secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0000950170-23-003763
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023003763/0000950170-23-003763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023003763/adea-20230222.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003763

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer