Core Viewpoint - Adeia Inc. is set to announce its financial results for Q3 2025 on November 3, 2025, with an earnings conference call scheduled for the same day [1]. Financial Results Announcement - The financial results for the third quarter ended September 30, 2025, will be disclosed on November 3, 2025 [1]. - An earnings conference call will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day [1]. - U.S. callers can access the call by dialing +1 (888) 660-6411, while international callers should dial +1 (929) 203-0849 [1]. - Participants are advised to join the call 15 minutes early and can also access the call via a webcast link [1]. Webcast and Replay Information - A replay of the webcast will be available until November 3, 2026 [2]. - A telephonic replay will be accessible until November 10, 2025, by calling +1 (609) 800-9909 and using playback ID 6089024 [2]. Company Overview - Adeia Inc. is a prominent R&D and intellectual property licensing company focused on innovative technologies in the media and semiconductor sectors [3]. - The company's innovations are foundational to technology solutions that enhance digital entertainment and electronics [3]. - Adeia's IP portfolios support connected devices that impact millions of lives globally [3].

Core Insights - Adeia reported Q2 2025 GAAP revenue of $85.7 million, slightly below analyst estimates of $88.5 million, with Non-GAAP EPS at $0.25, also under expectations [1][2] - The company achieved a significant year-over-year increase in GAAP net income, reaching $16.7 million, nearly doubling from $8.4 million in Q2 2024 [2][5] Financial Performance - Non-GAAP EPS for Q2 2025 was $0.25, down 10.7% from $0.28 in Q2 2024 [2] - Adjusted EBITDA for Q2 2025 was $45.7 million, a decrease of 13.5% from $52.8 million in Q2 2024 [2] - GAAP net income surged to $16.7 million in Q2 2025, a 98.8% increase year-over-year [2][5] Business Overview - Adeia specializes in IP licensing, focusing on patents in semiconductor and media technologies, generating revenue through licensing agreements with large companies [3][4] - The company’s patent portfolio includes thousands of assets related to advanced chip packaging, media content delivery, and digital imaging [4] Strategic Focus - Adeia aims to secure more licensing revenue from growth markets like OTT streaming services and the semiconductor sector [4] - Key performance variables include renewing and signing new multi-year deals, expanding IP protection, and investing in research [4] Operational Highlights - In Q2 2025, Adeia closed five deals, including a multi-year license with ST Microelectronics and a renewal with a major OTT streaming service [6] - The company launched RapidCool™, a liquid cooling technology for high-performance semiconductors, addressing the cooling needs of AI hardware [7] Capital Allocation - Adeia maintained a disciplined capital allocation strategy, paying a $0.05 per share dividend and reducing its outstanding term loan to $458.9 million [9] Future Guidance - Management reiterated full-year 2025 revenue guidance of $390.0 to $430.0 million, with slightly lower operating expense forecasts [10] - Interest expense expectations for FY2025 were reduced by $1.0 million, reflecting tighter cost control [10] Market Outlook - Adeia did not indicate any major upcoming licensing wins but highlighted continued efforts in semiconductors and OTT streaming as growth drivers [11] - The company’s recurring revenue from multi-year licenses and diversified customer base provides stability, but significant upside will depend on new partnerships and legal risk management [11]

Core Viewpoint - Adeia Inc. is set to announce its financial results for Q2 2025 on August 5, 2025, after market close, followed by a conference call to discuss the results [1]. Group 1: Financial Results Announcement - The financial results for the second quarter ended June 30, 2025, will be announced on August 5, 2025 [1]. - An earnings conference call will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day [1]. - U.S. callers can access the call by dialing +1 (888) 660-6411, while international callers should dial +1 (929) 203-0849 [1]. Group 2: Webcast and Replay Information - A replay of the webcast will be available until August 4, 2026 [2]. - A telephonic replay will be accessible until August 12, 2025, by calling +1 (609) 800-9909 and referencing playback ID 6089024 [2]. Group 3: Company Overview - Adeia Inc. is a leading R&D and intellectual property licensing company focused on innovative technologies in the media and semiconductor industries [3]. - The company's innovations support technology solutions that enhance digital entertainment and electronics [3]. - Adeia's IP portfolios are integral to connected devices that impact millions of lives globally [3].

