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