Slide 1: Q4 2024 Earnings
Q4 2024 Earnings February 18, 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 Record post-separation revenue of $119.2 million, record operating cash flow of $107.5 million, non-GAAP operating margin of 67% and adjusted Business EBITDA of $80.3 million Highlights Closed 10 deals including 4 new deals and 6 renewals across multiple verticals, including OTT, consumer ele
Slide 4: Q4 2024 Deal Momentum
Q4 2024 Signed a significant new multi-year license agreement with Amazon, a top three OTT provider, for access to our media portfolio Deal Momentum Signed multi-year renewals with Roku and Sharp for access to our media portfolio Signed a new multi-year license with Canon for access to our media por
Slide 5: FY 2024 Highlights
FY 2024 Signed 32 deals in 2024, including with Amazon, LG Electronics, Roku, Liberty Global, Canon, Panasonic, Sharp, Vizio, X Corp. and Hamamatsu Highlights Revenue of $376.0 million, EBITDA of $234.3 million Paid down $114.2 million of debt, paid S $21.8 million in dividends and repurchased over
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: Q4 and Full-Year 2024 Results
Q4 and Full-Year 2024 Results Q4’24 Q4’24 FY’24 FY’24 Category (in millions) GAAP NON-GAAP GAAP NON-GAAP Revenue $119.2 $119.2 $376.0 $376.0 Operating expenses $61.7 $39.4 $247.4 $143.8 Interest expense $12.3 $12.3 $52.5 $52.5 Other income, net $1.3 $1.3 $5.6 $5.6 Loss on debt extinguishment $0.0 $0
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 $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 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 Approximately 12,250 patent assets Ongoing innovations drive growth Focused investments in in
Slide 10: Question & Answer
Question & Answer 10
Slide 11: Thank you!
Thank you! 11