Xperi Stock Price, News & Analysis

Xperi Holding Corporation (XPER) released its 2022 Vehicle Predictions report, revealing consumer apprehensions about autonomous vehicles. A survey of nearly 2,000 car owners shows 38% express interest in self-driving cars, but 69% currently distrust the technology. Despite safety concerns, 80% predict self-driving cars will be common in the future. The report highlights the anticipated growth of electric vehicles, with 34% believing EVs will outsell gasoline vehicles in five years. Consumers envision cars as multifunctional spaces, with flying cars potentially becoming a reality within a decade.

Xperi Holding Corporation (NASDAQ: XPER) launched the DTS AutoSense single camera solution at CES 2022, improving driver and occupancy sensing functionality while lowering integration costs. This technology addresses rising vehicle safety concerns and meets global regulatory standards. The solution enhances user experience through features like distraction detection and employs AI for reliability. During the event, Xperi emphasized the importance of in-cabin safety, aligning with consumer demand for safer vehicles as traffic accidents remain a leading cause of fatalities.

Xperi Holding Corporation (NASDAQ:XPER) announced the appointment of Tonia O’Connor to its Board of Directors, effective December 30, 2021. O’Connor brings extensive experience from the media and IP industries, having served as CEO of Chopra Global and previously at Univision Communications, where she managed a multi-billion-dollar portfolio. Her expertise is expected to strengthen Xperi's leadership. CEO Jon Kirchner expressed enthusiasm for her addition, citing her valuable background in technology and intellectual property negotiations.

Xperi Holding Corporation (NASDAQ: XPER) has announced a partnership with Vestel to incorporate DTS Play-Fi technology into Vestel's TVs. This collaboration aims to enhance the audio experience with features like surround sound and whole-home streaming, leveraging Play-Fi's capabilities over standard Wi-Fi. Vestel, a significant player in consumer electronics, will enable broader access to DTS Play-Fi's advanced audio technologies. This partnership is expected to increase consumer choice in the wireless audio market, benefiting both companies.

Xperi Holding Corporation (NASDAQ: XPER) released findings from a national survey indicating that 86% of consumers are more inclined to purchase vehicles with advanced safety-focused computer vision systems. 98% of respondents prioritize safety in vehicle purchases. The study highlights potential consumer demand among younger demographics, with 92% of Millennials favoring vehicles equipped with features that detect driver drowsiness and ensure child safety. The research underscores the increasing interest in vehicle personalization and safety technology.

Xperi Holding Corporation (NASDAQ: XPER) announced that its DTS Play-Fi technology was recognized as a CES 2022 Innovation Awards Honoree. This accolade includes two products: DTS Play-Fi Home Theater in the Smart Home category and DTS Play-Fi apps for Android, Android TV, and iOS in the Software & Mobile App category. The awards, bestowed by the Consumer Technology Association, highlight outstanding design and engineering. DTS Play-Fi enhances home entertainment through high-fidelity audio streaming across multiple devices.

Xperi Holding Corporation (Nasdaq: XPER) reported third-quarter 2021 financial results, showcasing revenue of $219.4 million, an 8.2% increase year-over-year. Despite supply chain challenges, the company achieved cash flow from operations of $82.9 million and repurchased $24.8 million in stock. Notable business developments included the IP licensing segment's revenue of $101.6 million and the TiVo Stream platform expansion. The full-year revenue forecast was narrowed to $870M to $890M, with improved operating cash flow guidance.

IMAX, in partnership with Disney and Xperi, announces the launch of IMAX Enhanced on Disney+, debuting on November 12. This service allows fans to stream 13 Marvel titles in IMAX's Expanded Aspect Ratio, offering up to 26% more picture. Key films include Shang-Chi, Avengers: Endgame, and Black Panther, enhancing the home viewing experience. The collaboration aims to provide immersive audio and visual technology in the future. The Marvel Cinematic Universe has grossed over $1.6 billion in IMAX, solidifying its dominance in the market.

Xperi Holding Corporation (NASDAQ: XPER) will announce its Q3 financial results on November 8, 2021, after market close. An earnings conference call will be held at 2:00 PM PT (5:00 PM ET) that same day, with access available via phone and webcast. Xperi specializes in innovative technologies that enhance entertainment and smart devices, with offerings integrated into billions of consumer products globally.