Thursday, February 02, 2012 2:23:40 AM
You might note the company has almost $11/share in cash and the only reasons they had a loss last year was because of a goodwill impairment charge of about $50 Million associated with their stock price temporarily dropping below book value
http://files.shareholder.com/downloads/TSRA/1652186430x0x537029/A7407A21-7850-4659-9B59-7B70AD301699/Q4_2011_Prepared_Remarks_Final.pdf
some key excerpts from their last CC prepared statement....
The Company had a GAAP net loss of $19.3 million, or ($0.38) per basic share for 2011, which included a third quarter goodwill impairment charge of $49.7 million, all of which related to the DigitalOptics segment. Non-GAAP net income was $60.7 million, or $1.15 per diluted share.
In 2011, Invensas launched xFD. xFD is a patented semiconductor packaging technology that reduces packaging costs, improves the performance of memory packages containing multiple face down die, and provides system manufacturers the opportunity to use less costly printed circuit board technologies. xFD is an example of a technology that may be adopted in the near term for use in the DRAM memory stacking space. In October 2011, Invensas announced NANIUM S.A. was the first company offering an implementation of Invensas’s xFD packaging technology in volume. Invensas is working with system manufacturers, memory chip manufacturers and assembly and test companies to speed adoption of xFD technology.
The DigitalOptics segment offers products that include licensable image processing technologies such as auto-focus, zoom, red-eye correction, face tracking, smile and blink detection, which are in nearly 90% of all digital still cameras in the market today and are embedded in mobile phones from six of the top ten OEMs. DOC is taking this proven technology and transitioning these components into the mobile imaging market. It is also on track in 2012 to deliver its latest component, a Micro Electro Mechanical Systems (MEMS) auto-focus actuator.
DigitalOptics MEMS technology has met and exceeds the performance and reliability requirements based on test criteria from multiple Tier 1 mobile phone makers and DOC is working on the supply chain to support the anticipated high volume production. DOC expects a design win for its MEMS Auto-Focus in the first half of 2012, with revenue starting in the fourth quarter of 2012. This is a $1 billion market opportunity, with a current incumbent technology called Voice Coil Motor (VCM) that we believe MEMS will replace because of its multi-faceted technical superiority to VCM. MEMS has a smaller footprint and is thinner than VCM; has 7x faster auto-focus time; consumes 1/300th of the power; and has significantly more precise and continuous auto-focus, required for optimal video on mobile phones.
The MEMS auto-focus actuator is just one component of the larger camera module, however. The camera module’s primary components are image sensor, lens, lens barrel, algorithms, etc. DOC has many of these components, protected by high value IP and differentiated by multiple breakthrough technological features. The next step in DOC’s vision of bringing the DOC ‘standard’ to the mobile imaging market is to become a vertically integrated camera module supplier, either through partnerships, contract manufacturing, or becoming a manufacturer itself. As a vertically integrated provider, DOC will be able to effectively compete in the camera module business, which today is a highly fragmented commodity market worth $9 billion. DOC anticipates being able to provide integrated camera modules starting in 2013.
Recent XPER News
- TiVo Expands European Presence with Advanced Content Discovery Platform and TiVo Broadband • Business Wire • 09/10/2024 08:00:00 AM
- TiVo Announces Expanded Availability of Smart TVs Powered by TiVo Across Its OEM Partners • Business Wire • 09/04/2024 08:00:00 AM
- DTS Launches Clear Dialogue to Improve Dialogue Intelligibility on TVs • Business Wire • 09/04/2024 08:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 08:38:01 PM
- TiVo Broadband Adds Five New Operators • Business Wire • 08/19/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 08:05:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:15:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:15:10 PM
- Xperi Inc. Announces Second Quarter 2024 Results • Business Wire • 08/05/2024 08:05:00 PM
- Most Listened-To Songs In-Vehicle for Q2 2024, Revealed by Xperi • Business Wire • 07/23/2024 01:30:00 PM
- Xperi to Release Second Quarter 2024 Results on August 5, 2024 • Business Wire • 07/10/2024 08:05:00 PM
- DTS Reports Radio Remains Crucial While Video and Gaming Surge In-Vehicle • Business Wire • 06/12/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:04:21 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:02:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/10/2024 08:10:10 PM
- Xperi Announces Appointment of Two New Independent Directors • Business Wire • 06/10/2024 08:05:00 PM
- KKR, CrowdStrike Holdings and GoDaddy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 • PR Newswire (US) • 06/07/2024 10:09:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 10:15:33 AM
- Rubric Capital Management Issues Open Letter to Xperi Inc. Stockholders Regarding 2024 Annual Meeting Results • Business Wire • 05/28/2024 09:00:00 PM
- Stockholders Re-Elect All Five Xperi Incumbent Directors at 2024 Annual Meeting • Business Wire • 05/24/2024 12:52:00 PM
- Xperi’s Independent Media Platform Expands With TiVo One, a Cross-Screen Ad Platform for Maximizing Engagement and Monetization • Business Wire • 05/21/2024 12:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/21/2024 11:44:56 AM
- All Three Leading Independent Proxy Advisory Firms Support All Xperi Board Candidates • Business Wire • 05/21/2024 11:15:00 AM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/17/2024 12:00:26 PM
- Xperi Issues Letter to Shareholders Highlighting Actions Taken to Position the Company to Create Long-Term Value • Business Wire • 05/17/2024 11:15:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM