Xperi Corporation (NASDAQ:XPER) Q2 2017 Earnings Conference Call - Final Transcript

Jul 27, 2017 • 05:00 pm ET

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Xperi Corporation (NASDAQ:XPER) Q2 2017 Earnings Conference Call - Final Transcript

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Presentation
Executive
Robert Andersen

September 08, 2017 to shareholders of record on August 18, 2017.

As a combined company, we plan to continue the payment of a dividend on a quarterly basis and as I've stated previously, we plan to focus primarily on debt paydown for 2017.

Let me now turn to outlook. As a reminder, our revenue outlook for 2017 excludes approximately $51 million in contributions from DTS due to the impact of purchase accounting with approximately $7 million impact in the third quarter. Please refer to Slide 22 in our Q2 Investor Deck for additional detail.

For the third quarter, we expect total revenue to be between $90 million and $97 million. This includes approximately $7 million of impact from purchase accounting. While Q3 guidance does not include any contribution from a settlement with Broadcom or new license with Samsung, we expect to resolve at least one of these matters prior to year-end. As such, we are not making any changes to our annual guidance range.

We expect GAAP loss per share of between $0.31 and $0.19 and non-GAAP income per share between $0.30 and $0.39.

That concludes our prepared remarks. We'll now open the call to your questions.