secwatch.observer — SEC 8-K summary
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Issuer:     Xperi Inc. (XPER)
CIK:        0001788999
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055688
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xperi Q1 2024: Revenue $118.8M, GAAP EPS -$0.29, TiVo OS adds Japanese brand, IPTV 2M subs
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- Revenue $118.8M, down 6% YoY from $126.8M; GAAP net loss $13.4M vs $32.9M loss prior year.
- GAAP loss per share $0.29, improved from $0.76 loss; Non-GAAP loss per share $0.05 vs $0.04 gain.
- TiVo OS to power TVs from an additional Japanese global brand ahead of UEFA Euro 2024.
- Video-over-Broadband (IPTV) subscribers surpassed two million, growing double digits.
- Connected Car, Media Platform, and IPTV showed strong growth; company reducing expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1788999/000095017024055688/0000950170-24-055688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1788999/000095017024055688/xper-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055688

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