Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Second Quarter of 2024 Ended December 31, 2023
SUNNYVALE, Calif.--(BUSINESS WIRE)--February 6, 2024--Alpha and Omega Semiconductor Limited ("AOS") (NASDAQ: AOSL) today reported financial results for the fiscal second quarter of 2024 ended December 31, 2023.
The results for the fiscal second quarter of 2024 ended December 31, 2023 were as follows:
|
GAAP Financial Comparison |
||||||||||||
|
Quarterly |
||||||||||||
|
(in millions, except percentage and per share data) |
||||||||||||
|
(unaudited) |
||||||||||||
|
Three Months Ended |
||||||||||||
|
December 31, |
September 30, |
December 31, |
||||||||||
|
Revenue |
$ |
165.3 |
$ |
180.6 |
$ |
188.8 |
||||||
|
Gross Margin |
26.6 |
% |
28.2 |
% |
28.1 |
% |
||||||
|
Operating Income (Loss) |
$ |
(1.1 |
) |
$ |
9.4 |
$ |
8.8 |
|||||
|
Net Income (Loss) |
$ |
(2.9 |
) |
$ |
5.8 |
$ |
6.3 |
|||||
|
Net Income (Loss) Per Share - Diluted |
$ |
(0.10 |
) |
$ |
0.19 |
$ |
0.21 |
|
Non-GAAP Financial Comparison |
||||||||||||
|
Quarterly |
||||||||||||
|
(in millions, except percentage and per share data) |
||||||||||||
|
(unaudited) |
||||||||||||
|
Three Months Ended |
||||||||||||
|
December 31, |
September 30, |
December 31, |
||||||||||
|
Revenue |
$ |
165.3 |
$ |
180.6 |
$ |
188.8 |
||||||
|
Non-GAAP Gross Margin |
28.0 |
% |
28.8 |
% |
29.5 |
% |
||||||
|
Non-GAAP Operating Income |
$ |
8.4 |
$ |
11.2 |
$ |
22.8 |
||||||
|
Non-GAAP Net Income |
$ |
7.2 |
$ |
9.9 |
$ |
20.0 |
||||||
|
Non-GAAP Net Income Per Share - Diluted |
$ |
0.24 |
$ |
0.33 |
$ |
0.67 |
The non-GAAP financial measures in the schedule above and under the section "Financial Results for Fiscal Q2 Ended December 31, 2023" below exclude the effect of share-based compensation expenses, amortization of purchased intangible, legal costs related to government investigation, equity method investment (income) loss from equity investee, and income tax effect of non-GAAP adjustments in each of the periods presented. A detailed reconciliation of GAAP and non-GAAP financial measures is included at the end of this press release.
Financial Results for Fiscal Q2 Ended December 31, 2023
- Revenue was $165.3 million, a decrease of 8.5% from the prior quarter and a decrease of 12.4% from the same quarter last year.
- GAAP gross margin was 26.6%, down from 28.2% in the prior quarter and down from 28.1% in the same quarter last year.
- Non-GAAP gross margin was 28.0%, down from 28.8% in the prior quarter and down from 29.5% in the same quarter last year.
- GAAP operating expenses were $45.1 million, up from $41.5 million in the prior quarter and up from $44.3 million in the same quarter last year.
- Non-GAAP operating expenses were $37.9 million, down from $40.8 million from last quarter and up from $32.8 million in the same quarter last year.
- GAAP operating loss was $1.1 million, down from $9.4 million of operating income in the prior quarter and down from $8.8 million of operating income in the same quarter last year.
- Non-GAAP operating income was $8.4 million as compared to $11.2 million of operating income for the prior quarter and $22.8 million of operating income for the same quarter last year.
- GAAP net loss per diluted share was $0.10, compared to $0.19 net income per share for the prior quarter, and $0.21 net income per share for the same quarter a year ago.
- Non-GAAP net income per share was $0.24 compared to $0.33 net income per share for the prior quarter and $0.67 net income per share for the same quarter a year ago.
- Consolidated cash flow used in operating activities was $23.5 million, as compared to $13.8 million of cash flow provided by operating activities in the prior quarter.
