Revenue Performance - Revenue for the three months ended June 30, 2024, was $119.6 million, a decrease of $7.3 million, or 6%, compared to $126.9 million in the same period of 2023[117]. - Revenue for the six months ended June 30, 2024, was $238.4 million, down $15.3 million, or 6%, from $253.7 million in the same period of 2023[119]. - The company reported an increase of $11.8 million in Connected Car revenue for the six months ended June 30, 2024, driven by minimum guarantee revenue[119]. Operating Expenses - Operating expenses for the three months ended June 30, 2024, totaled $141.5 million, a decrease of $20.6 million, or 13%, compared to $162.1 million in the same period of 2023[120]. - Research and development expenses for the three months ended June 30, 2024, were $45.1 million, down $10.6 million, or 19%, from $55.7 million in the same period of 2023[124]. - Selling, general and administrative expenses for the three months ended June 30, 2024, were $53.1 million, a decrease of $3.4 million, or 6%, compared to $56.5 million in the same period of 2023[126]. - Stock-based compensation expense decreased by $2.8 million, or 15%, for the three months ended June 30, 2024, compared to the same period of the prior year[128]. - Depreciation expense for Q2 2024 was $3.3 million, a decrease of 22% from $4.2 million in Q2 2023[129]. - Amortization expense for Q2 2024 was $11.0 million, down 25% from $14.8 million in Q2 2023[130]. Divestiture and Gains - The divestiture of the AutoSense in-cabin safety business was completed in January 2024, streamlining the company's focus on entertainment markets[114]. - Gain on divestiture for the six months ended June 30, 2024, was $10 million, contributing to a loss before taxes of $13 million, compared to a loss of $27 million in the same period of 2023[115]. - The company recognized a gain of $22.9 million from divestiture in the six months ended June 30, 2024[134]. Net Loss and Tax - Net loss for the three months ended June 30, 2024, was 26%, an improvement from a net loss of 31% in the same period of 2023[115]. - Income tax expense for Q2 2024 was $9.3 million on a pretax loss of $21.4 million, resulting in an effective tax rate of (43.4)%[135]. Cash Flow and Capital - Cash and cash equivalents decreased to $92.5 million as of June 30, 2024, down $61.9 million from $154.4 million at December 31, 2023[139]. - Net cash used in operating activities was $51.9 million for the six months ended June 30, 2024, primarily due to a net loss of $44.0 million[141]. - Capital expenditures for 2024 are expected to be approximately $20.0 million[143]. - Long-term debt includes a $50.0 million promissory note with a 6.00% interest rate, maturing on July 1, 2025[145]. Stock Repurchase and Current Ratio - The company has authorized a stock repurchase program of up to $100.0 million, with no shares repurchased to date[140]. - The current ratio improved to 2.0 as of June 30, 2024, compared to 1.9 as of December 31, 2023[137].

Xperi Inc. (NYSE:XPER) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Mike Iburg - Head-Investor Relations Jon Kirchner - Chief Executive Officer Robert Andersen - Chief Financial Officer Conference Call Participants Steve Frankel - Rosenblatt Hamed Khorsand - BWS Financial Jason Kreyer - Craig-Hallum Capital Group Matthew Galinko - Maxim Group Operator Thank you for standing by. My name is Mandeep and I'll be your operator today. At this time, I'd like to welcome everyone t ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Xperi Inc. Announces Second Quarter 2024 Results Signed Seventh TV Partner to Integrate TiVo OS into Their Smart TV Line-up Expands TiVo Broadband with the Signing of Three New Operators San Jose, Calif. (August 5, 2024) – Xperi Inc. (NYSE: XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced second quarter 2024 financial results for the three-month per ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41486 XPERI INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 83-4470363 (State or Other Jurisdiction of Incorporation or Organization) 2190 Gol ...

Q1 2024 Earnings May 8, 2024 Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitati ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Xperi Inc. Announces First Quarter 2024 Results Additional Japanese Global Brand to Launch TVs Powered by TiVo Ahead of UEFA Euro 2024 Video-over-Broadband (IPTV) Surpasses Two Million Subscribers "Entering our second full year as an independent company, we continued to advance our transformation, delivered solid financial results across our key growth areas, and made progress on several strategic initiatives. While revenue was down year over year due in part to the impact ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41486 XPERI INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 83-4470363 (State or Other Jurisdiction of Incorporation or Organization) 2190 Gold Str ...

Xperi Inc. (NYSE:XPER) Q4 2023 Earnings Conference Call February 28, 2024 5:00 PM ET Company Participants Mike Iburg - Head, Investor Relations Jon Kirchner - Chief Executive Officer Robert Anderson - Chief Financial Officer Conference Call Participants Jason Kreyer - Craig-Hallum Hamed Khorsand - BWS Financial Operator Good day, everyone. Thank you for standing by. Welcome to the Xperi Fourth Quarter and Full Year 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over ...

Xperi Inc. Announces Fourth Quarter and Full Year 2023 Results Signs Additional Smart TV OEM to Integrate TiVo OS; Vestel Now Shipping to UK and Germany Completes Divestiture of AutoSense, Enhancing Focus and Improving Profitability Initiates Formal Process to Evaluate Strategic Alternatives for Perceive San Jose, Calif. (February 28, 2024) – Xperi Inc. (NYSE: XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary exp ...

Xperi Inc. (NYSE:XPER) Q3 2023 Earnings Call Transcript November 13, 2023 5:00 PM ET Company Participants Michael Iburg - VP, IR Jon Kirchner - President, CEO & Director Robert Andersen - CFO Conference Call Participants Jason Kreyer - Craig-Hallum Steven Frankel - Rosenblatt Securities Nicholas Zangler - Stephens Inc. Hamed Khorsand - BWS Financial Matthew Galinko - Maxim Group Operator Good day, everyone. Thank you for standing by. Welcome to the Xperi Third Quarter 2023 Earnings Conference Call. During t ...