Q1 2023 Xperi Inc Earnings Call Transcript

May 09, 2023 / 09:00PM GMT
Operator

Good day, everyone. Thank you for standing by. Welcome to the Xperi First Quarter 2023 Earnings Conference Call. (Operator Instructions)

I would now like to turn the call over to Mike Iburg, Xperi's Head of Investor Relations. Mike, please go ahead.

Michael R. Iburg - Xperi Inc. - VP of IR

Good afternoon, and thank you for joining us as Xperi reports its first quarter 2023 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 comparisons are to the same quarter in the prior year. In addition, the first quarter of 2022 was calculated on a carve-out basis prior to Xperi's separation from Xperi Holding Corporation on October 1, 2022. Xperi Holding Corporation is now known

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