- The Company closed the quarter with $162.3 million of cash and cash equivalents.
AOS Chief Executive Officer Stephen Chang commented, "Our fiscal Q2 results were in-line with our guidance driven by continued recovery across notebooks, desktop, smartphones, and power tools, offset by ongoing inventory correction in gaming and weak demand for quick chargers and solar."
Mr. Chang continued, "Beyond normal seasonality, there are promising signs suggesting the cycle has bottomed. AOS's diverse product portfolio is mitigating short-term unpredictability while preparing us to take advantage of a broader market resurgence in the second half of calendar 2024 - especially as customers unveil new products featuring integrated power solutions with higher BOM content. More specifically, we are seeing encouraging near-term strength in graphics cards, AI accelerators for data centers, smartphones from Chinese OEMs, and e-mobility. We are confident that our leading technology, extensive and diverse product range, and Tier 1 customer base strategically positions AOS to navigate through the current cycle and thrive in the forthcoming one."
Business Outlook for Fiscal Q3 Ending March 31, 2024
The following statements are based on management's current expectations. These statements are forward-looking, and actual results may differ materially. AOS undertakes no obligation to update these statements.
Our expectations for the fiscal third quarter of year 2024 are as follows:
- Revenue to be approximately $150 million, plus or minus $10 million.
- GAAP gross margin to be 23.5%, plus or minus 1%. We anticipate non-GAAP gross margin to be 25.0%, plus or minus 1%. The quarter-over-quarter decrease in gross margin mainly reflects the lower factory utilization due to the seasonality and the Lunar New Year holiday.
- GAAP operating expenses to be in the range of $46.7 million, plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $39.5 million, plus or minus $1 million.
- Interest expense to be approximately $1.0 million, and
- Income tax expense to be approximately $1.1 million.
Conference Call and Webcast
AOS plans to hold an investor teleconference and live webcast to discuss the financial results for the fiscal second quarter ended December 31, 2023 today, February 6, 2024 at 2:00 p.m. PT / 5:00 p.m. ET. To listen to the live conference call, please dial +1 (833) 470-1428 or +1 (404) 975-4839 if dialing from outside the United States and Canada. The access code is 798862. A live webcast of the call will also be available in the "Events & Presentations" section of the company's investor relations website, http://investor.aosmd.com. The webcast replay will be available for seven days after the live call on the same website. In addition, a copy of the script of management's prepared remarks and a live webcast of the call will also be available in the "Events & Presentations" section of the company's investor relations website, http://investor.aosmd.com.
Forward-Looking Statements
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, market trends in the semiconductor industry, our ability to mitigate economic downturns and current cycles, seasonality of our business, our ability to penetrate new markets and achieve long-term growth, our ability to improve our financial performance in 2024, our projected amount of revenue, gross margin, operating income (loss), income tax expenses, net income (loss), and share-based compensation expenses, non-GAAP gross margin, non-GAAP operating expenses, income tax expenses, our ability to continue to win and acquire market share and other information under the section entitled "Business Outlook for Fiscal Q3 Ending March 31, 2024". Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the state of semiconductor industry and seasonality of our markets; government policies on our business operations in China; our lack of control over the joint venture in China; difficulties and challenges in executing our diversification strategy into different market segments; tariffs on goods from China; ordering pattern from distributors and seasonality; changes in regulatory environment and government investigation; our ability to introduce or develop new and enhanced products that achieve market acceptance; decline of PC markets; the actual product performance in volume production; the quality and reliability of our product, our ability to achieve design wins; the general business and economic conditions; our ability to maintain factory utilization at a desirable level; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2023 filed by AOS with the SEC and other periodic reports we filed with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and AOS undertakes no duty to update such information, except as required under applicable law.
