NYSE$XPER

Xperi Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported solid financial results with improved profitability and continued execution on strategic growth initiatives.

Xperi Inc. announced second quarter 2024 financial results, demonstrating solid financial performance with improved profitability driven by its business transformation efforts and strategic growth initiatives. The company highlighted the expansion of its TiVo OS and Video-over-Broadband footprint, which are expected to drive long-term revenue growth and margin expansion.

  • Signed the seventh TiVo OS partner, a Top 5 supplier of Smart TVs into the U.S. market, with plans to launch TVs “Powered by TiVo” in the U.S. in spring of 2025.
  • Smart TVs “Powered by TiVo” are now available across 15 European countries, including the largest economies, under 17 different brands.
  • Ended Q2 2024 with over 2.25 million Video-over-Broadband (IPTV) subscriber households, continuing the trend of consecutive quarters of double-digit year-over-year subscriber growth.
  • Expanded TiVo Broadband with the signing of three new operators: Service Electric Cablevision, Eastlink, and HTC, bringing the total number of TiVo Broadband providers to ten.

Headline financials

Total Revenue

$120M

Previous: $127M-5.7%
EPS

-$0.67

Previous: -$0.09-644.4%
Adjusted EBITDA

$14.6M

No prior period
Adjusted EBITDA Margin

12.2%

No prior period
Capital Expenditures

-$2.31M

Previous: -$6.11M+62.2%
Free Cash Flow

-$32.6M

Previous: -$44.5M+26.7%
Net Income

-$30.3M

Previous: -$38.4M+21.1%
Operating Income

-$21.9M

Previous: -$35.2M+37.7%
Gross Profit

$90.6M

Previous: $96M-5.6%
Cash & Equivalents

$92.5M

Previous: $112M-17.5%
Total Assets

$619M

Previous: $671M-7.7%
R&D Expense

$45M

No prior period
Stock-Based Comp

$15.3M

Previous: $18.1M-15.4%

Revenue & EPS history

Xperi · Revenue · Quarterly

$120M

Q2 2024-5.7%vs Q2 2023
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company makes no change to the 2024 outlook ranges previously provided: Revenue $500M to $530M and Adjusted EBITDA Margin 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 Q2 2024

Historical avgQ2 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
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Q1 2018
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Q4 2016
Q3 2016
Q2 2016
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Q4 2015
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Q4 2013
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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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