Slide 1: Q3 2025 Earnings
Q3 2025 Earnings November 3, 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 $87.3 million and continued debt paydown with $11.1 million in principal payments Business Highlights Signed long-term deals with Altice, one of the largest broadband and video service providers in the United States, and a new e-commerce customer, both for access to our media portf
Slide 4: Progress Since Separation
Progress Since Separation New License Expanded our IP Culture and Improved Agreements and Portfolios Industry Balance Sheet Renewals Recognition 20 agreements with Grew patent portfolios “Best Places to Work” – Executed on each of new customers such as by over 35%, driven U.S. News & World the four
Slide 5: Measures of Success
Measures Increase Long-Term Revenue of Success Continue to execute renewals and new customer agreements that will increase our annual revenue over the long-term IP Portfolio Growth Continue to grow patent portfolio through focused organic R&D and strategic inorganic investments Balanced Capital Allo
Slide 6: Q3 2025 Results
Q3 2025 Results Q3’25 Q3’25 Category (in millions) GAAP NON-GAAP Revenue $87.3 $87.3 Operating expenses $60.3 $37.1 Interest expense $10.1 $10.1 Other income, net $1.5 $1.5 Income tax expense $9.6 $9.6 Net income $8.8 $32.0 Adjusted EBITDA N/A $50.7 Diluted shares outstanding 112.8 112.8 • See table
Slide 7: FY 2025 Outlook
FY 2025 Outlook Category (in millions, except tax rate) FY’25 GAAP Outlook FY’25 Non-GAAP Outlook Revenue $360.0 – 380.0 $360.0 – 380.0 Operating expenses $260.0 – 266.0 $160.0 – 164.0 Interest expense $40.0 – 41.0 $40.0 – 41.0 Other income $5.5 – 6.5 $5.5 – 6.5 Tax rate 10.0% – 20.0% 23% Net income
Slide 8: 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 9: Questions & Answers
Questions & Answers 9
Slide 10: Thank you!
Thank you! 10