Dublin, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The "Hybrid Bonding - Patent Landscape Analysis 2024" report has been added to ResearchAndMarkets.com's offering. Hybrid bonding technology emerged in 2005 with the introduction of Ziptronix's direct bond interconnect (DBI) technology. In 2015, Tessera (now Adeia) acquired Ziptronix, and DBI technology entered the market in 2016 through Sony's CMOS image sensor (CIS) used in Samsung's Galaxy S7 mobile phone. Since then, hybrid bonding technology has been explored ...

SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA), the company whose patented innovations shape semiconductor innovation and the way the world explores and experiences entertainment, today announced Dr. Belgacem Haba, a renowned innovator in microelectronics packaging and integration technologies, has recently received his 600th issued U.S. patent, a milestone reached by only the most prolific inventors in the world. Notably, that number is sure to grow as Dr. Haba is currently a ...

SAN JOSE, Calif., Aug. 19, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) ("Adeia" or "Company"), the company delivering innovative technology solutions across multiple industries, today announced that the Canadian Court of Appeals has issued its rulings in the Company's appeals of both the Videotron and Bell/Telus cases. Importantly, the Court agreed with the Company on several key issues, finding that the lower court erred in multiple aspects of its analysis relating to royalty-based damages, accounti ...

| --- | --- | --- | --- | |------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Q2 2024 Earnings | | | | Safe Harbor This presentation contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company's c ...

Market volatility can often be a goldmine for savvy investors looking to snap up undervalued growth stocks at bargain prices. The broader market has seen significant appreciation in 2024, driven largely by the technology sector. Yet, certain stocks have remained underpriced despite maintaining solid fundamentals and great growth prospects. As the market continues its upward trajectory in the third quarter (Q3), these overlooked gems present an opportunity for investors.Moreover, the recent panic selling in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39304 ADEIA INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-4734590 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. E ...

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 ...

Financial Data and Key Metrics Changes - The company reported revenue of $87.4 million for Q2 2024, with adjusted EBITDA of $52.8 million, reflecting a 60% adjusted EBITDA margin [7][16] - Operating expenses were $35.1 million, an increase of $1.2 million or 3% from the prior quarter [16] - Interest expense decreased to $13.3 million, down $879,000 from the prior quarter due to lower interest rates following debt repricing [17][19] Business Line Data and Key Metrics Changes - Five license agreements were signed across various markets, including social media, consumer electronics, semiconductors, and Pay-TV [7][16] - A multi-year renewal was signed with Liberty Global, enhancing the company's international customer base [9][10] - In semiconductors, a new long-term agreement was established with Hamamatsu, adding access to hybrid bonding technology [10] Market Data and Key Metrics Changes - The company is focused on expanding its customer base in OTT, adjacent media markets, and semiconductors, while maintaining strong renewal rates [11] - The company closed the quarter with over 11,500 worldwide patent assets, indicating a strong IP portfolio [11] Company Strategy and Development Direction - The company aims to drive revenue growth by expanding its IP portfolio and pursuing tuck-in acquisitions to enhance organic growth efforts [12] - The focus remains on internal R&D investments while also exploring acquisition opportunities to accelerate revenue [12][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strategic objectives for 2024, with expectations of strong momentum in the second half of the year [7][21] - The company reiterated its revenue guidance for 2024, expecting revenue between $380 million and $420 million [21][22] Other Important Information - The company successfully repriced its term loan, resulting in annual savings of over $3 million in interest expenses [8][19] - A cash dividend of $0.05 per share was paid, with another dividend approved for September [20] Q&A Session Summary Question: Impact of OTT price increases on markets - Management believes that price increases in the OTT market will not significantly impact licensing opportunities [25][27] Question: Semiconductor market challenges - Management noted ongoing trends in chiplet architecture and high bandwidth memory, indicating potential growth in licensing opportunities [28][29] Question: Changes in business focus on acquisitions - Management clarified that tuck-in acquisitions have always been part of the strategy, with a focus on internal R&D [31][32] Question: Timing of streaming and semiconductor license deals - Management indicated that while timing can shift, confidence remains high for closing deals within the year [34] Question: Baseline revenue expectations - Management stated that the current run rate of $85 million is not expected to be the ongoing baseline, with higher revenue anticipated from upcoming license agreements [36] Question: Influence of macroeconomic conditions on licensing discussions - Management expressed that macroeconomic uncertainty typically has little impact on the timing or economics of licensing deals [38][39] Question: Operating expenses outlook - Management indicated that R&D expenses will continue to rise, while overall operating expenses are expected to be lower than initially guided [40][42]

Adeia (ADEA) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.74%. A quarter ago, it was expected that this provider of chip technology for small electronic devices would post earnings of $0.22 per share when it actually produced earnings of $0.25, delivering a surprise of 13.64%.Ov ...

Exhibit 99.1 FOR IMMEDIATE RELEASE ADEIA ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS Repriced term loan for annual interest expense savings of approximately $3 million Generated over $90 million in cash from operations in the first half of 2024 SAN JOSE, Calif. – August 6, 2024 – Adeia Inc. (Nasdaq: ADEA) (the "Company" or "Adeia") today announced financial results for the second quarter ended June 30, 2024. "We delivered revenue of $87.4 million in the second quarter, in line with our expectations, and ...