secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0000950170-23-039053
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adeia Q2 revenue $83.2M, GAAP EPS $0.01; appoints Adam Rymer to board
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- Q2 revenue $83.2M (down from Q1 $117.3M); H1 revenue $200.5M vs $246.3M prior year.
- GAAP diluted EPS $0.01, non-GAAP $0.26; adjusted EBITDA $51.7M.
- Paid down $20.1M on term loan (balance $645.5M); declared $0.05 dividend payable Sept 18.
- Closed nine licensing deals including Cox Communications, DAZN, Enseo.
- Appointed Adam Rymer to board (independent, Audit Committee), effective Aug 4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023039053/0000950170-23-039053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023039053/adea-20230804.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-039053

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