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Sep 30, 2022
Xperi Q3 2022 Earnings Report
Announced third quarter 2022 results, showing continued momentum in strategic growth initiatives and reiterated FY 2022 guidance.
Key Takeaways
Xperi Inc. reported revenue of $121.6 million for the third quarter, a 3% increase year-over-year. The company experienced a GAAP loss per share of ($9.54) and a non-GAAP loss per share of ($0.22). Key operating achievements included customer wins and expansion in Media Platform, IPTV, and Connected Car businesses. The company reiterated its 2022 guidance.
Revenue of $121.6 million, a 3% increase year-over-year.
GAAP earnings per share of ($9.54) and non-GAAP earnings per share of ($0.22).
Welcomed Vestel as the first OEM partner to offer Powered by TiVo™ SmartTVs in 2023.
Surpassed 1 million Video Over Broadband (IPTV) subscribers.
Xperi
Xperi
Forward Guidance
The Company is reiterating its guidance for 2022, previously provided at its recent Investor Day.