SMART Global Holdings, Inc. Ordinary Shares - SGH STOCK NEWS

Cree LED, a subsidiary of SGH, has launched Photophyll™ Select LEDs, the first LEDs fully characterized for horticulture metrics. These LEDs allow manufacturers to control blue/green/red spectral ratios, enhancing plant growth. They can boost crop yields, improve plant health, and reduce energy costs compared to standard LEDs, with potential performance upgrades of 6%. The spectral output is based on photosynthetic photon flux, avoiding complex translations used in human vision metrics. Production quantities are now available.

Stratus, a company under SGH, received the 2022 Global Product Leadership Award from Frost & Sullivan for its edge computing platforms. Recognized for their ability to reduce unplanned downtime, these solutions are essential for business-critical operations. Stratus' ztC Edge platform is noted for its rugged design and high-performance software, providing fault-tolerant computing. The company has established strong customer relationships and has certifications from AWS and Microsoft Azure for IoT, enhancing its market position.

SMART Modular Technologies has unveiled new DDR5 16GB and 32GB Very Low Profile Error-Correction Code Unbuffered Dual In-Line Memory Modules (VLP ECC UDIMMs) aimed at optimizing 1U blade servers for networking, telecom, compute, and storage applications.

The new VLP ECC UDIMMs are designed to save board space while meeting performance specifications. They offer higher speeds, improved power management, and increased densities, supporting configurations up to 384GB. The modules are now available, with support for faster DDR5-5600 under development.

SMART Global Holdings, Inc. (SGH) reported a successful full year for fiscal 2022, achieving record net sales of $1.82 billion, a 21% increase from fiscal 2021. The GAAP gross margin improved to 24.9%, while non-GAAP gross margin reached 25.9%. Fiscal 2022 earnings per share (EPS) were $1.22 GAAP and $3.62 non-GAAP. Despite a 6% drop in fourth-quarter net sales to $438 million, gross margins declined moderately. Looking ahead, SGH expects fiscal 2023 net sales between $425 million and $475 million.

Cree LED, a subsidiary of SGH, announced a settlement with Tomar Electronics concerning the unauthorized use of Cree LED's patented components. The financial details of the agreement remain confidential. Tomar, which purchased the infringing components from a third-party supplier, valued its collaborative relationship with Cree LED and was pleased to resolve the issue amicably. Cree LED emphasizes its commitment to protecting its intellectual property rights and supporting its partners while maintaining its leadership in LED innovation.

SMART Global Holdings, Inc. (SGH) will hold its fourth quarter fiscal year 2022 earnings conference call on October 4, 2022, at 1:30 p.m. PST. Financial results will be released prior to the call. Investors can access the live webcast on SGH's investor relations website. The call can also be heard by dialing +1 844-200-6205 for domestic participants. A replay will be available for one year on the website and for a week via telephone. SGH focuses on technologies in computing, memory, and LED lighting, emphasizing strategic partnerships and growth.

Penguin Solutions, part of SGH, introduced the Penguin Edge IFC6720, a platform for driving networked video content distribution in edge applications. Built on the Qualcomm SDA845 SoC, it supports dual 4K displays and enhanced security in digital signage, video conferencing, and collaboration sectors. The product is priced at $499 and features advanced connectivity options. Korbyt, a user, praised the platform's processing capacity for their digital signage solutions. This platform aims to transform enterprise and education environments.

SMART Global Holdings (SGH) announced the grant of 372,347 restricted share units (RSUs) to 273 non-executive employees following its acquisition of Stratus Technologies, completed on August 29, 2022. Additionally, an individually negotiated RSU award of 103,600 shares was given to David Laurello, senior vice president of Corporate Development at SGH. These awards will vest over four years, with 25% vesting on October 20, 2023. This initiative aims to incentivize new employees as part of SGH's growth strategy.