Adeia Inc. - ADEA STOCK NEWS

Adeia Inc. (Nasdaq: ADEA) announced the appointment of Christina Sawyer as the chief people officer effective April 17, 2023. Sawyer, previously with Electronic Arts as vice president of integrated operations, has experience in human resources, finance, and operations. Her track record includes building new HR teams that supported significant company growth. Adeia looks to leverage Sawyer's expertise to attract and retain top talent as part of its strategic growth plan. Adeia specializes in R&D and licensing in the media and semiconductor industries, focusing on innovative digital entertainment technologies that enhance consumer experiences globally.

Adeia Inc. (Nasdaq: ADEA) will report its financial results for the first quarter ending March 31, 2023, on May 8, 2023, after market close. An earnings conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) that same day. Investors can join the call by dialing +1 877-451-6152 for U.S. callers or +1 201-389-0879 for international participants, with a recommendation to join 15 minutes early. Adeia, a prominent R&D and intellectual property licensing firm, focuses on advancing technology in media and semiconductor sectors. The company's innovations support technology solutions that enhance digital entertainment and everyday electronic devices.

Adeia Inc. (Nasdaq: ADEA) has signed a long-term licensing agreement with Kioxia Corporation, a leader in flash memory and solid-state drives, for Adeia's semiconductor patent portfolio, including hybrid bonding technologies. This partnership highlights the significant value of Adeia's intellectual property in the semiconductor industry. With over 30 years of innovation, Adeia's extensive portfolio covers hybrid bonding, semiconductor packaging, and processing technologies, supporting growth and development in the sector. The agreement is a key strategic move, enhancing Adeia's position in the market.

Adeia Inc. (Nasdaq: ADEA) announced a long-term licensing agreement with Western Digital (Nasdaq: WDC) for its semiconductor patent portfolio, particularly focusing on hybrid bonding technologies. This partnership underscores Adeia's significant role in the semiconductor industry, where it continues to innovate and develop foundational technologies over the past 30 years. With a robust portfolio covering semiconductor packaging and processing, Adeia aims to enhance data storage solutions, reflecting its commitment to advancing industry standards. This agreement highlights the enduring value of Adeia’s intellectual property within a vital sector.

Adeia Inc. (Nasdaq: ADEA) has announced a multi-year extension of its licensing agreement with Verizon (NYSE, Nasdaq: VZ) for its media patent portfolio. This extension underscores the value of Adeia’s intellectual property, crucial in the U.S. pay-TV market. Adeia has invested decades in research and development, enabling innovative solutions for digital entertainment. The company’s technology enhances users' content management experiences across various devices. This partnership with one of the largest U.S. communications providers reflects Adeia's commitment to developing essential innovations in entertainment technology.

Adeia reported robust financial results for Q4 and full year 2022, demonstrating strong momentum across diverse licensing agreements. Total revenue for Q4 reached $103.3 million, a 15% increase from the previous year, while full-year revenue was $438.9 million, up 12%. The company achieved a GAAP diluted EPS of $0.65 in Q4 and adjusted EBITDA of $74.9 million. Key contracts included license renewals with Samsung and Altice. Adeia projects 2023 revenue between $385 million and $415 million while maintaining operating expenses in the $253 million to $267 million range.