Adeia Inc. · NASDAQ:ADEA
Adeia — Q1 2024 Earnings Presentation
10 slides from Adeia's earnings presentation, May 6, 2024
Slide 1: Q1 2024 Earnings
Q1 2024 Earnings May 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: Q1 2024 Highlights
Q1 2024 Closed 10 deals including 2 with new customers and 8 renewals Highlights Agreements with a broad mix of customers in Pay-TV, OTT, semiconductor and consumer electronics in the United States, Europe, Japan and South Korea Revenue of $83.4 million, adjusted EBITDA of $50.0 million, cash from S
Slide 4: Deal Momentum
Deal Signed a multi-year renewal with Paramount, a leading OTT provider Momentum Signed multi-year renewal with Altimedia, a user experience (UX) platform provider in South Korea Signed long-term agreements with two new Pay-TV customers; Astound S Broadband in the United States and Magenta Telekom i
Slide 5: Measures of Success
Measures of Increase Long-Term Revenue Continue to execute renewals and new customer agreements Success that will 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 Co
Slide 6: Q1 2024 Results
Q1 2024 Results Q1’24 Q1’24 Category (in millions) GAAP NON-GAAP Revenue $83.4 $83.4 Operating expenses $64.0 $33.9 Interest expense $14.2 $14.2 Other income, net $1.4 $1.4 Income tax expense $5.7 $8.4 Net income $0.9 $28.3 Adjusted EBITDA N/A $50.0 Diluted shares outstanding 113.0 113.0 • See table
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 $254.0 – 268.0 $150.0 – 160.0 Interest expense $54.0 – 57.0 $54.0 – 57.0 Other income $5.0 – 6.0 $5.0 – 6.0 Tax rate 15% – 30% 23% Net income $65
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 11,000 patent assets provide Ongoing innovations drive growth Focused investments in inn
Slide 9: Question & Answer
Question & Answer 9
Slide 10: Thank you!
Thank you! 10