Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2024 Ended March 31, 2024
Alpha and Omega Semiconductor (AOS) reported financial results for the fiscal third quarter of 2024, showing a decrease in revenue but positive trends in gross margin and cash flow. The company's transition to a comprehensive solution provider and focus on new products and verticals indicate a positive outlook for the future.
Positive trends in gross margin despite revenue decrease.
Consolidated cash flow provided by operating activities increased to $28.2 million.
Transitioning to a comprehensive solution provider with increased BOM content and penetration in new products and verticals.
Confidence in leading technology and Tier 1 customer base to outperform broader markets.
Decrease in revenue by 9.2% from the prior quarter.
GAAP net loss per diluted share increased to $0.39.
Increase in GAAP operating expenses compared to the prior quarter.
Insights
The results for the fiscal third quarter of 2024 ended March 31, 2024 were as follows:
GAAP Financial Comparison |
||||||||||||
Quarterly |
||||||||||||
(in millions, except percentage and per share data) |
||||||||||||
(unaudited) |
||||||||||||
|
|
Three Months Ended |
||||||||||
|
|
March 31,
|
|
December 31,
|
|
March 31,
|
||||||
Revenue |
|
$ |
150.1 |
|
|
$ |
165.3 |
|
|
$ |
132.6 |
|
Gross Margin |
|
|
23.7 |
% |
|
|
26.6 |
% |
|
|
23.2 |
% |
Operating Loss |
|
$ |
(10.5 |
) |
|
$ |
(1.1 |
) |
|
$ |
(14.4 |
) |
Net Loss |
|
$ |
(11.2 |
) |
|
$ |
(2.9 |
) |
|
$ |
(18.9 |
) |
Net Loss Per Share - Diluted |
|
$ |
(0.39 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.68 |
) |
Non-GAAP Financial Comparison |
||||||||||||
Quarterly |
||||||||||||
(in millions, except percentage and per share data) |
||||||||||||
(unaudited) |
||||||||||||
|
|
|
|
|
|
|
||||||
|
|
Three Months Ended |
||||||||||
|
|
March 31, 2024 |
|
December 31, 2023 |
|
March 31, 2023 |
||||||
Revenue |
|
$ |
150.1 |
|
|
$ |
165.3 |
|
|
$ |
132.6 |
|
Non-GAAP Gross Margin |
|
|
25.2 |
% |
|
|
28.0 |
% |
|
|
25.1 |
% |
Non-GAAP Operating Income (Loss) |
|
$ |
(1.1 |
) |
|
$ |
8.4 |
|
|
$ |
(2.9 |
) |
Non-GAAP Net Income (Loss) |
|
$ |
(1.2 |
) |
|
$ |
7.2 |
|
|
$ |
(5.9 |
) |
Non-GAAP Net Income (Loss) Per Share - Diluted |
|
$ |
(0.04 |
) |
|
$ |
0.24 |
|
|
$ |
(0.21 |
) |
The non-GAAP financial measures in the schedule above and under the section “Financial Results for Fiscal Q3 Ended March 31, 2024” below exclude the effect of share-based compensation expenses, amortization of purchased intangible, legal costs related to government investigation, equity method investment 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 Q3 Ended March 31, 2024
-
Revenue was
, a decrease of$150.1 million 9.2% from the prior quarter and an increase of13.2% from the same quarter last year. -
GAAP gross margin was
23.7% , down from26.6% in the prior quarter and up from23.2% in the same quarter last year. -
Non-GAAP gross margin was
25.2% , down from28.0% in the prior quarter and up from25.1% in the same quarter last year. -
GAAP operating expenses were
, up from$46.1 million in the prior quarter and up from$45.1 million in the same quarter last year.$45.2 million -
Non-GAAP operating expenses were
, up from$38.9 million from last quarter and up from$37.9 million in the same quarter last year.$36.2 million -
GAAP operating loss was
, up from$10.5 million of operating loss in the prior quarter and down from$1.1 million of operating loss in the same quarter last year.$14.4 million -
Non-GAAP operating loss was
as compared to$1.1 million of operating income for the prior quarter and$8.4 million of operating loss for the same quarter last year.$2.9 million -
GAAP net loss per diluted share was
, compared to$0.39 net loss per share for the prior quarter, and$0.10 net loss per share for the same quarter a year ago.$0.68 -
Non-GAAP net loss per share was
compared to$0.04 net income per share for the prior quarter and 0.21 net loss per share for the same quarter a year ago.$0.24 -
Consolidated cash flow provided by operating activities was
, as compared to$28.2 million of cash flow used in operating activities in the prior quarter.$23.5 million -
The Company closed the quarter with
of cash and cash equivalents.$174.4 million
AOS Chief Executive Officer Stephen Chang commented, “Our fiscal Q3 results were in-line with our guidance driven by seasonal declines in computing, smartphones, and quick chargers. We saw initial indications that inventory corrections across certain markets are nearing completion, setting the stage for a gradual recovery. Seasonality is starting to return as we prepare for PC and smartphone launches in the Fall.”
