Slide 1: Q2 2025 Earnings
Q2 2025 Earnings August 5, 2025 1
Slide 2: Safe Harbor
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 in
Slide 3: Recent Business Highlights
Recent Revenue of $85.7 million and cash from operations of $23.1 million Business Highlights Signed 5 license agreements across semiconductors, e-commerce, OTT and pay-TV, including 3 with new customers S Continued momentum in e-commerce, signing 2 new customers Introduced RapidCoolTM, a revolution
Slide 4: RapidCool
RapidCool A Revolutionary Direct-to-Chip Liquid Cooling Technology for High Performance Semiconductors Silicon Cold Plate Direct Bonded to Chips with Integrated Manifold Key Benefits Efficiently Cools to Lower Suited for High Power Custom Design for System Reliable & Scalable Temperatures Density Ch
Slide 5: Deal Momentum
Deal Signed new multi-year license agreement with ST Microelectronics, a global leader in analog and digital semiconductors, for access to our Momentum semiconductor portfolio Signed a multi-year renewal with a popular domestic OTT streaming service, for access to our media portfolio Signed multi-ye
Slide 6: Measures of Success
Measures Increase Long-Term Revenue Continue to execute renewals and new customer agreements that will of Success increase our annual revenue over the long-term IP Portfolio Growth Grow patent portfolio through focused organic R&D and strategic inorganic investments Balanced Capital Allocation Appro
Slide 7: Q2 2025 Results
Q2 2025 Results Q2’25 Q2’25 Category (in millions) GAAP NON-GAAP Revenue $85.7 $85.7 Operating expenses $69.3 $40.6 Interest expense $10.2 $10.2 Other income, net $1.4 $1.4 Income tax expense (benefit) $(9.1) $8.3 Net income $16.7 $28.0 Adjusted EBITDA N/A $45.7 Diluted shares outstanding 112.2 112.
Slide 8: FY 2025 Outlook
FY 2025 Outlook Category (in millions, except tax rate) FY’25 GAAP Outlook FY’25 Non-GAAP Outlook Revenue $390.0 – 430.0 $390.0 – 430.0 Operating expenses $261.0 – 271.0 $160.0 – 166.0 Interest expense $40.0 – 42.0 $40.0 – 42.0 Other income $5.5 – 6.5 $5.5 – 6.5 Tax rate 10.0% – 30.0% 23.0% Net inco
Slide 9: Value Proposition
Value Proposition Foundation Driven by Ongoing Innovation and Focused Capital Strong Portfolios and Capitalization of Market Allocation to Maximize Technology Offerings Trends Drive Growth Shareholder Value 13,000+ patent assets provide both Ongoing innovations drive growth Focused investments in in
Slide 10: Question & Answer
Question & Answer 10
Slide 11: Thank you!
Thank you! 11