Use of Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented on a basis consistent with U.S. GAAP, we disclose certain non-GAAP financial measures for our historical performance, including non-GAAP gross profit, gross margin, operating expenses, operating income (loss), net income (loss), diluted earnings per share ("EPS") and EBITDAS. These supplemental measures exclude, among other items, share-based compensation expenses, legal and profession fees related to government investigation, amortization of purchased intangible, income tax effect of non-GAAP adjustments and equity method investment loss (income) from equity investee. We also disclose certain non-GAAP financial measures in our guidance for the next quarter, including non-GAAP gross margin and operating expenses. We believe that these historical and forecast non-GAAP financial measures provide useful information to both management and investors by excluding certain items and expenses that are not indicative of our core operating results or do not reflect our normal business operations. In addition, our management uses non-GAAP measures to compare our performance relative to forecasts and to benchmark our performance externally against competitors. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as non-GAAP net income (loss) or non-GAAP operating expenses, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. In addition, we included the amount of income tax effect of non-GAAP adjustments in the non-GAAP net income (loss) of reconciliation table for all periods presented as the management believes that such non-GAAP presentation provides useful information to investors, even though the amounts are not significant. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable U.S. GAAP measures both in the text in this press release and in the tables attached hereto. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures.
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer and global supplier of a broad range of power semiconductors, including a wide portfolio of Power MOSFET, IGBT, IPM, TVS, HVIC, GaN/SiC, Power IC and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technologies, product design, and advanced packaging know-how to develop high performance power management solutions. AOS' portfolio of products targets high-volume applications, including portable computers, graphic cards, flat panel TVs, home appliances, smart phones, battery packs, quick chargers, home appliances, consumer and industrial motor controls and power supplies for TVs, computers, servers and telecommunications equipment. For more information, please visit www.aosmd.com.
The following unaudited condensed consolidated financial statements are prepared in accordance with U.S. GAAP.
|
Alpha and Omega Semiconductor Limited |
|||||||||||||||||||
|
Condensed Consolidated Statements of Operations |
|||||||||||||||||||
|
(in thousands, except percentages and per share amounts) |
|||||||||||||||||||
|
(unaudited) |
|||||||||||||||||||
|
Three Months Ended |
Six Months Ended |
||||||||||||||||||
|
December 31, |
September 30, |
December 31, |
December 31, |
December 31, |
|||||||||||||||
|
Revenue |
$ |
165,285 |
$ |
180,633 |
$ |
188,760 |
$ |
345,918 |
$ |
397,236 |
|||||||||
|
Cost of goods sold |
121,284 |
129,708 |
135,719 |
250,992 |
273,067 |
||||||||||||||
|
Gross profit |
44,001 |
