Xperi Inc - XPER STOCK NEWS

Xperi Holding Corporation (NASDAQ: XPER) has raised its 2022 revenue and operating cash flow guidance by $10 million, primarily due to resolving a contract dispute with a significant customer. The updated revenue range is now between $920 million and $960 million, up from the previous $910 million to $950 million. Operating cash flow guidance has also been adjusted to $210 million to $240 million, previously $200 million to $230 million. The settlement provides an upfront payment and future licensing fees, enhancing Xperi's financial outlook amid market challenges.

Adeia, the IP licensing brand of Xperi (NASDAQ: XPER), announced a ruling from the Federal Court of Canada favoring Videotron, deeming four patents invalid. Despite this unfavorable decision, Adeia maintains that it has no impact on its 2022 financial guidance, and the company is considering an appeal. The patents in question constitute a small segment of Adeia's portfolio of nearly 10,000 patents. The company remains optimistic about ongoing licensing efforts across the industry, including a continuing lawsuit against Videotron regarding other patents.

Xperi Holding Corporation (NASDAQ: XPER) has appointed Paul E. Davis as the Chief Executive Officer of Adeia, the company's intellectual property business, effective upon its separation as a standalone entity later this fall. Mr. Davis, who has served as Chief Legal Officer, will continue in this role prior to the split. The Board of Directors expressed strong confidence in his leadership for Adeia's future. Mr. Davis aims to enhance Adeia's position as a leader in IP licensing through innovation and expansion post-separation.

Xperi Holding Corporation (NASDAQ: XPER) will participate in the 19th Annual Craig-Hallum Institutional Investor Conference on June 1, 2022. CEO Jon Kirchner and CFO Robert Andersen will be available for investor meetings, including one-on-one sessions. Xperi is known for developing technologies that enhance entertainment experiences, with its brands such as Adeia, DTS, HD Radio, IMAX Enhanced, and TiVo integrated into billions of devices worldwide. This participation signifies Xperi's commitment to maintaining investor relations and showcasing its innovative offerings.

Xperi Holding Corporation (NASDAQ: XPER) has integrated ARD's public broadcasting stations into its DTS AutoStage platform, enhancing in-vehicle entertainment for over 52 million listeners in Germany. This collaboration aims to deliver immersive content, including artist information, while maintaining editorial control for broadcasters. DTS AutoStage, which supports radio services globally, now boasts partnerships with major broadcast groups and operates in 60 countries, offering a comprehensive radio listening experience. The platform is designed for seamless content delivery and is already utilized in vehicles like the latest Mercedes-Benz models.

SkyWater Technology (NASDAQ: SKYT) has partnered with Xperi Holding Corporation (NASDAQ: XPER) to license Adeia's advanced hybrid bonding technology. This agreement will enhance SkyWater's heterogeneous integration solutions, crucial for the evolving semiconductor industry focused on 3D packaging technologies. The hybrid bonding technology supports growing market demands, estimated to reach $8B by 2027, catering to sectors like aerospace, automotive, and IoT. SkyWater aims to streamline production processes while ensuring robust IP protection.

Xperi Holding Corporation (NASDAQ: XPER) reported first quarter 2022 revenue of $257.4 million, a 16% increase from $221.6 million in Q1 2021, driven by a Micron agreement. GAAP earnings per share rose to $0.24 from $0.05 year-over-year. The company reaffirmed its full-year revenue outlook of $910M to $950M. Key highlights included licensing agreements with major players like Micron and BMW, and increased product revenues from IPTV and consumer electronics. Xperi is on track to separate its product and IP businesses in the fall for potential long-term value creation.

Xperi Holding Corporation (NASDAQ: XPER) announced a technology transfer agreement with LAPIS Technology, a ROHM Group subsidiary, involving Adeia’s DBI® Ultra die-to-wafer hybrid bonding technology. This collaboration aims to enhance LAPIS's product offerings, enabling the development of advanced application-specific standard products (ASSPs) and custom large-scale integration (LSI) ASICs. Both companies look forward to a mutually beneficial partnership that leverages their combined expertise in semiconductor technology.

Xperi Holding Corporation (NASDAQ: XPER) will announce its financial results for the first quarter ended March 31, 2022, on May 9, 2022, after market close. An earnings conference call will be held at 2 p.m. PDT (5 p.m. EDT) on the same day. U.S. callers can dial 888-220-8474 and international callers can reach +1 646-828-8193 with Conference ID: 5945774. Participants should dial in 15 minutes prior to the call. Access to the webcast is available at the provided link for the Q1 2022 Earnings Call.