NYSE$XPER

Xperi Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Xperi reported solid financial results, advanced cost transformation efforts, and delivered important design wins.

Xperi Inc. announced its fourth quarter and full-year 2023 financial results. The company posted solid financial results and advanced its cost transformation efforts. It also completed the divestiture of AutoSense and initiated a formal process to evaluate strategic alternatives for Perceive.

  • Skyworth signed an agreement to integrate the TiVo Operating System into their 2024 Smart TV lineup.
  • Vestel is now shipping Smart TVs Powered by TiVo into seven European countries, including the U.K. and Germany.
  • BMW is deploying DTS AutoStage Video Service, Powered by TiVo, across select new cars.
  • Ended 2023 with committed business in Connected Car totaling more than $300M.

Headline financials

Total Revenue

$137M

Previous: $136M+1.3%
EPS (adj)

$0.11

Previous: $0.08+37.5%
Adjusted EBITDA

$13.4M

No prior period
Adjusted EBITDA Margin

9.8%

No prior period
Capital Expenditures

-$3.35M

Previous: $3.69M-190.8%
Net Income

-$25.3M

Previous: -$297M+91.5%
Operating Income

-$29.8M

Previous: -$299M+90.0%
Gross Profit

$104M

Previous: $98.3M+5.5%
R&D Expense

$54.9M

No prior period
Stock-Based Comp

$17.9M

Previous: $15.5M+14.9%

Revenue & EPS history

Xperi · Revenue · Quarterly

$137M

Q4 2023+1.3%vs Q4 2022
Beat estimate in 7 of 13 quarters(54%)
ActualEstimate

Forward guidance

The Company is providing the following outlook for fiscal year 2024:

Tailwinds

  • Revenue $500 to $530 million (GAAP)
  • Revenue $500 to $530 million (Non-GAAP)
  • 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 Q4 2023

Historical avgQ4 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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