secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000950170-23-059378
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023059378/0000950170-23-059378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017023059378/adea-20231103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059378

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