Alpha and Omega Semiconductor Reports Financial Results for the Fiscal Fourth Quarter and the Fiscal Year Ended June 30, 2016

SUNNYVALE, Calif., Aug. 10, 2016 (GLOBE NEWSWIRE) -- Alpha and Omega Semiconductor Limited (“AOS”) (NASDAQ:AOSL), today reported financial results for the fiscal fourth quarter and the fiscal year ended June 30, 2016.

The results for the fiscal fourth quarter of 2016 ended June 30, 2016 were as follows:

GAAP Financial Comparison
Quarterly
(in millions except percentage and per share data)
(unaudited)
  Three Months Ended
  June 30, 2016 March 31, 2016 June 30, 2015
Revenue $91.4  $83.0  $81.5 
Gross Margin 21.3% 19.7% 17.6%
Operating Income (Loss) $2.6  $(0.2) $(2.1)
Net Income (Loss) attributable to AOS $1.9  $(1.3) $(2.9)
Income (Loss) Per Share attributable to AOS - Diluted $0.08  $(0.06) $(0.11)

Our non-GAAP measures exclude the effect of share-based compensation expenses in each of the periods presented, joint venture related costs in the quarter ended June 30, 2016 and March 31, 2016, and impairment of long-lived assets in the quarter ended December 31, 2015.  The results were as set forth below (see detailed reconciliation included at the end of this press release).

Non-GAAP Financial Comparison
Quarterly
(in millions except percentage and per share data)
(unaudited)
  Three Months Ended
  June 30, 2016 March 31, 2016 June 30, 2015
Revenue $91.4  $83.0  $81.5 
Gross Margin 21.5% 19.9% 17.8%
Operating Income (Loss) $4.1  $1.2  $(0.9)
Net Income (Loss) attributable to AOS $3.3  $0.1  $(1.8)
Income (Loss) Per Share attributable to AOS - Diluted $0.14  $  $(0.07)

"AOS closed the fiscal year 2016 on a positive note as we delivered both top and bottom lines above the high end of our guidance range for the June quarter," said Dr. Mike Chang, the chairman and CEO of the company. "We were able to achieve a Non-GAAP profit of 9 cents for the full fiscal year from a loss of 12 cents a year ago, which is a testament to the high operating leverage of our business model.  I am pleased to see that our multi-year recovery plan is starting to materialize, which is attributable to the hard work, dedication and commitment by all of our employees.  As we continue to ramp up new products and win key design activities, I remain confident that we can successfully complete our plan by delivering meaningful revenue growth and profitability."

The results for the fiscal year ended June 30, 2016 were as follows:

  • Revenue was $335.7 million, an increase of 2.4% from $327.9 million for the prior year.

  • GAAP gross margin was 19.6%, compared to 18.4% for the prior year.  Non-GAAP gross margin was 19.8%, compared to 18.6% for the prior year.

  • GAAP operating income was $1.5 million, compared to operating loss of $4.2 million for the prior year.  Non-GAAP operating income was $6.7 million, compared to $0.3 million for the prior year.

  • GAAP net loss attributable to AOS was $2.9 million, compared to net loss attributable to AOS of $7.8 million for the prior year.  Non-GAAP net income attributable to AOS was $2.1 million, compared to non-GAAP net loss attributable to AOS of $3.3 million for the prior year.

  • GAAP diluted loss per share attributable to AOS was $0.13 compared to diluted loss per share attributable to AOS of $0.29 for the prior year.  Non-GAAP diluted income per share attributable to AOS was $0.09 compared to non-GAAP diluted loss attributable to AOS of $0.12 for the prior year.

On a non-GAAP basis excluding the effect of share-based compensation expenses in each of the periods presented, joint venture related costs in the quarter ended June 30, 2016 and March 31, 2016, and impairment of long-lived assets in the quarter ended December 31, 2015, the results were as set forth in the attached schedules (see detailed reconciliation included at the end of this press release).

1 | 2 | 3 | 4 | 5  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise