secwatch.observer — SEC 8-K summary
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Issuer:     Xperi Inc. (XPER)
CIK:        0001788999
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0000950170-23-003445
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xperi Q4 revenue $136M (+9% YoY); GAAP net loss $297M on $258M impairment
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- Q4 revenue $136M, up 9% YoY; full year 2022 revenue $502M, up 3%.
- GAAP net loss of $297M ($7.06/share) includes $258M non-cash goodwill impairment and restructuring charge.
- Non-GAAP net income $4M ($0.08/share); Adjusted EBITDA $4M (3% margin).
- First quarter as independent company; design wins in Smart TV and Connected Car (TiVo video platform).
- Full year results include carve-out for first 9 months as part of Adeia (ADEA).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788999/000095017023003445/0000950170-23-003445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788999/000095017023003445/xper-20230221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-003445

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