Xperi Inc. Announces First Quarter 2024 Results

$XPER
Computer Software: Prepackaged Software
Technology
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Additional Japanese Global Brand to Launch TVs Powered by TiVo Ahead of UEFA Euro 2024

Video-over-Broadband (IPTV) Surpasses Two Million Subscribers

Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced first quarter 2024 financial results for the three-month period ended March 31, 2024.

"Entering our second full year as an independent company, we continued to advance our transformation, delivered solid financial results across our key growth areas, and made progress on several strategic initiatives. While revenue was down year over year due in part to the impact of the AutoSense and imaging divestiture, we saw strong growth in connected car, media platform, and video-over-broadband, which are our most attractive opportunities. As we focus on executing our independent media platform strategy to drive profitable growth, we are taking steps to further reduce expenses as part of our ongoing business transformation," said Jon Kirchner, chief executive officer of Xperi.

Mr. Kirchner continued, "We expect the next several quarters will be an exciting time for Xperi as our TiVo OS footprint begins to scale, our video-over-broadband offering continues to grow at double digit rates, and our connected car deployments accelerate. We believe we are on track to achieve the multi-year targets we announced in Sept. 2022, as these growth drivers and the continued execution of our strategy set the stage for significant long-term revenue growth and margin expansion."

Financial Highlights

GAAP Highlights ($ millions, except per share data)

Q1 FY24

Q1 FY23

Revenue

$118.8

$126.82

GAAP Operating Loss

($32.3)

($33.6)

GAAP Net Loss

($13.4)

($32.9)

GAAP Loss per Share attributable to Xperi

($0.29)

($0.76)

 

 

Non-GAAP1 Highlights ($ millions, except per share data)

Q1 FY24

Q1 FY23

Revenue

$118.8

$126.82

Non-GAAP Operating Income/(Loss)

($0.9)

$0.9

Adjusted EBITDA

$5.4

$6.8

Non-GAAP Earnings/(Loss) per Share attributable to Xperi

($0.05)

$0.04

1

 

For further information on supplemental non-GAAP metrics, refer to the "Non-GAAP Financial Measures" and GAAP to non-GAAP

 

 

Reconciliations provided in the financial statement tables included in this press release.

2

 

The contribution from AutoSense and the related imaging business accounted for $4.5 million of revenue in Q1 2023.

Recent Key Operating Achievements

Media Platform

  • An additional global Japanese brand is expected to launch smart TVs "Powered by TiVo" in retail stores across Europe and the U.K. prior to UEFA Euro 2024, which is scheduled to begin on June 14.
  • Argos, a major U.K. retailer, is deploying the TiVo operating system in their "Bush" house brand of smart TVs. These "Powered by TiVo" TVs are available online and in stores now and are one of the first to incorporate Freely, the new U.K. streaming service delivering live TV over broadband.
  • Vestel is now shipping smart TVs "Powered by TiVo" across most major European countries, under a dozen different brands.

Connected Car

  • HD Radio continues to increase its penetration and is now a standard feature in 58% of all vehicles built for the North American market in 2023, up from 52% in 2021.
  • Hyundai and Genesis have now made Xperi's HD Radio a standard feature across their North American models.
  • DTS AutoStage is now deployed in more than six million vehicles worldwide – a 50% increase since August 2023 – and DTS AutoStage Video Service, Powered by TiVo, is now deployed in hundreds of thousands of cars across seven countries.

Pay TV

  • Ended Q1 2024 with over 2 million video-over-broadband ("IPTV") subscriber households, continuing the streak of consecutive quarters of double-digit year-over-year subscriber growth. The video-over-broadband subscriber count has nearly doubled since the separation in Oct. 2022.
  • Expanded TiVo Broadband with the signing of three new operators in the quarter: Midco, Bluepeak and Buckeye Broadband. This brings the total number of broadband providers to seven, representing a total serviceable available market of over one million U.S. households for potential monetization.

