Adeia(US:ADEA) Globenewswireยท2025-02-18 21:05Core Insights - Adeia Inc. achieved record post-separation revenue and cash from operations in Q4 2024, with revenue reaching $119.2 million compared to $86.1 million in Q3 2024 [1][6] - The company signed 10 deals in Q4 and a total of 32 deals for the year, including significant agreements with Amazon, Canon, and a luxury retailer [2][6] - Adeia paid down $50 million of debt and repurchased $20 million of common stock in Q4 2024 [1][8] Financial Highlights - Q4 2024 GAAP net income was $36.0 million, with GAAP diluted EPS of $0.32, while non-GAAP diluted EPS was $0.47 [6][27] - For the full year 2024, revenue was $376.0 million, down from $388.8 million in 2023, with GAAP net income of $64.6 million [6][21] - Cash flows from operations for the year totaled $212.5 million, with adjusted EBITDA of $234.3 million [6][25] Business Developments - The company expanded its patent portfolio by 12% year-over-year, ending 2024 with over 12,000 patent assets [2] - New customer agreements and renewals were signed with key players in the consumer electronics and media sectors, enhancing the company's market position [2][6] - Adeia's operating margin reached 67%, reflecting strong deal momentum and operational efficiency [2] Capital Allocation - In Q4 2024, Adeia made $50 million in principal payments towards its term loan B, reducing the outstanding balance to $487.1 million [8] - The company repurchased over 1.4 million shares of common stock, with $180 million remaining under its stock repurchase plan as of December 31, 2024 [8][9] Financial Outlook - For the full year 2025, Adeia projects revenue between $390 million and $430 million, with net income expected to range from $76.5 million to $81.6 million [10][34] - Operating expenses are anticipated to be between $263 million and $275 million, with non-GAAP operating expenses projected at $166 million to $174 million [10][31]