K&S corrects cash flow periods in Q2 FY2023 earnings release; financials unchanged

KULICKE & SOFFA INDUSTRIES INC

GAAP cash from operations corrected to $1.8M for three months ended April 1, 2023 (from incorrectly reflected six-month period).
Adjusted free cash flow corrected to ($8.6)M for the same quarter; no impact on revenue, net income, or EPS.
Unaudited financial statements in original May 3 release remain correct; only the period labels in cash-flow highlights and reconciliation were wrong.
Q2 FY2023 net revenue of $173.0M, gross margin 48.6%, net income $15.0M ($0.26 per share), non-GAAP net income $21.9M ($0.38 per share) unchanged.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KULICKE & SOFFA INDUSTRIES INC reported second fiscal quarter ended April 1, 2023 results: revenue $173.0 million, net income $15.0 million or $0.26 per share, EPS $0.26 per share.

Period: second fiscal quarter ended April 1, 2023
Revenue: $173.0 million
Net income: $15.0 million or $0.26 per share
EPS: $0.26 per share
Result: reported results

Exact text from the filing

changed. Likewise, the other U.S. GAAP to Non-GAAP reconciliation tables were also correct and have not changed. Second Quarter Fiscal 2023 Financial Highlights • Net revenue of $173.0 million. • Gross margin of 48.6%. • Net income of $15.0 million or $0.26 per share; non-GAAP net income of $21.9 million or $0.38 per share. • GAAP cash from operations of $1.8 million;

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Source: SEC EDGAR

accession 0000056978-23-000061

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