Annualized Recurring Revenue (ARR) Growth
ARR increased by 49% year-over-year to an all-time high of $588 million, driven by new agreements in the smartphone program including OPPO, Vivo, Lenovo, and Honor.
Successful Samsung Arbitration
Completed Samsung smartphone arbitration valued at over $1 billion over 8 years, contributing significantly to revenue growth.
Revenue and Profit Growth
Revenue for the third quarter was up 28% year-over-year to $165 million. Adjusted EBITDA and non-GAAP EPS were up 62% and 56% respectively year-over-year.
New Licensing Agreements
Signed new licenses with Honor, Sharp, Seiko, and an EV charging company, broadening the licensing base.
AI Start-up Acquisition
Acquired AI start-up Deep Render to enhance AI native video research and strengthen the video compression technology.
Industry Recognition
Recognized by Newsweek, Fortune, and Time Magazine for business success and growth.