Cohu Q1 revenue $107.6M, GAAP loss $0.31/share; guides Q2 sales ~$105M

COHU INC

2024-Q1 EPS reported -$0.31 revenue$107,614,000

Q1 net sales $107.6M (down 40% YoY from $179.4M); GAAP net loss $14.6M ($0.31 loss per share).
Non-GAAP income of $0.6M ($0.01 per share); recurring revenue ~66% of sales.
Cash and investments $271.3M; repaid remaining $29.3M Term Loan B on Feb 9, 2024.
Repurchased 333,504 shares for ~$10.7M in Q1.
Q2 sales guidance $105M +/- $6M; initial orders received for new high-fidelity microphone tester.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.75

COHU INC reported first fiscal quarter ended March 30, 2024 results: revenue $107.6 million, net income $14.6 million or $0.31 per share, EPS $0.31 per share.

Period: first fiscal quarter ended March 30, 2024
Revenue: $107.6 million
Net income: $14.6 million or $0.31 per share
EPS: $0.31 per share
Result: reported results

Exact text from the filing

made by Cohu wit --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_664873.htm EXHIBIT 99.1 ex_664873.htm Exhibit 99.1 Cohu Reports First Quarter 2024 Results ● First quarter revenue $107.6 million, approximately 66% recurring ● Gross margin of 45.8%; non-GAAP gross margin of 46.0% ● Sense+ system with μ -sense selected for testing next-generation high fidelity microphones

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

COHU INC filing history →

Source: SEC EDGAR

accession 0001437749-24-014369

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.