Sharp (OTC:SHCAY) Stock, Quote.Headers.trade-ideas

Sharp

Sharp Corp is a Japan-based company that is principally engaged in producing and selling a broad range of consumer and industrial electronic products. The company's business segments consist of the consumer electronics segment, the energy solutions segment, the business solutions segment, the electronic components and devices segment, and the display devices segment. The company generates over half of its revenue from the consumer electronics segment and the display devices segment. It has a global business presence, with China, Japan, the Americas, and Europe its four largest markets.

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InterDigital Registers 23% Revenue Growth In Q1 Reflecting Licensing Momentum, Recurring Revenue Base

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Why Did Roku Shares Gain Today?

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InterDigital Extends Sharp&#39;s Patent License Agreement

Sharp Corp

<ul>
<li>InterDigital, Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idcc#NASDAQ">IDCC</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/05/g27018110/interdigital-announces-financial-results-for-first-quarter-2022" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported first-quarter</a>&nbsp;FY22 revenue growth of 23% year-on-year to $101.3 million, beating the consensus of $97.9 million.</li>
<li>Recurring revenue rose 26.1% Y/Y to $99.1 million due to additional revenues from new patent license agreements and a new deal with&nbsp;Sharp Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/shcay#OTC">SHCAY</a>) signed in Q1 2022.</li>
<li>Total patent royalties increased 26.1% Y/Y to $101.1 million. Fixed-fee royalty revenue climbed 29.7% Y/Y to $89.8 million.</li>
<li>The operating profit climbed 152% Y/Y as expenses remained flattish.</li>
<li>EPS was $0.58 versus $0.18 a year ago.</li>
<li>InterDigital used $(17.97) million in operating cash flow and held $899.2 million in cash and equivalents.</li>
<li>&quot;This was another excellent quarter, once again showing the continuing licensing momentum and the strength of our recurring revenue base at a time when our technology is more important than ever,&quot; CEO Liren Chen said. &quot;I am particularly pleased with our strong outlook for second quarter 2022 with additional revenue expected from our auto and IoT licensing programs.&quot;</li>
<li>Outlook:&nbsp;InterDigital sees Q2 revenue of $114 million - $120 million above the consensus of $100 million.</li>
<li>Price Action:&nbsp;IDCC shares traded lower by 3.87% at $58.65 on the last check Thursday.</li>
</ul>

<ul>
<li>Sharp Corp&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/shcay#OTC">SHCAY</a>) will sell smart televisions equipped with&nbsp;Roku Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) streaming abilities in the U.S. from spring 2022, returning to the American consumer TV market after a six-year hiatus,&nbsp;<a class="editor-rtfLink" href="https://asia.nikkei.com/Business/Electronics/Sharp-connects-with-Roku-to-re-enter-TV-market-in-U.S" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Nikkei Asia reports</a>.</li>
<li>As per 2020 data, Samsung Electronics Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssnlf#OTC">SSNLF</a>) leads the U.S. market with a 37% share by value, while&nbsp;LG Electronics Inc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/lgeiy#OTC">LGEIY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lgejy#OTC">LGEJY</a>) ranks second at 15%, followed by China&#39;s TCL at 9.7%.</li>
<li>Sharp aims to launch liquid crystal display TVs of 50 inch - 75- inch with superhigh-definition 4K display.&nbsp;</li>
<li>Sharp will manufacture the sets at a Mexican plant run by Taiwanese parent&nbsp;Foxconn Technology Co Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/fxcof#OTC">FXCOF</a>).</li>
<li>The TVs will sell with Roku&#39;s proprietary software installed under a partnership between the companies. The platform lets viewers watch shows on&nbsp;Netflix Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>), Hulu, and other streaming services.</li>
<li>Brief Background:&nbsp;In 2016, Sharp stopped selling TVs directly in the Americas by reaching a brand licensing agreement with Chinese home electronics maker Hisense. Foxconn took ever Sharp in August 2016. In 2017, Sharp prosecuted Hisense in a U.S. court for allegedly damaging its brand. The parties mutually agreed to drop the case in 2018 and settle in 2019.</li>
<li>Price Action:&nbsp;ROKU shares closed higher by 6.19% at $344.46 on Monday.</li>
</ul>

