InterDigital, Inc. (NASDAQ:IDCC) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET
Company Participants
Raiford Garrabrant - Head of Investor Relations
Liren Chen - President & Chief Executive Officer
Rich Brezski - Chief Financial Officer
Conference Call Participants
Tal Liani - Bank of America
Scott Searle - Roth
Anja Soderstrom - Sidoti
Operator
Good day, and thank you for standing by. Welcome to the InterDigital First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. After the speaker's prepared remarks, there will be a question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your speaker today, Raiford Garrabrant, Head of Investor Relations. Please go ahead.
Raiford Garrabrant
Good morning to everyone, and welcome to InterDigital's First Quarter 2023 Earnings Conference Call. I am Raiford Garrabrant, and I recently joined the company as Head of Investor Relations. With me on today's call are Liren Chen, our President and CEO; and Rich Brezski, our CFO.
With this being my first earnings call with the company, I'd like to say, how excited I am to be part of the team and for the opportunity to work with all of you in the investment community going forward. Consistent with last quarter's call, we will offer some highlights about this quarter and the company and then open the call up for questions.
Before we begin our remarks, I need to remind you that in this call we will make forward-looking statements regarding our current beliefs, plans, and expectations, which are not guarantees of future performance, and are made only as of the date hereof. Forward-looking statements are subject to risks and uncertainties that could cause actual results and events to differ materially from results and events contemplated by such forward-looking statements. These risks and uncertainties, include those described in the Risk Factors sections of our 2022 annual report on Form 10-K and in our other SEC filings.
In addition, today's presentation may contain references to non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are included in our financial metrics tracker, which is available on the Investor Relations section of our website.
With that, taken care of, I will now turn the call over to Liren.
Liren Chen
Thank you, Raiford. Good morning everyone, and thanks for joining us today. Despite of challenging market conditions, this was another excellent quarter as we continue to make good progress on the licensing front with key customers had our best quarter ever in terms of new invention disclosures, and extended our track record of consistently returning capital to shareholders.