Kulicke & Soffa Q1 net revenue $176.2M, down 61.8% YoY; EPS $0.25 GAAP, $0.37 non-GAAP

KULICKE & SOFFA INDUSTRIES INC

2023-Q1 EPS reported $0.25 revenue$176,233,000

Net revenue $176.2M, down 61.8% YoY and 38.5% sequentially.
GAAP net income $14.6M ($0.25 diluted EPS); non-GAAP net income $21.8M ($0.37 diluted EPS).
Gross margin 50.3% (up 190bps YoY); operating margin 6.7% (down 2610bps YoY).
Revenue decline driven by softer demand and customer inventory correction.
Recognized initial revenue for fluxless thermocompression and LUMINEX advanced display systems.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KULICKE & SOFFA INDUSTRIES INC reported first fiscal quarter ended December 31, 2022 results: revenue $176.2 million, net income $14.6 million, EPS $0.25 per fully diluted share.

Period: first fiscal quarter ended December 31, 2022
Revenue: $176.2 million
Net income: $14.6 million
EPS: $0.25 per fully diluted share
Result: reported results

Exact text from the filing

The Company reported first quarter net revenue of $176.2 million, net income of $14.6 million, representing EPS of $0.25 per fully diluted share, and non-GAAP net income of $21.8 million, representing non-GAAP EPS of $0.37 per fully diluted share .

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Source: SEC EDGAR

accession 0000056978-23-000024

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