Xperi Holding Corp (NYSE:XPER) Q1 2022 Earnings Conference Call May 9, 2022 5:00 PM ET

Company Participants

Jill Koval - Xperi

Jon Kirchner - CEO, President & Director

Robert Andersen - CFO

Conference Call Participants

Matthew Galinko - Sidoti & Company

Hamed Khorsand - BWS Financial

Richard Shannon - Craig-Hallum

Operator

Good day, everyone. Thank you for standing by. Welcome to Xperi First Quarter 2022 Earnings Conference Call. [Operator Instructions].

I would now like to turn the call over to Jill Koval from Xperi. Jill, please go ahead.

Jill Koval

Good afternoon, everyone, and thank you for joining us as we report our first quarter 2022 financial results. With me on the call today are Jon Kirchner, Chief Executive Officer; and Robert Andersen, Chief Financial Officer. In addition to today's earnings, there is also an earnings presentation, which you can access along with the webcast on our IR website.

Before we begin, I would like to provide 2 reminders. First, today's discussion contains forward-looking statements that are predictions, projections or other statements about future events, which are based on management's current expectations and beliefs and therefore, subject to risks, uncertainties and changes in circumstances. For more information on the risks and uncertainties that could cause our actual results to differ materially from what we discuss today, please refer to the Risk Factors section in our SEC filings, including our Annual Report on Form 10-K. Please note that the company does not intend to update or alter these forward-looking statements to reflect events or circumstances arising after this call.

Second, we refer to certain non-GAAP financial measures, which exclude one-time or ongoing non-cash acquired intangibles amortization charges, costs related to actual or planned business combinations, including transaction fees, integration costs, severance, facility closures and retention bonuses, separation costs, stock-based compensation, loss on debt extinguishment, expense debt refinancing costs and related tax effects. We have provided reconciliations of these non-GAAP measures to the most directly comparable GAAP measures in the earnings release and on the Investor Relations section of our website. The recording of this conference call will be available on our Investor Relations website at www.xperi.com.

I'll now turn the call over to Xperi's CEO, Jon Kirchner.

Jon Kirchner

Thank you, Jill, and thank you, everyone for joining us. While we continue to operate in a volatile macro environment, the financial results of the first quarter demonstrate the continued progress that we're making against our strategic priorities and increases our confidence in our full year trajectory.