secwatch.observer — SEC 8-K summary
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Issuer:     Adeia Inc. (ADEA)
CIK:        0001803696
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000950170-24-123348
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Adeia Q3 revenue $86.1M; cuts FY2024 guidance; files patent suit vs Disney
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- Q3 revenue $86.1M vs Q2 $87.4M; GAAP EPS $0.17, non-GAAP $0.27; net income $19.3M, adj. EBITDA $51.3M.
- Signed 7 deals in consumer electronics, Pay-TV, OTT, semiconductor; renewals with LG, VIZIO, Liberty Global.
- Filed patent infringement litigation against Disney (including Hulu and ESPN).
- Board increased share repurchase authorization to $200M; declared $0.05/share dividend payable Dec 18, 2024.
- FY2024 guidance adjusted: revenue $370-400M (from $380-420M), adj. EBITDA $228-254M (from $237.5-267.5M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024123348/0000950170-24-123348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803696/000095017024123348/adea-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-123348

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