Financial Data and Key Metrics Changes - Acacia recorded total revenue of $124.4 million during the first quarter, a significant increase compared to the previous year [21] - The company reported first quarter GAAP operating income of $38.3 million, compared to a GAAP operating loss of $2.1 million in the same quarter last year [24] - GAAP net income attributable to Acacia was $24.3 million or $0.25 per share, compared to a net loss of $200,000 or $0 per share in the prior year period [25] Business Line Data and Key Metrics Changes - Energy operations generated $18.3 million in revenue for the quarter, compared to $1.9 million in the same quarter last year [21] - Manufacturing operations generated $28.5 million in revenue, while industrial operations generated $7.7 million, a slight decrease from $8.8 million in the same quarter last year [22] - Intellectual property operations generated $69.9 million in licensing and other revenue, compared to $13.6 million in the same quarter last year, primarily due to a large settlement [23] Market Data and Key Metrics Changes - The company has hedged over 70% of its production through the end of 2027, providing price protection and greater cash flow predictability [11] - Approximately 51% of Benchmark's last twelve months revenue and 78% of production was driven by gas and natural gas liquids, which have remained resilient despite recent market volatility [11] Company Strategy and Development Direction - Acacia's strategy focuses on acquiring and building businesses with stable long-term cash flow generation and scalability [6] - The company is actively exploring strategic acquisitions and organic growth initiatives across its verticals, particularly in energy and industrial sectors [28] - Management is evaluating opportunities in the mature technology sector, aiming to enhance the value of its intellectual property portfolio [35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Acacia's resilience amid macroeconomic uncertainties and believes the current environment presents compelling opportunities [28] - The company is optimistic about the long-term growth potential of its Deflecto business and is implementing initiatives to optimize operations [15] - Management highlighted the importance of disciplined cost management and operational excellence in navigating volatile market conditions [16] Other Important Information - Total consolidated G&A expense was $17.3 million during the first quarter, an increase from $12.5 million in the same quarter last year, primarily due to the addition of Deflecto [23] - Cash, cash equivalents, and equity securities at fair value totaled $290 million as of March 31, 2025, compared to $297 million at December 31, 2024 [26] Q&A Session Summary Question: Can you detail the total winnings from the WiFi portfolio? - Management indicated that since Q1 2023, approximately $178 million has been generated from the WiFi assets, with more value expected in the portfolio [33] Question: Are you seeing prices coming down in M&A? - Management confirmed they are looking at opportunities in energy, industrials, and mature technology, with a focus on assets that can be improved through operational efficiencies [35][36] Question: What is the calculus on protecting tax attributes versus share buybacks? - Management completed a $20 million buyback and is monitoring tax attributes to determine the optimal time for further buybacks [41] Question: Will the recent settlement pressure the defendant in the $37 million judgment case to settle sooner? - Management expressed hope that the recent settlement would encourage a quicker resolution, but could not provide a definitive answer [50]