Consumer Electronics

  • Disney+, in collaboration with IMAX and DTS, announced the global streaming premiere of "Queen Rock Montreal," the most successful IMAX concert film ever, featuring immersive sound from DTS. In addition, Disney+ announced that 18 fan-favorite Marvel films are also expected to be available for streaming in the IMAX Enhanced format with DTS:X immersive sound.
  • Completed several DTS:X license renewals with major consumer electronics manufacturers, including Hisense, Xiaomi and TCL.
  • Signed two new DTS:X decoder license agreements with major global PC manufacturers, ASUS and MSI, to integrate our decoder onto their motherboards.

Perceive

  • The strategic review, led by the Board of Directors with the assistance of Centerview Partners, is progressing and expected to be completed by the end of summer 2024.
  • Perceive continues to generate revenue, has significantly reduced its cash burn, and remains on track to deliver technology to a big tech partner for product commercialization, while also advancing efforts on large language model compression.

Financial Outlook

The Company reaffirms its outlook for fiscal year 2024:

Category

GAAP Outlook

Non-GAAP Outlook

Revenue

$500M to $530M

$500M to $530M

Adjusted EBITDA Margin1,2

n/a

12% to 14%

1

 

See discussion of "Non-GAAP Financial Measures" below.

2

 

With respect to Adjusted EBITDA Margin, the Company has determined that it is unable to provide a quantitative reconciliation of this forward-looking non-GAAP measure to the most directly comparable forward-looking GAAP measure with a reasonable degree of confidence in its accuracy without unreasonable effort, as items including restructuring and impacts from discrete tax adjustments and tax law changes are inherently uncertain and depend on various factors, many of which are beyond the Company's control.

Conference Call Information

The Company will hold its first quarter 2024 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Wednesday, May 8, 2024. To access the call toll-free, please dial 1-888-596-4144, otherwise dial 1-646-968-2525. The conference ID is 5483252. All participants should dial in 15 minutes prior to the start of the call using the conference ID listed above. Alternatively, the call can be accessed via the following webcast link: Q1 2024 Earnings Call Webcast.

Safe Harbor Statement

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitation, anticipated revenue growth and Adjusted EBITDA margin growth, the deployment by third parties of their products that use our technology, objectives for future operations, and ongoing strategies and operating initiatives, including, without limitation, expansion expectations, reduction of expenses and our pursuit of strategic alternatives for Perceive. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company's current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words "expect," "anticipate," "intend," "plan," "believe," "could," "seek," "see," "will," "may," "would," "might," "potentially," "estimate," "continue," "expect," "target," and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the "SEC") and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

About Xperi Inc.

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands DTS®, HD Radio™, TiVo®, and by its startup, Perceive, are integrated into billions of consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences. Additionally, Xperi delivers solutions through partnerships, including IMAX® Enhanced, a certification and licensing program operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers driving increased value for partners and customers.

©2024 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio, DTS Play-Fi, Perceive and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX Corporation. All other trademarks and content are the property of their respective owners.

Non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), the Company's press release contains non-GAAP financial measures adjusted for either one-time or ongoing non-cash acquired intangibles amortization charges; amortization of capitalized cloud computing costs; costs related to actual or planned acquisitions, financing, and divestitures including, without limitation, transaction fees, integration costs, severance, facility closures, and retention bonuses; restructuring costs; separation costs; all forms of stock-based compensation; impairment of assets and goodwill; other items not indicative of our ongoing operating performance, and related tax effects for each adjustment. Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company's ongoing business and financial performance and provide a better understanding of our core operating results reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the tables attached hereto. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis.

Set forth below are reconciliations of the Company's reported GAAP to non-GAAP financial measures.

XPER-E

XPERI INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Revenue

 

$

118,844

 

 

$

126,839

 

Operating expenses:

 

 

 

 

 

 

Cost of revenue, excluding depreciation and amortization of intangible assets

 

 

29,756

 

 

 

27,792

 

Research and development

 

 

50,439

 

 

 

54,856

 

Selling, general and administrative

 

 

56,353

 

 

 

57,776

 

Depreciation expense

 

 

3,584

 

 

 

4,093

 

Amortization expense

 

 

11,039

 

 

 

14,827

 

Impairment of long-lived assets

 

 

-

 

 

 

1,096

 

Total operating expenses

 

 

151,171

 

 

 

160,440

 

Operating loss

 

 

(32,327

)

 

 

(33,601

)

Interest and other income, net

 

 

1,042

 

 

 

