InterDigital, Inc. (NASDAQ:IDCC) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET
Company Participants
Liren Chen - President, Chief Executive Officer
Rich Brezski - Chief Financial Officer
Raiford Garrabrant - Head of Investor Relations
Conference Call Participants
Scott Searle - ROTH MKM
Tal Liani - Bank of America
Mark Lipacis - Jefferies
Anja Soderstrom - Sidoti
Arjun Bhatia - William Blair
Operator
Good day, and thank you for standing by. Welcome to the InterDigital Third Quarter 2023 Earnings Call. At this time, all participants are in the listen-only mode. After the speaker's 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 speaker today, Raiford Garrabrant. Please go ahead.
Raiford Garrabrant
Good morning to everyone, and welcome to InterDigital's third quarter 2023 earnings conference call. I am Raiford Garrabrant, Head of Investor Relations for InterDigital. With me on 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 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 turn the call over to Liren.
Liren Chen
Thank you, Raiford, and good morning everyone. Thanks for joining us today. This was another very strong quarter for our company, supported by outstanding execution across all aspects of our business. We have signed two new license agreements that build on our strong base of recurring revenue, expanded our industry leadership, had record-setting pace from our inventors in expanding our innovation pipeline, and received acknowledgement of our 5G patent portfolio leadership by a leading third-party report.