Slide 1: Q1 2025 Earnings
Q1 2025 Earnings May 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 $87.7 million and cash from operations of $57.1 million Business Highlights Executed on all four components of our balanced capital allocation approach, while ending the quarter with a stronger cash position Signed 10 license agreements across diverse verticals, including social S
Slide 4: Deal Momentum
Deal Signed new multi-year license agreements for access to our media portfolio with a leading social media company and a leading international Momentum multi-platform media company for their OTT offerings Signed a new long-term license agreement with a major U.S. professional sports league for acce
Slide 5: 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 6: Q1 2025 Results
Q1 2025 Results Q1’25 Q1’25 Category (in millions) GAAP NON-GAAP Revenue $87.7 $87.7 Operating expenses $64.9 $40.9 Interest expense $10.6 $10.6 Other income, net $1.7 $1.7 Income tax expense $2.1 $8.7 Net income $11.8 $29.2 Adjusted EBITDA N/A $47.3 Diluted shares outstanding 113.0 113.0 • See tabl
Slide 7: 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 $263.0 – 275.0 $166.0 – 174.0 Interest expense $41.0 – 43.0 $41.0 – 43.0 Other income $4.0 – 4.5 $4.0 – 4.5 Tax rate 15.0% – 30.0% 23.0% Net inco
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 12,750+ patent assets provide both Ongoing innovations drive growth Focused investments in in
Slide 9: Question & Answer
Question & Answer 9
Slide 10: Thank you!
Thank you! 10