Adeia's Mixed Q2 Results Under The Microscope

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  ...