Mr. Chang continued, "Looking beyond calendar 2024, AOS is transitioning from a component supplier to become a comprehensive solution provider, enabling us to 'go deeper' with increasing BOM content while penetrating new products and verticals. We are confident that our leading technology, extensive product portfolio, and Tier 1 customer base strategically position us well to outperform the broader markets we serve. We are optimistic about the future and look forward to executing on the opportunities ahead of us."
Business Outlook for Fiscal Q4 Ending June 30, 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 fourth quarter of year 2024 are as follows:
-
Revenue to be approximately
, plus or minus$160 million .$10 million -
GAAP gross margin to be
24.7% , plus or minus1% . We anticipate non-GAAP gross margin to be26.3% , plus or minus1% . -
GAAP operating expenses to be in the range of
, plus or minus$47.9 million . Non-GAAP operating expenses are expected to be in the range of$1 million , plus or minus$39.5 million .$1 million -
Net interest expense to be approximately
, and$0.5 million -
Income tax expense to be approximately
.$0.9 million
Conference Call and Webcast
AOS plans to hold an investor teleconference and live webcast to discuss the financial results for the fiscal third quarter ended March 31, 2024 today, May 7, 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
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 ability to increase BOM content, 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 Q4 Ending June 30, 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
Use of Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented on a basis consistent with
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules, including a wide portfolio of Power MOSFET, SiC, IGBT, IPM, TVS, HV Gate Drivers, 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 technology, 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, flat-panel TVs, LED lighting, smartphones, battery packs, consumer and industrial motor controls, automotive electronics, 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
Alpha and Omega Semiconductor Limited |
|||||||||||||||||||
Condensed Consolidated Statements of Operations |
|||||||||||||||||||
(in thousands, except percentages and per share amounts) |
|||||||||||||||||||
(unaudited) |
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||
|
March 31,
|
|
December 31,
|
|
March 31,
|
|
March 31,
|
|
March 31,
|
||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Revenue |
$ |
150,060 |
|
|
$ |
165,285 |
|
|
$ |
132,560 |
|
|
$ |
495,978 |
|
|
$ |
529,796 |
|
Cost of goods sold |
|
114,505 |
|
|
|
121,284 |
|
|
|
101,774 |
|
|
|
365,497 |
|
|
|
374,841 |
|
Gross profit |
|
35,555 |
|
|
|
44,001 |
|
|
|
30,786 |
