Cohu's fourth quarter 2024 net sales were $94.1 million, with a GAAP net loss of $21.4 million, or $0.46 per share. The non-GAAP net loss was $7.1 million, or $0.15 per share. Full year 2024 revenue was $401.8 million, with a GAAP net loss of $69.8 million.
Full year 2024 revenue reached $401.8 million.
Fourth quarter 2024 net sales were $94.1 million, with approximately 62% recurring revenue.
Fourth quarter gross margin was 41.9%, impacted by a $2.1 million inventory reserve charge.
Cohu acquired Tignis, Inc., an AI process control and analytics software provider, expanding its analytics offering.
Cohu expects first quarter 2025 sales to be in a range of $97 million +/- $7 million. The company aims to grow software revenue at an annual rate of 50% or more over the next three years.
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