Adeia Inc. announced its financial results for the first quarter ended March 31, 2025, reporting revenue of $87.7 million, which was in line with expectations. The company generated $57.1 million in cash from operations during the quarter. Adeia closed 10 deals, continuing its momentum from the previous year, with four of these being new agreements in key growth areas such as social media, OTT, and semiconductors.
Adeia's worldwide patent portfolio now includes over 12,750 total patent assets, representing an impressive 32% increase since its separation over two years ago. This growth is primarily driven by the company's R&D teams, which are focused on groundbreaking innovations in emerging technologies, including AI, advanced semiconductors, and the future of entertainment. This expansion strengthens Adeia's competitive position.
The company executed on all elements of its balanced capital allocation approach, making $17.1 million in principal payments towards its term loan, reducing the outstanding balance to $470.0 million. Adeia also repurchased $10.0 million of its common stock, representing 759,724 shares, with $170.0 million remaining under its repurchase plan. The quarterly dividend of $0.05 per share was maintained, payable on June 17, 2025. Adeia reiterated its full-year 2025 outlook, supported by long-term license agreements and an expanding technology portfolio.
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