NYSE$XPER

Xperi Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced third quarter 2023 results, demonstrating revenue growth and strategic progress.

Xperi Inc. reported solid financial performance with comparable 6% revenue growth over the prior year. Key operational milestones include Vestel shipping Smart TVs powered by TiVo and BMW cars featuring DTS AutoStage Video Service.

  • Vestel is now shipping Smart TVs Powered by TiVo under the JVC brand to retailers in Europe.
  • DTS AutoStage Video Service has been integrated into the new generation BMW 5-Series.
  • Posted double-digit year-over-year IPTV subscriber growth for the 17th consecutive quarter.
  • Signed license agreement with a Big Tech customer and recognized revenue in the quarter, validating Perceive’s approach to low-power AI at the edge.

Headline financials

Total Revenue

$130M

Previous: $122M+7.2%
EPS (adj)

-$0.08

Previous: -$0.22+63.6%
Capital Expenditures

-$9.43M

Previous: -$10.5M+10.3%
Free Cash Flow

-$50.9M

Previous: -$411M+87.6%
Net Income

-$41.4M

Previous: -$401M+89.7%
Operating Income

-$31.1M

Previous: -$399M+92.2%
Gross Profit

$104M

Previous: $90.2M+15.2%
Cash & Equivalents

$132M

Previous: $180M-27.0%
Total Assets

$664M

Previous: $1.01B-34.3%
R&D Expense

$56.4M

No prior period
Stock-Based Comp

$17.6M

Previous: $10.6M+66.5%

Revenue & EPS history

Xperi · Revenue · Quarterly

$130M

Q3 2023+7.2%vs Q3 2022
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company is narrowing its fiscal 2023 outlook ranges to the following:

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 Q3 2023

Historical avgQ3 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
Q1 2015
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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