secwatch.observer — SEC 8-K summary
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Issuer:     Xperi Inc. (XPER)
CIK:        0001788999
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0000950170-24-022102
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xperi reports Q4/FY2023 results: GAAP loss narrows, non-GAAP operating income positive; TiVo OS expands
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- Revenue Q4 $137.2M (+1.3% YoY); FY2023 $521.3M (+3.8% YoY).
- GAAP net loss Q4 $25.3M ($0.57/share) vs $298M ($7.06) in Q4'22; FY loss $139.7M vs $761.2M.
- Non-GAAP operating income Q4 $7.1M (vs loss $4.7M); Adjusted EBITDA $13.4M; Non-GAAP EPS $0.11.
- TiVo OS signs additional smart TV OEM; Vestel now shipping TiVo OS in UK/Germany.
- Completed AutoSense divestiture; initiated strategic alternatives evaluation for Perceive business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788999/000095017024022102/0000950170-24-022102-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788999/000095017024022102/xper-20240228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-022102

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