Adeia Q4 revenue $103.3M (+15% YoY); guides FY2023 revenue $385-415M

Adeia Inc.

2022-FY EPS reported -$2.75 revenue$438,933,000

Q4 revenue $103.3M, up 15% YoY; full year 2022 revenue $438.9M, up 12% YoY.
GAAP diluted EPS $0.65; non-GAAP diluted EPS $0.41; net income $73.7M; adjusted EBITDA $74.9M.
Closed ten renewals/new licenses in Q4 including Samsung, Altice early renewal, Qorvo, two social media companies.
Board declared $0.05/share dividend payable March 29, 2023; made $10.1M debt payment in Q4, additional $50M post-quarter.
FY2023 guidance: revenue $385-415M, adjusted EBITDA $252-272M, cash from ops $185-215M.

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 fourth quarter ended December 31, 2022 results: revenue $103.3 million, net income $73.7 million, EPS $0.65. Guidance initiated.

Period: fourth quarter ended December 31, 2022
Revenue: $103.3 million
Net income: $73.7 million
EPS: $0.65
Guidance: initiated
Result: reported results

Exact text from the filing

their strong execution in 2022 and I look forward to continued success in 2023.” Fourth Quarter and Full Year Financial Highlights 1 • Total revenue for the fourth quarter was $103.3 million, an increase of 15% from $89.7 million in the same period last year • Total revenue for the full year 2022 was $438.9 million, an increase of 12% from $391.2 million in 2021 •

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Adeia Inc. reported full year ended December 31, 2022 results: revenue $438.9 million. Guidance initiated.

Period: full year ended December 31, 2022
Revenue: $438.9 million
Guidance: initiated
Result: reported results

Exact text from the filing

Total revenue for the full year 2022 was $438.9 million, an increase of 12% from $391.2 million in 2021

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Source: SEC EDGAR

accession 0000950170-23-003763

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