[Text has been corrected to clarify the financial period being described in the sixth paragraph.]
Xperi says a major Japanese carmaker has signed on for its DTS AutoStage hybrid radio platform.
In announcing first quarter financial results, Xperi did not identify the carmaker but called the agreement “a major design win.” Big Japanese carmakers include brands like Toyota, Honda, Nissan, Suzuki, Daihatsu and Mazda, with Toyota being the largest.
“This global program is expected to incorporate AutoStage into vehicles in North America starting later this year, followed by Europe and Asia in 2024,” Xperi said.
This would be the first Japanese carmaker to sign on; Xperi also has DTS AutoStage agreements with Mercedes, the Hyundai Group (Hyundai, Genesis, Kia) and Tesla. It continues to work to sign up as many carmakers as it can for the infotainment and hybrid radio system.
The company reported that it also recently renewed an HD Radio license agreement with Harman, a major Tier 1 automotive supplier, “which we expect will continue to incorporate HD Radio into millions of cars over the next six years.”
Xperi Inc. reported a net loss of $32.9 million for the first three months of this year, compared to a loss of $30.5 million for the same period last year. Revenue increased to $126.8 million.
The company’s brands include TiVo, DTS, IMAX Enhanced and HD Radio. In October it split off from what is now called Adeia and began trading on the New York Stock Exchange. It announced at the time that it aimed to build a media platform called TiVo OS to address what it called “gaps left by Big Tech, Roku and others” to serve smart TV OEMs and their monetization efforts.
