Xperi Q4 GAAP net income $46.2M vs loss; non-GAAP EPS $0.39; FY adjusted EBITDA doubles to $74.2M

Xperi Inc.

2024-FY EPS reported -$0.31 revenue$493,688,000

Revenue Q4 $122.4M (down 11% YoY); full-year $493.7M (down 5%); adjusted for divested businesses, revenue slightly up.
GAAP Q4 net income $46.2M ($1.02 EPS) vs loss $24.8M (-$0.57); FY loss $14.0M (-$0.31) vs $136.6M loss.
Non-GAAP Q4 operating income $17.5M vs $7.1M; EPS $0.39 vs $0.11; FY non-GAAP net income $44.6M, EPS $0.97 vs $0.01
Adjusted EBITDA full year $74.2M, up 114% from $34.7M; Q4 adjusted EBITDA $22.7M vs $13.4M.
Sharp TVs with TiVo OS launched in US; IPTV subscriber households 2.6M; DTS AutoStage in 10M vehicles.

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