Xperi Faces Uncertain Future Amid Revenue Decline And Heavy R&D

Xperi Faces Uncertain Future Amid Revenue Decline And Heavy R&D (NYSE:XPER)

Xperi reported its Q2 2024 results, missing revenue estimates while beating earnings expectations. The company is facing a decline in revenue attributed to weak segments, despite high R&D expenses. Xperi's outlook is rated as 'Sell' due to a poor revenue forecast and ongoing significant losses. The company's cash reserves have dropped to their lowest in eleven quarters, and its stock price has decreased by 42.6% over the past year, contrasting with gains in the broader tech sector. While cost controls have improved some financial metrics, the overall outlook remains challenging.

Xperi

Harbor Capital Advisors Inc. Raises Stock Position in Xperi Inc.

Harbor Capital Advisors Inc. Raises Stock Position in Xperi Inc. (NASDAQ:XPER)

Harbor Capital Advisors Inc. has significantly increased its holdings in Xperi Inc. by 66.9% in the second quarter, now owning 8,523 shares valued at $70,000. This follows other investment increases from firms like Gladius Capital Management and Zurcher Kantonalbank, indicating growing confidence in Xperi's market position. Additionally, Xperi reported earnings per share of ($0.37), surpassing analysts' expectations of ($0.39) by $0.02.

Vanguard Group Inc. Sells 799,829 Shares of Xperi Inc.

Vanguard Group Inc. Sells 799,829 Shares of Xperi Inc. (NASDAQ:XPER)

Vanguard Group Inc. has sold a substantial amount of shares in Xperi Inc., totaling 799,829 shares worth approximately $45.93 million. This sale may reflect a strategic shift in Vanguard's investment approach regarding Xperi, which could impact market perceptions of the company.

Xperi's Strategic Growth Initiatives

Xperi’s In-Cabin Entertainment Platform in Over 7 Million Vehicles

Xperi has secured multi-year license agreements with major companies like HP and Tencent Music Entertainment to integrate its DTS technologies into various devices and platforms. Additionally, the company aims to achieve 20 million monetizable endpoints by the end of 2025, with an anticipated revenue increase of nearly $200 million by 2026 compared to 2023. These initiatives position Xperi for significant growth in the coming years.

Xperi's AutoStage platform has now been deployed in over seven million vehicles globally, marking a significant milestone in the company's automotive entertainment strategy. This deployment is expected to grow further with the production of new automotive models in 2025, showcasing Xperi's commitment to enhancing in-vehicle experiences.

Xperi Reports Improved Financial Results for Q2 2024

In its Q2 2024 financial report, Xperi reported a GAAP net loss of $30.3 million, an improvement from the previous year's loss of $38.4 million. Notably, the company achieved a non-GAAP net income of $5.6 million, a turnaround from a loss of $3.7 million in Q2 2023. This reflects Xperi's ongoing efforts to streamline its product portfolio and focus on key growth markets.

Xperi Inc. Experiences Significant Drop in Institutional Holdings

Institutional investors may adopt severe steps after Xperi Inc.'s (NYSE:XPER) latest 12% drop adds to a year losses

Xperi Inc. saw a 12% decline in the value of institutional holdings last week, contributing to a total loss of 45% over the past year for shareholders. Hedge funds, which own 9.2% of Xperi shares, play a significant role in the company's stock dynamics. The general public holds 14% of the company, further influencing its policies.

Xperi Price Target Cut to $12.00 by Analysts at Craig Hallum

Xperi (NASDAQ:XPER) Price Target Cut to $12.00 by Analysts at Craig Hallum

Xperi (NASDAQ:XPER) Upgraded by StockNews.com to Buy

Xperi (NASDAQ:XPER) Raised to Buy at StockNews.com

Analysts at Craig Hallum have lowered Xperi's target price from $15.00 to $12.00, while maintaining a consensus rating of 'Buy' and a higher consensus price target of $19.00. Despite this adjustment, Xperi's stock saw a slight increase of $0.09, trading at $7.32. The company reported earnings per share of ($0.37), which exceeded estimates by $0.02. Additionally, several asset management firms have significantly increased their holdings in Xperi, indicating continued investor interest.

