AOSL Alpha and Omega Semiconductor Limited

Alpha and Omega Semiconductor Limited (“AOS”) (NASDAQ: AOSL) today reported financial results for the fiscal second quarter of 2025 ended December 31, 2024.

The results for the fiscal second quarter of 2025 ended December 31, 2024 were as follows:

GAAP Financial Comparison

Quarterly

(in millions, except percentage and per share data)

(unaudited)

 

 

Three Months Ended

 

 

December 31,

2024

 

September 30,

2024

 

December 31,

2023

Revenue

 

$

173.2

 

 

$

181.9

 

 

$

165.3

 

Gross Margin

 

 

23.1

%

 

 

24.5

%

 

 

26.6

%

Operating Loss

 

$

(5.9

)

 

$

(0.3

)

 

$

(1.1

)

Net Loss

 

$

(6.6

)

 

$

(2.5

)

 

$

(2.9

)

Net Loss Per Share - Diluted

 

$

(0.23

)

 

$

(0.09

)

 

$

(0.10

)

 

Non-GAAP Financial Comparison

Quarterly

(in millions, except percentage and per share data)

(unaudited)

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

December 31,

2024

 

September 30,

2024

 

December 31,

2023

Revenue

 

$

173.2

 

 

$

181.9

 

 

$

165.3

 

Non-GAAP Gross Margin

 

 

24.2

%

 

 

25.5

%

 

 

28.0

%

Non-GAAP Operating Income

 

$

3.0

 

 

$

7.8

 

 

$

8.4

 

Non-GAAP Net Income

 

$

2.7

 

 

$

6.4

 

 

$

7.2

 

Non-GAAP Net Income Per Share - Diluted

 

$

0.09

 

 

$

0.21

 

 

$

0.24

 

The non-GAAP financial measures in the schedule above and under the section “Financial Results for Fiscal Q2 Ended December 31, 2024” below exclude the effect of share-based compensation expenses, amortization of purchased intangible, legal costs related to government investigation, equity method investment loss from equity investee, and income tax effect of non-GAAP adjustments in each of the periods presented. A detailed reconciliation of GAAP and non-GAAP financial measures is included at the end of this press release.

Financial Results for Fiscal Q2 Ended December 31, 2024

• Revenue was $173.2 million, a decrease of 4.8% from the prior quarter and an increase of 4.8% from the same quarter last year.
• GAAP gross margin was 23.1%, down from 24.5% in the prior quarter and down from 26.6% in the same quarter last year.
• Non-GAAP gross margin was 24.2%, down from 25.5% in the prior quarter and down from 28.0% in the same quarter last year.
• GAAP operating expenses were $45.9 million, up from $44.8 million in the prior quarter and up from $45.1 million in the same quarter last year.
• Non-GAAP operating expenses were $39.0 million, up from $38.5 million from last quarter and up from $37.9 million in the same quarter last year.
• GAAP operating loss was $5.9 million, up $0.3 million of operating loss in the prior quarter and up from $1.1 million of operating loss in the same quarter last year.
• Non-GAAP operating income was $3.0 million as compared to $7.8 million of operating income for the prior quarter and $8.4 million of operating income for the same quarter last year.
• GAAP net loss per diluted share was $0.23, compared to $0.09 net loss per share for the prior quarter, and $0.10 net loss per share for the same quarter a year ago.
• Non-GAAP net income per share was $0.09, compared to $0.21 net income per share for the prior quarter and $0.24 net income per share for the same quarter a year ago.
• Consolidated cash flow provided by operating activities was $14.1 million, as compared to $11.0 million of cash flow provided by operating activities in the prior quarter.
• The Company closed the quarter with $182.6 million of cash and cash equivalents.

AOS Chief Executive Officer Stephen Chang commented, “Our fiscal Q2 results were in-line with our revenue and EPS guidance driven by seasonal declines in each of our major segments. We saw strength in Communications and Industrial segments, with notable sequential growth in graphics cards, quick chargers, PC desktops and power tools.”