Financial Data and Key Metrics Changes - Acacia recorded total revenue of $124.4 million during the first quarter, a significant increase compared to the same quarter last year [21] - The company reported first quarter GAAP operating income of $38.3 million, compared to a GAAP operating loss of $2.1 million in the same quarter last year [23] - GAAP net income attributable to Acacia was $24.3 million or $0.25 per share, compared to a net loss of $0.2 million or $0 per share in the prior year period [24] - Adjusted net income attributable to Acacia was $33.1 million or $0.34 per share [24] - Cash, cash equivalents, and equity securities at fair value totaled $290 million as of March 31, 2025, compared to $297 million at December 31, 2024 [25] Business Line Data and Key Metrics Changes - Energy operations generated $18.3 million in revenue for the quarter, compared to $1.9 million in the same quarter of last year [21] - Manufacturing operations generated $28.5 million in revenue [21] - Industrial operations generated $7.7 million in revenue during the quarter, a slight decrease from $8.8 million in the same quarter last year [21] - Intellectual property operations generated $69.9 million in licensing and other revenue during the quarter, compared to $13.6 million in the same quarter last year [22] Market Data and Key Metrics Changes - Benchmark's energy segment has hedged over 70% of its production through the end of 2027, providing price protection and cash flow predictability [11] - Approximately 51% of Benchmark's last twelve months (LTM) revenue and 78% of LTM production was driven by gas and natural gas liquids, which have remained resilient [11] Company Strategy and Development Direction - The company focuses on acquiring and building businesses with stable long-term cash flow generation and scalability [6] - Acacia is actively evaluating strategic acquisitions and organic growth initiatives across its verticals [27] - The company is exploring avenues to monetize its Cherokee position and is monitoring attractive M&A targets due to recent oil price softness [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Acacia's resilience amid macroeconomic uncertainties and believes the current environment presents compelling opportunities [27] - The company is focused on disciplined cost management and operational excellence to navigate volatile periods [16] - Management highlighted the strong performance driven by realized gains from the intellectual property business and the integration of Revolution assets [7][14] Other Important Information - Total consolidated G&A expense was $17.3 million during the first quarter, an increase from $12.5 million in the same quarter last year, primarily due to the addition of Deflecto [22] - The company has zero capital commitments from a drilling perspective, allowing it to remain cash flow positive even in challenging price environments [11] Q&A Session Summary Question: Can you detail the total winnings from the WiFi portfolio? - Management indicated that since Q1 2023, approximately $178 million has been generated from the WiFi assets, with ongoing cases potentially adding more value [31] Question: Are you seeing prices coming down in M&A? - Management noted they are looking at three verticals: energy, industrials, and mature technology, with ongoing evaluations of acquisition opportunities [33][34] Question: What is the calculus on protecting tax attributes versus share buybacks? - Management confirmed they completed a $20 million buyback while monitoring tax attributes to determine the optimal time for further buybacks [40] Question: Does the recent settlement put pressure on the defendant in the $37 million judgment case? - Management expressed uncertainty but hoped that the recent settlement would encourage a quicker resolution [49]

Core Insights - Adeia Inc. reported a strong start to 2025 with revenue of $87.7 million, aligning with expectations, and generated $57.1 million in cash from operations [2][6] - The company signed 10 deals in Q1 2025, including 4 with new customers in growth sectors such as social media, OTT, and semiconductors [2][6] - Adeia's patent portfolio has grown to over 12,750 assets, a 32% increase since its separation two years ago, driven by R&D efforts in emerging technologies [2][6] Financial Highlights - Revenue for Q1 2025 was $87.7 million, compared to $119.2 million in Q4 2024 [6] - GAAP diluted EPS was $0.10, while non-GAAP diluted EPS was $0.26 [6] - Net income was reported at $11.8 million, with adjusted EBITDA at $47.3 million [6][31] Capital Allocation - The company paid down $17.1 million of its term loan, reducing the outstanding balance to $470 million as of March 31, 2025 [5] - Adeia repurchased $10 million of common stock, totaling 759,724 shares, with $170 million remaining under its stock repurchase plan [5] - A quarterly cash dividend of $0.05 per share was declared, amounting to $5.4 million distributed to stockholders [7] Business Highlights - New multi-year license agreements were signed with a leading social media company and a major U.S. professional sports league [6] - Renewals were completed with Pay-TV providers SK Broadband and Frontier Communications [6] - The company acquired two strategic patent portfolios in microLED and imaging technologies [6] Financial Outlook - Adeia reiterated its full-year 2025 guidance, projecting revenue between $390 million and $430 million [8] - Operating expenses are expected to range from $263 million to $275 million, with non-GAAP operating expenses projected between $166 million and $174 million [8] - The company anticipates net income between $76.5 million and $81.6 million, with adjusted EBITDA expected to be between $226.3 million and $258.3 million [8]

Company Overview - AB International Group Corp. is an intellectual property and movie investment and licensing firm, focusing on acquisitions and development of various intellectual properties [10] - AI+ Hubs Corp, a subsidiary of AB International Group, specializes in integrating AI technology with creative industries [9] Acquisition and Technology - AI+ Hubs Corp has successfully acquired the ufilm AI intellectual property from a third-party developer, marking a significant milestone in AI-driven content creation [1] - ufilm AI enables users to produce serialized content directly from smartphones, automating storyboard generation, ad insertion, and editing recommendations [2] Market Potential - The global OTT TV and video revenue is projected to grow to $215 billion by 2029, indicating substantial growth potential in the series market [5] - The global film and entertainment market was valued at $100.38 billion in 2023, with a projected CAGR of 8.1% from 2024 to 2030, reaching $202.9 billion by 2030 [5] Licensing Strategy - AI+ Hubs plans to license ufilm AI IP to multiple platforms, generating royalties and creating diverse revenue streams [6] - Each licensed platform is expected to generate annual revenue of $280 million, with a 10% royalty fee, resulting in $28 million per platform annually [6] Future Outlook - AI+ Hubs projects cumulative licensing revenue of $476 million over the next three years, demonstrating the long-term potential of the IP licensing business [8] - The company aims to enhance ufilm AI IP's features and actively seek global partners to expand its licensing business [8]

