Alpha and Omega Semiconductor Reports Financial Results for Fiscal Fourth Quarter and Fiscal Year Ended June 30, 2022
Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) reported fiscal Q4 results for 2022 with revenue of $194.0 million, marking a 9.4% year-over-year increase but a 4.6% decline from the previous quarter. GAAP gross margin decreased to 32.6%, and net income per share was $0.53. For the fiscal year, revenue reached $777.6 million, up from $656.9 million in 2021. Despite ongoing challenges from COVID lockdowns in Shanghai, the company maintains a resilient market position and aims for $1 billion in annual revenue within the next few years.
- Fiscal year revenue increased to $777.6 million from $656.9 million in 2021.
- Net income per share attributable to AOS was $16.07, a significant rise from $2.13 in 2021.
- Strategic position is strong with increased market share at Tier 1 customers.
- Management affirmed a robust demand and backlog that exceeds overall capacity.
- Q4 revenue decreased by 4.6% quarter-over-quarter.
- GAAP gross margin declined from 35.6% in the prior quarter to 32.6%.
- Operating income fell to $18.1 million, down from $31.2 million in Q3.
The results for the fiscal fourth quarter ended
GAAP Financial Comparison |
||||||||||||
Quarterly |
||||||||||||
(in millions, except percentage and per share data) |
||||||||||||
(unaudited) |
||||||||||||
|
Three Months Ended |
|||||||||||
|
|
|
|
|||||||||
Revenue |
$ |
194.0 |
|
$ |
203.2 |
|
$ |
177.3 |
|
|||
Gross Margin |
|
32.6 |
% |
|
35.6 |
% |
|
34.2 |
% |
|||
Operating Income |
$ |
18.1 |
|
$ |
31.2 |
|
$ |
22.4 |
|
|||
Net Income Attributable to AOS |
$ |
15.1 |
|
$ |
31.7 |
|
$ |
19.5 |
|
|||
Net Income Per Share Attributable to AOS - Diluted |
$ |
0.53 |
|
$ |
1.11 |
|
$ |
0.71 |
|
Non-GAAP Financial Comparison |
||||||||||||
Quarterly |
||||||||||||
(in millions, except percentage and per share data) |
||||||||||||
(unaudited) |
||||||||||||
|
Three Months Ended |
|||||||||||
|
|
|
|
|||||||||
Revenue |
$ |
194.0 |
|
$ |
203.2 |
|
$ |
177.3 |
|
|||
Non-GAAP Gross Margin |
|
33.8 |
% |
|
36.7 |
% |
|
34.9 |
% |
|||
Non-GAAP Operating Income |
$ |
28.9 |
|
$ |
40.5 |
|
$ |
29.1 |
|
|||
Non-GAAP Net Income Attributable to AOS |
$ |
27.1 |
|
$ |
38.2 |
|
$ |
26.3 |
|
|||
Non-GAAP Net Income Per Share Attributable to AOS - Diluted |
$ |
0.95 |
|
$ |
1.34 |
|
$ |
0.95 |
|
The non-GAAP financial measures in the schedule above and under the section "Financial Result for Fiscal Q4 Ended
The results for the fiscal year ended
GAAP Financial Comparison |
||||||||
Annually |
||||||||
(in millions, except percentage and per share data) |
||||||||
(unaudited) |
||||||||
|
Year Ended |
|||||||
|
2022 |
2021 |
||||||
Revenue |
$ |
777.6 |
|
$ |
656.9 |
|
||
Gross Margin |
|
34.5 |
% |
|
31.1 |
% |
||
Operating Income |
$ |
102.0 |
|
$ |
64.1 |
|
||
Net Income Attributable to AOS |
$ |
453.2 |
|
$ |
58.1 |
|
||
Net Income Per Share attributable to AOS - Diluted |
$ |
16.07 |
|
$ |
2.13 |
|
Non-GAAP Financial Comparison |
||||||||
Annually |
||||||||
