secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0000950170-24-017096
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024017096/0000950170-24-017096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024017096/adea-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017096

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