BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

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<li>ADEA managed to sign ten license agreements in the fourth quarter resulting in revenue growing. ADEA had indicated there were two deals that had spilled over into the fourth quarter</li>
<li>ADEA's management has yet to reach the comfort level of moving the annual baseline revenue higher, but the ongoing pipeline of potential license deal could push 2023 revenue above guidance</li>
<li>ADEA reported fourth quarter revenue of $103.3 million compared to our estimate of $99.1 million. The increase in revenue resulted in adjusted EBITDA of $74.9 million</li>
</ul>


ADEA managed to sign ten license agreements in the fourth quarter resulting in revenue growing. ADEA had indicated there were two deals that had spilled over into the fourth quarter
ADEA's management has yet to reach the comfort level of moving the annual baseline revenue higher, but the ongoing pipeline of potential license deal could push 2023 revenue above guidance
ADEA reported fourth quarter revenue of $103.3 million compared to our estimate of $99.1 million. The increase in revenue resulted in adjusted EBITDA of $74.9 million


Adeia

ADEA: Signing Deals and Generating Cash