50,925 |
53,041 |
94,926 |
124,169 |
||||||||||||||
|
Gross margin |
26.6 |
% |
28.2 |
% |
28.1 |
% |
27.4 |
% |
31.3 |
% |
|||||||||
|
Operating expenses: |
|||||||||||||||||||
|
Research and development |
22,919 |
22,113 |
21,468 |
45,032 |
42,857 |
||||||||||||||
|
Selling, general and administrative |
22,216 |
19,431 |
22,788 |
41,647 |
46,993 |
||||||||||||||
|
Total operating expenses |
45,135 |
41,544 |
44,256 |
86,679 |
89,850 |
||||||||||||||
|
Operating income (loss) |
(1,134 |
) |
9,381 |
8,785 |
8,247 |
34,319 |
|||||||||||||
|
Other income (loss), net |
(472 |
) |
26 |
(903 |
) |
(446 |
) |
(919 |
) |
||||||||||
|
Interest income (expense), net |
274 |
229 |
(397 |
) |
503 |
(1,005 |
) |
||||||||||||
|
Net income (loss) before income taxes |
(1,332 |
) |
9,636 |
7,485 |
8,304 |
32,395 |
|||||||||||||
|
Income tax expense |
894 |
1,138 |
1,659 |
2,032 |
3,033 |
||||||||||||||
|
Net income (loss) before income (loss) from equity method investment |
(2,226 |
) |
8,498 |
5,826 |
6,272 |
29,362 |
|||||||||||||
|
Equity method investment income (loss) from equity investee |
(697 |
) |
(2,712 |
) |
511 |
(3,409 |
) |
3,013 |
|||||||||||
|
Net income (loss) |
$ |
(2,923 |
) |
$ |
5,786 |
$ |
6,337 |
$ |
2,863 |
$ |
32,375 |
||||||||
|
Net income (loss) per common share |
|||||||||||||||||||
|
Basic |
$ |
(0.10 |
) |
$ |
0.21 |
$ |
0.23 |
$ |
0.10 |
$ |
1.18 |
||||||||
|
Diluted |
$ |
(0.10 |
) |
$ |
0.19 |
$ |
0.21 |
$ |
0.10 |
$ |
1.10 |
||||||||
|
Weighted average number of common shares used to compute net income (loss) per share |
|||||||||||||||||||
|
Basic |
27,939 |
27,693 |
27,511 |
27,816 |
27,451 |
||||||||||||||
|
Diluted |
27,939 |
29,786 |
29,576 |
29,830 |
29,499 |
||||||||||||||
|
Alpha and Omega Semiconductor Limited |
|||||||
|
Condensed Consolidated Balance Sheets |
|||||||
|
(in thousands, except par value per share) |
|||||||
|
(unaudited) |
|||||||
|
December 31, 2023 |
June 30, 2023 |
||||||
|
ASSETS |
|||||||
|
Current assets: |
|||||||
|
Cash and cash equivalents |
$ |
162,266 |
$ |
195,188 |
|||
|
Restricted cash |
212 |
415 |
|||||
|
Accounts receivable, net |
31,923 |
22,420 |
|||||
|
Inventories |
191,709 |
183,247 |
|||||
|
Other current assets |
20,509 |
22,666 |
|||||
|
Total current assets |
406,619 |
423,936 |
|||||
|
Property, plant and equipment, net |
349,046 |
357,831 |
|||||
|
Operating lease right-of-use assets |
25,416 |
24,349 |
|||||
|
Intangible assets, net |
5,141 |
6,765 |
|||||
|
Equity method investment |
356,144 |
366,617 |
|||||
|
Deferred income tax assets |
518 |
536 |
|||||
|
Other long-term assets |
33,462 |
19,703 |
|||||
|
Total assets |
$ |
1,176,346 |
$ |
1,199,737 |
|||
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|||||||
|
Current liabilities: |
|||||||
|
Accounts payable |
$ |
45,156 |
$ |
50,775 |
|||
|
Accrued liabilities |
77,683 |
79,533 |
|||||
|
Payable related to equity investee, net |
12,966 |
11,950 |
|||||
|
Income taxes payable |
4,680 |
5,546 |
|||||
|
Short-term debt |
11,533 |
11,434 |
|||||
|
Deferred revenue |
3,715 |
8,073 |
|||||
|
Finance lease liabilities |
900 |
867 |
|||||
|
Operating lease liabilities |
4,963 |
4,383 |
|||||
|
Total current liabilities |
161,596 |
172,561 |
|||||
|
Long-term debt |
32,568 |
38,360 |
|||||
|
Income taxes payable - long-term |
2,924 |
2,817 |
|||||
|
Deferred income tax liabilities |
26,385 |
27,283 |
|||||
|
