Xperi raises 2022 revenue and cash flow guidance by $10M after settling contract dispute

Adeia Inc.

Revenue guidance upped to $920M-$960M from $910M-$950M; operating cash flow to $210M-$240M from $200M-$230M.
Guidance increase driven by resolved arbitration with a large mobile imaging customer via FotoNation subsidiary.
Settlement includes upfront payment for past licensing fees plus additional license fees over next few years.
CEO Jon Kirchner cited resolution and IP licensing renewal as foundation for improved outlook.

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