secwatch.observer — SEC 8-K summary
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Issuer:     COHU INC (COHU)
CIK:        0000021535
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001437749-24-004350
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 1.02, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohu Q4 2023 revenue $137M, GAAP loss $0.04/shr; pays off $29.4M Term Loan B; Q1 guide $107M
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- Paid off remaining $29.4M Term Loan B on Feb 9, 2024, terminating the $350M Credit Agreement.
- Q4 2023 revenue $137.2M (down 28% YoY from $191.1M); GAAP net loss $2.0M ($0.04 loss per share).
- Non-GAAP Q4 net income $11.1M ($0.23 per share) down from $33.5M ($0.70) in Q4 2022.
- Full year 2023 revenue $636.3M (down 22% YoY); GAAP net income $28.2M ($0.59 per share) vs $96.8M in 2022.
- Q1 2024 sales guidance $107M +/- $6M, significantly below Q4; launched AI software and new Philippines factory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/0001437749-24-004350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21535/000143774924004350/cohu20240213_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-004350

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