Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Third Quarter of 2019 Ended March 31, 2019

 
Alpha and Omega Semiconductor Limited
Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures
(in thousands, except percentages and per share data)
(unaudited)
             
Three Months Ended Nine Months Ended
March 31,
2019
December 31,
2018
March 31,
2018
March 31,
2019
March 31,
2018
 
GAAP gross profit $ 25,629 $ 29,502 $ 27,133 $ 87,742 $ 82,745
Share-based compensation 494 541 449 1,532 1,180
Production ramp up costs related to joint venture 3,350   3,516     7,983    
Non-GAAP gross profit $ 29,473   $ 33,559   $ 27,582   $ 97,257   $ 83,925  
Non-GAAP gross margin as a % of revenue 27.0 % 29.2 % 26.8 % 28.7 % 26.9 %
 
GAAP operating income (loss) $ (3,735 ) $ (3,202 ) $ 681 $ (6,062 ) $ 8,495
Share-based compensation 3,112 4,418 2,460 10,659 8,477
Pre-production expenses related to joint venture 3,584 3,734 2,772 11,945 2,772
Production ramp up costs related to joint venture 3,350   3,516     7,983    
Non-GAAP operating income $ 6,311   $ 8,466   $ 5,913   $ 24,525   $ 19,744  
Non-GAAP operating margin as a % of revenue 5.8 % 7.4 % 5.7 % 7.2 % 6.3 %
 
GAAP net income (loss) attributable to AOS $ (1,555 ) $ (1,545 ) $ 1,651 $ (684 ) $ 13,242
Share-based compensation 3,112 4,418 2,460 10,659 8,477
Pre-production expenses related to joint venture 2,215 2,458 1,615 7,335 1,615
Production ramp up costs related to joint venture 1,705 1,912 4,199
Income tax benefit from tax reform         (2,690 )
Non-GAAP net income attributable to AOS $ 5,477   $ 7,243   $ 5,726   $ 21,509   $ 20,644  
Non-GAAP net margin attributable to AOS as a % of revenue 5.0 % 6.3 % 5.6 % 6.3 % 6.6 %
 
GAAP net income (loss) attributable to AOS $ (1,555 ) $ (1,545 ) $ 1,651 $ (684 ) $ 13,242
Share-based compensation 3,112 4,418 2,460 10,659 8,477
Amortization and depreciation 8,010 8,279 7,431 24,159 21,818
Interest expense (income), net 1,650 1,664 (34 ) 4,738 (249 )
Income tax expense 625   701   830   1,886   32  
EBITDAS $ 11,842   $ 13,517   $ 12,338   $ 40,758   $ 43,320  
 
 
GAAP diluted net income (loss) per share attributable to AOS $ (0.06 ) $ (0.06 ) $ 0.07 $ (0.03 ) $ 0.53
Share-based compensation 0.12 0.18 0.10 0.43 0.35
Pre-production expenses related to joint venture 0.09 0.10 0.06 0.30 0.06
Production ramp up costs related to joint venture 0.07 0.08 0.17
Income tax benefit from tax reform         (0.11 )
Non-GAAP diluted net income per share attributable to AOS $ 0.22   $ 0.30   $ 0.23   $ 0.87   $ 0.83  
 
 
Shares used to compute GAAP diluted net income (loss) per share 24,084 23,887 24,755 23,938 24,916
Shares used to compute Non-GAAP diluted net income per share 24,769 24,432 24,755 24,598 24,916
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
SolidCAM - See For Yourself

Featured Video
Editorial
Jobs
Mechanical Engineer for Flextronics at Milpitas, California
Failure Analysis Engineer for Flextronics at Milpitas, California
Geodesign Manager for Design Workshop at Aspen, Colorado
Upcoming Events
Robotics Summit & Expo at Seaport World Trade Center 1 Seaport Lane Boston MA - Sep 24 - 25, 2020
DEVELOP 3D Live 2020 New Date November 3rd at Sheffield University ctagon and INOX Building, Durham Road Sheffield United Kingdom - Nov 3, 2020
Digital Twin 2020 - Now in November 2020 at Melbourne FL - Nov 4 - 5, 2020
Sensors Expo & Conference at McEnery Convention Center SAN JOSE CA - Nov 16 - 18, 2020
Kenesto: 30 day trial



© 2020 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise