NYSE$XPER

Xperi Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Xperi's financial performance for Q1 2024 was announced, highlighting growth in key areas amidst strategic transformation.

Xperi Inc. reported its first quarter 2024 financial results, showing a revenue of $118.8 million. The company saw strong growth in Connected Car, Media Platform, and Video-over-Broadband, but overall revenue was down year-over-year due to the impact of the AutoSense and imaging divestiture. The company is focusing on its media platform strategy to drive profitable growth and reduce expenses.

  • Xperi is advancing its transformation as an independent company.
  • The company delivered solid financial results across key growth areas.
  • TiVo OS footprint is expected to scale in the coming quarters.
  • Video-over-Broadband offering continues to grow at double digit rates.

Headline financials

Total Revenue

$119M

Previous: $127M-6.3%
EPS (adj)

-$0.05

Previous: $0.04-225.0%
Capital Expenditures

-$1.85M

Previous: -$3.86M+52.2%
Free Cash Flow

-$15M

Previous: -$35.9M+58.3%
Net Income

-$13.1M

Previous: -$32M+59.0%
Operating Income

-$32.3M

Previous: -$33.6M+3.8%
Gross Profit

$89.1M

Previous: $99M-10.1%
Cash & Equivalents

$95.2M

Previous: $111M-14.0%
Total Assets

$630M

Previous: $687M-8.3%
R&D Expense

$48.2M

No prior period
Stock-Based Comp

$14.8M

Previous: $16M-7.6%

Revenue & EPS history

Xperi · Revenue · Quarterly

$119M

Q1 2024-6.3%vs Q1 2023
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company reaffirms its outlook for fiscal year 2024 with revenue expected to be between $500 to $530 million and Adjusted EBITDA Margin between 12% to 14%.

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 2024

Historical avgQ1 2024

+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
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Q4 2016
Q3 2016
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Q4 2015
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Q1 2013
Q4 2012
Q3 2012
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Q4 2011
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Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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