1,108

 

Interest expense—debt

 

 

(748

)

 

 

(740

)

Gain on divestiture

 

 

22,934

 

 

 

-

 

Loss before taxes

 

 

(9,099

)

 

 

(33,233

)

Provision for (benefit from) income taxes

 

 

4,272

 

 

 

(294

)

Net loss

 

 

(13,371

)

 

 

(32,939

)

Less: net loss attributable to noncontrolling interest

 

 

(251

)

 

 

(939

)

Net loss attributable to the Company

 

$

(13,120

)

 

$

(32,000

)

Net loss per share attributable to the Company - basic and diluted

 

$

(0.29

)

 

$

(0.76

)

Weighted-average number of shares used in net loss per share calculations - basic and diluted

 

 

44,521

 

 

 

42,224

 

XPERI INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

ASSETS

 

 

 

 

 

 

Current assets:

 

 

 

 

 

 

Cash and cash equivalents

 

$

95,216

 

 

$

142,085

 

Accounts receivable, net

 

 

63,650

 

 

 

55,984

 

Unbilled contracts receivable, net

 

 

70,363

 

 

 

64,114

 

Prepaid expenses and other current assets

 

 

42,889

 

 

 

38,874

 

Assets held for sale

 

 

-

 

 

 

15,860

 

Total current assets

 

 

272,118

 

 

 

316,917

 

Note receivable, noncurrent

 

 

27,676

 

 

 

-

 

Deferred consideration from divestiture

 

 

6,016

 

 

 

-

 

Unbilled contracts receivable, noncurrent

 

 

16,117

 

 

 

18,231

 

Property and equipment, net

 

 

41,712

 

 

 

41,569

 

Operating lease right-of-use assets

 

 

36,360

 

 

 

39,900

 

Intangible assets, net

 

 

195,894

 

 

 

206,895

 

Deferred tax assets

 

 

4,893

 

 

 

5,093

 

Other noncurrent assets

 

 

29,604

 

 

 

32,781

 

Assets held for sale, noncurrent

 

 

-

 

 

 

12,249

 

Total assets

 

$

630,390

 

 

$

673,635

 

LIABILITIES AND EQUITY

 

 

 

 

 

 

Current liabilities:

 

 

 

 

 

 

Accounts payable

 

$

19,706

 

 

$

20,849

 

Accrued liabilities

 

 

83,502

 

 

 

109,961

 

Deferred revenue

 

 

26,327

 

 

 

28,111

 

Liabilities held for sale

 

 

-

 

 

 

6,191

 

Total current liabilities

 

 

129,535

 

 

 

165,112

 

Long-term debt

 

 

50,000

 

 

 

50,000

 

Deferred revenue, noncurrent

 

 

22,704

 

 

 

19,425

 

Operating lease liabilities, noncurrent

 

 

26,795

 

 

 

30,598

 

Deferred tax liabilities

 

 

7,006

 

 

 

6,983

 

Other noncurrent liabilities

 

 

12,593

 

 

 

4,577

 

Liabilities held for sale, noncurrent

 

 

-

 

 

 

9,805

 

Total liabilities

 

 

248,633

 

 

 

286,500

 

Equity:

 

 

 

 

 

 

Common stock

 

 

45

 

 

 

44

 

Additional paid-in capital

 

 

1,221,709

 

 

 

1,212,501

 

Accumulated other comprehensive loss

 

 

(4,040

)

 

 

(2,865

)

Accumulated deficit

 

 

(818,568

)

 

 

(805,448

)

Total Company stockholders' equity

 

 

399,146

 

 

 

404,232

 

Noncontrolling interest

 

 

(17,389

)

 

 

(17,097

)

Total equity

 

 

381,757

 

 

 

387,135

 

Total liabilities and equity

 

$

630,390

 

 

$

673,635

 

XPERI INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Cash flows from operating activities:

 

 

 

 

 

 

Net loss

 

$

(13,371

)

 

$

(32,939

)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

 

 

Gain from divestiture

 

 

(22,934

)

 

 

-

 

Depreciation of property and equipment

 

 

3,584

 

 

 

4,093

 

Amortization of intangible assets

 

 

11,039

 

 

 

14,827

 

