Welcome to our dedicated page for Xperi news (Ticker: XPER), a resource for investors and traders seeking the latest updates and insights on Xperi stock.
Xperi Inc. (symbol: XPER) is an American technology company renowned for its extensive licensing of technology and intellectual property in diverse fields such as mobile computing, communications, memory and data storage, and three-dimensional integrated circuit technologies. As a consumer and entertainment technology leader, Xperi Inc. offers a robust portfolio of software and services tailored to enhance the user experience across various platforms.
The company's operations are segmented into four primary categories: Pay-TV, Consumer Electronics, Connected Car, and Platform Solutions. The Consumer Electronics segment is the cornerstone of Xperi's business model, generating the majority of its revenue. This segment focuses on embedding advanced technologies in everyday consumer devices, ensuring enhanced functionality and performance.
Pay-TV solutions offered by Xperi deliver state-of-the-art viewing experiences through innovative software that enhances content delivery and user interaction. In the Connected Car segment, Xperi is pushing the boundaries of in-car entertainment and connectivity, providing cutting-edge solutions that integrate seamlessly with modern vehicles.
The Platform Solutions segment encompasses a wide array of services designed to unify and streamline digital content across multiple platforms, ensuring cohesive and efficient media management.
In recent achievements, Xperi Inc. has partnered with leading global brands to drive innovation and deliver superior technology solutions. The company's financial health is robust, reflecting consistent revenue growth and strategic investments in research and development. Xperi's commitment to advancing technology is further evidenced by its active involvement in the latest industry developments and trends.
Stay updated with the latest news and developments related to Xperi Inc. through our comprehensive news section, featuring the most current information directly from Xperi Inc. and other reliable sources.
TiVo, a subsidiary of Xperi, has launched the TiVo One cross-screen ad platform designed to integrate ad inventory across home and car entertainment systems. This platform aims to optimize branded campaigns with advanced targeting and measurement capabilities. The launch coincides with an expansion of TiVo-powered smart TVs by brands such as Bush, Telefunken, JVC, and Panasonic across Europe, in time for summer sports events. TiVo One's features include enhanced targeting based on user behaviors, advanced measurement tools, and a 'Homepage Ad' unit for targeted, data-driven advertising. This development aligns with Xperi's strategy to enhance audience engagement and monetization.
Xperi's Board of Directors issued a letter urging shareholders to vote for all five incumbent directors at the upcoming Annual Meeting on May 24, 2024. The Board emphasized the company's progress since becoming an independent entity in October 2022, highlighting a revenue growth target of 12-15% CAGR and adjusted EBITDA margins of 25-30% within three to five years from September 2022. Xperi completed the divestiture of its AutoSense business in January 2024 and is considering strategic alternatives for its AI business, Perceive. Proxy advisory firms ISS and Glass Lewis have recommended supporting the incumbent Board members. The Board also plans to expand its membership and align executive compensation with shareholder interests.
Rubric Capital Management, owning 9.0% of Xperi's shares, urges stockholders to vote against incumbent directors David Habiger and Darcy Antonellis at the May 24, 2024, Annual Meeting. Rubric, citing poor stock performance and mismanagement, proposes new board members, Thomas A. Lacey and Deborah S. Conrad, to drive value creation. Rubric's plan includes restoring accountability, evaluating projects, cutting costs, and aligning executive pay with performance. They claim this could increase Xperi's share price by $5.25 to $19.01. Rubric emphasizes the need for new leadership to avoid further value destruction.
Xperi Inc. reported its first quarter 2024 financial results, showing solid growth in connected car, media platform, and video-over-broadband despite a decline in revenue due to divestitures. The company expects significant long-term revenue growth and margin expansion driven by TiVo OS, video-over-broadband, and connected car deployments. Financial highlights include a GAAP operating loss and net loss, while non-GAAP metrics show a slight operating loss and positive adjusted EBITDA. Recent achievements include new partnerships for smart TVs, increased penetration of HD Radio in vehicles, and continued growth in video-over-broadband subscribers. The company remains focused on its strategic initiatives and expects to achieve its multi-year targets. The financial outlook for fiscal year 2024 reaffirms revenue guidance and adjusted EBITDA margin expectations.
Rubric Capital Management sent a letter to Xperi Inc. stockholders advocating for the replacement of current directors with their nominees, citing poor total shareholder return and ineffective oversight. Rubric's nominees, Thomas A. Lacey and Deborah S. Conrad, are highlighted for their qualifications and commitment to driving stockholder value.
Xperi Inc. (NYSE: XPER) faces opposition from activist stockholder Rubric Capital at the 2024 Annual Meeting. Director Christopher Seams supports targeted directors Darcy Antonellis and David Habiger, highlighting their contributions to Xperi's transformation. Seams contrasts their expertise with Rubric's nominees lacking experience. Xperi emphasizes its growth, revenue increase, and share repurchase plan.
Rubric Capital Management responds to Xperi Inc.'s amended investor presentation, highlighting the company's falsified version of performance and dilution issues, urging stockholders to vote for Rubric's nominees. Rubric criticizes Xperi's board members for presiding over significant losses and exemplifies the company's aggressive stock-based compensation practices. Rubric aims to restore accountability and performance culture through its director nominees.
Rubric Capital Management issues an open letter to Xperi Inc. stockholders, criticizing the company's misleading investor presentation. The letter addresses Xperi's underperformance, share repurchase program, dilution claims, executive compensation, Perceive expense characterization, director ownership, missed targets, and negotiation behavior. Rubric urges stockholders to vote for its nominees to restore accountability and alignment on the Xperi Board.
Xperi Inc. published an investor presentation highlighting the company's transformation into a standalone product-focused technology company. The Board urges stockholders to vote 'FOR' all five of Xperi's nominees at the upcoming annual meeting. Xperi's strategy has led to consistent revenue growth and increased stockholder value. The Board emphasizes the importance of maintaining the current directors to ensure the company's continued success.
Rubric Capital Management released a presentation highlighting the urgent need for change in Xperi Inc. The presentation outlines strategic, operating, and compensation failures under the current Board and emphasizes the experience and skills of Rubric's nominees to restore stockholder value.
FAQ
What is the current stock price of Xperi (XPER)?
What is the market cap of Xperi (XPER)?
What does Xperi Inc. specialize in?
Which segment generates the most revenue for Xperi Inc.?
What are the main segments of Xperi Inc.'s business?
How does Xperi Inc. contribute to the Pay-TV industry?
What innovations does Xperi Inc. provide for the automotive industry?
What is the focus of Xperi Inc.'s Platform Solutions segment?
Who are some of Xperi Inc.'s key partners?
How does Xperi Inc. ensure its financial health?
What are some recent achievements of Xperi Inc.?
Where can I find the latest news about Xperi Inc.?
