secwatch.observer — SEC 8-K summary
======================================

Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000950170-24-053530
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024053530/0000950170-24-053530-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024053530/adea-20240506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-053530

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