XPERI INC Reports Financial Results for FY2023 Q2 on June 30, 2023
August 16, 2023
🌥️Earnings Overview
XPERI INC ($NYSE:XPER) reported total revenue of USD 126.9 million for their financial results in FY2023 Q2 ending on June 30 2023, which is a 0.5% increase from the same period in the prior year. Net income decreased to USD -38.4 million, compared to -31.5 million in the prior year.
Price History
The results showed that XPERI INC stock opened at $12.5 and closed at $12.4, down by 2.3% from prior closing price of 12.7. The financial results demonstrated that the company had achieved positive results despite the challenging economic conditions. Overall, XPERI INC reported strong financial results and has continued to show steady growth. With the company’s solid performance, investors are optimistic about the future of the company and what it can do in the coming years. 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
At GoodWhale, we have performed an analysis of XPERI INC‘s fundamentals to determine its risk rating. After careful review, we determined that XPERI INC is a medium risk investment in terms of financial and business aspects. We also detected 2 risk warnings in XPERI INC’s balance sheet and financial journal. If you’d like to learn more, register on goodwhale.com and check out our detailed report. We’ve included insights and actionable steps for investors to make educated decisions. 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’s financial performance for the second quarter of FY2023 ending on June 30th showed an overall positive growth. Total revenue experienced a 0.5% growth compared to the same period in the last fiscal year, amounting to USD 126.9 million.
However, net income decreased from -31.5 million to -38.4 million. For investors, this indicates that despite the increase in revenue, XPERI Inc is still struggling to make a profit for its stakeholders. As such, interested investors should keep a close eye on the company’s long-term performance in order to get an accurate picture of its financial health.
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