The company has not filed an annual or quarterly report since its FY2017 10-K, filed Feb 16, 2018.
10-K for FY2017, filed Feb 16, 2018
The sections below describe the company as of the FY2017 annual report.
Licenses and sells patent rights covering memory and storage, digital media, and digital cinema to device makers, content distributors, and film studios.
10-K for FY2017, filed Feb 16, 2018We generate revenues by licensing and selling our IP rights to others. Our subsidiaries hold patents that support three IP licensing…View ↗
We acquired most of our memory and storage patents (our “Memory Patents”) and patent applications from Nokia Inc. in March 2013, many of…View ↗
Our digital media program is supported by patents (our “DRM Patents”) and patent applications designed to protect against unauthorized…View ↗
Our digital cinema program is supported by DRM Patents and patent applications designed to protect against unauthorized creation…View ↗
Customers pay upfront fees for patent licenses, usually when the agreement is signed or the minimum upfront fee is received; some agreements also generate later royalties when specified conditions are met. Patent-sale proceeds come when the patents are delivered.
10-K for FY2017, filed Feb 16, 2018Our patent licensing agreements often provide for the payment of contractually determined upfront license fees representing all or a…View ↗
Certain of our patent licensing agreements provide for future royalties or future payment obligations triggered upon satisfaction of…View ↗
We sell patents from our portfolios from time to time. These sales are part of our ongoing operations. Consequently, the related proceeds…View ↗
$42.8M
10-K for FY2017, filed Feb 16, 2018
$42.8M ↗
Licensees include memory-device makers and component suppliers; digital-media manufacturers, distributors and consumer-product providers; and film studios, content distributors and cinema equipment vendors.
10-K for FY2017, filed Feb 16, 2018We acquired most of our memory and storage patents (our “Memory Patents”) and patent applications from Nokia Inc. in March 2013, many of…View ↗
Our digital media program is supported by patents (our “DRM Patents”) and patent applications designed to protect against unauthorized…View ↗
Our digital cinema program is supported by DRM Patents and patent applications designed to protect against unauthorized creation…View ↗
Yes. It kept 45 cents of every revenue dollar as net income in FY2017.
10-K for FY2017, filed Feb 16, 2018
Grew. Revenue grew 3.3x in 4 years, from $13.1M in FY2013 to $42.8M in FY2017, about 34% a year.
From broad technology development to IP monetization
Pendrell's earlier description included developing businesses and products and advising clients on IP; the latest describes its business as licensing and selling IP rights through memory, digital media and digital cinema programs.
10-K for FY2014, filed Mar 6, 2015 10-K for FY2017, filed Feb 16, 2018Pendrell Corporation (“Pendrell”), together with its consolidated subsidiaries, is referred to as “us,” we,” or the “Company.” Through our…View ↗
We generate revenues by licensing and selling our IP rights to others, and by advising clients on various IP matters. We also develop…View ↗
Product Development ActivitiesView ↗
Wireless patents moved out of active programs
The older report described a wireless licensing program; the latest says Pendrell divested most of its cellular and digital wireless portfolio and is seeking to sell the remainder.
10-K for FY2014, filed Mar 6, 2015 10-K for FY2017, filed Feb 16, 2018Our wireless technologies program is supported by approximately 800 U.S. and foreign patents and patent applications, many of which enable…View ↗
In late 2017, we divested the majority of our “Pendragon portfolio,” which contained patents related to cellular and digital wireless…View ↗
Loading...
