Adeia Inc. · NASDAQ:ADEA
Adeia — Q3 2023 Earnings Presentation
10 slides from Adeia's earnings presentation, Nov 6, 2023
Slide 1: Q3 2023 Earnings
Q3 2023 Earnings November 6, 2023 1 © 2023 Adeia | All rights reserved.
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: Q3 2023 Highlights
Q3 2023 Closed 7 deals including 6 renewals Highlights Deals closed included a long-term renewal with Samsung and an OTT multi-year renewal with Starz, both for access to our growing media portfolio Revenue of $101.4 million, adjusted EBITDA of $70.7 million and S paid down $15.1 million on our term
Slide 4: Deal Momentum
Deal Signed a significant long-term renewal with Samsung for mobile devices Momentum Signed a multi-year renewal with Starz, a leading provider of OTT streaming services Signed renewals with three Pay-TV providers for access to S a domestic consumer electronics our media portfolio and a renewal with
Slide 5: Measures of Success
Increase Long-Term Revenue Continue to execute renewals and new customer agreements Measures that will increase our annual revenue over the long-term of Success IP Portfolio Generation Increase patent portfolio 10% year over year with increased internal R&D and strategic acquisitions Execute New Med
Slide 6: Q3 2023 Results
Q3 2023 Results Q3 ‘23 Q3 ‘23 Category (in millions) GAAP NON-GAAP Revenue $101.4 $101.4 Operating expenses $61.3 $31.1 Interest expense $15.7 $15.7 Other income, net $1.5 $1.5 Income tax expense $1.7 $12.9 Net income $24.2 $43.2 Adjusted EBITDA N/A $70.7 Diluted shares outstanding 112.9 112.9 • See
Slide 7: FY 2023 Outlook
FY 2023 Outlook Category (in millions, except tax rate) FY ‘23 GAAP Outlook FY ‘23 Non-GAAP Outlook Revenue $385.0 – 395.0 $385.0 – 395.0 Operating expenses $253.0 – 257.0 $130.0 – 133.0 Interest expense $63.0 – 63.5 $63.0 – 63.5 Other income $5.0 – 6.0 $5.0 – 6.0 Tax rate 25% – 30% 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 10,500+ patent assets provide Ongoing innovations drive growth Focused investments in innovat
Slide 9: Question & Answer
Question & Answer 9 © 2023 Adeia | All rights reserved.
Slide 10: Thank you!
Thank you! 10 © 2023 Adeia | All rights reserved.