M&A - Xperi Inc.

Form Type: 10-Q

Filing Date: 2025-05-08

Corporate Action: Merger

Type: Update

Accession Number: 000095017025067036

Filing Summary: This quarterly report details Xperi Inc.'s financial performance for the period ending March 31, 2025, highlighting a revenue decline from $118,844,000 in Q1 2024 to $114,033,000 in Q1 2025. The report outlines operating expenses totaling $130,473,000, creating an operating loss of $16,440,000. After accounting for other income and losses, the net loss attributable to the company was $18,366,000, translating to a loss per share of $0.41. The balance sheet highlights total assets of $633,476,000 and total liabilities of $214,574,000, implying substantial operating pressures. Furthermore, the report includes forward-looking statements regarding potential revenue impacts due to market conditions, acquisitions, divestitures, and ongoing cash flow considerations, particularly surrounding the company's merger with TiVo and other strategic initiatives.