Mr. Chang concluded, “We expect a typical seasonal decline in the March quarter primarily in markets for battery PCM in smartphones and quick chargers. While visibility is limited for the remainder of calendar year 2025, we are well positioned for growth driven by our strategic focus to ‘go deeper’ with total solutions, expanding our addressable markets and achieving higher BOM content and market share.”

Business Outlook for Fiscal Q3 Ending March 31, 2025

The following statements are based on management’s current expectations. These statements are forward-looking, and actual results may differ materially. AOS undertakes no obligation to update these statements.

Our expectations for the fiscal third quarter of year 2025 are as follows:

• Revenue to be approximately $158 million, plus or minus $10 million.
• GAAP gross margin to be 21.5%, plus or minus 1%. We anticipate non-GAAP gross margin to be 22.5%, plus or minus 1%. The expected quarter-over-quarter decline is largely due to the decrease in license and engineering service revenue and, to a lesser extent, the anticipated increase in manufacturing costs during the Lunar New Year period.
• GAAP operating expenses to be in the range of $46.5 million, plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $39.5 million, plus or minus $1 million.
• Interest expense to be approximately equal to interest income, and
• Income tax expense to be in the range of $1.1 million to $1.3 million.

Conference Call and Webcast

AOS plans to hold an investor teleconference and live webcast to discuss the financial results for the fiscal second quarter ended December 31, 2024 today, February 5, 2025 at 2:00 p.m. PT / 5:00 p.m. ET. To listen to the live conference call, please dial +1 (833) 470-1428 or +1 (404) 975-4839 if dialing from outside the United States and Canada. The access code is 034315. A live webcast of the call will also be available in the "Events & Presentations" section of the company’s investor relations website, http://investor.aosmd.com. The webcast replay will be available for seven days after the live call on the same website. In addition, a copy of the script of management’s prepared remarks and a live webcast of the call will also be available in the "Events & Presentations" section of the company’s investor relations website, http://investor.aosmd.com.

Forward-Looking Statements

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, market trends in the semiconductor industry and growth in calendar year 2025, our ability to outperform market, seasonality of our business, our ability to pursue new opportunities, our projected amount of revenue, gross margin, operating income (loss), income tax expenses, net income (loss), and share-based compensation expenses, non-GAAP gross margin, non-GAAP operating expenses, income tax expenses, our ability to grow our sales and market share, and other information under the section entitled “Business Outlook for Fiscal Q3 Ending March 31, 2025.” Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the state of semiconductor industry and seasonality of our markets; decline of PC markets; our lack of control over the joint venture in China; difficulties and challenges in executing our diversification strategy into different market segments; ordering pattern from distributors and seasonality; changes in regulatory environment and government investigation; our ability to introduce or develop new and enhanced products that achieve market acceptance; government policies on our business operations in China; the actual product performance in volume production; the quality and reliability of our product, our ability to achieve design wins; the general business and economic conditions; our ability to maintain factory utilization at a desirable level; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024 filed by AOS with the SEC and other periodic reports we filed with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and AOS undertakes no duty to update such information, except as required under applicable law.