Core Viewpoint - Adeia Inc. is set to announce its financial results for Q1 2025 on May 5, 2025, after market close, followed by a conference call to discuss the results [1]. Financial Results Announcement - The financial results for the first quarter ended March 31, 2025, will be disclosed on May 5, 2025 [1]. - An earnings conference call will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day [1]. - U.S. callers can access the call by dialing +1 (888) 660-6411, while international callers should dial +1 (929) 203-0849 [1]. - Participants are encouraged to join 15 minutes prior to the start of the call [1]. Webcast and Replay Information - A replay of the webcast will be available until May 4, 2026 [2]. - A telephonic replay will be accessible until May 12, 2025, by calling +1 (609) 800-9909 and using playback ID 6089024 [2]. Company Overview - Adeia Inc. is a prominent R&D and intellectual property licensing company focused on innovative technologies in the media and semiconductor sectors [3]. - The company's innovations are foundational to technology solutions that enhance digital entertainment and electronics [3]. - Adeia's IP portfolios support connected devices that impact millions of lives globally [3].

Financial Data and Key Metrics Changes - For Q4 2024, consolidated revenue was $48.8 million, with total company adjusted EBITDA of $4.9 million and operated segment adjusted EBITDA of $9.6 million [14][29] - For the full year 2024, consolidated revenue was $122.3 million, down from $125.1 million in 2023, with total company adjusted EBITDA of $17 million [36][40] - The net loss for Q4 2024 was $13.4 million, or $0.14 per share, compared to a net income of $74.8 million, or $0.75 per share in Q4 2023 [34][36] Business Line Data and Key Metrics Changes - Energy operations generated $17.3 million in revenue for Q4 2024, significantly up from $0.8 million in the same quarter last year [29] - Manufacturing operations, following the acquisition of Deflecto, generated $23.2 million in revenue for Q4 2024 [30] - Industrial operations generated $8.2 million in revenue for Q4 2024, a slight decrease from $8.6 million in the same quarter last year [30] - Intellectual property operations generated $0.1 million in licensing revenue during Q4 2024, down from $82.8 million in the same quarter last year [30][26] Market Data and Key Metrics Changes - The energy vertical reported Benchmark's highest ever revenue this quarter, demonstrating effective operational strategies [19] - The manufacturing operations are expected to improve earnings leverage as market conditions rebound [24] Company Strategy and Development Direction - The company aims to maximize value through disciplined capital allocation and strategic acquisitions, focusing on operational efficiencies and integration of acquired businesses [9][45] - The strategy includes evaluating potential acquisition targets in both private and public markets while maintaining a strong balance sheet [46][47] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic uncertainties and highlighted the stability offered by the company's diversified asset base [47] - The company plans to continue optimizing existing assets and exploring new acquisition opportunities to unlock shareholder value [48] Other Important Information - The company repurchased $20 million of stock at an average price of $4.61 per share, reflecting a strategic use of shareholder capital [16] - Cash, cash equivalents, and equity securities totaled $297 million at year-end 2024, down from $403.2 million at the end of 2023, primarily due to acquisitions and stock repurchases [41][42] Q&A Session Summary Question: Thoughts on the overall economy and tariffs - Management indicated that the company is insulated from tariffs due to its market position and has plans to adjust manufacturing operations if necessary [52][54] Question: Acquisition of more wells and Cherokee play potential - Management confirmed ongoing evaluation of asset packages for acquisition, focusing on operational scalability rather than geographical expansion [61][64] Question: Deflecto's gross margin performance - Management acknowledged that the fourth quarter is seasonally weak but remains committed to achieving the targeted gross margin of 15% [66] Question: Cash levels and acquisition strategy - Management clarified that the increase in cash levels is due to effective cash flow generation from acquired businesses [92] Question: Flexibility in private equity pricing - Management noted that while private equity firms typically seek high prices, there are opportunities for reasonable valuations, especially for businesses that may not fit traditional private equity models [96][97]