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Adeia Inc. - ADEA STOCK NEWS

Welcome to our dedicated page for Adeia news (Ticker: ADEA), a resource for investors and traders seeking the latest updates and insights on Adeia stock.

Adeia Inc. (Nasdaq: ADEA) is a premier R&D and intellectual property (IP) licensing company headquartered in San Jose, California, with global operations. Adeia specializes in licensing cutting-edge consumer and entertainment technologies, focusing predominantly on the intellectual property segment. The company licenses its innovations to major players in various sectors, including Pay-TV, Consumer Electronics, Connected Car, and Media Platforms, significantly impacting the entertainment industry. Adeia's IP portfolios power the connected devices used by millions worldwide, enhancing digital entertainment and electronic experiences as people live, work, and play.

Adeia has established itself as a leader in IP licensing, collaborating with leading semiconductor, smartphone, and digital imaging manufacturers to drive technological advancements. The company's recent achievements include securing a multi-year licensing agreement with Magenta Telekom, a substantial deal with Altimedia, and a significant partnership with Astound Broadband. These collaborations demonstrate Adeia's pivotal role in the European and U.S. video services markets, respectively.

Financially, Adeia has shown robust performance, with noteworthy financial results for Q1 2024. The company reported revenues of $83.4 million and generated over $67 million in cash from operations. It has paid down $40 million of debt in the first quarter alone, reflecting its strong cash-generative business model. Adeia’s dedication to financial health is further exhibited by the recent repricing of its Term Loan B, which is projected to reduce annual cash interest expenses by approximately $3.4 million.

In addition to its financial success, Adeia has been recognized for its innovative contributions to digital entertainment. The company received an award from Interactive TV Today for its

News

Adeia Renews Media IP License Agreement with Funai

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Adeia Inc. (Nasdaq: ADEA) announced that Funai Electric Co., Ltd. has renewed its license for Adeia’s media intellectual property (IP) portfolio. Funai is a global electronics manufacturer of connected TVs, Blu-ray and DVD players, and related devices, aiming to enhance the daily lives of customers through simple and engaging products. Dr. Mark Kokes, Adeia's chief licensing officer and general manager, media, highlighted that Adeia’s IP contains foundational technologies that help audiences search, find, and enjoy content and experiences on CTVs and other connected devices.
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Joseph Guiliano appointed Chief IP Officer of Adeia

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Adeia Inc. (Nasdaq: ADEA) appoints Joseph Guiliano as chief intellectual property officer, leveraging his 30 years of experience with Adeia's IP portfolio to drive long-term portfolio strategy and revenue growth plans.
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Adeia to Participate in Wells Fargo 7th Annual TMT Summit on November 28

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Adeia Inc. (Nasdaq: ADEA) to participate in Wells Fargo 7th Annual TMT Summit. CEO and CFO to engage in a webcast 'fireside chat' at 4:30pm ET on November 28, 2023, available on the company's Investor Relations website. Replay available for 90 days. Event details: Date: November 28, 2023, Time: 4:30pm ET, Location: Rancho Palos Verdes, CA, Presentation format: Fireside chat, Presentation Link: Webcast
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Adeia Announces Third Quarter 2023 Financial Results

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Adeia Inc. announced strong financial results for Q3 2023, with revenue of $101.4 million and GAAP net income of $24.2 million. They closed important renewals with Samsung and Starz, as well as signed renewals with domestic Pay-TV providers and a consumer electronics manufacturer. The company also settled all existing litigation with NVIDIA. Adeia made principal payments of $15.1 million towards its term loan B and distributed a quarterly cash dividend of $0.05 per share. They adjusted their full-year 2023 outlook.
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Phyllis Turner-Brim Joins Adeia’s Board of Directors

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Adeia Inc. announced the appointment of Phyllis Turner-Brim, a veteran intellectual property attorney and advisor, to its board of directors. Turner-Brim brings three decades of IP legal experience and 15 years of executive experience advising Fortune 500 companies. She has held senior roles at companies like Starbucks, HP, and Intellectual Ventures. Turner-Brim's expertise in IP licensing and strategy will guide Adeia's leadership team towards its strategic objectives.
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Adeia to Participate in Stephens Investor Conference on November 16

