SAN JOSE, Calif. — (BUSINESS WIRE) — November 6, 2019 — Xperi Corporation (Nasdaq: XPER) (the “Company” or “we”) today announced financial results for the third quarter ended September 30, 2019.
“We delivered a solid third quarter with a continued focus on operational execution. Billings were at the mid-point of our range, while operating expenses came in lower than anticipated, driving strong operating cash flow performance of $35 million for the quarter and $104 million year-to-date,” said Jon Kirchner, chief executive officer. “As we work to move the business forward, we will continue to focus on clearly differentiated innovation for the home, mobile, and automotive markets.”
Financial Highlights
($ and share count in thousands)
|
GAAP |
|
Non-GAAP |
|||||||||||
|
Q3 2019 |
Q3 2018 |
|
Q3 2019 |
Q3 2018 |
|||||||||
Billings 1 |
$ |
90,629 |
$ |
100,587 |
|
$ |
90,629 |
$ |
100,587 |
|||||
Total Operating Expense 2 |
$ |
83,394 |
$ |
92,126 |
|
$ |
50,260 |
$ |
57,465 |
|||||
Interest Expense 1 |
$ |
5,506 |
$ |
6,343 |
|
$ |
5,506 |
$ |
6,343 |
|||||
Other Income 2 |
$ |
429 |
$ |
1,737 |
|
$ |
583 |
$ |
726 |
|||||
Cash Tax (net of refunds) 1 |
$ |
5,917 |
$ |
4,462 |
|
$ |
5,917 |
$ |
4,462 |
|||||
|
|
|
|
|
|
|||||||||
| Diluted Shares Outstanding |
49,459 |
48,958 |
|
52,233 |
51,776 |
|||||||||
