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Xperi Inc (XPER)
NYSE:XPER
Holding XPER?
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.23Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2023
|% Change Since: -7.96%
|Next Earnings Date:Nov 08, 2022
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed performance. While there were notable achievements in cost management and profitability, challenges in consumer electronics, media platform, and the automotive market were significant. Additionally, delays in the TiVo OS Smart TV rollout impacted future expectations.Company Guidance
During the Xperi Q3 2024 earnings call, guidance was provided highlighting several key metrics and expectations. The company reported a Q3 revenue of approximately $133 million, marking an 11% sequential increase and a 2% rise from the previous year, with a 6% increase when adjusting for the AutoSense divestiture. Non-GAAP adjusted operating expenses were reduced by 18% year-over-year, resulting in adjusted EBITDA of $31.4 million, representing 24% of revenue, and a non-GAAP EPS of $0.51. The company aims to achieve 20 million monetizable endpoints by the end of 2025, projecting nearly $200 million in incremental revenue by 2026. For the remainder of 2024, Xperi updated its revenue guidance range to $490 million to $505 million, citing softness in core licensing markets. Despite the lower revenue range, the company increased its adjusted EBITDA margin guidance to 14%-16% due to successful business transformation efforts. They also expect to end the year with over $100 million in cash following the Perceive transaction.Strong Quarterly Revenue Growth
Q3 revenue of approximately $133 million, up 11% sequentially, up 2% from the year-ago quarter and up 6% when adjusting for the AutoSense divestiture.
Improved Profitability
Non-GAAP adjusted operating expenses declined 18%, and adjusted EBITDA was $31.4 million or 24% of revenue, more than tripling from the prior year quarter.
Pay TV and Connected Car Performance
Strong performance in Pay TV and Connected Car primarily driven by a large multiyear classic guide minimum guarantee deal.
Cost Transformation Success
Completed the sale of the AutoSense and related imaging business, as well as the recent sale of Perceive, contributing to improved profitability and strategic focus.
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XPER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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XPER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $9.92 | $8.69 | -12.40% |
| Aug 05, 2024 | $7.23 | $7.01 | -3.04% |
| May 08, 2024 | $10.86 | $10.14 | -6.63% |
| Feb 28, 2024 | $11.25 | $10.96 | -2.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Xperi Inc (XPER) report earnings?
Xperi Inc (XPER) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Xperi Inc (XPER) earnings time?
Xperi Inc (XPER) earnings time is at Feb 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is XPER EPS forecast?
XPER EPS forecast for the fiscal quarter 2024 (Q4) is 0.23.
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