secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037965
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptics Q4 GAAP EPS -$0.59, non-GAAP $0.49 on $227M rev; Q1 guide flat
------------------------------------------------------------------------

- Q4 revenue $227.3M; GAAP net loss $23.4M ($0.59 loss/share); non-GAAP net income $19.5M ($0.49 diluted EPS).
- Full-year FY2023 revenue $1.36B; GAAP net income $73.6M ($1.83); non-GAAP $326.4M ($8.12).
- Q1 FY2024 guidance: revenue $215M-$245M, non-GAAP gross margin 52%-55%, operating expense $97M-$100M.
- SVP & GM of Mobile and IoT Craig Stein resigned effective Sept 23, 2023.
- Amended credit agreement: interest coverage covenant applies only if cash < $450M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/0000950170-23-037965-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000095017023037965/syna-20230728.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037965

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer