Adeia Q3 combined revenue $210.9M (-4% YoY); narrows FY22 stand-alone revenue guidance to $430-445M

Adeia Inc.

2022-Q3 EPS reported -$3.55 revenue$702,379,000

Combined Q3 revenue $210.9M, down 4% YoY; IP business revenue $89.3M, down 12% YoY.
Successfully completed spin-off of product business (Xperi) on Oct 1, 2022.
FY 2022 stand-alone revenue guidance narrowed to $430-445M (from $425-450M); Q4 guided $95-110M.
Quarterly dividend of $0.05/share declared, payable Dec 21, 2022 to holders of record Nov 30.
Repaid $10.1M on term loan; outstanding balance $759.4M as of Sep 30, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Adeia Inc. reported the third quarter ended September 30, 2022 results: revenue $210.9 million. Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $210.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On a combined basis, total revenue for the third quarter was $210.9 million, a decline of 4% from $219.4 million in the same period last year

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Adeia Inc. reported the nine months ending September 30, 2022 results: revenue $702.4 million.

Period: the nine months ending September 30, 2022
Revenue: $702.4 million
Result: reported results

Exact text from the filing

On a combined basis, total revenue for the nine months ending September 30, 2022, was $702.4 million, a 6% increase from $663.2 million in the same period last year

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Adeia Inc. filing history →

Source: SEC EDGAR

accession 0000950170-22-023830

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