Core Viewpoint - Orchid Island Capital, Inc. has declared a monthly cash dividend of $0.12 per share for March 2025, payable on April 29, 2025, to shareholders of record as of March 31, 2025, with the ex-dividend date also on March 31, 2025. The next dividend announcement is expected on April 9, 2025 [1][7]. Dividend Policy - The company intends to make regular monthly cash distributions to its common stockholders. To qualify as a real estate investment trust (REIT), it must distribute at least 90% of its REIT taxable income annually, excluding net capital gains. The company has not set a minimum distribution level and cannot guarantee future distributions [2]. Share Information - As of March 19, 2025, the company had 105,873,628 shares of common stock outstanding, an increase from 98,853,628 shares as of February 28, 2025, and 82,622,464 shares as of December 31, 2024 [3]. RMBS Portfolio Characteristics - Orchid Island Capital, Inc. focuses on investing in Agency RMBS, including traditional pass-through Agency RMBS and structured Agency RMBS. The company is managed by Bimini Advisors, LLC, a registered investment adviser [4]. RMBS Valuation Characteristics - As of February 28, 2025, the company's RMBS portfolio includes various fixed-rate mortgage-backed securities with a total face value of $6,487,158,000 and a fair value of $6,345,027,000. The weighted average coupon rate is 5.22%, with a weighted average maturity of 24 months [6][11]. Borrowings and Counterparty Exposure - The total borrowings of the company amount to $5,591,286,000, with an average interest rate of 4.45%. The borrowings are diversified across multiple counterparties, with MUFG Securities Canada, Ltd. being the largest at $337,100,000 [13][14].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________ FORM 10-K ________________________________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-22339 __________________________ ...

Rambus Fourth Quarter and Fiscal Year 2024 Financial Results Safe Harbor for Forward-Looking Statements; Other Disclosures This presentation contains forward-looking statements, including those relating to the Company's expectations regarding business opportunities, the Company's ability to deliver long-term, profitable growth, industry growth rates, timing of expected product launches, demand for existing and newly-acquired technologies, product and investment strategies, the Company's outlook and financia ...

Revenue Performance - GAAP revenue for Q4 2024 was $161.1 million, representing a 32% increase year-over-year from $122.2 million in Q4 2023[1][2] - Total revenue for the three months ended December 31, 2024, was $161,102,000, representing a 31.8% increase from $122,225,000 in the same period of 2023[28] - Product revenue reached a record $73.4 million, up 37% year-over-year from $53.7 million in Q4 2023[2][3] - Product revenue increased to $73,369,000 in Q4 2024, up 36.7% from $53,698,000 in Q4 2023[28] - Royalties revenue rose to $58,211,000, a 10.4% increase compared to $52,412,000 in the prior year[28] Income and Expenses - Operating income for Q4 2024 was $57.9 million, with an operating margin of 36%, up from 29% in Q4 2023[2][4] - Operating income for the year ended December 31, 2024, was $183,009,000, reflecting a 19.0% increase from $153,639,000 in 2023[28] - Total operating expenses for Q4 2024 were $71.7 million, up from $63.0 million in Q4 2023[2][4] - Non-GAAP operating expenses for Q4 2024 were $60.1 million, compared to $51.0 million in Q4 2023[4][11] - The company expects forward-looking Non-GAAP operating costs and expenses for Q1 2025 to be between $87,000,000 and $91,000,000[31] Cash Flow and Assets - Annual cash from operations for 2024 was $230.6 million, an 18% increase compared to the previous year[3][5] - Cash, cash equivalents, and marketable securities as of December 31, 2024, totaled $481.8 million, an increase of $49.1 million from the previous quarter[5] - Total current assets increased to $690,257,000 as of December 31, 2024, compared to $630,645,000 in 2023, marking a 9.5% growth[26] Equity and Net Income - Total stockholders' equity rose to $1,120,692,000 in 2024, up 7.9% from $1,038,101,000 in 2023[26] - Net income for the year ended December 31, 2024, was $179,821,000, down 46.3% from $333,904,000 in 2023[28] - The company reported diluted net income per share of $0.58 for Q4 2024, compared to $0.53 in Q4 2023[2][4] Future Guidance - The company expects Q1 2025 licensing billings to be between $59 million and $65 million, with product revenue guidance of $72 million to $78 million[7][8] Research and Development - Research and development expenses for the year ended December 31, 2024, were $162,881,000, a 3.0% increase from $156,827,000 in 2023[28] Strategic Developments - Rambus extended its patent license agreement with Micron through 2029, enhancing its market position[3]

