Every material Form 8-K Adeia filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Adeia reported third-quarter 2024 revenue of $86.1 million, down from $101.4 million a year earlier, and GAAP diluted EPS of $0.17, down from $0.21. It narrowed its full-year 2024 revenue outlook to $370 million-$400 million from $380 million-$420 million and lowered its GAAP net income outlook, which weighs on shareholders even though the board raised its share repurchase authorization to $200.0 million.
Q3 2024 revenue was $86.1 million, versus $101.4 million in Q3 2023 and $87.4 million in Q2 2024.
Q3 2024 GAAP diluted EPS was $0.17 (Q3 2023: $0.21); non-GAAP diluted EPS was $0.27 (Q3 2023: $0.38).
Full-year 2024 GAAP net income outlook was lowered to $65.9 million-$69.3 million from $71.4 million-$75.6 million.
The board raised the share repurchase authorization to $200.0 million in October, and declared a $0.05 per share dividend payable December 18, 2024.
Adeia reported second-quarter 2024 revenue of $87.4 million, up from $83.2 million a year earlier, and GAAP net income of $8.4 million, versus $1.4 million in the same quarter of 2024's prior year. The company kept its full-year revenue outlook of $380.0 to $420.0 million and raised its GAAP net income outlook to $71.4 to $75.6 million, citing lower operating expenses and interest expense.
Q2 2024 revenue was $87.4 million, up from $83.2 million in Q2 2023 and $83.4 million in Q1 2024.
GAAP diluted EPS was $0.07 versus $0.01 a year earlier; non-GAAP diluted EPS was $0.28 versus $0.26.
Full-year 2024 GAAP net income outlook updated to $71.4 to $75.6 million from $65.4 to $70.7 million; revenue outlook reiterated at $380.0 to $420.0 million.
Term loan repriced, lowering the interest rate by 61 basis points; the outstanding balance was $549.1 million as of June 30, 2024.
Adeia entered into Amendment No. 3 to its credit agreement on May 20, 2024, repricing its entire term loan balance through new Refinancing Term B Loans of $561,125,000. The loans carry a lower interest rate margin, a reduced excess cash flow mandatory payment threshold and mature on June 8, 2028, the same date as the prior term loans.
New Refinancing Term B Loans total $561,125,000, repricing the entire term loan amount
SOFR loan margin reduced to 3.00% per annum; base rate loan margin reduced to 2.00% per annum
A 1.00% prepayment premium applies to repricing transactions within six months of the amendment closing date
Loans mature June 8, 2028, unchanged from the existing term loans
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Adeia filing is on SEC EDGAR ↗. 8-K briefs of other companies →