Use of Non-GAAP Financial Measures

To supplement our unaudited consolidated financial statements presented on a basis consistent with U.S. GAAP, we disclose certain non-GAAP financial measures for our historical performance, including non-GAAP gross profit, gross margin, operating expenses, operating income (loss), net income (loss), diluted earnings per share (“EPS”) and EBITDAS. These supplemental measures exclude, among other items, share-based compensation expenses, legal and professional fees related to government investigation, amortization of purchased intangible, income tax effect of non-GAAP adjustments and equity method investment loss from equity investee. We also disclose certain non-GAAP financial measures in our guidance for the next quarter, including non-GAAP gross margin and operating expenses. We believe that these historical and forecast non-GAAP financial measures provide useful information to both management and investors by excluding certain items and expenses that are not indicative of our core operating results or do not reflect our normal business operations. In addition, our management uses non-GAAP measures to compare our performance relative to forecasts and to benchmark our performance externally against competitors. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as non-GAAP net income (loss) or non-GAAP operating expenses, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. In addition, we included the amount of income tax effect of non-GAAP adjustments in the non-GAAP net income (loss) of reconciliation table for all periods presented as the management believes that such non-GAAP presentation provides useful information to investors, even though the amounts are not significant. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable U.S. GAAP measures both in the text in this press release and in the tables attached hereto. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer, and global supplier of a broad range of discrete power devices, wide band gap power devices, power management ICs, and modules, including a wide portfolio of Power MOSFET, SiC, IGBT, IPM, TVS, HV Gate Drivers, Power IC, and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced packaging know-how to develop high-performance power management solutions. AOS’ portfolio of products targets high-volume applications, including portable computers, flat-panel TVs, LED lighting, smartphones, battery packs, consumer and industrial motor controls, automotive electronics, and power supplies for TVs, computers, servers, and telecommunications equipment. For more information, please visit www.aosmd.com.

The following unaudited condensed consolidated financial statements are prepared in accordance with U.S. GAAP.

Alpha and Omega Semiconductor Limited

Condensed Consolidated Statements of Operations

(in thousands, except percentages and per share amounts)

(unaudited)

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

December 31,

2024

 

September 30,

2024

 

December 31,

2023

 

December 31,

2024

 

December 31,

2023

 

 

 

 

 

 

 

 

 

 

Revenue

$

173,156

 

 

$

181,887

 

 

$

165,285

 

 

$

355,043

 

 

$

345,918

 

Cost of goods sold

 

133,145

 

 

 

137,361

 

 

 

121,284

 

 

 

270,506

 

 

 

250,992

 

Gross profit

 

40,011

 

 

 

44,526

 

 

 

44,001

 

 

 

84,537

 

 

 

94,926

 

Gross margin

 

23.1

%

 

 

24.5

%

 

 

26.6

%

 

 

23.8

%

 

 

27.4

%

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

Research and development

 

23,968

 

 

 

22,478

 

 

 

22,919

 

 

 

46,446

 

 

 

45,032

 

Selling, general and administrative

 

21,951

 

 

 

22,300

 

 

 

22,216

 

 

 

44,251

 

 

 

41,647

 

Total operating expenses

 

45,919

 

 

 

44,778

 

 

 

45,135

 

 

 

90,697

 

 

 

86,679

 

Operating income (loss)

 

(5,908

)

 

 

(252

)

 

 

(1,134

)

 

 

(6,160

)

 

 

8,247

 

 

 

 

 

 

 

 

 

 

 

Other income (loss), net

 

663

 

 

 

(650

)

 

 

(472

)

 

 

13

 

 

 

(446

)

Interest income

 

1,135

 

 

 

1,265

 

 

 

1,323

 

 

 

2,400

 

 

 

2,644

 

Interest expenses

 

(701

)

 

 

(812

)

 

 

(1,049

)

 

 

(1,513

)

 

 

(2,141

)

Net income (loss) before income taxes and loss from equity method investment

 

(4,811

)

 

 

(449

)

 

 

(1,332

)

 

 

(5,260

)

 

 

8,304

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

1,242

 

 

 

1,040

 

 

 

894

 

 

 

2,282

 

 

 

2,032

 

Net income (loss) before loss from equity method investment

 

(6,053

)

 

 

(1,489

)

 

 

(2,226

)

 

 

(7,542

)

 

 

6,272

 

Equity method investment loss from equity investee

 

(561

)

 

 

(1,007

)

 

 

(697

)

 

 

(1,568

)

 

 

(3,409

)

Net income (loss)

$

(6,614

)

 

$

(2,496

)

 

$

(2,923

)

 

$

(9,110

)

 

$

2,863

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share

 