(in millions, except percentage and per share data) |
||||||||
(unaudited) |
||||||||
|
Year Ended |
|||||||
|
2022 |
2021 |
||||||
Revenue |
$ |
777.6 |
|
$ |
656.9 |
|
||
Non-GAAP Gross Margin |
|
35.6 |
% |
|
31.9 |
% |
||
Non-GAAP Operating Income |
$ |
137.6 |
|
$ |
86.0 |
|
||
Non-GAAP Net Income Attributable to AOS |
$ |
128.6 |
|
$ |
79.9 |
|
||
Non-GAAP Net Income Per Share Attributable to AOS - Diluted |
$ |
4.56 |
|
$ |
2.93 |
|
The non-GAAP financial measures in the schedule above exclude the effect of share-based compensation expenses, amortization of purchased intangible, legal costs related to government investigation and income tax effect of non-GAAP adjustments for fiscal years ended
Financial Results for Fiscal Q4 Ended
-
Revenue was
, an increase of$194.0 million 9.4% from the same quarter last year and a decrease of4.6% quarter-over-quarter. -
GAAP gross margin was
32.6% , down from34.2% year-over-year and35.6% in the prior quarter. -
Non-GAAP gross margin was
33.8% , down from34.9% from the same quarter last year and down from36.7% in the prior quarter. -
GAAP operating expenses were
, up from$45.1 million in the prior quarter and up from$41.2 million from the same quarter last year.$38.2 million -
Non-GAAP operating expenses were
, an increase of$36.7 million from last quarter and an increase of$2.7 million from the same quarter last year.$3.9 million -
GAAP operating income was
, as compared to$18.1 million in the prior quarter and$31.2 million from the same quarter last year.$22.4 million -
Non-GAAP operating income was
as compared to$28.9 million for the prior quarter and$40.5 million for the same quarter last year.$29.1 million -
GAAP net income per share attributable to AOS was
, compared to$0.53 earnings per share for the same quarter last year and$0.71 for the prior quarter.$1.11 -
Non-GAAP earnings per share attributable to AOS was
, compared to$0.95 for the same quarter last year and$0.95 for the prior quarter.$1.34 -
Consolidated cash flow provided by operating activities was
, which included$25.7 million of net customer deposits, as compared to$3.4 million in prior quarter, which included$61.8 million of net customer deposits.$6.4 million -
The Company closed the quarter with
of cash and cash equivalents.$314.4 million
AOS Chairman and Chief Executive Officer Dr.
Business Outlook for Fiscal Q1 Ending
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.
-
Revenue is expected to be
plus or minus$210 million .$3 million -
Gross margin is expected to be
33.8% plus or minus1% . Non-GAAP gross margin is expected to be35.0% plus or minus1% . Note that non-GAAP gross margin excludes of estimated share-based compensation charges and$1.8 million of amortization of purchased intangible assets.$0.8 million -
GAAP operating expenses are expected to be in the range of
, plus or minus$45.7 million . Non-GAAP operating expenses are expected to be in the range of$1 million plus or minus$36.5 million . Non-GAAP operating expenses exclude$1 million of estimated share-based compensation charges and$9.0 million of estimated legal expenses related to the government investigation.$0.2 million -
