InterDigital, Inc. (NASDAQ:IDCC) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET
Company Participants
Richard Lloyd - Communications Director
Liren Chen - President & CEO
Richard Brezski - CFO
Conference Call Participants
Anja Soderstrom - Sidoti & Company
Jonathan Eisenson - Bank of America
Tal Liani - Bank of America
Scott Searle - ROTH Capital Partners
Operator
Good morning, and thank you for standing by. Welcome to the Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, 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 first speaker today, Richard Lloyd. Please go ahead.
Richard Lloyd
Good morning to everyone and welcome to InterDigital's second quarter 2022 earnings conference call. I am Richard Lloyd, Communications Director and with me in today's call are Liren Chen, our President and CEO; and Rich Brezski, our CFO. Consistent with last quarter's call, we will offer some highlights about the 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 2021 Annual Report on Form 10-K, our second quarter 2022 quarterly report on Form 10-Q, 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 measures tracker, which is available on the Investor Relations section of our website.
With that taken care of, I will turn the call over to Liren.
Liren Chen
Thank you, Richard, and good morning, everyone. In the second quarter, we continued to make excellent progress across all parts of the business. And I'm particularly pleased, that the strong momentum we built in 2021 has continued into the first half of this year. In Q2, we significantly increased revenue and net income on both a sequential and year-over-year basis. We entered into a multi-year, worldwide, non-inclusive, fee-bearing license with Amazon covering our rings of Amazon's consumer electronic devices and our InterDigital's patents.