earnings
confidence high
sentiment positive
materiality 0.60
Xperi Q3 2024: revenue $132.9M, GAAP loss $0.37/sh; TiVo OS near 1M units; Perceive sale closed for $80M
Xperi Inc.
2024-Q3 EPS reported
-$1.33
revenue$371,326,000
- Revenue $132.9M (+2% YoY vs $130.4M); GAAP net loss $16.8M ($0.37 loss per share) improved from $41.4M loss ($0.96 loss) YoY.
- Non-GAAP operating income $24.5M vs $4.3M YoY; Non-GAAP EPS $0.51 vs ($0.08); Adjusted EBITDA $31.4M.
- TiVo OS smart TVs approaching 1M activated units; on track for year-end target of 2M units.
- Awarded DTS AutoStage Video win with a Japanese car company; exceeded 2.4M Video over Broadband subscriber households.
- Closed Perceive asset sale for gross proceeds of $80M in cash.