Adeia Q3 revenue $101.4M, GAAP EPS $0.21, renews Samsung and Starz, settles NVIDIA litigation

Adeia Inc.

2023-Q3 EPS reported $0.48 revenue$301,921,000

Revenue $101.4M (vs $83.2M in Q2 2023); GAAP net income $24.2M; adjusted EBITDA $70.7M.
Non-GAAP diluted EPS $0.38; GAAP diluted EPS $0.21; paid down $15.1M on term loan.
Full-year 2023 outlook: revenue $385-395M, adjusted EBITDA $256.7-263.7M.
Closed renewals with Samsung (mobile) and Starz (OTT); settled litigation with NVIDIA.
Appointed Phyllis Turner-Brim to board effective Nov 3, 2023; she is SVP & Deputy GC at HP.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Phyllis Turner-Brim

Director

ADEA · Adeia Inc.

Effective: 2023-11-03
Filed: November 6, 2023, 6:59 PM ET

On November 3, 2023, the Board approved effective immediately to increase the size of the Board from six (6) directors to seven (7) directors and to appoint Phyllis Turner-Brim to the Board as an independent director.

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 third quarter ended September 30, 2023 results: revenue $101.4 million, net income $24.2 million, EPS $0.21.

Period: third quarter ended September 30, 2023
Revenue: $101.4 million
Net income: $24.2 million
EPS: $0.21
Result: reported results

Exact text from the filing

Revenue was $101.4 million as compared to $83.2 million in the second quarter of 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Phyllis Turner-Brim was appointed as Director at Adeia Inc..

Action: appointed
Role: Director

Exact text from the filing

On November 3, 2023, the Board approved effective immediately to increase the size of the Board from six (6) directors to seven (7) directors and to appoint Phyllis Turner-Brim to the Board as an independent director.

View on SEC.gov

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Adeia Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-059378

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