Adeia Announces First Quarter 2024 Financial Results
Adeia Inc. (ADEA)
Company Research
Source: GlobeNewswire
Paid down $40 million of debt in the first quarter and nearly $200 million since separation Generated over $67 million in cash from operations in the first quarter SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2024. “The results of our first quarter demonstrate the strength of our business model and continued execution as we generated over $67 million in cash from operations,” said Paul E. Davis, chief executive officer of Adeia. “Our first quarter was very active as we closed deals with ten customers across a diverse mix of end markets and geographies. We further expanded our patent portfolios both through strategic acquisitions and R&D investments focused on emerging trends such as generative AI and the challenges of Moore’s Law facing the semiconductor industry. Additionally, we remain on-track to achieving our strategic objectives for the year as
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ADEA
News
- Adeia Successfully Completes Debt RepricingGlobeNewswire
- Adeia Enters into License Renewal with Mitsubishi ElectricGlobeNewswire
- Xperi Holding Corporation (NASDAQ:XPER) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Adeia Renews Media IP License Agreement with Panasonic Entertainment & Communication Co., Ltd.GlobeNewswire
- Adeia Inc. (NASDAQ: ADEA) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $16.00 price target on the stock.MarketBeat
ADEA
Earnings
- 5/6/24 - Beat
ADEA
Sec Filings
- 5/20/24 - Form 8-K
- 5/15/24 - Form 8-K/A
- 5/10/24 - Form 4
- ADEA's page on the SEC website