Xperi Inc - XPER STOCK NEWS

Xperi Holding Corporation (Nasdaq: XPER) reported Q4 2021 revenue of $214.4 million, down from $433.9 million in Q4 2020, primarily due to previous Comcast agreements. Despite this drop, revenue increased by over 2% when excluding Comcast. The company reported a GAAP loss per share of $(0.14) and non-GAAP earnings per share of $0.30. Notably, Xperi launched a new agreement with Micron and enhanced its IP licensing brand, “Adeia.” For 2022, revenue guidance is set between $910M to $950M.

Xperi Holding Corporation (NASDAQ: XPER) will announce its financial results for Q4 and the full year ended December 31, 2021 on February 23. An earnings conference call is set for 2 p.m. PST (5 p.m. EST) on the same day, with access details provided for both U.S. and international callers. Xperi's technologies enhance entertainment experiences and are integrated into billions of devices worldwide, supporting its brands including DTS, TiVo, and IMAX Enhanced.

Xperi Holding Corporation (NASDAQ: XPER) has announced a collaboration with TCL to integrate DTS Play-Fi technology in select products, enhancing home audio experiences. This partnership aims to offer consumers a wireless home entertainment system without the clutter of multiple connections. DTS Play-Fi supports high-resolution audio and multi-room setups, providing flexibility across various product categories. The collaboration is expected to broaden product options for consumers.

Xperi Holding Corporation (NASDAQ: XPER) will participate in the 24th Annual Needham Growth Conference, taking place virtually from January 10-14. CEO Jon Kirchner will engage in a fireside chat on January 13 at 7:45 a.m. PST / 10:45 a.m. EST. A live webcast will be accessible at this link, with an archive available for 90 days post-event. For more details or to request one-on-one meetings, please contact the hosting financial institution.

Xperi Holding Corporation (XPER) released its 2022 Vehicle Predictions report, revealing consumer apprehensions about autonomous vehicles. A survey of nearly 2,000 car owners shows 38% express interest in self-driving cars, but 69% currently distrust the technology. Despite safety concerns, 80% predict self-driving cars will be common in the future. The report highlights the anticipated growth of electric vehicles, with 34% believing EVs will outsell gasoline vehicles in five years. Consumers envision cars as multifunctional spaces, with flying cars potentially becoming a reality within a decade.

Xperi Holding Corporation (NASDAQ: XPER) launched the DTS AutoSense single camera solution at CES 2022, improving driver and occupancy sensing functionality while lowering integration costs. This technology addresses rising vehicle safety concerns and meets global regulatory standards. The solution enhances user experience through features like distraction detection and employs AI for reliability. During the event, Xperi emphasized the importance of in-cabin safety, aligning with consumer demand for safer vehicles as traffic accidents remain a leading cause of fatalities.

Xperi Holding Corporation (NASDAQ:XPER) announced the appointment of Tonia O’Connor to its Board of Directors, effective December 30, 2021. O’Connor brings extensive experience from the media and IP industries, having served as CEO of Chopra Global and previously at Univision Communications, where she managed a multi-billion-dollar portfolio. Her expertise is expected to strengthen Xperi's leadership. CEO Jon Kirchner expressed enthusiasm for her addition, citing her valuable background in technology and intellectual property negotiations.

Xperi Holding Corporation (NASDAQ: XPER) has announced a partnership with Vestel to incorporate DTS Play-Fi technology into Vestel's TVs. This collaboration aims to enhance the audio experience with features like surround sound and whole-home streaming, leveraging Play-Fi's capabilities over standard Wi-Fi. Vestel, a significant player in consumer electronics, will enable broader access to DTS Play-Fi's advanced audio technologies. This partnership is expected to increase consumer choice in the wireless audio market, benefiting both companies.

Xperi Holding Corporation (NASDAQ: XPER) released findings from a national survey indicating that 86% of consumers are more inclined to purchase vehicles with advanced safety-focused computer vision systems. 98% of respondents prioritize safety in vehicle purchases. The study highlights potential consumer demand among younger demographics, with 92% of Millennials favoring vehicles equipped with features that detect driver drowsiness and ensure child safety. The research underscores the increasing interest in vehicle personalization and safety technology.