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Jun 27, 2020
Kulicke and Soffa Q3 2020 Earnings Report
Kulicke & Soffa reported third quarter results with net income of $11.2 million and revenue of $150.5 million.
Key Takeaways
Kulicke & Soffa reported a net revenue of $150.5 million, a net income of $11.2 million, and a non-GAAP net income of $12.9 million for the third quarter of 2020.
Net revenue was $150.5 million.
Gross margin was 46.1%.
Net income was $11.2 million, or $0.18 per share; non-GAAP net income was $12.9 million, or $0.21 per share.
Cash, cash equivalents, and short-term investments were $515.8 million as of June 27, 2020.
Forward Guidance
The Company currently expects net revenue in the fourth fiscal quarter of 2020 ending October 3, 2020 to be approximately $165 million +/- $10 million.
Positive Outlook
- Maintained pace of development
- Ramped production of Pixalux
- Increased share repurchase activity
- Delivered strong financial performance
- Successfully entered the display market
Challenges Ahead
- Broad industry challenges
- Near-term, episodic and unpredictable COVID-19-related headwinds
- Industry may continue to face COVID-19-related headwinds through calendar year 2021
Historical Earnings Impact
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Avg. Return Before/After Earnings
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