NYSE$XPER

Xperi Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Xperi's financial performance in Q1 2023 showed revenue growth and strategic advancements.

Xperi Inc. reported first quarter 2023 financial results with revenue of $126.8 million. The company continues to drive towards its strategic vision of being the independent media platform of choice with the announcement of a second Smart TV OEM and another Connected Car design win.

  • Signed agreement with a second top-ten Smart TV OEM to integrate the TiVo Operating System (TiVo OS).
  • Awarded a new program for its DTS AutoStage in-cabin infotainment platform with a major Japanese car manufacturer.
  • TiVo IPTV continued its double-digit subscriber growth with new rollouts by major service providers across the Americas.
  • Signed a series of major, multi-year license renewals during the quarter, demonstrating the durability and longevity of the DTS audio technology.

Headline financials

Total Revenue

$127M

Previous: $119M+6.7%
EPS (adj)

$0.04

Previous: -$0.70+105.7%
Adjusted EBITDA

$6.78M

No prior period
Capital Expenditures

-$3.86M

Previous: $4.35M-188.9%
Free Cash Flow

-$35.9M

Previous: -$22.7M-57.9%
Net Income

-$32M

Previous: -$30.5M-4.9%
Operating Income

-$33.6M

Previous: -$28.9M-16.2%
Gross Profit

$99M

Previous: $91.5M+8.3%
Cash & Equivalents

$111M

Previous: $123M-10.2%
Total Assets

$687M

No prior period
Stock-Based Comp

$16M

Previous: $8.64M+84.9%

Revenue & EPS history

Xperi · Revenue · Quarterly

$127M

Q1 2023+6.7%vs Q1 2022
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company reaffirms its outlook for fiscal 2023.

Tailwinds

  • Revenue between $510 million and $540 million (GAAP and non-GAAP).

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.9%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+28.7%

Q3 2020

Best reaction

-10.9%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+12.0%+16.4%+7.2%
Q4 2025+3.4%+10.4%-0.5%
Q3 2025+1.8%-2.5%-10.7%
Q1 2025+15.4%+20.0%+12.7%
Q4 2024-3.2%-5.3%-8.4%
Q3 2024-7.9%-11.0%+2.2%
Q2 2024-6.4%-4.4%+13.1%
Q1 2024-9.8%-13.1%-26.8%
Q4 2023-6.0%-6.6%+3.4%
Q3 2023+7.5%+22.0%+18.9%
Q2 2023-10.6%-8.4%-16.2%
Q1 2022+2.7%+4.4%+20.6%
Q1 2023+1.3%-3.7%+18.9%
Q2 2022-2.3%-8.2%-9.8%
Q4 2020-2.3%-8.2%-9.8%
Q4 2022+13.5%+14.9%+3.3%
Q3 2021+1.2%-5.5%-11.2%
Q4 2021+1.2%-5.5%-11.2%
Q3 2022-9.1%-3.7%-7.3%
Q2 2021-0.5%
Q1 2021+0.5%
Q3 2020+28.7%
Q2 2020-10.9%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
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Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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