 

 

 

 

 

 

 

 

Basic

$

(0.23

)

 

$

(0.09

)

 

$

(0.10

)

 

$

(0.31

)

 

$

0.10

 

Diluted

$

(0.23

)

 

$

(0.09

)

 

$

(0.10

)

 

$

(0.31

)

 

$

0.10

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares used to compute net income (loss) per share

 

 

 

 

 

 

 

 

 

Basic

 

29,163

 

 

 

29,004

 

 

 

27,939

 

 

 

29,083

 

 

 

27,816

 

Diluted

 

29,163

 

 

 

29,004

 

 

 

27,939

 

 

 

29,083

 

 

 

29,830

 

 

 

 

 

 

 

 

 

 

 

Alpha and Omega Semiconductor Limited

Condensed Consolidated Balance Sheets

(in thousands, except par value per share)

(unaudited)

 

 

December 31, 2024

 

June 30, 2024

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

182,592

 

 

$

175,127

 

Restricted cash

 

206

 

 

 

413

 

Accounts receivable, net

 

19,879

 

 

 

12,546

 

Inventories

 

183,733

 

 

 

195,750

 

Contract assets

 

8,451

 

 

 

—

 

Other current assets

 

15,433

 

 

 

14,165

 

Total current assets

 

410,294

 

 

 

398,001

 

Property, plant and equipment, net

 

317,793

 

 

 

336,619

 

Operating lease right-of-use assets

 

23,317

 

 

 

25,050

 

Intangible assets, net

 

1,893

 

 

 

3,516

 

Equity method investment

 

357,941

 

 

 

356,039

 

Deferred income tax assets

 

540

 

 

 

549

 

Other long-term assets

 

22,166

 

 

 

25,239

 

Total assets

$

1,133,944

 

 

$

1,145,013

 

 

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

40,816

 

 

$

45,084

 

Accrued liabilities

 

71,392

 

 

 

72,371

 

Payable related to equity investee, net

 

18,137

 

 

 

13,682

 

Income taxes payable

 

2,943

 

 

 

2,798

 

Short-term debt

 

11,742

 

 

 

11,635

 

Deferred revenue

 

—

 

 

 

2,591

 

Finance lease liabilities

 

970

 

 

 

935

 

Operating lease liabilities

 

5,032

 

 

 

5,137

 

Total current liabilities

 

151,032

 

 

 

154,233

 

Long-term debt

 

20,826

 

 

 

26,724

 

Income taxes payable - long-term

 

3,724

 

 

 

3,591

 

Deferred income tax liabilities

 

26,754

 

 

 

26,416

 

Finance lease liabilities - long-term

 

1,787

 

 

 

2,282

 

Operating lease liabilities - long-term

 

18,851

 

 

 

20,499

 

Other long-term liabilities

 

8,390

 

 

 

19,661

 

Total liabilities

 

231,364

 

 

 

253,406

 

Shareholders' Equity:

 

 

 

Preferred shares, par value $0.002 per share:

 

 

 

Authorized: 10,000 shares; issued and outstanding: none at December 31, 2024 and June 30, 2024

 

—

 

 

 

—

 

Common shares, par value $0.002 per share:

 

 

 

Authorized: 100,000 shares; issued and outstanding: 36,367 shares and 29,232 shares, respectively at December 31, 2024 and 36,107 shares and 28,969 shares, respectively at June 30, 2024

 

73

 

 

 

72

 

Treasury shares at cost: 7,135 shares at December 31, 2024 and 7,138 shares at June 30, 2024

 

(79,192

)

 

 

(79,213

)

Additional paid-in capital

 

370,494

 

 

 

353,109

 

Accumulated other comprehensive loss

 

(10,722

)

 

 

(13,419

)

Retained earnings

 

621,927

 

 

 

631,058

 

Total shareholders' equity

 

902,580

 

 

 

891,607

 

Total liabilities and shareholders' equity

$

1,133,944

 

