Slide 1: Q2 2024 Earnings
Q2 2024 Earnings August 6, 2024 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: Q2 2024 Highlights
Q2 2024 Signed 5 deals including 4 renewals and 1 new deal Highlights Signed agreements across a diverse mix of customers in social media, consumer electronics, semiconductor and Pay-TV S Revenue of $87.4 million and adjusted EBITDA of $52.8 million Successfully repriced and paid down an additional
Slide 4: Deal Momentum
Deal Signed a multi-year renewal with X Corp (Twitter), a leading social Momentum media platform, for access to our media portfolio Signed multi-year renewals with Panasonic and two regional Pay-TV providers in the U.S. for access to our media portfolio Signed a new long-term license agreement with
Slide 5: Measures of Success
Measures of Increase Long-Term Revenue Continue to execute renewals and new customer agreements that will Success increase our annual revenue over the long-term IP Portfolio Growth Grow patent portfolio through focused organic R&D and strategic inorganic investments Deleverage our Balance Sheet S to
Slide 6: Q2 2024 Results
Q2 2024 Results Q2’24 Q2’24 Category (in millions) GAAP NON-GAAP Revenue $87.4 $87.4 Operating expenses $63.7 $35.1 Interest expense $13.3 $13.3 Other income, net $1.4 $1.4 Loss on debt extinguishment $0.5 - Income tax expense $2.9 $9.3 Net income $8.4 $31.1 Adjusted EBITDA N/A $52.8 Diluted shares
Slide 7: FY 2024 Outlook
FY 2024 Outlook Category (in millions, except tax rate) FY’24 GAAP Outlook FY’24 Non-GAAP Outlook Revenue $380.0 – 420.0 $380.0 – 420.0 Operating expenses $249.0 – 263.0 $145.0 – 155.0 Interest expense $52.0 – 55.0 $52.0 – 55.0 Other income $5.0 – 6.0 $5.0 – 6.0 Tax rate 15% – 30% 23% Net income $71
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 Over 11,500 patent assets provide Ongoing innovations drive growth Focused investments in inn
Slide 9: Question & Answer
adeia Question & ba Answer
Slide 10: Thank you!
Thank you! 10