Welcome to our dedicated page for Xperi news (Ticker: XPER), a resource for investors and traders seeking the latest updates and insights on Xperi stock.
Xperi Inc (XPER) is a leading technology innovator specializing in intellectual property licensing and consumer experience solutions across entertainment, connected devices, and automotive markets. This page serves as the definitive source for official Xperi news and announcements, providing stakeholders with timely updates on strategic developments.
Investors and industry observers will find curated press releases covering technology partnerships, product innovations, and licensing agreements across Xperi's core segments: consumer electronics, pay-TV solutions, connected car technologies, and platform services. The repository includes updates on intellectual property milestones, market expansions, and operational achievements that demonstrate the company's market leadership.
All content is verified from primary sources to ensure accuracy and compliance with financial disclosure standards. Users can expect comprehensive coverage of earnings announcements, strategic collaborations, and technology deployments that shape Xperi's position in global markets. Bookmark this page for direct access to unfiltered updates about XPER's contributions to entertainment technology and connected experiences.
Xperi Inc. reported its first quarter 2024 financial results, showing solid growth in connected car, media platform, and video-over-broadband despite a decline in revenue due to divestitures. The company expects significant long-term revenue growth and margin expansion driven by TiVo OS, video-over-broadband, and connected car deployments. Financial highlights include a GAAP operating loss and net loss, while non-GAAP metrics show a slight operating loss and positive adjusted EBITDA. Recent achievements include new partnerships for smart TVs, increased penetration of HD Radio in vehicles, and continued growth in video-over-broadband subscribers. The company remains focused on its strategic initiatives and expects to achieve its multi-year targets. The financial outlook for fiscal year 2024 reaffirms revenue guidance and adjusted EBITDA margin expectations.
Rubric Capital Management sent a letter to Xperi Inc. stockholders advocating for the replacement of current directors with their nominees, citing poor total shareholder return and ineffective oversight. Rubric's nominees, Thomas A. Lacey and Deborah S. Conrad, are highlighted for their qualifications and commitment to driving stockholder value.
Xperi Inc. (NYSE: XPER) faces opposition from activist stockholder Rubric Capital at the 2024 Annual Meeting. Director Christopher Seams supports targeted directors Darcy Antonellis and David Habiger, highlighting their contributions to Xperi's transformation. Seams contrasts their expertise with Rubric's nominees lacking experience. Xperi emphasizes its growth, revenue increase, and share repurchase plan.
Rubric Capital Management responds to Xperi Inc.'s amended investor presentation, highlighting the company's falsified version of performance and dilution issues, urging stockholders to vote for Rubric's nominees. Rubric criticizes Xperi's board members for presiding over significant losses and exemplifies the company's aggressive stock-based compensation practices. Rubric aims to restore accountability and performance culture through its director nominees.
Rubric Capital Management issues an open letter to Xperi Inc. stockholders, criticizing the company's misleading investor presentation. The letter addresses Xperi's underperformance, share repurchase program, dilution claims, executive compensation, Perceive expense characterization, director ownership, missed targets, and negotiation behavior. Rubric urges stockholders to vote for its nominees to restore accountability and alignment on the Xperi Board.
Xperi Inc. published an investor presentation highlighting the company's transformation into a standalone product-focused technology company. The Board urges stockholders to vote 'FOR' all five of Xperi's nominees at the upcoming annual meeting. Xperi's strategy has led to consistent revenue growth and increased stockholder value. The Board emphasizes the importance of maintaining the current directors to ensure the company's continued success.
Rubric Capital Management released a presentation highlighting the urgent need for change in Xperi Inc. The presentation outlines strategic, operating, and compensation failures under the current Board and emphasizes the experience and skills of Rubric's nominees to restore stockholder value.
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