Adeia Updates Executive Team, Craig Mitchell Returns as Chief Semiconductor Officer
Adeia announced updates to its executive leadership team. Craig Mitchell has rejoined Adeia as chief semiconductor officer, where he will lead the company's semiconductor technology research and development organization. In this role, Mitchell is responsible for shaping Adeia's long-term semiconductor technology vision. Mitchell was previously chief executive officer and board director at Akhan Semiconductor. Mark Kokes, appointed chief revenue officer, will oversee Adeia's global sales and go-to-market strategy, including managing the company's intellectual property portfolio and revenue-generation activities. Kokes has successfully led media sales and strategy team since the separation. Bill Thomas, named to a new position within the organization as chief strategy officer, will lead corporate strategy, including long-term planning, market analysis, and growth initiatives. Adeia also announced that Dana Escobar, chief licensing officer and general manager, semiconductor, will be transitioning out of the organization.
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Adeia Inc. Raises 2025 Financial Outlook, Shares Surge 30.15%
- Significant Stock Surge: Adeia Inc. shares surged 30.15% to close at $16.62, rising $3.85 from an opening price of $13.80, indicating strong investor confidence in the company's future prospects.
- Upgraded Financial Outlook: The company raised its 2025 revenue guidance to approximately $425 million to $435 million, significantly up from previous forecasts of $360 million to $380 million, reflecting the successful execution of a long-term media intellectual property licensing agreement with Disney.
- Improved Profitability: Adeia's expected net income range has been boosted to about $96.4 million to $113.9 million, with adjusted EBITDA projected at roughly $257.1 million to $265.1 million, indicating enhanced competitiveness and profitability in the market.
- Surge in Trading Volume: Following the outlook update, Adeia experienced a notable increase in trading volume, demonstrating strong investor interest in the company's strategic announcements, which further propelled the stock price upward.






