secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0000950170-23-018774
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adeia Q1 revenue $117.3M (+14% seq); adj. EPS $0.48; cuts debt $83.6M
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- Revenue $117.3M (+14% from prior quarter); GAAP EPS $0.26, non-GAAP EPS $0.48.
- Signed 8 deals including long-term agreements with Kioxia and Western Digital for hybrid bonding patents.
- Paid down $83.6M of term loan; total debt $665.6M; declared $0.05/sh dividend payable June 20.
- Reaffirmed FY 2023 outlook: revenue $385-415M, adj. EBITDA $252-272M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023018774/0000950170-23-018774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023018774/adea-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-018774

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