Adeia Q1 revenue $83.4M, adjusted EBITDA $50M; reaffirms FY2024 guidance

Adeia Inc.

2024-Q1 EPS reported $0.01 revenue$83,405,000

GAAP net income $0.9M ($0.01 diluted EPS); non-GAAP EPS $0.25; adjusted EBITDA $50.0M.
Cash from operations $67.2M; paid down $40.1M on term loan, balance $561.1M.
Signed 10 agreements across Pay-TV, OTT, semiconductor, CE in US, Europe, Japan, S. Korea.
Reiterated FY2024 outlook: revenue $380-420M, adjusted EBITDA $232.5-262.5M.
Quarterly dividend $0.05 per share, payable June 18, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Adeia Inc. reported first quarter ended March 31, 2024 results: revenue $83.4 million, net income $0.9 million, EPS $0.01. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $83.4 million
Net income: $0.9 million
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in markets that will drive future growth, including in OTT, adjacent media markets, and in our semiconductor business.” First Quarter Financial Highlights • Revenue was $83.4 million as compared to $86.9 million in the fourth quarter of 2023 • GAAP diluted earnings per share (EPS) was $0.01 and non-GAAP diluted EPS was $0.25 • GAAP net income was $0.9 million

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Source: SEC EDGAR

accession 0000950170-24-053530

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