Stock-based compensation expense

 

 

14,757

 

 

 

15,968

 

Impairment of long-lived assets

 

 

-

 

 

 

1,096

 

Deferred income taxes

 

 

223

 

 

 

(200

)

Other

 

 

313

 

 

 

1,000

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

Accounts receivable

 

 

(10,521

)

 

 

(6,019

)

Unbilled contracts receivable

 

 

(4,324

)

 

 

(9,124

)

Prepaid expenses and other assets

 

 

(2,788

)

 

 

(5,709

)

Accounts payable

 

 

(821

)

 

 

(1,108

)

Accrued and other liabilities

 

 

(26,427

)

 

 

(23,855

)

Deferred revenue

 

 

1,483

 

 

 

(1,133

)

Net cash used in operating activities

 

 

(49,787

)

 

 

(43,103

)

Cash flows from investing activities:

 

 

 

 

 

 

Purchases of property and equipment

 

 

(1,845

)

 

 

(1,967

)

Capitalized internal-use software

 

 

(2,603

)

 

 

(1,894

)

Purchases of intangible assets

 

 

(39

)

 

 

(68

)

Net cash used in divestiture

 

 

(227

)

 

 

-

 

Net cash used in investing activities

 

 

(4,714

)

 

 

(3,929

)

Cash flows from financing activities:

 

 

 

 

 

 

Withholding taxes related to net share settlement of equity awards

 

 

(4,671

)

 

 

(2,917

)

Net cash used in financing activities

 

 

(4,671

)

 

 

(2,917

)

Effect of exchange rate changes on cash and cash equivalents

 

 

(46

)

 

 

518

 

Net decrease in cash and cash equivalents

 

 

(59,218

)

 

 

(49,431

)

Cash and cash equivalents at beginning of period

 

 

154,434

 

(1)

 

160,127

 

Cash and cash equivalents at end of period

 

$

95,216

 

 

$

110,696

 

(1) Including $12,349 classified as held for sale at December 31, 2023

 

 

 

 

 

 

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands, except per share amounts)

(unaudited)

 

Net (loss) income attributable to the Company:

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

GAAP net loss attributable to the Company

 

$

(13,120

)

 

$

(32,000

)

 

 

 

 

 

 

 

Adjustments to GAAP net loss attributable to the Company:

 

 

 

 

 

 

Stock-based compensation(1)

 

 

14,757

 

 

 

15,968

 

Amortization of intangible assets

 

 

11,039

 

 

 

14,827

 

Impairment of long-lived assets

 

 

-

 

 

 

1,096

 

Gain on divestiture

 

 

(22,934

)

 

 

-

 

Transaction, separation, integration and restructuring related costs:

 

 

 

 

 

 

Transaction, separation, integration and restructuring costs(2)

 

 

3,162

 

 

 

1,284

 

Severance and retention(3)

 

 

2,904

 

 

 

1,356

 

Non-GAAP tax adjustment(4)

 

 

2,148

 

 

 

(792

)

Non-GAAP net (loss) income attributable to the Company

 

$

(2,044

)

 

$

1,739

 

 

 

 

 

 

 

 

(1) Stock-based compensation included in above line items:

 

 

 

 

 

 

Cost of revenue, excluding depreciation and amortization of intangible assets

 

$

744

 

 

$

792

 

Research and development

 

$

4,333

 

 

$

5,551

 

Selling, general and administrative

 

$

9,680

 

 

$

9,625

 

(2) Transaction, separation, integration and restructuring related costs included in above line items:

 

 

 

 

 

 

Cost of revenue, excluding depreciation and amortization of intangible assets

 

$

(1

)

 

$

-

 

Research and development

 

$

(3

)

 

$

-

 

Selling, general and administrative

 

$

2,760

 

 

$

1,284

 

Interest and other income, net

 

$

406

 

 

$

-

 

(3) Severance and retention included in above line items:

 

 

 

 

 

 

Cost of revenue, excluding depreciation and amortization of intangible assets

 

$

485

 

 

$

37

 

Research and development

 

$

2,244

 

 

$

773

 

Selling, general and administrative

 

$

175

 

 

$

546

 

(4) The provision for (benefit from) income taxes is adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments.

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per share attributable to the Company:

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

GAAP net loss per share attributable to the Company

 

$

(0.29

)

 

$

(0.76

)

 

 

 

 

 

 

 

Adjustments to GAAP loss per share attributable to the Company:

 

 

 

 

 

 

Stock-based compensation

 

 

0.33

 

 

 

0.38

 

Amortization of intangible assets

 

 

0.25

 

 

 

0.35

 

Gain on divestiture

 

 

(0.52

)

 

 

-

 

Impairment of long-lived assets

 

 

-

 

 

 

0.03

 

Transaction, separation, integration and restructuring related costs

 

 

0.13

 

 

 

0.06

 

Non-GAAP tax adjustment

 

 

0.05

 

 

 

(0.02

)

Non-GAAP net (loss) income per share attributable to the Company

 

$

(0.05

)

 

$

0.04

 

 

 

 

 

 

 

 

GAAP weighted average number of shares - diluted

 

 

44,521

 

 

 

42,224

 

Non-GAAP weighted average number of shares - diluted

 

 

44,521

 

 

 

47,411

 

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands)

(unaudited)

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

GAAP operating loss

 

$

(32,327

)

 

$

(33,601

)

Adjustments to GAAP operating loss:

 

 

 

 

 

 

Stock-based compensation

 

 

14,757

 

 

 

15,968

 

Amortization of intangible assets

 

 

11,039

 

 

 

14,827

 

Impairment of long-lived assets

 

 

-

 

 

 

1,096

 

Transaction, separation, integration and restructuring related costs:

 

 

 

 

 

 

Transaction, separation, integration and restructuring costs

 

 

2,756

 

 

 

1,284

 

Severance and retention

 

 

2,904

 

 

 

1,356

 

Non-GAAP operating (loss) income

 

$

(871

)

 

$

930

 

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands)

(unaudited)

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

GAAP net loss

 

$

(13,371

)

 

$

(32,939

)

Adjustments to GAAP net loss:

 

 

 

 

 

 

Interest expense

 

 

851

 

 

 

772

 

Provision for (benefit from) income taxes

 

 

4,272

 

 

 

(294

)

Stock-based compensation

 

 

14,757

 

 

 

15,968

 

Depreciation expense

 

 

3,584

 

 

 

4,093

 

Amortization of intangible assets

 

 

11,039

 

 

 

14,827

 

Amortization of capitalized cloud computing costs

 

 

1,141

 

 

 

615

 

Impairment of long-lived assets

 

 

-

 

 

 

1,096

 

Gain on divestiture

 

 

(22,934

)

 

 

-

 

Transaction, separation, integration and restructuring related costs:

 

 

 

 

 

 

Transaction, separation, integration and restructuring costs

 

 

3,162

 

 

 

1,284

 

Severance and retention

 

 

2,904

 

 

 

1,356

 

Non-GAAP adjusted EBITDA

 

$

5,405

 

 

$

6,778

 

 

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Recent Analyst Ratings for
$XPER

DatePrice TargetRatingAnalyst
6/13/2023$15.00Buy
Rosenblatt
10/11/2022$23.00Buy
Maxim Group
10/6/2022$30.00Top Pick
BWS Financial
8/2/2022$19.00Equal-Weight
Stephens
1/3/2022Buy → Top Pick
BWS Financial
8/19/2021$31.00Buy
Maxim Group
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$XPER
Press Releases

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  • Sharp Smart TVs Powered by TiVo™ Meet Consumer Demand for Easy Content Discovery

    Smart TVs Powered by TiVo place consumers at the center of the entertainment experience with a content-first approach New research shows that consumers are unaware of smart TV capabilities, highlighting unmet needs TiVo, a wholly-owned subsidiary of entertainment technology company Xperi Inc. (NYSE: XPER), is furthering its commitment to delivering exceptional entertainment experiences by transforming the smart TV landscape with the latest release of Sharp Smart TVs Powered by TiVo, available for purchase in the U.S. To ensure consumer demands are being met, Xperi surveyed 1,001 U.S.-based consumers to assess current feelings and perceptions towards smart TVs, as well as how consumers

    $XPER
    Computer Software: Prepackaged Software
    Technology
  • Xperi Inc. Announces Fourth Quarter and Full Year 2024 Results