 

$

1,145,013

 

 

Alpha and Omega Semiconductor Limited

Selected Cash Flow Information

( in thousands, unaudited)

 

 

 

 

 

Six Months Ended December 31,

 

 

2024

 

 

 

2023

 

Net cash provided by (used in) operating activities

$

25,126

 

 

$

(9,628

)

Net cash used in investing activities

 

(14,100

)

 

 

(21,431

)

Net cash used in financing activities

 

(3,732

)

 

 

(2,146

)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

 

(36

)

 

 

80

 

Net increase (decrease) in cash, cash equivalents and restricted cash

 

7,258

 

 

 

(33,125

)

Cash, cash equivalents and restricted cash at beginning of period

 

175,540

 

 

 

195,603

 

Cash, cash equivalents and restricted cash at end of period

$

182,798

 

 

$

162,478

 

 

 

 

 

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

 

Six Months Ended

 

 

December 31,

2024

 

September 30,

2024

 

December 31,

2023

 

December 31,

2024

 

December 31,

2023

 

 

 

 

 

 

 

 

 

 

 

GAAP gross profit

 

$

40,011

 

 

$

44,526

 

 

$

44,001

 

 

 

84,537

 

 

$

94,926

 

Share-based compensation

 

 

1,123

 

 

 

1,015

 

 

 

1,504

 

 

 

2,138

 

 

 

1,716

 

Amortization of purchased intangible

 

 

811

 

 

 

812

 

 

 

812

 

 

 

1,623

 

 

 

1,624

 

Non-GAAP gross profit

 

$

41,945

 

 

$

46,353

 

 

$

46,317

 

 

$

88,298

 

 

$

98,266

 

Non-GAAP gross margin as a % of revenue

 

 

24.2

%

 

 

25.5

%

 

 

28.0

%

 

 

24.9

%

 

 

28.4

%

 

 

 

 

 

 

 

 

 

 

 

GAAP operating expense

 

$

45,919

 

 

$

44,778

 

 

$

45,135

 

 

$

90,697

 

 

$

86,679

 

Share-based compensation

 

 

6,827

 

 

 

5,887

 

 

 

7,187

 

 

 

12,714

 

 

 

7,893

 

Legal costs related to government investigation

 

 

114

 

 

 

347

 

 

 

16

 

 

 

461

 

 

 

68

 

Non-GAAP operating expense

 

$

38,978

 

 

$

38,544

 

 

$

37,932

 

 

$

77,522

 

 

$

78,718

 

 

 

 

 

 

 

 

 

 

 

 

GAAP operating income (loss)

 

$

(5,908

)

 

$

(252

)

 

$

(1,134

)

 

$

(6,160

)

 

$

8,247

 

Share-based compensation

 

 

7,950

 

 

 

6,902

 

 

 

8,691

 

 

 

14,852

 

 

 

9,609

 

Amortization of purchased intangible

 

 

811

 

 

 

812

 

 

 

812

 

 

 

1,623

 

 

 

1,624

 

Legal costs related to government investigation

 

 

114

 

 

 

347

 

 

 

16

 

 

 

461

 

 

 

68

 

Non-GAAP operating income

 

$

2,967

 

 

$

7,809

 

 

$

8,385

 

 

$

10,776

 

 

$

19,548

 

Non-GAAP operating margin as a % of revenue

 

 

1.7

%

 

 

4.3

%

 

 

5.1

%

 

 

3.0

%

 

 

5.7

%

 

 

 

 

 

 

 

 

 

 

 

GAAP net income (loss)

 

$

(6,614

)

 

$

(2,496

)

 

$

(2,923

)

 

$

(9,110

)

 

$

2,863

 

Share-based compensation

 

 

7,950

 

 

 

6,902

 

 

 

8,691

 

 

 

14,852

 

 

 

9,609

 

Amortization of purchased intangible

 

 

811

 

 

 

812

 

 

