarily due to lower UltraPhone revenue in the 1993 period. Total revenues for the first nine months of 1993 were $12,717,000, compared to $26,966,000 for the same period of 1992.
 InterDigital recorded a third quarter net loss of $6,043,000, compared to $2,268,000 for the third quarter in 1992. The net loss for the first nine months of 1993 was $18,149,000, as compared to a net loss of $5,184,000 for the first nine months of 1992.
 INTERDIGITAL COMMUNICATIONS CORPORATION
 (In thousands, except share data)
 Periods ended Third quarter Nine months
 Sept. 30 1993 1992 1993 1992
 Revenues $3,594 $11,020 $12,717 $26,966
 Net income (loss) (6,043) (2,268) (18,149) (5,184)
 Preferred dividends (71) (76) (212) (228)
 Net income (loss)
 applicable to common
 shareholders (6,114) (2,344) (18,361) (5,412)
 Net income (loss) per
 common share $(.19) $(.09) $(.60) $(.23)
 Weighted average
 common shares
 outstanding 32,595 24,786 30,604 23,050
 /delval/
 -0- 11/12/93
 /CONTACT: Dave Buckingham of InterDigital Communications, 215-278-7910/
 (IDC)


CO: InterDigital Communications Corporation ST: Pennsylvania IN: TLS SU: ERN

LJ-JM -- PH019 -- 3908 11/12/93 17:17 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1993
Words:248
Previous Article:NOSTALGIA NETWORK REPORTS THIRD QUARTER AND NINE MONTH RESULTS; REVENUES INCREASE, LOSSES REGISTERED
Next Article:COMMODORE INTERNATIONAL LIMITED ANNOUNCES FOURTH QUARTER 1993 AND FIRST QUARTER 1994 RESULTS
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters