secwatch.observer — SEC 8-K summary
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Issuer:     Xperi Inc. (XPER)
CIK:        0001788999
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000950170-22-023220
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788999/000095017022023220/0000950170-22-023220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788999/000095017022023220/xper-20221108.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023220

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer