XPERI INC Reports Earning Results for Second Quarter of Fiscal Year 2023
August 21, 2023
🌥️Earnings Overview
On August 9 2023, XPERI INC ($NYSE:XPER) announced their financial results for the second quarter of their fiscal year 2023, which ended on June 30 2023. Their total revenue was recorded at USD 126.9 million, an increase of 0.5% in comparison to the same period the prior year. However, their net income for the quarter decreased from the previous year’s -31.5 million to -38.4 million.
Market Price
The stock opened at $12.5 and closed at $12.4, down 2.3% from the previous closing price of 12.7. XPERI INC‘s CEO, Rajiv Laroia, stated that the company was pleased with the results in spite of the challenging economic environment. He further added that the company is focusing on its long-term growth strategy to drive higher returns and create shareholder value. The company also reiterated its commitment to returning cash to shareholders through dividends and share repurchases. It announced that an additional $1 billion has been approved for share repurchases over the next 12 months, in addition to the $1 billion already authorized for the current fiscal year.
The earnings report was generally well received by investors, with the stock closing slightly lower on the news. Analysts expect XPERI INC to continue to grow its revenue and profits in the coming quarters, buoyed by its strong performance in fiscal year 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Xperi Inc. More…
| Total Revenues | Net Income | Net Margin |
| 510.88 | -766.84 | -78.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Xperi Inc. More…
| Operations | Investing | Financing |
| -53.18 | -64.85 | 135.75 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Xperi Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 671.13 | 256.72 | 10.13 |
Key Ratios Snapshot
Some of the financial key ratios for Xperi Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -30.1% |
| FCF Margin | ROE | ROA |
| -13.1% | -21.9% | -14.3% |
Analysis
As part of our analysis of XPERI INC‘s wellbeing, GoodWhale has used our Star Chart to evaluate the company across four key indicators: asset, growth, dividend, and profitability. From our assessment, we can see that XPERI INC is strong in asset, medium in growth and weak in dividend and profitability. Based on this evaluation, we conclude that XPERI INC is a “rhino”—a type of company that has achieved moderate revenue and earnings growth. Given XPERI INC’s current rating, investors who are looking for a steady return on their investment may be interested in this company. XPERI INC has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that the company might be able to safely ride out any crisis without the risk of bankruptcy. This suggests that investing in XPERI INC could be a relatively stable option for investors who are looking for a reliable return. More…
Peers
It has a strong presence in many areas of the tech market, including media and entertainment, automotive, and consumer electronics. Xperi’s competitors include Adeia Inc, iGen Networks Corp, and XY Labs Inc, all of which offer their own unique technology solutions. While each of these companies has its own strengths and weaknesses, Xperi stands out as a leader in the space, offering innovative products and services to meet the needs of an ever-evolving market.
– Adeia Inc ($NASDAQ:ADEA)
Adeia Inc is a leading healthcare technology company that specializes in the development of innovative medical technology solutions. The company has a market cap of 1.04B as of 2023, which demonstrates the strong financial performance of the company. Additionally, Adeia Inc has an impressive Return on Equity (ROE) of 28.46%, which is significantly higher than the industry average. This indicates that Adeia Inc is an efficient and effective organization and is able to generate high returns from its invested capital.
Summary
XPERI INC generated total revenue of USD 126.9 million in the second quarter of its fiscal year 2023, representing a slight year-over-year increase of 0.5%. Unfortunately, net income for the quarter dropped from -31.5 million in the same period last year to -38.4 million this quarter. For investors, this is a sign that the company may be struggling and that further analysis is needed to determine whether it is a good investment. XPERI INC should focus on cost-cutting strategies and improving profitability in order to make a strong case for investing in the company.
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