Adeia Inc Stock Price, News & Analysis

Adeia Inc. (Nasdaq: ADEA) has signed a long-term licensing agreement with Kioxia Corporation, a leader in flash memory and solid-state drives, for Adeia's semiconductor patent portfolio, including hybrid bonding technologies. This partnership highlights the significant value of Adeia's intellectual property in the semiconductor industry. With over 30 years of innovation, Adeia's extensive portfolio covers hybrid bonding, semiconductor packaging, and processing technologies, supporting growth and development in the sector. The agreement is a key strategic move, enhancing Adeia's position in the market.

Adeia Inc. (Nasdaq: ADEA) announced a long-term licensing agreement with Western Digital (Nasdaq: WDC) for its semiconductor patent portfolio, particularly focusing on hybrid bonding technologies. This partnership underscores Adeia's significant role in the semiconductor industry, where it continues to innovate and develop foundational technologies over the past 30 years. With a robust portfolio covering semiconductor packaging and processing, Adeia aims to enhance data storage solutions, reflecting its commitment to advancing industry standards. This agreement highlights the enduring value of Adeia’s intellectual property within a vital sector.

Adeia Inc. (Nasdaq: ADEA) has announced a multi-year extension of its licensing agreement with Verizon (NYSE, Nasdaq: VZ) for its media patent portfolio. This extension underscores the value of Adeia’s intellectual property, crucial in the U.S. pay-TV market. Adeia has invested decades in research and development, enabling innovative solutions for digital entertainment. The company’s technology enhances users' content management experiences across various devices. This partnership with one of the largest U.S. communications providers reflects Adeia's commitment to developing essential innovations in entertainment technology.

Adeia reported robust financial results for Q4 and full year 2022, demonstrating strong momentum across diverse licensing agreements. Total revenue for Q4 reached $103.3 million, a 15% increase from the previous year, while full-year revenue was $438.9 million, up 12%. The company achieved a GAAP diluted EPS of $0.65 in Q4 and adjusted EBITDA of $74.9 million. Key contracts included license renewals with Samsung and Altice. Adeia projects 2023 revenue between $385 million and $415 million while maintaining operating expenses in the $253 million to $267 million range.

Xperi Inc. reported strong financial performance in Q4 2022, achieving $136M in revenue, a 9% increase year-over-year, and a full-year revenue of $502M, up 3%. Despite a net loss of ($297M) for Q4, the non-GAAP net income stood at $4M. The company celebrated significant design wins, including TiVo's integration in Smart TVs and a new Connected Car platform with a major European automaker. Xperi ended 2022 with over $300M in committed business for Connected Car ventures. For 2023, the company forecasts revenue between $510M and $540M and aims for an adjusted EBITDA margin of 6% to 10%.

Adeia Inc. (Nasdaq: ADEA) announced an early renewal agreement with Altice USA to extend their license for Adeia's media intellectual property (IP) portfolio. This renewal supports Altice's Optimum services, enhancing customer satisfaction through improved content discovery and navigation. Adeia emphasizes its role as an innovation leader in the media and entertainment sector, continuously investing in R&D to advance user experiences. Altice, serving nearly five million customers, benefits from this partnership by enhancing its service offerings in a competitive pay-TV market.

Adeia Inc. (Nasdaq: ADEA) has announced a licensing agreement with Qorvo for its hybrid bonding technology, aimed at advancing 3D semiconductor architectures. This technology is expected to optimize the RF front-end devices, enhancing performance and functionality in smaller packages. Adeia boasts a robust intellectual property portfolio in the semiconductor sector, reflecting its three decades of innovation. As the semiconductor industry shifts toward more compact solutions, this partnership positions Adeia favorably within that trend.

Adeia Inc. (Nasdaq: ADEA) will release its financial results for Q4 and the full year ending December 31, 2022, on February 22, 2023, after market close. An earnings conference call will follow at 2:00 PM PT. Investors can join via U.S. at 877-451-6152 or internationally at 201-389-0879. The company encourages participants to dial in 15 minutes early. The call will also be available through a webcast. A replay will be accessible until March 8, 2023.

Adeia Inc. (Nasdaq: ADEA) has announced a multi-year renewal of its licensing agreement with Fetch TV, a prominent content aggregation platform in Australia. This agreement solidifies Adeia's media intellectual property portfolio's value in a growing market. Fetch TV aims to enhance user experience by integrating advanced technologies from Adeia, catering to the increasing demand for diverse content services. Adeia's innovations have been pivotal in shaping modern entertainment experiences, reflecting the company's commitment to research and development across the media industry.