ADEA Q1 2024 Earnings — Adeia Inc. Revenue & Financial Results | Market Cap Arena

ADEAAdeia Inc.

$3B

Q1 2024 Earnings

Technology Software - Application

Income Statement

Revenue

$83M-28.9% YoY

Gross Profit

$60M71.6% margin

Operating Income

$22M26.7% margin

Net Income

$899,0001.1% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

-4.0%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$58M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$729M

Stockholders' Equity

$350M

Cash & Equivalents

$58M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$83M	$117M	-28.9%
Gross Profit	$60M	$93M	-35.9%
Operating Income	$22M	$59M	-62.0%
Net Income	$899,000	$29M	-96.9%

Revenue Segments

Media Platform

$80M96%

Semiconductor

$3M4%

Geographic Segments

UNITED STATES

$68M82%

Asia

$10M11%

CANADA

$3M4%

Europe And Middle East

$2M2%

Other Asia

$451,0001%