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Mar 30, 2024
Cohu Q1 2024 Earnings Report
Reported first quarter results with revenue approximately 66% recurring.
Key Takeaways
Cohu reported Q1 2024 net sales of $107.6 million and a GAAP loss of $14.6 million, or $0.31 per share. Non-GAAP income was $0.6 million, or $0.01 per share.
First quarter revenue was $107.6 million, with approximately 66% recurring.
Gross margin was 45.8%, with non-GAAP gross margin at 46.0%.
Sense+ system with µ-sense was selected for testing next-generation high fidelity microphones.
The company repurchased 333,504 shares of its common stock for approximately $10.7 million.
Forward Guidance
Cohu expects second quarter 2024 sales to be in a range of $105 million +/- $6 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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