Interest expense is expected to be
, and$1.2 million -
Tax expense is expected to be
to$1.2 million .$1.4 million
Conference Call and Webcast
AOS plans to hold an investor teleconference and live webcast to discuss the financial results for the fiscal fourth quarter and the fiscal year ended
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, statements relating to macroeconomic conditions, resumption of production at our
Use of Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented on a basis consistent with
About
The following unaudited consolidated financial statements are prepared in accordance with
|
||||||||||||||||||||
Condensed Consolidated Statements of Operations |
||||||||||||||||||||
(in thousands, except percentages and per share amounts) |
||||||||||||||||||||
(unaudited) |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
|
Three Months Ended |
Fiscal Year Ended |
||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Revenue |
$ |
193,959 |
|
$ |
203,239 |
|
$ |
177,309 |
|
$ |
777,552 |
|
$ |
656,902 |
|
|||||
Cost of goods sold |
|
130,737 |
|
|
130,837 |
|
|
116,729 |
|
|
508,996 |
|
|
452,359 |
|
|||||
Gross profit |
|
63,222 |
|
|
72,402 |
|
|
60,580 |
|
|
268,556 |
|
|
204,543 |
|
|||||
Gross margin |
|
32.6 |
% |
|
35.6 |
% |
|
34.2 |
% |
|
34.5 |
% |
|
31.1 |
% |
|||||
|
|
|
|
|
|
|||||||||||||||
Operating expenses: |
|
|
|
|
|
|||||||||||||||
Research and development |
|
20,386 |
|
|
16,545 |
|
|
17,282 |
|
|
71,259 |
|
|
62,953 |
|
|||||
Selling, general and administrative |
|
24,696 |
|
|
24,625 |
|
|
20,935 |
|
|
95,259 |
|
|
77,514 |
|
|||||
Total operating expenses |
|
45,082 |
|
|
41,170 |
|
|
38,217 |
|
|
166,518 |
|
|
140,467 |
|
|||||
Operating income |
|
18,140 |
|
|
31,232 |
|
|
22,363 |
|
|
102,038 |
|
|
64,076 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
Other income, net |
|
279 |
|
|
263 |
|
|
369 |
|
|
999 |
|
|
2,456 |
|
|||||
Interest expense, net |
|
(895 |
) |
|
(308 |
) |
|
(1,476 |
) |
|
(3,920 |
) |
|
(6,308 |
) |
|||||
Gain on deconsolidation of the |
|
— |
|
|
— |
|
|
— |
|
|
399,093 |
|
|
— |
|
|||||
Gain (loss) on changes of equity interest in the |
|
— |
|
|
4,501 |
|
|
— |
|
|
(3,140 |
) |
|
— |
|
|||||
Net income before income taxes |
|
17,524 |
|
|
35,688 |
|
|
21,256 |
|
|
495,070 |
|
|
60,224 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
Income tax expense |
|
940 |
|
|
2,902 |
|
|
1,241 |
|
|
39,258 |
|
|
3,935 |
|
|||||
Net income before loss from equity method investment |
|
16,584 |
|
|
32,786 |
|
|
20,015 |
|
|
455,812 |
|
|
56,289 |
|
|||||
Equity method investment loss from equity investee |
|
1,493 |
|
|
1,136 |
|
|
— |
|
|
2,629 |
|
|
— |
|
|||||
Net income |
|
15,091 |
|
|
31,650 |
|
|
20,015 |
|
|
453,183 |
|
|
56,289 |
|
|||||
Net income (loss) attributable to noncontrolling interest |
|
— |
|
|
— |
|
|
476 |
|
|
20 |
|
|
(1,827 |
) |
|||||
Net income attributable to |
$ |
15,091 |
|
$ |
31,650 |
|
$ |
19,539 |
|
$ |
453,163 |
|
$ |
58,116 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
Net income per common share attributable to |
|
|
|
|
|
|||||||||||||||
Basic |
$ |
0.55 |
|
$ |
1.18 |
|
$ |
0.74 |
|
$ |
16.93 |
|
$ |
2.25 |
|
|||||
Diluted |
$ |
0.53 |
|
$ |
1.11 |
|
$ |
0.71 |
|
$ |
16.07 |
|
$ |
2.13 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
Weighted average number of common share attributable to |
|
|
|
|
|
|||||||||||||||
Basic |
|
27,269 |
|
|
26,829 |
|
|
26,251 |
|
|
26,764 |
|
|
25,786 |
|
|||||
Diluted |
|
28,466 |
|
|
28,423 |
|
|
27,705 |
|
|
28,203 |
|
|
27,272 |
|
|
||||||||
Condensed Consolidated Balance Sheets |
||||||||
(in thousands, except par value per share) |
||||||||
(unaudited) |
||||||||
|
|
|
||||||
ASSETS |
|
|
||||||
Current assets: |
|
|
||||||
Cash and cash equivalents |
$ |
314,352 |
|
$ |
202,412 |
|
||
Restricted cash |
|
299 |
|
|
233 |
|
||
Accounts receivable, net |
|
65,681 |
|
|
35,789 |
|
||
Inventories |
|
158,040 |
|
|
154,293 |
|
||
Other current assets |
|
11,220 |
|
|
14,595 |
|
||
Total current assets |
|
549,592 |
|
|
407,322 |
|
||
Property, plant and equipment, net |
|
318,666 |
|
|
436,977 |
|
||
Operating lease right-of-use assets, net |
|
23,674 |
|
|
34,660 |
|
||
Intangible assets, net |
|
10,050 |
|
|
13,410 |
|
||
Equity method investment |
|
378,378 |
|
|
— |
|
||
Deferred income tax assets |
|
592 |
|
|
5,167 |
|
||
Restricted cash - long-term |
|
— |
|
|
2,168 |
|
||
Other long-term assets |
|
17,677 |
|
|
18,869 |
|
||
Total assets |
$ |
1,298,629 |
|
$ |
918,573 |
|
||
LIABILITIES AND EQUITY |
|
|
||||||
Current liabilities: |
|
|
||||||
Accounts payable |
$ |
87,377 |
|
$ |
80,699 |
|
||
Accrued liabilities |
|
115,632 |
|
|
69,494 |
|
||
Payable related to equity investee, net |
|
28,989 |
|
|
— |
|
||
Income taxes payable |
|
4,248 |
|
|
2,604 |
|
||
Short-term debt |
|
24,878 |
|
|
58,030 |
|
||
Finance lease liabilities |
|
1,376 |
|
|
16,724 |
|
||
Operating lease liabilities |
|
3,850 |
|
|
5,679 |
|
||
Total current liabilities |
|
266,350 |
|
|
233,230 |
|
||
Long-term debt |
|
38,156 |
|
|
77,990 |
|
||
Income taxes payable - long-term |
|
2,158 |
|
|
1,319 |
|
||
Deferred income tax liabilities |
|
28,757 |
|
|
2,448 |
|
||
Finance lease liabilities - long-term |
|
9,634 |
|
|
12,698 |
|
||
Operating lease liabilities - long-term |
|
20,878 |
|
|
30,440 |
|
||
Other long-term liabilities |
|
78,603 |
|
|
44,123 |
|
||
Total liabilities |
|
444,536 |
|
|
402,248 |
|
||
Equity: |
|
|
||||||
Preferred shares, par value |
|
|
||||||
Authorized: 10,000 shares; issued and outstanding: none at |
|
— |
|
|
— |
|
||
Common shares, par value |
|
|
||||||
Authorized: 100,000 shares; issued and outstanding: 33,988 shares and 27,371 shares, respectively at |
|
68 |
|
|
66 |
|
||
|
|
(66,000 |
) |
|
(66,064 |
) |
||
Additional paid-in capital |
|
288,951 |
|
|
259,993 |
|
||
Accumulated other comprehensive income |
|
1,080 |
|
|
2,315 |
|
||
Retained earnings |
|
629,994 |
|
|
176,895 |
|
||
|
|
854,093 |
|
|
373,205 |
|
||
Noncontrolling interest |
|
— |
|
|
143,120 |
|
||
Total equity |
|
854,093 |
|
|
516,325 |
|
||
Total liabilities and equity |
$ |
1,298,629 |
|
$ |
