Adeia Inc.
17.60-0.13 (-0.73%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ADEA · USD
Key Stats
Market Cap
1.92BP/E (TTM)
23.78Basic EPS (TTM)
0.74Dividend Yield
0.01%Recent Filings
10-Q
Q2 FY2025 results
Adeia Inc. posted Q2 revenue of $85.7 million, down 2% year-over-year from $87.4 million yet up 1% quarter-over-quarter (derived), with recurring revenue climbing 3% to $85.1 million on new license deals while non-recurring fell sharply after last year's X Corp. settlement. Operating income dipped to $16.4 million from $23.6 million y/y, pressured by higher SG&A and litigation costs, but net income surged to $16.7 million or $0.15 diluted EPS—up 100% y/y—thanks to a $9.1 million tax benefit from South Korea withholding claims; YTD net income hit $28.5 million or $0.25 EPS, consistent with 112.6 million diluted shares. Cash from operations reached $80.3 million YTD, funding $28.2 million debt paydown to $458.9 million at 7.8% effective rate maturing 2028, plus $10.0 million stock buyback and $10.9 million dividends, leaving $116.5 million in cash and equivalents. No non-GAAP metrics disclosed in the 10-Q. Ongoing patent suits against Videotron and Bell highlight litigation risks.
8-K
Adeia Q2 revenue steady, new deals signed
Adeia Inc. reported Q2 2025 revenue of $85.7 million, down slightly from $87.7 million in Q1, while signing five deals including new pacts with ST Microelectronics and Warby Parker across semiconductors and e-commerce. The company unveiled RapidCool, a direct-to-chip liquid cooling tech for AI applications, and paid down $11.1 million on its term loan, reducing the balance to $458.9 million. Deals fuel growth. It reiterated full-year revenue guidance of $390–430 million but trimmed operating expense outlook to $261–271 million.
8-K
Annual meeting approvals passed
Adeia Inc. stockholders overwhelmingly approved all proposals at the May 8, 2025 annual meeting, electing seven directors including Paul E. Davis and V. Sue Molina with over 96 million votes each amid 7 million broker non-votes. The advisory vote on executive compensation passed with 95.6 million in favor, while ratification of PricewaterhouseCoopers as auditors drew 102.5 million yes votes. Strong support signals investor confidence in governance. No risks disclosed.
10-Q
Q1 FY2025 results
Adeia kicked off 2025 with revenue climbing 5% year-over-year to $87.7 million, fueled by new multi-year media licensing deals with Amazon and two fresh customers, though offset by softer Pay-TV royalties. Operating income rose 18% to $22.8 million on lower amortization and interest costs, while diluted EPS jumped to $0.10 from $0.01, reconciling neatly with 113 million shares. Cash from operations hit $57.1 million, funding $17.1 million in debt paydown to $470 million under the repriced Term Loan B (SOFR plus 2.50%, due 2028) and $10 million in stock buybacks; total liquidity stood at $116.5 million. Free cash flow, derived as operating cash minus $5.6 million in intangibles and capex, reached $51.6 million. Litigation costs doubled to $5.9 million amid ongoing patent suits. Yet ongoing IP disputes pose risks to enforcement.
8-K
Adeia Q1 revenue meets expectations
Adeia kicked off 2025 with Q1 revenue of $87.7 million, down from $119.2 million in Q4 2024 yet matching expectations, while signing 10 deals—including four with new customers in social media, OTT, and semiconductors. Cash from operations hit $57.1 million, funding $17.1 million in debt paydown and $10 million in stock repurchases. Innovation shines. The company reiterates its full-year revenue guidance of $390–430 million, underscoring licensing resilience amid tech shifts.