Finance lease liabilities - long-term |
2,758 |
3,216 |
|||||
|
Operating lease liabilities - long-term |
21,214 |
20,544 |
|||||
|
Other long-term liabilities |
34,343 |
51,037 |
|||||
|
Total liabilities |
281,788 |
315,818 |
|||||
|
Shareholders' Equity: |
|||||||
|
Preferred shares, par value $0.002 per share: |
|||||||
|
Authorized: 10,000 shares; issued and outstanding: none at December 31, 2023 and June 30, 2023 |
- |
- |
|||||
|
Common shares, par value $0.002 per share: |
|||||||
|
Authorized: 100,000 shares; issued and outstanding: 35,205 shares and 28,051 shares, respectively at December 31, 2023 and 34,811 shares and 27,654 shares, respectively at June 30, 2023 |
70 |
70 |
|||||
|
Treasury shares at cost: 7,154 shares at December 31, 2023 and 7,157 shares at June 30, 2023 |
(79,343 |
) |
(79,365 |
) |
|||
|
Additional paid-in capital |
342,636 |
329,034 |
|||||
|
Accumulated other comprehensive loss |
(13,937 |
) |
(8,111 |
) |
|||
|
Retained earnings |
645,132 |
642,291 |
|||||
|
Total shareholders' equity |
894,558 |
883,919 |
|||||
|
Total liabilities and shareholders' equity |
$ |
1,176,346 |
$ |
1,199,737 |
|
Alpha and Omega Semiconductor Limited |
|||||||
|
Selected Cash Flow Information |
|||||||
|
(in thousands, unaudited) |
|||||||
|
Six Months Ended December 31, |
|||||||
|
2023 |
2022 |
||||||
|
Net cash provided by (used in) operating activities |
$ |
(9,628 |
) |
$ |
37,015 |
||
|
Net cash used in investing activities |
(21,431 |
) |
(67,935 |
) |
|||
|
Net cash provided by (used in) financing activities |
(2,146 |
) |
4,526 |
||||
|
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
80 |
(164 |
) |
||||
|
Net decrease in cash, cash equivalents and restricted cash |
(33,125 |
) |
(26,558 |
) |
|||
|
Cash, cash equivalents and restricted cash at beginning of period |
195,603 |
314,651 |
|||||
|
Cash, cash equivalents and restricted cash at end of period |
$ |
162,478 |
$ |
288,093 |
|||
|
Alpha and Omega Semiconductor Limited |
||||||||||||||||||||
|
Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures |
||||||||||||||||||||
|
(in thousands, except percentages and per share data) |
||||||||||||||||||||
|
(unaudited) |
||||||||||||||||||||
|
Three Months Ended |
Six Months Ended |
|||||||||||||||||||
|
December 31, |
September 30, |
December 31, |
December 31, |
December 31, |
||||||||||||||||
|
GAAP gross profit |
$ |
44,001 |
$ |
50,925 |
$ |
53,041 |
94,926 |
$ |
124,169 |
|||||||||||
|
Share-based compensation |
1,504 |
212 |
1,748 |
1,716 |
3,536 |
|||||||||||||||
|
Amortization of purchased intangible |
812 |
812 |
811 |
1,624 |
1,623 |
|||||||||||||||
|
Non-GAAP gross profit |
$ |
46,317 |
$ |
51,949 |
$ |
55,600 |
$ |
98,266 |
$ |
129,328 |
||||||||||
|
Non-GAAP gross margin as a % of revenue |
28.0 |
% |
28.8 |
% |
29.5 |
% |
28.4 |
% |
32.6 |
% |
||||||||||
|
GAAP operating expense |
$ |
45,135 |
$ |
41,544 |
$ |
44,256 |
$ |
86,679 |
$ |
89,850 |
||||||||||
|
Share-based compensation |
7,187 |
706 |
11,343 |
7,893 |
20,151 |
|||||||||||||||
|
Legal costs related to government investigation |
16 |
52 |
110 |
68 |
252 |
|||||||||||||||
|
Non-GAAP operating expense |
$ |
37,932 |
$ |
40,786 |
$ |
32,803 |
$ |
78,718 |
$ |
69,447 |
||||||||||
|
GAAP operating income (loss) |
$ |
(1,134 |
) |
$ |
9,381 |
$ |
8,785 |
$ |
8,247 |
$ |
34,319 |
|||||||||
|
Share-based compensation |
8,691 |
918 |
