Adeia Inc Intrinsic Value – ADEIA INC Reports Positive Q2 Earnings Results for FY2023
August 10, 2023
☀️Earnings Overview
On August 7 2023, ADEIA INC ($NASDAQ:ADEA) reported their financial results for the second quarter of FY2023, which ended on June 30 2023. The total revenue for the quarter was USD 83.2 million, a decrease of 64.4% from the same period in the previous fiscal year. Surprisingly, net income increased by 125.3% year over year, reaching a total of USD 1.4 million.
Stock Price
On Monday, ADEIA INC reported positive earnings results for the second quarter of FY2023, which saw its stock open at $11.6 and close at $11.7 – a 1.2% increase from its previous closing price of $11.5. Investors responded positively to the news and the company’s stock experienced a boost on the news. The positive earnings results demonstrate that ADEIA INC is financially healthy and well-positioned to continue to build on its success in the coming quarters. The company’s proactive management team have successfully implemented cost-cutting initiatives which have enabled the company to increase its profits and remain competitive in the market. ADEIA INC has also implemented various strategies to ensure continued growth in the future.
This includes the development of new products and services, as well as expanding into new markets. The company is optimistic that these initiatives will provide further returns in the coming quarters. Overall, these results demonstrate that the company is doing well and is in a good position to continue to grow and succeed. ADEIA INC is committed to providing quality products and services to its customers in a responsible manner, and it looks forward to further success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Adeia Inc. More…
| Total Revenues | Net Income | Net Margin |
| 393.11 | -284.76 | 26.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Adeia Inc. More…
| Operations | Investing | Financing |
| 188.06 | -69.12 | -332.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Adeia Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.12k | 799.59 | 3.03 |
Key Ratios Snapshot
Some of the financial key ratios for Adeia Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.9% | -20.2% | 32.1% |
| FCF Margin | ROE | ROA |
| 46.5% | 24.4% | 7.0% |
Analysis – Adeia Inc Intrinsic Value
At GoodWhale, we have performed an analysis of ADEIA INC‘s financials. Our proprietary Valuation Line has revealed that the intrinsic value of each ADEIA INC share is around $5.4. However, the current market price of a single ADEIA INC share is $11.7, suggesting that it is overvalued by 118.1%. More…
Peers
The competition between Adeia Inc and its competitors, Xperi Inc, Advanced Blockchain AG, and Vista Group International Ltd, is fierce as each company strives to stay ahead of the other in the ever-evolving market. All four companies have unique offerings and have made significant investments in their respective products and services in order to gain an edge over their competitors. The competition is sure to continue as the market continues to change and new technologies are introduced.
– Xperi Inc ($NYSE:XPER)
Vista Group International Ltd is an enterprise software company providing solutions to the global film industry. The company offers a range of products and services including movie management, ticketing and analytics. Vista Group’s market capitalization is currently 317.14M as of 2023, reflecting its strong presence in the film industry. Despite its success, the company’s Return on Equity (ROE) has been negative, with a value of -8.66%. This indicates that the company is not efficiently utilizing its shareholders’ equity and is not generating a sufficient return on their investments.
Summary
ADEIA INC‘s second quarter of FY2023 saw a sharp drop in total revenue, down 64.4% year on year. While this is a significant decrease, investors should take solace in the fact that net income rose significantly, totalling USD 1.4 million and representing a 125.3% increase year on year. This indicates that the company has managed to maintain profitability despite the revenue decrease. Investors should keep an eye on ADEIA INC to monitor whether the company can sustain its profits amid the challenging economic environment.
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