Adeia Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 83.41 million compared to USD 117.31 million a year ago. Net income was USD 0.899 million compared to USD 29.02 million a year ago.

Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.26 a year ago.