Welcome to our dedicated page for Adeia news (Ticker: $ADEA), a resource for investors and traders seeking the latest updates and insights on Adeia stock.
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Adeia Inc. announced its first quarter 2024 financial results, showcasing $67 million in cash generated from operations, deals with ten customers, and focused growth in key markets. Revenue was $83.4 million with GAAP EPS of $0.01 and non-GAAP EPS of $0.25. The company paid down $40 million of debt and distributed dividends to stockholders. Adeia reaffirmed its full-year 2024 outlook with revenue projections of $380-420 million.
Rubric Capital Management responds to Xperi Inc.'s amended investor presentation, highlighting the company's falsified version of performance and dilution issues, urging stockholders to vote for Rubric's nominees. Rubric criticizes Xperi's board members for presiding over significant losses and exemplifies the company's aggressive stock-based compensation practices. Rubric aims to restore accountability and performance culture through its director nominees.
Adeia Inc. (Nasdaq: ADEA) won the 'Achievement in Shoppable TV' award at the TV of Tomorrow Show for its 'Clickable Video' invention. The innovative functionality enables viewers to engage with products within video streaming content through AI-generated metadata. E-commerce providers can bid for visibility, offering products dynamically. Adeia's invention opens new monetization avenues for content creators in the global e-commerce market.
Adeia Inc. (Nasdaq: ADEA) has entered into a long-term IP license agreement with Astound Broadband, a major provider of digital TV, high-speed internet, and phone services in the US. The agreement allows Astound to license Adeia's media IP portfolio, enhancing their digital offerings to meet evolving consumer demands.