secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000950170-24-091759
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adeia Q2 revenue $87.4M; GAAP EPS $0.07, adj EPS $0.28; lowers cost guidance
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- Revenue $87.4M, GAAP net income $8.4M ($0.07 diluted), adjusted EBITDA $52.8M, non-GAAP diluted EPS $0.28.
- Signed 5 deals including multi-year renewal with X Corp resolving all litigation; Panasonic, Hamamatsu, regional Pay-TV, post-Q Liberty Global.
- Repriced term loan reducing rate by 61bps, ~$3M annual interest savings; outstanding $549.1M after $12M principal payment.
- Maintains FY2024 revenue outlook $380-420M; lowers non-GAAP opex to $145-155M and interest to $52-55M.
- Declared Q3 dividend $0.05/share payable Sep 17, record Aug 27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024091759/0000950170-24-091759-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024091759/adea-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-091759

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