Xperi Inc. (NYSE:XPER) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET

Company Participants

Mike Iburg – Head-Investor Relations
Jon Kirchner – Chief Executive Officer
Robert Andersen – Chief Financial Officer

Conference Call Participants

Hamed Khorsand – BWS Financial
Matthew Galinko – Maxim Group

Operator

Thank you for standing by. My name is Krista and I will be your conference operator today. At this time, I would like to welcome everyone to the Xperi First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the conference over to Mike Iburg, Head of Investor Relations. Mike, you may begin your conference.

Mike Iburg

Thanks Krista. Good afternoon and thank you for joining us as Xperi reports its first quarter 2024 financial results. With me on today's call are Jon Kirchner, Chief Executive Officer and Robert Andersen, Chief Financial Officer. In addition to today’s earnings release, there is an earnings presentation, which you can access along with this webcast on our Investor Relations website at investor.xperi.com.

Before we begin, I’d like to provide a few reminders. First, I would like to note that unless otherwise stated, all quarterly comparisons are to the same quarter in the prior year. Second, today's discussions 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 discussed today, please refer to the risk factors and MD&A section of our SEC filings, including our most recent Form 10-K and 10-Q. 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.

Third, we refer to certain non-GAAP financial measures, which are detailed in the earnings release and accompanied by reconciliations to the most directly comparable GAAP measures, which can be found in the Investor Relations section of our website.

Lastly, a replay of this conference call will be available on our website shortly after the conclusion of this call.

I will now turn the call over to Xperi’s CEO, Jon Kirchner.

Jon Kirchner