Alpha and Omega Semiconductor Posts Wider Q4 Loss, Revenue Down 3.5%
AOSL has more than doubled off its 52-week low of $17.01.
Summary
Alpha and Omega Semiconductor reported fiscal Q4 revenue of $170.4M, down 3.5% year-over-year, which fell less than expected. The company posted a GAAP net loss of $13.1M ($0.43/share) and non-GAAP net loss of $4.0M ($0.13/share). Full-year revenue fell 2.5% to $678.9M, and the company swung to a non-GAAP net loss of $12.9M from a $7.0M profit last year. Gross margin improved sequentially to 23.1% from 21.1%, but remains below last year's 23.4%. The Q4 loss narrowed from Q3's $13.8M, and management has not yet provided forward guidance.
At the time of this announcement, AOSL was trading at $35.09 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $17.01 to $54.34. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: BusinessWire.