Trevor Williams Introduction Adeia Inc. (NASDAQ:ADEA) had a decent show in Q2 2024. They posted Non-GAAP EPS of $0.28, beating estimates by $0.05. Revenue hit $87.4 million, topping expectations by $3.15 million. But the plot leads to the climax. Despite the wins, growth metrics indicate cracks in their core are reaching concerning levels: revenue has declined, debt has increased, and earnings growth is slowing down. Such issues may likely hit Adeia’s longer-term sustainability and valuation. Seeking ...

Adeia Inc. (NASDAQ:ADEA) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Chris Chaney – Vice President-Investor Relations Paul Davis – President and Chief Executive Officer Keith Jones – Chief Financial Officer Conference Call Participants Kevin Cassidy – Rosenblatt Securities Hamed Khorsand – BWS Financial Matthew Galinko – Maxim Group Operator Good day, everyone. Thank you for standing by. Welcome to Adeia's Second Quarter 2024 Earnings Conference Call. During today's prese ...

Adeia (ADEA) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this provider of chip technology for small electronic devices would post earnings of $0.22 per share when it actually produced earnings of $0.25, delivering a surprise of 13.64%.Ov ...

Exhibit 99.1 FOR IMMEDIATE RELEASE ADEIA ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Repriced term loan for annual interest expense savings of approximately $3 million Generated over $90 million in cash from operations in the first half of 2024 SAN JOSE, Calif. – August 6, 2024 – Adeia Inc. (Nasdaq: ADEA) (the "Company" or "Adeia") today announced financial results for the second quarter ended June 30, 2024. "We delivered revenue of $87.4 million in the second quarter, in line with our expectations, and ...

SAN JOSE, Calif., July 15, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) will announce its financial results for the second quarter ended June 30, 2024, on Tuesday, August 6, 2024, following the close of market. The company will host an earnings conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) that same day. To access the earnings conference call: U.S. callers, please dial +1 (888) 660-6411International callers, please dial +1 (929) 203-0849 All participants should dial in 15 minutes ...

SAN JOSE, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (“Adeia” or “Company”), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK), a global leader in converged broadband, video and mobile communications, has agreed to a long-term renewal agreement for Adeia’s media intellectual property (IP) portfolio. Liberty Global has played a critical role in bringing advanced digita ...

SAN JOSE, Calif., July 08, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (“Adeia” or “Company”), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK), a global leader in converged broadband, video and mobile communications, has agreed to a long-term renewal agreement for Adeia’s media intellectual property (IP) portfolio. Liberty Global has played a critical role in bringing advanced digita ...

SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enhance billions of devices and shape the way the world explores and experiences entertainment, has entered into a multi-year license agreement with X Corp., the owner of the social media platform formerly known as Twitter. The agreement also resolves all of the outstanding litigation between the companies. “We are pleased to enter into this agreement and resolve the outstanding litigation w ...

SAN JOSE, Calif., July 01, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations enhance billions of devices and shape the way the world explores and experiences entertainment, has entered into a multi-year license agreement with X Corp., the owner of the social media platform formerly known as Twitter. The agreement also resolves all of the outstanding litigation between the companies. “We are pleased to enter into this agreement and resolve the outstanding litigation w ...

SAN JOSE, Calif., June 12, 2024 (GLOBE NEWSWIRE) -- Today, Adeia Inc. (NASDAQ:ADEA), a leading R&D and intellectual property (IP) licensing company known for bringing leading innovations in the semiconductor and media/entertainment technology sectors to market, announced recent developments in hybrid bonding a technology targeted toward the future of semiconductor packaging enabling high-performance computing capabilities, like those required for AI. The company has experienced encouraging continued interes ...