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Adeia Inc. announced that its CEO and CFO will participate in the Stephens Annual Investor Conference in Nashville, TN on November 16, 2023. The fireside chat will be webcasted and a replay will be available for 90 days.
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Adeia Recognized as One of the World's Most Trustworthy Companies for 2023 by Newsweek

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Adeia Inc. (Nasdaq: ADEA) has been recognized on Newsweek’s inaugural list of the World’s Most Trustworthy Companies 2023. This prestigious recognition is presented by Newsweek and Statista Inc. The list was announced on September 6th, 2023. Adeia was also recognized as one of America’s Most Trustworthy Companies in 2023 by the same organizations. The World’s Most Trustworthy Companies 2023 were identified in an independent survey based on a vast sample of more than 70,000 participants and 269,000 evaluations. The three main public pillars of trust that were analyzed are customer trust, investor trust, and employee trust.
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Adeia to Release Third Quarter 2023 Financial Results on November 6, 2023

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Adeia Inc. to announce Q3 2023 financial results on November 6, 2023
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Adeia Enters into Long-Term IP License Renewal with Samsung for Mobile Devices

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Adeia Inc. announced that Samsung renewed its license to Adeia's media IP portfolio for its mobile devices, positively impacting Adeia's revenue-generating opportunities on mobile devices. Samsung shipped 258 million smartphones worldwide in 2022, accounting for over a fifth of smartphone shipments worldwide. Mobile devices have become a driving force behind the global video gaming market, with smartphone games accounting for 45% of video gaming revenue worldwide.
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Adeia Files Breach-of-Contract Lawsuit Against Shaw

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Adeia Inc. files breach-of-contract lawsuit against Shaw Cablesystems and Shaw Satellite in the Southern District of New York. Adeia expects its non-GAAP operating margin for 2023 to be at or above the midpoint of its financial outlook.
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FAQ

What is the current stock price of Adeia (ADEA)?

The current stock price of Adeia (ADEA) is $12.475 as of November 1, 2024.

What is the market cap of Adeia (ADEA)?

The market cap of Adeia (ADEA) is approximately 1.4B.

What does Adeia Inc. do?

Adeia Inc. is a leading R&D and intellectual property (IP) licensing company that licenses innovations in the media and semiconductor industries.

What industries does Adeia Inc. serve?

Adeia Inc. serves the Pay-TV, Consumer Electronics, Connected Car, and Media Platform industries.

Who are some of Adeia Inc.'s recent partners?

Recent partners include Magenta Telekom, Altimedia, Astound Broadband, Panasonic, and Mitsubishi Electric.

How did Adeia Inc. perform financially in Q1 2024?

Adeia reported revenues of $83.4 million and generated over $67 million in cash from operations in Q1 2024.

What are some recent achievements of Adeia Inc.?

Recent achievements include securing licensing agreements with Magenta Telekom, Altimedia, and Astound Broadband, and receiving an award for its 'Clickable Video' innovation.

What is the significance of Adeia's repricing of its Term Loan B?

The repricing lowers the company's future interest expenses and increases financial flexibility, estimated to save approximately $3.4 million annually.

How does Adeia Inc. contribute to digital entertainment?

Adeia's IP innovations underpin technologies that enhance the digital entertainment experience, including search, discovery, and targeted advertising technologies.

What is Adeia's approach to financial management?

Adeia focuses on generating strong cash flows, reducing debt, and continuously investing in strategic acquisitions and R&D.

Who can I contact for investor relations at Adeia Inc.?

For investor relations, contact Chris Chaney, Vice President, Investor Relations, at ir@adeia.com.

Where can I find more information about Adeia Inc.?

For more information, visit Adeia Inc.'s official website at www.adeia.com.

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Adeia Inc.

Nasdaq:ADEA

ADEA Rankings

#2277 Ranked by Market Cap
#1556 Ranked by Dividends

ADEA Stock Data

1.36B
108.90M
1.1%
99.29%
2.87%
Software - Application
Cable & Other Pay Television Services
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