Adeia (NASDAQ:ADEA) Full Year 2023 Results

Key Financial Results

• Revenue: US$388.8m (down 11% from FY 2022).
• Net income: US$67.4m (down 52% from FY 2022).
• Profit margin: 17% (down from 32% in FY 2022). The decrease in margin was primarily driven by lower revenue.
• EPS: US$0.63 (down from US$1.35 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Adeia Earnings Insights

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Following the latest earnings results, Adeia may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.