Founder, BWS Financial Inc

Hamed Khorsand

Founder

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BWS Financial Inc

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Equity Bottom-Up

<ul>
<li>XPER reported fourth quarter results mostly in line with our estimates, but the progress made on each of its product lines is the highlight of the report</li>
<li>XPER has added customers for its TV operating system (“TVOS”), IPTV solution, connected car, and has grown the number of people using its media platform</li>
<li>The increase in the number of automobile OEMs electing to use AutoStage is on the rise with XPER’s CEO setting the goal of one video integration win this year</li>
</ul>


XPER reported fourth quarter results mostly in line with our estimates, but the progress made on each of its product lines is the highlight of the report
XPER has added customers for its TV operating system (“TVOS”), IPTV solution, connected car, and has grown the number of people using its media platform
The increase in the number of automobile OEMs electing to use AutoStage is on the rise with XPER’s CEO setting the goal of one video integration win this year


<ul>
<li>XPER is gaining momentum within the car and TV, setting up the potential for the second half of the year outperforming expectations.</li>
<li>The additional customer wins are poised to put XPER on pace to grow adjusted EBITDA over 2023 levels. Additionally, these wins could be large enough to generate broader interest.</li>
<li>During CES, XPER announced new design win at Argos, a United Kingdom based brand, and disclosed Konka, a Chinese TV maker, was the previously unnamed third TVOS partner</li>
</ul>


XPER is gaining momentum within the car and TV, setting up the potential for the second half of the year outperforming expectations.
The additional customer wins are poised to put XPER on pace to grow adjusted EBITDA over 2023 levels. Additionally, these wins could be large enough to generate broader interest.
During CES, XPER announced new design win at Argos, a United Kingdom based brand, and disclosed Konka, a Chinese TV maker, was the previously unnamed third TVOS partner


<ul>
<li>XPER is streamlining its operations by divesting its AutoSense and image sensing product lines to strategically refocus on the burgeoning entertainment sector</li>
<li>XPER is selling AutoSense and the image sensor business to Tobii for $42.7 million plus a performance fee</li>
<li>XPER estimates revenue loss from the divesture would be approximately $30 million with adjusted EBITDA moving up</li>
</ul>


XPER is streamlining its operations by divesting its AutoSense and image sensing product lines to strategically refocus on the burgeoning entertainment sector
XPER is selling AutoSense and the image sensor business to Tobii for $42.7 million plus a performance fee
XPER estimates revenue loss from the divesture would be approximately $30 million with adjusted EBITDA moving up


<ul>
<li>XPER reported third quarter results in line with our forecast and reaching an inflection point in revenue where the operating leverage of the business becomes visible.</li>
<li>Ahead of the results, there had been worries over XPER’s exposure to consumer electronics and pay TV industries that could cripple revenue growth.</li>
<li>XPER reported third quarter revenue of $130.4 million compared to our forecast of $130.9 million. Adjusted EBITDA reached $9.3 million compared to our forecast of $9.2 million</li>
</ul>


XPER reported third quarter results in line with our forecast and reaching an inflection point in revenue where the operating leverage of the business becomes visible.
Ahead of the results, there had been worries over XPER’s exposure to consumer electronics and pay TV industries that could cripple revenue growth.
XPER reported third quarter revenue of $130.4 million compared to our forecast of $130.9 million. Adjusted EBITDA reached $9.3 million compared to our forecast of $9.2 million


<ul>
<li>XPER reported second quarter results underscoring the progress the Company has made in securing new design wins and revenue opportunities for its connected car and media platform segments</li>
<li>Simultaneous with the second quarter results, XPER announced Sharp would use TiVo operating system for smart TVs starting in 2024</li>
<li>New design wins for DTS AutoSense and DTS AutoStage are expected to translate into revenue towards the end of 2024</li>
</ul>


XPER reported second quarter results underscoring the progress the Company has made in securing new design wins and revenue opportunities for its connected car and media platform segments
Simultaneous with the second quarter results, XPER announced Sharp would use TiVo operating system for smart TVs starting in 2024
New design wins for DTS AutoSense and DTS AutoStage are expected to translate into revenue towards the end of 2024


United States

Xperi Holding Corp creates, develops, and licenses audio, computational imaging, computer vision and semiconductor packaging and interconnect technologies. The Company offers its products and solutions to mobile, home, datacenter, and automotive industries.

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Xperi (XPER US)

XPER: Streaming Execution

XPER continues to show progress in adding new customers and moving further into reaching profitability. The increase in the number of customers...

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XPER: More Wins from CES

XPER has garnered wider support from TV makers for the Company's TV operating system. This should lead to more potential partners as TV makers look...

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XPER: The Sense Behind the Cents

XPER is divesting AutoSense due to high operating costs and to allow the Company to focus on entertainment. Improved profitability and an easier...

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XPER: Scaled for Growth

XPER gained additional customers within each of its product segments. We expect these design wins to contribute to revenue in 2024 and more so in 2025

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XPER: Connected Car Connected Earnings

XPER reported slightly better than our forecast Q2 results. More importantly, XPER disclosed additional customer wins for TiVo OS and DTS...

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