InterDigital, the R&D engine for video streaming and mobile technologies, recorded a bumper year, with full-year revenue soaring by 58% to $868.5 million in 2024. The cherry on the heavily patented cake was a record fourth quarter, in which revenue rocketed by 140%, to $253 million. At this outstanding growth rate, it is not inconceivable to imagine that InterDigital could be on the cusp of becoming a billion-dollar-a-year-revenue behemoth. However, that is not the case, with the company’s near-term guidance showing a full-year 2025 revenue projection of between $660 million to $760 million—a potential loss of $200 million in annual revenues. InterDigital has instead set a target of $1 billion in annual recurring revenues by 2030, with added emphasis on…