|
|
|
130,481 |
|
|
|
154,955 |
|
Gross margin |
|
23.7 |
% |
|
|
26.6 |
% |
|
|
23.2 |
% |
|
|
26.3 |
% |
|
|
29.2 |
% |
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating expenses: |
|
|
|
|
|
|
|
|
|
||||||||||
Research and development |
|
23,095 |
|
|
|
22,919 |
|
|
|
22,578 |
|
|
|
68,127 |
|
|
|
65,435 |
|
Selling, general and administrative |
|
22,964 |
|
|
|
22,216 |
|
|
|
22,610 |
|
|
|
64,611 |
|
|
|
69,603 |
|
Total operating expenses |
|
46,059 |
|
|
|
45,135 |
|
|
|
45,188 |
|
|
|
132,738 |
|
|
|
135,038 |
|
Operating income (loss) |
|
(10,504 |
) |
|
|
(1,134 |
) |
|
|
(14,402 |
) |
|
|
(2,257 |
) |
|
|
19,917 |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Other income (loss), net |
|
308 |
|
|
|
(472 |
) |
|
|
(513 |
) |
|
|
(138 |
) |
|
|
(1,432 |
) |
Interest income (expense), net |
|
271 |
|
|
|
274 |
|
|
|
5 |
|
|
|
774 |
|
|
|
(1,000 |
) |
Net income (loss) before income taxes |
|
(9,925 |
) |
|
|
(1,332 |
) |
|
|
(14,910 |
) |
|
|
(1,621 |
) |
|
|
17,485 |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Income tax expense |
|
611 |
|
|
|
894 |
|
|
|
2,517 |
|
|
|
2,643 |
|
|
|
5,550 |
|
Net income (loss) before income (loss) from equity method investment |
|
(10,536 |
) |
|
|
(2,226 |
) |
|
|
(17,427 |
) |
|
|
(4,264 |
) |
|
|
11,935 |
|
Equity method investment income (loss) from equity investee |
|
(676 |
) |
|
|
(697 |
) |
|
|
(1,480 |
) |
|
|
(4,085 |
) |
|
|
1,533 |
|
Net income (loss) |
$ |
(11,212 |
) |
|
$ |
(2,923 |
) |
|
$ |
(18,907 |
) |
|
$ |
(8,349 |
) |
|
$ |
13,468 |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net income (loss) per common share |
|
|
|
|
|
|
|
|
|
||||||||||
Basic |
$ |
(0.39 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.68 |
) |
|
$ |
(0.30 |
) |
|
$ |
0.49 |
|
Diluted |
$ |
(0.39 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.68 |
) |
|
$ |
(0.30 |
) |
|
$ |
0.46 |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Weighted average number of common shares used to compute net income (loss) per share |
|
|
|
|
|
|
|
|
|
||||||||||
Basic |
|
28,433 |
|
|
|
27,939 |
|
|
|
27,710 |
|
|
|
28,022 |
|
|
|
27,537 |
|
Diluted |
|
28,433 |
|
|
|
27,939 |
|
|
|
27,710 |
|
|
|
28,022 |
|
|
|
29,576 |
|
|
|
|
|
|
|
|
|
|
|
Alpha and Omega Semiconductor Limited |
|||||||
Condensed Consolidated Balance Sheets |
|||||||
(in thousands, except par value per share) |
|||||||
(unaudited) |
|||||||
|
March 31, 2024 |
|
June 30, 2023 |
||||
ASSETS |
|
|
|
||||
Current assets: |
|
|
|
||||
Cash and cash equivalents |
$ |
174,387 |
|
|
$ |
195,188 |
|
Restricted cash |
|
208 |
|
|
|
415 |
|
Accounts receivable, net |
|
13,254 |
|
|
|
22,420 |
|
Inventories |
|
198,098 |
|
|
|
183,247 |
|
Other current assets |
|
8,604 |
|
|
|
22,666 |
|
Total current assets |
|
394,551 |
|
|
|