Rambus Inc. RMBS will release its fourth-quarter financial results, after the closing bell, on Monday, Feb. 3, 2025.Analysts expect the San Jose, California-based company to report quarterly earnings at 47 cents per share, down from 53 cents per share in the year-ago period. Rambus projects quarterly revenue of $160.29 million, compared to $136 million a year earlier, according to data from Benzinga Pro.On Dec. 10, Rambus disclosed that it has extended the term of its comprehensive patent license agreement ...

Group 1 - Michael Wiggins De Oliveira is an inflection investor, focusing on buying undervalued companies at pivotal moments when their profitability is expected to increase significantly over the next year [1] - The investment strategy emphasizes technology and the Great Energy Transition, including uranium, with a concentrated portfolio of approximately 15 to 20 stocks and an average holding period of 18 months [1] - Michael has over 10 years of experience analyzing companies in the tech and energy sectors, and has built a following of over 40,000 on Seeking Alpha [2] Group 2 - Michael leads the investing group Deep Value Returns, which offers insights through a concentrated portfolio of value stocks, timely updates on stock picks, and a weekly webinar for live advice [3] - The Deep Value Returns community is described as active, vibrant, and supportive, providing accessible chat options for both new and experienced investors [3]

Rambus (RMBS) shares have plunged 22.9% year to date, underperforming the Zacks Electronics - Semiconductors industry, Zacks Computer and Technology sector and the S&P 500 index’s return of 33%, 25.7% and 23.4%, respectively.Rambus stock continues to face a steady decline due to prolonged pressure on its top-line growth because of reduced spending on traditional servers by enterprise customers. The demand for conventional servers, which have historically driven Rambus' memory interface and security solution ...

Core Points - Orchid Island Capital, Inc. declared a monthly cash dividend of $0.12 per share for November 2024, payable on December 30, 2024, to shareholders of record on November 29, 2024 [1] - The estimated book value per share as of November 8, 2024, is approximately $8.30 to $8.34, reflecting a decrease of 0.7% to 1.0% from the previous book value of $8.40 as of September 30, 2024 [2] - The company had 78,539,645 shares of common stock outstanding as of November 13, 2024, an increase from 78,082,645 shares as of September 30, 2024 [1][2] Dividend and Distribution - The company intends to make regular monthly cash distributions to its common stockholders, in compliance with REIT regulations requiring at least 90% of taxable income to be distributed annually [1] - The next dividend announcement is expected on December 10, 2024 [1] Financial Overview - As of November 8, 2024, the estimated total stockholders' equity is approximately $652.0 million to $655.0 million [2] - The company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares [2] RMBS Portfolio Characteristics - The company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [4] - As of October 31, 2024, the total mortgage assets were valued at approximately $5.346 billion, with Fannie Mae and Freddie Mac assets comprising 67.9% and 32.1% of the portfolio, respectively [9][10] Borrowings and Hedging - Total borrowings as of October 31, 2024, amounted to approximately $5.125 billion, with a weighted average borrowing rate of 5.06% [11] - The company has various hedging strategies in place, including SOFR futures and swaps, to manage interest rate sensitivity [8]

证 券 研 究 报 告 会议纪要 电子 2024 年 11 月 06 日 | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1 - The article initiates coverage on Rambus (NASDAQ: RMBS) with a BUY rating, emphasizing confidence in its top-tier products and relative discount to peers [1] - The positive outlook is supported by strong AI tailwinds and robust financials, indicating a favorable market position for Rambus [1] Group 2 - The analyst has no current stock or derivative positions in any mentioned companies and does not plan to initiate any within the next 72 hours [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company mentioned [2]