Xperi is a technology company that brings entertainment and connected experiences to consumers at home and on the go by seamlessly integrating their technologies with partners' products.

DTS, Inc.

iBiquity Digital

FotoNation

For 35 years, Xperi brands have delivered game-changing innovations in imaging, sound and beyond. Our entertainment technology brands have global scale that extend to 30 million streaming households, 90 million cars and billions of consumer devices.  

Powering the next generation of smart devices, connected cars and digital entertainment, we make every moment more intelligent, immersive and personal with advanced technologies from our renowned brands, including DTS®, HD Radio, TiVo®, and IMAX Enhanced, an IMAX and DTS partnership.

For high-quality, seamlessly integrated experiences that drive engagement and loyalty, partners across the digital value chain and consumers everywhere turn to Xperi. 

For more information, please visit www.xperi.com.

Xperi Inc.

I'm thrilled that our in-car video partnership with BMW (and Joyn, ZDF, Pluto, Bloomberg, RaiPlay and many more to come) is starting to roll out!  Also loving the BMW creative on this campaign.  BMW Group, Pluto TV, ZDF, Bloomberg News, RaiPlay, Xperi Inc., TiVo

Over the past week, our Mahogany @ Xperi employee resource group has hosted opportunities for employees to learn more about the history behind Juneteenth and its relevance to our current moment.

Xperi is dedicated to doing the work by standing in solidarity with the Black community and reaffirming our commitment to fostering an inclusive and diverse workplace where employees feel valued, respected and empowered.

#Juneteenth #WeAreXperi

Xperi was proud to sponsor the recent Perspektywy Women in Tech Summit, the biggest conference and career fair for women in tech in Europe. A few of our team members from Poland enjoyed attending the event.

#WeAreXperi #WomenInTech

Did you know over 50% of consumers want screens in the front and rear cabins of their next car? The future of in-car entertainment is all about providing immersive experiences for every passenger.

Learn more in the latest Connected Car Entertainment Trends Report, and see how your brand can cater to these changing habits: https://lnkd.in/gJRFJs8D

#Xperi #ConnectedCar

Automakers that innovate in dashboard entertainment will not only enhance user satisfaction but also boost brand loyalty. 

As Jeff Jury highlights, the future of in-vehicle entertainment is all about delivering a better, more personalized experience across all formats. Read more here: https://lnkd.in/gBC3VCxT

Congratulations to Samara W., Xperi's vice president of product strategy, who was recently honored as a diversity, equity and inclusion champion during the 2024 Top Women in Media & Ad Tech Awards in New York City, presented by AdMonsters and AdExchanger.

Through her professional achievements and unwavering dedication, Samara leaves an enduring legacy that inspires others to follow in her footsteps.

#WeAreXperi

Xperi Holding Corporation, together with its subsidiaries, operates as a consumer and entertainment product/solutions licensing company worldwide. It operates through two segments, Intellectual Property Licensing and Product. The Intellectual Property Licensing segment primarily licenses its innovations to companies in the entertainment industry under the Adeia brand. This segment licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over their own networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers, social media, and other new media companies, such as subscription video-on-demand service providers and social media companies; consumer electronics manufacturers, which includes smart televisions, streaming media devices, video game consoles, mobile devices, DVRs, and other connected media devices; and semiconductors, including sensors, radio frequency components, memory, and logic devices. The Product segment includes Pay-TV that delivers user experience (UX) solutions, such as electronic program guide, internet-protocol television (IPTV) solutions, Tv as a service IPTV program, video metadata personalized content discovery, natural language voice and insights, legacy TiVo DVR subscriptions, and UX business operations and technical support services; home and mobile audio solutions to entertainment media ecosystem partners, such as motion picture studios, game developers, and other content creators; silicon and software solutions; connected car solutions comprising HD radio, automotive connected media, and in-cabin monitoring solutions; and media platform, which includes the TiVo Stream OS, a media operating system. The company was incorporated in 2019 and is headquartered in San Jose, California.

COM:XPERI

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