423,936 |
|
Property, plant and equipment, net |
|
339,515 |
|
|
|
357,831 |
|
Operating lease right-of-use assets |
|
24,421 |
|
|
|
24,349 |
|
Intangible assets, net |
|
4,328 |
|
|
|
6,765 |
|
Equity method investment |
|
359,244 |
|
|
|
366,617 |
|
Deferred income tax assets |
|
499 |
|
|
|
536 |
|
Other long-term assets |
|
31,491 |
|
|
|
19,703 |
|
Total assets |
$ |
1,154,049 |
|
|
$ |
1,199,737 |
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
||||
Current liabilities: |
|
|
|
||||
Accounts payable |
$ |
42,513 |
|
|
$ |
50,775 |
|
Accrued liabilities |
|
73,587 |
|
|
|
79,533 |
|
Payable related to equity investee, net |
|
14,275 |
|
|
|
11,950 |
|
Income taxes payable |
|
4,490 |
|
|
|
5,546 |
|
Short-term debt |
|
11,584 |
|
|
|
11,434 |
|
Deferred revenue |
|
7,664 |
|
|
|
8,073 |
|
Finance lease liabilities |
|
917 |
|
|
|
867 |
|
Operating lease liabilities |
|
4,909 |
|
|
|
4,383 |
|
Total current liabilities |
|
159,939 |
|
|
|
172,561 |
|
Long-term debt |
|
29,653 |
|
|
|
38,360 |
|
Income taxes payable - long-term |
|
2,978 |
|
|
|
2,817 |
|
Deferred income tax liabilities |
|
26,337 |
|
|
|
27,283 |
|
Finance lease liabilities - long-term |
|
2,522 |
|
|
|
3,216 |
|
Operating lease liabilities - long-term |
|
20,099 |
|
|
|
20,544 |
|
Other long-term liabilities |
|
23,584 |
|
|
|
51,037 |
|
Total liabilities |
|
265,112 |
|
|
|
315,818 |
|
Shareholders' Equity: |
|
|
|
||||
Preferred shares, par value |
|
|
|
||||
Authorized: 10,000 shares; issued and outstanding: none at March 31, 2024 and June 30, 2023 |
|
— |
|
|
|
— |
|
Common shares, par value |
|
|
|
||||
Authorized: 100,000 shares; issued and outstanding: 35,836 shares and 28,697 shares, respectively at March 31, 2024 and 34,811 shares and 27,654 shares, respectively at June 30, 2023 |
|
72 |
|
|
|
70 |
|
Treasury shares at cost: 7,139 shares at March 31, 2024 and 7,157 shares at June 30, 2023 |
|
(79,220 |
) |
|
|
(79,365 |
) |
Additional paid-in capital |
|
345,413 |
|
|
|
329,034 |
|
Accumulated other comprehensive loss |
|
(11,125 |
) |
|
|
(8,111 |
) |
Retained earnings |
|
633,797 |
|
|
|
642,291 |
|
Total shareholders' equity |
|
888,937 |
|
|
|
883,919 |
|
Total liabilities and shareholders' equity |
$ |
1,154,049 |
|
|
$ |
1,199,737 |
|
Alpha and Omega Semiconductor Limited |
|||||||
Selected Cash Flow Information |
|||||||
( in thousands, unaudited) |
|||||||
|
|
|
|
||||
|
Nine Months Ended March 31, |
||||||
|
|
2024 |
|
|
|
2023 |
|
Net cash provided by operating activities |
$ |
18,591 |
|
|
$ |
48,654 |
|
Net cash used in investing activities |
|
(28,593 |
) |
|
|
(90,603 |
) |
Net cash used in financing activities |
|
(10,923 |
) |
|
|
(6,417 |
) |
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
|
(83 |
) |
|
|
(121 |
) |
Net decrease in cash, cash equivalents and restricted cash |
|
(21,008 |
) |
|
|
(48,487 |
) |
Cash, cash equivalents and restricted cash at beginning of period |
|
195,603 |
|
|
|
314,651 |
|
Cash, cash equivalents and restricted cash at end of period |
$ |
174,595 |
|
|
$ |
266,164 |
|
|
|
|
|
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 |
|
Nine Months Ended |
||||||||||||||||
|
|
March 31,
|
|
December 31,
|
|
March 31,
|
|
March 31,
|
|
March 31,
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
GAAP gross profit |
|
$ |
35,555 |
|
|
$ |
44,001 |
|
|
$ |
30,786 |
|
|
|
130,481 |
|
|
$ |
154,955 |
|
Share-based compensation |
|
|
1,424 |
|
|
|
1,504 |
|
|
|
1,723 |
|
|
|
3,140 |
|
|
|
5,259 |
|
Amortization of purchased intangible |
|
|
812 |
|
|
|
812 |
|
|
|
812 |
|
|
|
2,435 |
|
|
|
2,435 |
|
Non-GAAP gross profit |
|
$ |
37,791 |
|
|
$ |
46,317 |
|
|
$ |
33,321 |
|
|
$ |
136,056 |
|
|
$ |
162,649 |
|
Non-GAAP gross margin as a % of revenue |
|
|
25.2 |
% |
|
|
28.0 |
% |
|
|
25.1 |
% |
|
|
27.4 |
% |
|
|
30.7 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
GAAP operating expense |
|
$ |
46,059 |
|
|
$ |
45,135 |
|
|
$ |
45,188 |
|
|
$ |
132,738 |
|
|
$ |
135,038 |
|
Share-based compensation |
|
|
7,041 |
|
|
|
7,187 |
|
|
|
8,709 |
|
|
|
14,934 |
|
|
|
28,860 |
|
Legal costs related to government investigation |
|
|
103 |
|
|
|
16 |
|
|
|
304 |
|
|
|
172 |
|
|
|
556 |
|
Non-GAAP operating expense |
|
$ |
38,915 |
|
|
$ |
37,932 |
|
|
$ |
36,175 |
|
|
$ |
117,632 |
|
|
$ |
105,622 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
GAAP operating income (loss) |
|
$ |
(10,504 |
) |
|
$ |
(1,134 |
) |
|
$ |
(14,402 |
) |
|
$ |
(2,257 |
) |
|
$ |
19,917 |
|
Share-based compensation |
|
|
8,465 |
|
|
|
8,691 |
|
|
|
10,432 |
|
|
|
18,074 |
|
|
|
34,119 |
|
Amortization of purchased intangible |
|
|
812 |
|
|
|
812 |
|
|
|
812 |
|
|
|
2,435 |
|
|
|
2,435 |
|
Legal costs related to government investigation |
|
|
103 |
|
|
|
16 |
|
|
|
304 |
|
|
|
172 |
|
|
|
556 |
|
Non-GAAP operating income (loss) |
|
$ |
(1,124 |
) |
|
$ |
8,385 |
|
|
$ |
(2,854 |
) |
|
$ |
18,424 |
|
|
$ |
57,027 |
|
Non-GAAP operating margin as a % of revenue |
|
|
(0.7 |
)% |
|
|
5.1 |
% |
|
|
(2.2 |
)% |
|
|
3.7 |
% |
|
|
10.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
GAAP net income (loss) |
|
$ |
(11,212 |
) |
|
$ |
(2,923 |
) |
|
$ |
(18,907 |
) |
|
$ |
(8,349 |
) |
|
$ |
13,468 |
|
Share-based compensation |
|
|
8,465 |
|
|
|
8,691 |
|
|
|
10,432 |
|
|
|
18,074 |
|
|
|
34,119 |
|
Amortization of purchased intangible |
|
|
812 |
|
|
|
812 |
|
|
|
812 |
|
|
|
2,435 |
|
|
|
2,435 |
|
Equity method investment (income) loss from equity investee |
|
|
676 |
|
|
|
697 |
|
|
|
1,480 |
|
|
|
4,085 |
|
|
|
(1,533 |
) |
Legal costs related to government investigation |
|
|
103 |
|
|
|
16 |
