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

Issuer:     COHU INC (COHU)
CIK:        0000021535
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001437749-24-014369
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/21535/000143774924014369/0001437749-24-014369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/21535/000143774924014369/cohu20240430_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014369

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