secwatch.observer — SEC 8-K summary
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Issuer:     FORMFACTOR INC (FORM)
CIK:        0001039399
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001039399-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FormFactor Q4 revenue $166M, GAAP net loss $0.18/sh; director Link not standing for re-election
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- Q4 revenue $166.0M, down 8.2% sequentially and 19% YoY; FY2022 revenue $748M down 2.8%.
- GAAP net loss $13.7M ($0.18 loss per share) vs net income $4.4M in Q3; non-GAAP net income $4.1M ($0.05).
- Q1 FY2023 outlook: revenue ~$162M ±$5M, non-GAAP EPS $0.13 ±0.04, GAAP gross margin ~35%.
- Director Raymond Link will not stand for re-election at May 19, 2023 annual meeting; no disagreement.
- Systems segment achieved second consecutive record quarter; restructuring completed in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039399/000103939923000006/0001039399-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039399/000103939923000006/form-20230203.htm
  HTML page:      https://secwatch.observer/filing/0001039399-23-000006

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