    Sharp TVs with TiVo OS Have Launched in U.S. Market Achieved Video-Over-Broadband (IPTV) footprint of 2.6 million subscriber households and DTS AutoStage footprint of 10 million vehicles Doubled Year-over-Year Adjusted EBITDA Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced fourth quarter and full-year 2024 financial results for the period ended December 31, 2024. "We closed the 2024 fiscal year on a strong operational note, making significant strides in expanding our independent media platform footprint across Smart TV, connected car, and vi

    $XPER
    Computer Software: Prepackaged Software
    Technology
  • Xperi to Release Fourth Quarter and Full Year 2024 Results on February 26, 2025

    Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, will announce fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, following the close of market. The Company will host an earnings conference call at 2 p.m. PST (5 p.m. EST) that same day. To access the Company's earnings conference call:   U.S. callers, please dial toll-free:   1-888-596-4144   International callers, please dial:   +1 646-968-2525   Conference ID:   5483252 All participants should dial in 15 minutes prior to the start of

    $XPER
    Computer Software: Prepackaged Software
    Technology

$XPER
Analyst Ratings

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$XPER
Insider Purchases

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$XPER
Insider Trading

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SEC Filings

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$XPER
Leadership Updates

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  • Xperi Announces Appointment of Two New Independent Directors

    Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise

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    Catalog/Specialty Distribution
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    Services-Misc. Amusement & Recreation
  • KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

    NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S

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    Telecommunications Equipment
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    Computer Software: Prepackaged Software
    Technology
  • Xperi Mails Definitive Proxy Statement and Issues Letter to Stockholders Highlighting the Company's Transformation, Strategy and Business Progress

    Board Comments on Rubric Capital's Puzzling Campaign to Replace Two Directors Who Have Been Instrumental in Driving Xperi's Transformation Urges Stockholders to Vote on the BLUE Proxy Card FOR All Five of Xperi's Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today mailed definitive proxy materials to Xperi stockholders in connection with Xperi's 2024 annual meeting of stockholders, which is scheduled to be held on May 24, 2024 (the "Annual Meeting"). Stockholders as of the close of business on March 28, 2024 will be entitled to vote at this meeting.

    $XPER
    Computer Software: Prepackaged Software
    Technology

$XPER
Financials

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  • Xperi Inc. Announces Fourth Quarter and Full Year 2024 Results

    Sharp TVs with TiVo OS Have Launched in U.S. Market Achieved Video-Over-Broadband (IPTV) footprint of 2.6 million subscriber households and DTS AutoStage footprint of 10 million vehicles Doubled Year-over-Year Adjusted EBITDA Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced fourth quarter and full-year 2024 financial results for the period ended December 31, 2024. "We closed the 2024 fiscal year on a strong operational note, making significant strides in expanding our independent media platform footprint across Smart TV, connected car, and vi

    $XPER
    Computer Software: Prepackaged Software
    Technology
  • Xperi to Release Fourth Quarter and Full Year 2024 Results on February 26, 2025

    Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, will announce fourth quarter and full year 2024 financial results on Wednesday, February 26, 2025, following the close of market. The Company will host an earnings conference call at 2 p.m. PST (5 p.m. EST) that same day. To access the Company's earnings conference call:   U.S. callers, please dial toll-free:   1-888-596-4144   International callers, please dial:   +1 646-968-2525   Conference ID:   5483252 All participants should dial in 15 minutes prior to the start of

    $XPER
    Computer Software: Prepackaged Software
    Technology
  • Xperi Inc. Announces Third Quarter 2024 Results

    Approaching One Million Activated TiVo OS Smart TVs; On Track to Achieve Year-End Goal of Two Million Smart TVs Awarded DTS AutoStage Video Win with a Japanese Car Company Exceeded Year-End Target of 2.4M Video over Broadband Subscriber Households Closed Perceive Asset Sale for Gross Proceeds of $80 Million in Cash Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced third quarter 2024 financial results for the three-month period ended September 30, 2024. "With the Perceive transaction now closed, we are fully focused on entertainment-based solution

    $XPER
    Computer Software: Prepackaged Software
    Technology

$XPER
Large Ownership Changes

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