<ul>
<li>InterDigital Inc&rsquo;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/idcc#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">IDCC</a>) patent holding subsidiaries&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/04/g20697571/interdigital-renews-license-agreement-with-sharp" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">have renewed their</a>&nbsp;global multi-year non-exclusive royalty-bearing patent license agreement with&nbsp;Sharp Corporation&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/shcay#OTC">SHCAY</a>).</li>
<li>The agreement, which was slated to expire in 2021, will continue to encompass Sharp&rsquo;s 3G and 4G mobile product sales.</li>
<li>Sharp has been a constant licensee of InterDigital since 1998.</li>
<li>Price action:&nbsp;IDCC shares closed higher by 0.29% at $73.65 on Monday.</li>
</ul>

InterDigital Extends Sharp's Patent License Agreement

InterDigital, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idcc#NASDAQ">IDCC</a>) today announced that its patent holding subsidiaries have renewed their multi-year, worldwide, non-exclusive, royalty bearing patent license agreement with Sharp Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/shcay#OTC">SHCAY</a>). The agreement, which was set to expire in 2021, will continue to cover Sharp's sale of its 3G and 4G mobile products. Sharp has been a continuous licensee of InterDigital since 1998, spanning multiple generations of cellular technology.
"Our agreement with Sharp shows that negotiation between responsible licensors and licensees can lead to long-term, mutually beneficial relationships that enable a company to take advantage of standards-based technology while respecting the value of the research that underpins our industry," said Eeva Hakoranta, Chief Licensing Officer, InterDigital.

Contracts

InterDigital Announced it Renewed its License Agreement with Sharp

BigCommerce Holdings Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bigc#NASDAQ">BIGC</a>) shares skyrocketed on the first day of trading at Nasdaq Stock Market on Wednesday.
<h3>What Happened</h3>
The Austin, Texas-based company&rsquo;s shares opened at $68, and&nbsp;soared as much as 292% to $93.99&nbsp;in intraday trading, on its&nbsp;debut.
Trading had to be halted due to volatility when shares skyrocketed to $79.40 within three minutes of open, and another time when the stock surged&nbsp;to $91.80 a share, Business Insider <a href="https://markets.businessinsider.com/news/stocks/bigcommerce-stock-price-ipo-trading-debut-shopify-rival-ecommerce-investor-2020-8-1029474405#">reported</a>.
BigCommerce raised $216 million in its initial public offering on Tuesday, <a href="https://www.benzinga.com/pressreleases/20/08/b16935892/bigcommerce-announces-pricing-of-initial-public-offering">pricing</a> its shares at $24 each. The e-commerce software-as-a-service provider sold 6.85 millon shares, while other stakeholders sold about 2.17 million shares.
The offering was priced&nbsp;significantly above the initial indicated range of $18 to $20&nbsp;after it filed&nbsp;<a href="http://www.benzinga.com/news/20/07/16611007/shopify-rival-bigcommerce-files-for-ipo">to go public</a> with the United States&nbsp;Securities and Exchange Commission last month.
BigCommerce says it has more than 60,000 <a href="https://www.bigcommerce.com/press/releases/bigcommerce-new-growth-equity-funding-led-by-goldman-sachs/">customers</a> globally including The Unilever Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/un#NYSE">UN</a>)-owned Ben &amp; Jerry&rsquo;s, Sharp Corporation (OTC: <a class="ticker" href="https://www.benzinga.com/stock/shcay#OTC">SHCAY</a>), and Sony Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sne#NYSE">SNE</a>).&nbsp;
<h3>Why It Matters</h3>
The SaaS firm competes with Shopify Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) in the space, whose shares have soared nearly 175% year-till-date.
BigCommerce&rsquo;s <a href="https://investors.bigcommerce.com/static-files/6f50aa98-bb44-43cc-a9e1-03a3a68dd639">revenue</a> in the quarter ended March was $33.2 million, up&nbsp;29.7%&nbsp;year-on-year. The company incurred a loss of $4 million in the same period, down from $10.5 million recorded in the same period a year earlier.&nbsp;
<h3>Price Action&nbsp;</h3>
BigCommerce shares closed nearly 201% higher at $72.27 on Wednesday and rose another 3.78% to $75 in the after-hours session.

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Shopify Rival BigCommerce Soars Up To 292% On Debut After $216M IPO

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