918,573 |
|
|
||||||||||||||||||||
Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures |
||||||||||||||||||||
(in thousands, except percentages and per share data) |
||||||||||||||||||||
(unaudited) |
||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
|
Three Months Ended |
Fiscal Year Ended |
||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||
|
|
|
|
|
|
|||||||||||||||
GAAP gross profit |
$ |
63,222 |
|
$ |
72,402 |
|
$ |
60,580 |
|
$ |
268,556 |
|
$ |
204,543 |
|
|||||
Share-based compensation |
|
1,565 |
|
|
1,282 |
|
|
561 |
|
|
5,125 |
|
|
1,756 |
|
|||||
Amortization of purchased intangible |
|
811 |
|
|
812 |
|
|
812 |
|
|
3,247 |
|
|
3,247 |
|
|||||
Production ramp up costs related to the |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
275 |
|
|||||
Non-GAAP gross profit |
$ |
65,598 |
|
$ |
74,496 |
|
$ |
61,953 |
|
$ |
276,928 |
|
$ |
209,821 |
|
|||||
Non-GAAP gross margin as a % of revenue |
|
33.8 |
% |
|
36.7 |
% |
|
34.9 |
% |
|
35.6 |
% |
|
31.9 |
% |
|||||
|
|
|
|
|
|
|||||||||||||||
GAAP operating expense |
$ |
45,082 |
|
$ |
41,170 |
|
$ |
38,217 |
|
$ |
166,518 |
|
$ |
140,467 |
|
|||||
Share-based compensation |
|
8,305 |
|
|
6,990 |
|
|
4,838 |
|
|
26,199 |
|
|
13,568 |
|
|||||
Legal costs related to government investigation |
|
84 |
|
|
221 |
|
|
553 |
|
|
1,030 |
|
|
3,066 |
|
|||||
Non-GAAP operating expense |
$ |
36,693 |
|
$ |
33,959 |
|
$ |
32,826 |
|
$ |
139,289 |
|
$ |
123,833 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
GAAP operating income |
$ |
18,140 |
|
$ |
31,232 |
|
$ |
22,363 |
|
$ |
102,038 |
|
$ |
64,076 |
|
|||||
Share-based compensation |
|
9,870 |
|
|
8,272 |
|
|
5,399 |
|
|
31,324 |
|
|
15,324 |
|
|||||
Amortization of purchased intangible |
|
811 |
|
|
812 |
|
|
812 |
|
|
3,247 |
|
|
3,247 |
|
|||||
Production ramp up costs related to the |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
275 |
|
|||||
Legal costs related to government investigation |
|
84 |
|
|
221 |
|
|
553 |
|
|
1,030 |
|
|
3,066 |
|
|||||
Non-GAAP operating income |
$ |
28,905 |
|
$ |
40,537 |
|
$ |
29,127 |
|
$ |
137,639 |
|
$ |
85,988 |
|
|||||
Non-GAAP operating margin as a % of revenue |
|
14.9 |
% |
|
19.9 |
% |
|
16.4 |
% |
|
17.7 |
% |
|
13.1 |
% |
|||||
|
|
|
|
|
|
|||||||||||||||
GAAP net income attributable to AOS |
$ |
15,091 |
|
$ |
31,650 |
|
$ |
19,539 |
|
$ |
453,163 |
|
$ |
58,116 |
|
|||||
Share-based compensation |
|
9,870 |
|
|
8,272 |
|
|
5,399 |
|
|
31,324 |
|
|
15,324 |
|
|||||
Amortization of purchased intangible |
|
811 |
|
|
812 |
|
|
812 |
|
|
3,247 |
|
|
3,247 |
|
|||||
Gain on deconsolidation and changes of the equity interest in the |
|
— |
|
|
(4,501 |
) |
|
— |
|
|
(395,953 |
) |
|
— |
|
|||||
Equity method investment loss from equity investee |
|
1,493 |
|
|
1,136 |
|
|
— |
|
|
2,629 |
|
|
— |
|
|||||
Production ramp up costs related to the |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
135 |
|
|||||
Legal costs related to government investigation |
|
84 |
|
|
221 |
|
|
553 |
|
|
1,030 |
|
|
3,066 |
|
|||||
Income tax effect of non-GAAP adjustments |
|
(234 |
) |
|
630 |
|
|
(2 |
) |
|
33,197 |
|
|
53 |
|
|||||
Non-GAAP net income attributable to AOS |
$ |
27,115 |
|
$ |
38,220 |
|
$ |
26,301 |
|
$ |
128,637 |
|
$ |
79,941 |
|
|||||
Non-GAAP net margin attributable to AOS as a % of revenue |
|
14.0 |
% |
|
18.8 |
% |
|
14.8 |
% |
|
16.5 |
% |
|
12.2 |
% |
|||||
|
|
|
|
|
|
|||||||||||||||
GAAP net income attributable to AOS |
$ |
15,091 |
|
$ |
31,650 |
|
$ |
19,539 |
|
$ |
453,163 |
|
$ |
58,116 |
|
|||||
Share-based compensation |
|
9,870 |
|
|
8,272 |
|
|
5,399 |
|
|
31,324 |
|
|
15,324 |
|
|||||
Amortization and depreciation |
|
8,588 |
|
|
8,603 |
|
|
13,251 |
|
|
42,851 |
|
|
52,685 |
|
|||||
Gain on deconsolidation and changes of the equity interest in the |
|
— |
|
|
(4,501 |
) |
|
— |
|
|
(395,953 |
) |
|
— |
|
|||||
Equity method investment loss from equity investee |
|
1,493 |
|
|
1,136 |
|
|
— |
|
|
2,629 |
|
|
— |
|
|||||
Interest expense, net |
|
895 |
|
|
308 |
|
|
1,476 |
|
|
3,920 |
|
|
6,308 |
|
|||||
Income tax expense |
|
940 |
|
|
2,902 |
|
|
1,241 |
|
|
39,258 |
|
|
3,935 |
|
|||||
EBITDAS |
$ |
36,877 |
|
$ |
48,370 |
|
$ |
40,906 |
|
$ |
177,192 |
|
$ |
136,368 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
GAAP diluted net income per share attributable to AOS |
$ |
0.53 |
|
$ |
1.11 |
|
$ |
0.71 |
|
$ |
16.07 |
|
$ |
2.13 |
|
|||||
Share-based compensation |
|
0.35 |
|
|
0.29 |
|
|
0.19 |
|
|
1.11 |
|
|
0.56 |
|
|||||
Amortization of purchased intangible |
|
0.03 |
|
|
0.03 |
|
|
0.03 |
|
|
0.11 |
|
|
0.12 |
|
|||||
Gain on deconsolidation and changes of the equity interest in the |
|
— |
|
|
(0.16 |
) |
|
— |
|
|
(14.04 |
) |
|
— |
|
|||||
Equity method investment loss from equity investee |
|
0.05 |
|
|
0.04 |
|
|
— |
|
|
0.09 |
|
|
— |
|
|||||
Production ramp up costs related to the |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
0.01 |
|
|||||
Legal costs related to government investigation |
|
0.00 |
|
|
0.01 |
|
|
0.02 |
|
|
0.04 |
|
|
0.11 |
|
|||||
Income tax effect of non-GAAP adjustments |
|
(0.01 |
) |
|
0.02 |
|
|
0.00 |
|
|
1.18 |
|
|
0.00 |
|
|||||
Non-GAAP diluted net income per share attributable to AOS |
$ |
0.95 |
|
$ |
1.34 |
|
$ |
0.95 |
|
$ |
4.56 |
|
$ |
2.93 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
|
|
|
|
|
|
|||||||||||||||
|
|
|
|
|
|
|||||||||||||||
Shares used to compute GAAP diluted net income per share |
|
28,466 |
|
|
28,423 |
|
|
27,705 |
|
|
28,203 |
|
|
27,272 |
|
|||||
Shares used to compute Non-GAAP diluted net income per share |
|
28,466 |
|
|
28,423 |
|
|
27,705 |
|
|
28,203 |
|
|
27.272 |
|
|||||
|
|
|
|
|
|
|||||||||||||||
|
|
|
|
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20220808005894/en/
Investor and media inquiries:
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In
gary@blueshirtgroup.com
Yujia@blueshirtgroup.com
+1 (860) 214-0809
Source:
FAQ
What were Alpha and Omega Semiconductor's Q4 2022 earnings results?
How did AOSL perform financially in the fiscal year ending June 30, 2022?
What challenges did AOSL face during fiscal Q4 2022?
What is AOSL's revenue target for the upcoming years?