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 14 quarters(50%)
ActualEstimate

Revenue by segment

Xperi · $106M total across 4 segments · Q2 2025

  • Pay-TV
    $49.9M—
  • Connected Car
    $25.1M—
  • Consumer Electronics
    $18.8M—
  • Media Platform
    $12.1M—

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
Q2 2025———
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%
Q4 2021+1.2%-5.5%-11.2%
Q3 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%——
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