13,091 |
9,609 |
23,687 |
|||||||||||||||
|
Amortization of purchased intangible |
812 |
812 |
811 |
1,624 |
1,623 |
|||||||||||||||
|
Legal costs related to government investigation |
16 |
52 |
110 |
68 |
252 |
|||||||||||||||
|
Non-GAAP operating income |
$ |
8,385 |
$ |
11,163 |
$ |
22,797 |
$ |
19,548 |
$ |
59,881 |
||||||||||
|
Non-GAAP operating margin as a % of revenue |
5.1 |
% |
6.2 |
% |
12.1 |
% |
5.7 |
% |
15.1 |
% |
||||||||||
|
GAAP net income (loss) |
$ |
(2,923 |
) |
$ |
5,786 |
$ |
6,337 |
$ |
2,863 |
$ |
32,375 |
|||||||||
|
Share-based compensation |
8,691 |
918 |
13,091 |
9,609 |
23,687 |
|||||||||||||||
|
Amortization of purchased intangible |
812 |
812 |
811 |
1,624 |
1,623 |
|||||||||||||||
|
Equity method investment (income) loss from equity investee |
697 |
2,712 |
(511 |
) |
3,409 |
(3,013 |
) |
|||||||||||||
|
Legal costs related to government investigation |
16 |
52 |
110 |
68 |
252 |
|||||||||||||||
|
Income tax effect of non-GAAP adjustments |
(96 |
) |
(406 |
) |
122 |
(502 |
) |
241 |
||||||||||||
|
Non-GAAP net income |
$ |
7,197 |
$ |
9,874 |
$ |
19,960 |
$ |
17,071 |
$ |
55,165 |
||||||||||
|
Non-GAAP net margin as a % of revenue |
4.4 |
% |
5.5 |
% |
10.6 |
% |
4.9 |
% |
13.9 |
% |
||||||||||
|
GAAP net income (loss) |
$ |
(2,923 |
) |
$ |
5,786 |
$ |
6,337 |
$ |
2,863 |
$ |
32,375 |
|||||||||
|
Share-based compensation |
8,691 |
918 |
13,091 |
9,609 |
23,687 |
|||||||||||||||
|
Amortization and depreciation |
13,573 |
12,951 |
10,804 |
26,524 |
20,156 |
|||||||||||||||
|
Equity method investment (income) loss from equity investee |
697 |
2,712 |
(511 |
) |
3,409 |
(3,013 |
) |
|||||||||||||
|
Interest expense (income), net |
(274 |
) |
(229 |
) |
397 |
(503 |
) |
1,005 |
||||||||||||
|
Income tax expense |
894 |
1,138 |
1,659 |
2,032 |
3,033 |
|||||||||||||||
|
EBITDAS |
$ |
20,658 |
$ |
23,276 |
$ |
31,777 |
$ |
43,934 |
$ |
77,243 |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP diluted net income (loss) per share |
$ |
(0.10 |
) |
$ |
0.19 |
$ |
0.21 |
$ |
0.10 |
$ |
1.10 |
|||||||||
|
Share-based compensation |
0.29 |
0.03 |
0.44 |
0.32 |
0.80 |
|||||||||||||||
|
Amortization of purchased intangible |
0.03 |
0.03 |
0.03 |
0.05 |
0.05 |
|||||||||||||||
|
Equity method investment (income) loss from equity investee |
0.02 |
0.09 |
(0.02 |
) |
0.11 |
(0.10 |
) |
|||||||||||||
|
Legal costs related to government investigation |
0.00 |
0.00 |
0.00 |
0.00 |
0.01 |
|||||||||||||||
|
Income tax effect of non-GAAP adjustments |
(0.00 |
) |
(0.01 |
) |
0.01 |
(0.01 |
) |
0.01 |
||||||||||||
|
Non-GAAP diluted net income per share |
$ |
0.24 |
$ |
0.33 |
$ |
0.67 |
$ |
0.57 |
$ |
1.87 |
||||||||||
|
Weighted average number of common shares used to compute GAAP diluted net income (loss) per share |
27,939 |
29,786 |
29,576 |
29,830 |
29,499 |
|||||||||||||||
|
Weighted average number of common shares used to compute Non-GAAP diluted net income (loss) per share |
29,874 |
29,786 |
29,576 |
29,830 |
29,499 |
|||||||||||||||
Contacts
Investor and media inquiries:
The Blueshirt Group
Gary Dvorchak, CFA
In US +1 323 240 5796
In China +86 (138) 1079-1480
gary@blueshirtgroup.com
Yujia Zhai
The Blueshirt Group
Yujia@blueshirtgroup.com
+1 (860) 214-0809
Attachments
Disclaimer
Alpha & Omega Semiconductor Ltd. published this content on 06 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2024 21:04:31 UTC.