---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017096"
form_type: "8-K"
ticker: "ADEA"
cik: "0001803696"
company_name: "Adeia Inc."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:18:02.884872+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Adeia Q4 rev $86.9M, GAAP EPS $0.11; FY rev $388.8M, debt paydown $148M; guides FY2024 rev $380-420M

## Summary
- Q4 2023 revenue $86.9M (down from $101.4M in Q3); GAAP net income $12.7M, diluted EPS $0.11; non-GAAP diluted EPS $0.27.
- Full year 2023 revenue $388.8M (down from $438.9M in 2022); GAAP net income $67.4M, diluted EPS $0.60; adjusted EBITDA $262.3M.
- Paid down $148.0M on term loan in 2023, including $29.1M in Q4; outstanding balance $601.3M at year-end.
- Signed 32 deals in 2023 across media and semiconductor; new agreements with social media company and Breezeline.
- 2024 guidance: revenue $380-420M, adjusted EBITDA $232.5-262.5M, non-GAAP net income $139.4-160.9M (diluted EPS ~$1.22-1.41).

## SEC filing metadata
- accession: 0000950170-24-017096
- form_type: 8-K
- ticker: ADEA
- cik: 0001803696
- company_name: Adeia Inc.
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803696/000095017024017096/0000950170-24-017096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803696/000095017024017096/adea-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017096
- JSON: https://secwatch.observer/filing/0000950170-24-017096.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017096.txt

## Key facts
- Earnings Releases
  Adeia Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $86.9 million, net income $12.7 million, EPS $0.11. Guidance initiated.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: $86.9 million
  - Net income: $12.7 million
  - EPS: $0.11
  - Guidance: initiated
  - Result: reported results
  source text: markets. These investments are critical to our revenue growth opportunities in OTT, semiconductors, and adjacent verticals.” Fourth Quarter Financial Highlights • Revenue was $86.9 million as compared to $101.4 million in the third quarter of 2023 • GAAP diluted earnings per share (EPS) was $0.11 and non-GAAP diluted EPS was $0.27 • GAAP net income was $12.7
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803696/000095017024017096/0000950170-24-017096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.