XPERI INC Reports Record Earnings for Q2 FY 2023
August 13, 2023
🌥️Earnings Overview
XPERI INC ($NYSE:XPER) revealed their earnings results for the second quarter of FY 2023, which ended on June 30 2023, on August 9 2023. The total revenue for the period was USD 126.9 million, a slight 0.5% growth compared to the same quarter in the previous year. Net income came in at USD -38.4 million, compared to -31.5 million from the previous year.
Stock Price
XPERI INC announced on Wednesday that they had reported record earnings for the second quarter of fiscal year 2023. The company’s stock opened at $12.5 and closed at $12.4, down by 2.3% from its prior closing price of 12.7. This downward movement followed XPERI INC’s impressive financial results which boasted year-on-year increases in both sales and net income for the period.
Given the positive results, XPERI INC announced that it will be expanding its product offerings in the coming quarters, which is expected to further bolster their earnings going forward. With a strong track record of performance and an optimistic outlook, investors have good reasons to remain bullish on XPERI INC’s prospects for the future. 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
GoodWhale has conducted an analysis of XPERI INC‘s financials and has concluded that the company is a medium risk investment. We have identified two risk warnings in their balance sheet and financial journal. We urge potential investors to become registered users of GoodWhale in order to access and review this information. We took into account various aspects of the financials of XPERI INC, including liquidity, profitability, and solvency, to reach our risk rating. We want to ensure that potential investors are aware of the risks associated with the company and are armed with the best possible information prior to making any investment decisions. At GoodWhale, we strive to provide our users with the most comprehensive and up-to-date financial analysis available. We are committed to helping investors make informed decisions when it comes to investing their hard earned money. 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
Investors in XPERI INC should consider the company’s recent second quarter of fiscal year 2023 earnings results when deciding on their investment strategy. The total revenue for the quarter increased by 0.5% year-over-year to USD 126.9 million, while net income was USD -38.4 million, a decrease from the previous year’s -31.5 million. Although the revenue growth is modest, the improved net income indicates more successful cost management and could be a sign of future profitability. Investors should monitor XPERI INC’s performance closely to see if the current strategies are successful in driving long-term growth.
