Loading...
•
Dec 31, 2023
Xperi Q4 2023 Earnings Report
Xperi reported solid financial results, advanced cost transformation efforts, and delivered important design wins.
Key Takeaways
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.
Forward Guidance
The Company is providing the following outlook for fiscal year 2024:
Positive Outlook
- Revenue $500 to $530 million (GAAP)
- Revenue $500 to $530 million (Non-GAAP)
- Adjusted EBITDA Margin 12% to 14%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...