|
|
|
304 |
|
|
|
172 |
|
|
|
556 |
|
Income tax effect of non-GAAP adjustments |
|
|
(47 |
) |
|
|
(96 |
) |
|
|
3 |
|
|
|
(549 |
) |
|
|
244 |
|
Non-GAAP net income (loss) |
|
$ |
(1,203 |
) |
|
$ |
7,197 |
|
|
$ |
(5,876 |
) |
|
$ |
15,868 |
|
|
$ |
49,289 |
|
Non-GAAP net margin as a % of revenue |
|
|
(0.8 |
)% |
|
|
4.4 |
% |
|
|
(4.4 |
)% |
|
|
3.2 |
% |
|
|
9.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
GAAP net income (loss) |
|
$ |
(11,212 |
) |
|
$ |
(2,923 |
) |
|
$ |
(18,907 |
) |
|
$ |
(8,349 |
) |
|
$ |
13,468 |
|
Share-based compensation |
|
|
8,465 |
|
|
|
8,691 |
|
|
|
10,432 |
|
|
|
18,074 |
|
|
|
34,119 |
|
Amortization and depreciation |
|
|
13,325 |
|
|
|
13,573 |
|
|
|
11,006 |
|
|
|
39,849 |
|
|
|
31,162 |
|
Equity method investment (income) loss from equity investee |
|
|
676 |
|
|
|
697 |
|
|
|
1,480 |
|
|
|
4,085 |
|
|
|
(1,533 |
) |
Interest expense (income), net |
|
|
(271 |
) |
|
|
(274 |
) |
|
|
(5 |
) |
|
|
(774 |
) |
|
|
1,000 |
|
Income tax expense |
|
|
611 |
|
|
|
894 |
|
|
|
2,517 |
|
|
|
2,643 |
|
|
|
5,550 |
|
EBITDAS |
|
$ |
11,594 |
|
|
$ |
20,658 |
|
|
$ |
6,523 |
|
|
$ |
55,528 |
|
|
$ |
83,766 |
|
GAAP diluted net income (loss) per share |
|
$ |
(0.39 |
) |
|
$ |
(0.10 |
) |
|
$ |
(0.68 |
) |
|
$ |
(0.28 |
) |
|
$ |
0.46 |
|
Share-based compensation |
|
|
0.30 |
|
|
|
0.29 |
|
|
|
0.38 |
|
|
|
0.60 |
|
|
|
1.15 |
|
Amortization of purchased intangible |
|
|
0.03 |
|
|
|
0.03 |
|
|
|
0.03 |
|
|
|
0.08 |
|
|
|
0.08 |
|
Equity method investment (income) loss from equity investee |
|
|
0.02 |
|
|
|
0.02 |
|
|
|
0.05 |
|
|
|
0.14 |
|
|
|
(0.05 |
) |
Legal costs related to government investigation |
|
|
0.00 |
|
|
|
0.00 |
|
|
|
0.01 |
|
|
|
0.01 |
|
|
|
0.02 |
|
Income tax effect of non-GAAP adjustments |
|
|
(0.00 |
) |
|
|
(0.00 |
) |
|
|
0.00 |
|
|
|
(0.02 |
) |
|
|
0.01 |
|
Non-GAAP diluted net income (loss) per share |
|
$ |
(0.04 |
) |
|
$ |
0.24 |
|
|
$ |
(0.21 |
) |
|
$ |
0.53 |
|
|
$ |
1.67 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Weighted average number of common shares used to compute GAAP diluted net income (loss) per share |
|
|
28,433 |
|
|
|
27,939 |
|
|
|
27,710 |
|
|
|
28,022 |
|
|
|
29,576 |
|
Weighted average number of common shares used to compute Non-GAAP diluted net income (loss) per share |
|
|
28,433 |
|
|
|
29,874 |
|
|
|
27,710 |
|
|
|
29,915 |
|
|
|
29,576 |
|
|
|
|
|
|
|
|
|
|
|
|
View source version on businesswire.com: https://www.businesswire.com/news/home/20240506803216/en/
Investor and media inquiries:
The Blueshirt Group
Gary Dvorchak, CFA
In US +1 323 240 5796
In
gary@blueshirtgroup.co
Steven Pelayo
The Blueshirt Group
steven@blueshirtgroup.co
+1 (360) 808-5154
Source: Alpha and Omega Semiconductor Limited
FAQ
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