Reduces annual interest expense by approximately $3.4 millionReduces excess cash flow payment thresholds and increases financial flexibility SAN JOSE, Calif., May 20, 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, today announced the successful repricing of its Term Loan B, thereby reducing its future interest expense and increasing financial flexibility. The repricing ...

Reduces annual interest expense by approximately $3.4 millionReduces excess cash flow payment thresholds and increases financial flexibility SAN JOSE, Calif., May 20, 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, today announced the successful repricing of its Term Loan B, thereby reducing its future interest expense and increasing financial flexibility. The repricing l ...

Adeia (ADEA) closed the last trading session at $11.31, gaining 12.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $15 indicates a 32.6% upside potential.The average comprises three short-term price targets ranging from a low of $14 to a high of $16, with a standard deviation of $1. While the lowest estimate indicates an increase of 23.8% from the current price level, the most o ...

SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Mitsubishi Electric, the Japanese multinational electronic and electrical equipment manufacturing company, has agreed to renew its license for access to Adeia's media intellectual property (IP) portfolio. This license covers connected TVs produced by Mitsubishi for distribution to businesses and consumers in t ...

SAN JOSE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Panasonic Entertainment & Communication Co., Ltd. ("Panasonic"), a global provider of services and products, has agreed to a multi-year renewal of its license for Adeia's media intellectual property (IP) portfolio. As a leading manufacturer of smart and connected TVs and a wide range of consumer electronics, P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39304 ADEIA INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-4734590 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organ ...

Adeia (ADEA) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this provider of chip technology for small electronic devices would post earnings of $0.26 per share when it actually produced earnings of $0.27, delivering a surprise of 3.85%.Ove ...

Adeia Inc. (NASDAQ:ADEA) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Chris Chaney - Vice President of Investor Relations Paul Davis - Chief Executive Officer Keith Jones - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Group Kevin Cassidy - Rosenblatt Securities Hamed Khorsand - BWS Financial Inc. Operator Good day, everyone. Thank you for standing by. Welcome to Adeia's First Quarter 2024 Earnings Conference Call. During today's presentation, a ...

Exhibit 99.1 FOR IMMEDIATE RELEASE ADEIA ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Paid down $40 million of debt in the first quarter and nearly $200 million since separation Generated over $67 million in cash from operations in the first quarter SAN JOSE, Calif. – May 6, 2024 – Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2024. “The results of our first quarter demonstrate the strength of our business model and continued e ...

SAN JOSE, Calif., May 03, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company known for its innovations in entertainment experiences, announced that the company was honored by Interactive TV Today (ITVT) with an award for Leadership in Interactive and Multiplatform Television in the category of "Achievement in Shoppable TV." Adeia's "Clickable Video" invention was recognized alongside other category winners, including Comcast, DIRECTV, LG and Spectrum, during the TV of Tomorrow (TVOT) Show in San ...