Xperi Q3 revenue $121.6M (+3% YoY); GAAP EPS ($9.54) on $354M goodwill impairment; reaffirms FY guidance

Xperi Inc.

2022-Q3 EPS reported -$10.96 revenue$366,728,000

Revenue $121.6M, up 3% from $117.7M YoY; non-GAAP EPS ($0.22) and adjusted EBITDA loss ($0.7M).
Non-cash goodwill impairment of $354M booked in Q3 following spin-off from Adeia.
Reiterated FY2022 revenue guidance $490-510M and roughly breakeven adjusted EBITDA.
Surpassed 1M IPTV subscribers; Vestel to offer Powered by TiVo SmartTVs in 2023.
DTS AutoStage launched with 4 automakers; DTS AutoSense closed with European and Japanese OEMs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Xperi Inc. reported the third quarter ended September 30, 2022 results: revenue $121.6 million, EPS ($9.54). Guidance reaffirmed.

Period: the third quarter ended September 30, 2022
Revenue: $121.6 million
EPS: ($9.54)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenue of $121.6 million during the third quarter, representing a 3% increase from $117.7 million in the year-ago period

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Source: SEC EDGAR

accession 0000950170-22-023220

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