 

812

 

 

 

1,623

 

 

 

1,624

 

Equity method investment loss from equity investee

 

 

561

 

 

 

1,007

 

 

 

697

 

 

 

1,568

 

 

 

3,409

 

Legal costs related to government investigation

 

 

114

 

 

 

347

 

 

 

16

 

 

 

461

 

 

 

68

 

Income tax effect of non-GAAP adjustments

 

 

(83

)

 

 

(151

)

 

 

(96

)

 

 

(234

)

 

 

(502

)

Non-GAAP net income

 

$

2,739

 

 

$

6,421

 

 

$

7,197

 

 

$

9,160

 

 

$

17,071

 

Non-GAAP net margin as a % of revenue

 

 

1.6

%

 

 

3.5

%

 

 

4.4

%

 

 

2.6

%

 

 

4.9

%

 

 

 

 

 

 

 

 

 

 

 

GAAP net income (loss)

 

$

(6,614

)

 

$

(2,496

)

 

$

(2,923

)

 

$

(9,110

)

 

$

2,863

 

Share-based compensation

 

 

7,950

 

 

 

6,902

 

 

 

8,691

 

 

 

14,852

 

 

 

9,609

 

Amortization and depreciation

 

 

14,128

 

 

 

14,562

 

 

 

13,573

 

 

 

28,690

 

 

 

26,524

 

Equity method investment loss from equity investee

 

 

561

 

 

 

1,007

 

 

 

697

 

 

 

1,568

 

 

 

3,409

 

Interest income

 

 

(1,135

)

 

 

(1,265

)

 

 

(1,323

)

 

 

(2,400

)

 

 

(2,644

)

Interest expenses

 

 

701

 

 

 

812

 

 

 

1,049

 

 

 

1,513

 

 

 

2,141

 

Income tax expense

 

 

1,242

 

 

 

1,040

 

 

 

894

 

 

 

2,282

 

 

 

2,032

 

EBITDAS

 

$

16,833

 

 

$

20,562

 

 

$

20,658

 

 

$

37,395

 

 

$

43,934

 

 

GAAP diluted net income (loss) per share

 

$

(0.21

)

 

$

(0.08

)

 

$

(0.10

)

 

$

(0.29

)

 

$

0.10

 

Share-based compensation

 

 

0.25

 

 

 

0.22

 

 

 

0.29

 

 

 

0.47

 

 

 

0.32

 

Amortization of purchased intangible

 

 

0.03

 

 

 

0.03

 

 

 

0.03

 

 

 

0.05

 

 

 

0.05

 

Equity method investment loss from equity investee

 

 

0.02

 

 

 

0.03

 

 

 

0.02

 

 

 

0.05

 

 

 

0.11

 

Legal costs related to government investigation

 

 

0.00

 

 

 

0.01

 

 

 

0.00

 

 

 

0.02

 

 

 

0.00

 

Income tax effect of non-GAAP adjustments

 

 

(0.00

)

 

 

(0.00

)

 

 

(0.00

)

 

 

(0.01

)

 

 

(0.01

)

Non-GAAP diluted net income per share

 

$

0.09

 

 

$

0.21

 

 

$

0.24

 

 

$

0.29

 

 

$

0.57

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares used to compute GAAP diluted net income (loss) per share

 

 

29,163

 

 

 

29,004

 

 

 

27,939

 

 

 

29,083

 

 

 

29,830

 

Weighted average number of common shares used to compute Non-GAAP diluted net income per share

 

 

31,411

 

 

 

31,169

 

 

 

29,874

 

 

 

31,290

 

 

 

29,830

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20250203520224/en/

Investor and media inquiries:

The Blueshirt Group Gary Dvorchak, CFA In US +1 (323) 240-5796 In China +86 (138) 1079-1480 gary@blueshirtgroup.co

The Blueshirt Group Steven Pelayo +1 (360) 808-5154 steven@blueshirtgroup.co