Xperi Q1 revenue $257M (+16% YoY); GAAP EPS $0.24; reaffirms FY2022 outlook; separation on track

Adeia Inc.

2022-Q1 EPS reported $0.24 revenue$257,420,000

Revenue $257.4M (+16% YoY from $221.6M); GAAP EPS $0.24, non-GAAP EPS $0.92.
Cash from operations $46.3M vs $26.7M; repurchased $17.3M of stock; dividend $0.05/share.
Reaffirmed FY2022 revenue guidance $910M-$950M; operating cash flow $200M-$230M.
On track to separate Product and IP businesses in fall 2022; IP licensing rev $138.5M, Product rev $118.9M.

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