Xperi Q2 revenue $234M (+5% YoY), GAAP loss, non-GAAP EPS $0.52; separation on track

Adeia Inc.

2022-Q2 EPS reported $0.18 revenue$491,438,000

Revenue $234M, up 5% YoY; IP licensing $107.8M, Product $126.2M.
GAAP EPS ($0.05) vs non-GAAP EPS $0.52; cash from operations $40.8M.
Signed long-term IP renewal with leading CE/OTT provider; appointed Paul Davis as Adeia president.
Acquired Vewd; signed first TV OEM for TiVo OS with expected 2023 launch.
Updated FY2022 guidance: revenue $930-960M; declared Q3 dividend $0.05/share payable Sept 19.

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