Cohu reports Q4 2024 revenue $94.1M, GAAP loss $0.46/sh; acquires Tignis

COHU INC

2024-FY EPS reported -$1.49 revenue$401,779,000

Q4 revenue $94.1M (down 31% YoY); GAAP EPS loss $0.46; non-GAAP EPS loss $0.15.
Full year 2024 revenue $401.8M (down 37% YoY); GAAP net loss $69.8M.
Q4 gross margin 41.9% (non-GAAP 41.8%) impacted by $2.1M inventory reserve charge.
Acquired Tignis, Inc., an AI process control software provider; expects software revenue growth of 50%+ annually over three years.
Q1 2025 guidance: sales $97M +/- $7M.

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