NYSE$XPER

Xperi Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter 2024 financial results.

Xperi Inc. reported third quarter results with a focus on entertainment-based solutions, growing its media platform and licensing businesses. The TiVo OS Smart TV footprint is approaching one million units, and the company is on track to achieve its year-end target of two million smart TVs. The Perceive transaction closed for gross proceeds of $80 million in cash.

  • TiVo OS Smart TV footprint is approaching one million activated units and tracking toward a year-end goal of two million.
  • DTS AutoStage video design won with a Japanese automotive OEM.
  • Exceeded year-end target of 2.4 million Video over Broadband subscriber households.
  • Closed Perceive asset sale for gross proceeds of $80 million in cash.

Headline financials

Total Revenue

$133M

Previous: $130M+1.9%
EPS (adj)

$0.51

Previous: -$0.08+737.5%
Capital Expenditures

-$3.3M

Previous: -$9.43M+65.0%
Free Cash Flow

-$20.1M

Previous: -$50.9M+60.5%
Net Income

-$16.8M

Previous: -$41.4M+59.4%
Operating Income

-$18.6M

Previous: -$31.1M+40.2%
Gross Profit

$105M

Previous: $104M+1.4%
Cash & Equivalents

$72.7M

Previous: $132M-44.7%
Total Assets

$616M

Previous: $664M-7.2%
R&D Expense

$43M

Previous: $56.4M-23.8%
Stock-Based Comp

$15.2M

Previous: $17.6M-13.5%

Revenue & EPS history

Xperi · Revenue · Quarterly

$133M

Q3 2024+1.9%vs Q3 2023
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The company updated its 2024 outlook ranges.

Tailwinds

  • Focus on entertainment-based solutions to grow independent media platform and licensing businesses.
  • TiVo OS Smart TV footprint approaching one million units, on track for two million by year-end.
  • Innovation pipeline yielding new product solutions, including AI-driven DTS Clear Dialogue.
  • Business transformation efforts driving operating leverage and improved profitability.
  • Executed agreement with NCTC for a new Broadband TV solution, expanding U.S. monetization through the TiVo platform.

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 2024

Historical avgQ3 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
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
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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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