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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.
Xperi Inc. reported strong financial performance in Q4 2022, achieving $136M in revenue, a 9% increase year-over-year, and a full-year revenue of $502M, up 3%. Despite a net loss of ($297M) for Q4, the non-GAAP net income stood at $4M. The company celebrated significant design wins, including TiVo's integration in Smart TVs and a new Connected Car platform with a major European automaker. Xperi ended 2022 with over $300M in committed business for Connected Car ventures. For 2023, the company forecasts revenue between $510M and $540M and aims for an adjusted EBITDA margin of 6% to 10%.
Xperi Inc. (NYSE: XPER) will announce its fourth quarter and full year 2022 financial results on February 21, 2023, after market close. An earnings conference call will be held at 2:00 p.m. PT. Interested participants can access the call by dialing 1-888-660-6513 (U.S.) or +1 929-203-0876 (International) and using conference ID 5483252. The call will also be available via a webcast.
Xperi specializes in entertainment technologies, integrating their products, such as DTS, HD Radio, and TiVo, into consumer devices and platforms globally, enhancing user experiences.
Xperi Inc. (NYSE: XPER) showcased its advanced technologies at CES 2023, emphasizing partnerships that enhance audio and video experiences. Key highlights include:
- Introduction of the Powered by TiVo™ platform on Vestel smart TVs.
- Innovations in DTS audio for home and automotive applications.
- Expansion of HD Radio technology in over 2,500 stations.
- Plans for new IMAX Enhanced content on Disney+ in 2023.
Overall, Xperi is committed to improving consumer experiences through innovative tech solutions across various platforms.
Xperi Inc. (XPER) has announced a significant partnership with Vestel, one of Europe's leading TV manufacturers. This multi-year agreement will see Powered by TiVo™ smart TVs shipped to markets including the UK, Germany, France, Italy, Spain, and Turkey as early as spring 2023. The TVs will leverage TiVo OS, providing consumers enhanced content discovery and personalized experiences. This partnership positions Xperi to expand its reach in the competitive smart TV market, benefiting from Vestel's extensive distribution network.
Sony Pictures Entertainment, Xperi (NYSE: XPER), and IMAX Corporation (NYSE: IMAX) have announced a significant expansion of the IMAX Enhanced ecosystem. Upcoming titles, including Spider-Man™: Across the Spider-Verse, Gran Turismo, and The Equalizer 3, will be released in the IMAX Enhanced format during their home entertainment windows. This format combines exclusive 4K HDR content and premium DTS:X audio, aiming to elevate the at-home viewing experience. The deal reflects a commitment to delivering high-quality entertainment globally.
Xperi Inc. (NYSE: XPER) and Amlogic are collaborating to pre-integrate TiVo OS on Amlogic's T962D4 and T950D4 chipsets for the U.S. and European markets. This initiative aims to support TV OEMs in rapidly deploying smart TVs while addressing consumer price sensitivity in a low-margin market. The partnership offers a cost-effective, turnkey solution, enhancing user experience and access to vital content services. With over a billion smart TVs in use, TiVo OS positions itself as a leading independent media platform for OEMs.
Xperi Inc. (NYSE: XPER) has partnered with LG Electronics to integrate DTS:X immersive audio technology into LG's latest OLED and Premium LCD TVs. This collaboration aims to enhance audio experiences in consumer electronics, bringing cinematic sound to home environments. The use of DTS:X technology allows LG TV users to enjoy high-quality audio, further complemented by DTS:X enabled soundbars. This milestone signifies DTS's commitment to expanding its technology across various devices, improving overall sound quality.
Xperi, Inc. (NYSE: XPER) has released a report titled “The Vehicle as a Third Space,” highlighting the evolving role of vehicles for consumers. Key findings from a CARAVAN® survey show that 75% of Gen Z drivers consider their vehicle a third space, up from pre-COVID levels. Safety, comfort, and advanced personalization are top priorities for drivers, with 69% interested in health updates from their cars. Furthermore, 91% of Millennials and Gen Z seek mood-sensing technologies for personalized audio experiences, indicating a significant shift towards integrating technology and wellness in vehicle design.
Xperi Inc. reported Q3 2022 financial results, highlighting a 3% revenue increase year-over-year to $121.6 million. Non-GAAP EPS stood at ($0.22), while GAAP EPS was ($9.54) with an adjusted EBITDA loss of $0.7 million. The company announced a significant $354 million non-cash goodwill impairment charge following a carve-out from Xperi Holding Corporation. Key achievements included surpassing 1 million IPTV subscribers and launching the DTS AutoStage™ platform in collaboration with multiple automotive OEMs. Xperi reiterated its 2022 revenue guidance of $490 to $510 million.
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