Slide 1: Q3 2024 Earnings
Q3 2024 Earnings November 7, 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: Recent Business Highlights
Recent Filed patent infringement litigation against The Walt Disney Company and Business certain of its subsidiaries, including Hulu and ESPN Highlights Signed a new multi-year license agreement with a luxury retailer, representing early success in e-commerce S Signed 7 deals during the third quarte
Slide 4: Deal Momentum
Deal Signed a multi-year renewal with LG Electronics for access to our Momentum media portfolio, extending our 25+ year relationship Signed a multi-year renewal with VIZIO, a leading smart TV brand, for access to our media portfolio Signed a long-term renewal with Liberty Global, a European pay-TV S
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: Q3 2024 Results
Q3 2024 Results Q3’24 Q3’24 Category (in millions) GAAP NON-GAAP Revenue $86.1 $86.1 Operating expenses $57.9 $35.3 Interest expense $12.8 $12.8 Other income, net $1.4 $1.4 Income tax expense (benefit) $(2.5) $9.0 Net income $19.3 $30.4 Adjusted EBITDA N/A $51.3 Diluted shares outstanding 113.1 113.
Slide 7: FY 2024 Outlook
FY 2024 Outlook Category (in millions, except tax rate) FY’24 GAAP Outlook FY’24 Non-GAAP Outlook Revenue $370.0 – 400.0 $370.0 – 400.0 Operating expenses $246.0 – 254.0 $144.0 – 148.0 Interest expense $52.0 – 53.0 $52.0 – 53.0 Other income $5.5 – 6.0 $5.5 – 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 11,750 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