The following unaudited 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, | September 30, | December 31, | December 31, | December 31, | ||||||||||||||||||
| 2018 | 2018 | 2017 | 2018 | 2017 | ||||||||||||||||||
| Revenue | $ | 114,925 | $ | 115,072 | $ | 103,896 | $ | 229,997 | $ | 208,754 | ||||||||||||
| Cost of goods sold | 85,423 | 82,461 | 75,814 | 167,884 | 153,142 | |||||||||||||||||
| Gross profit | 29,502 | 32,611 | 28,082 | 62,113 | 55,612 | |||||||||||||||||
| Gross margin | 25.7 | % | 28.3 | % | 27.0 | % | 27.0 | % | 26.6 | % | ||||||||||||
| Operating expenses: | ||||||||||||||||||||||
| Research and development | 12,600 | 11,384 | 9,102 | 23,984 | 17,427 | |||||||||||||||||
| Selling, general and administrative | 20,104 | 20,352 | 15,756 | 40,456 | 30,371 | |||||||||||||||||
| Total operating expenses | 32,704 | 31,736 | 24,858 | 64,440 | 47,798 | |||||||||||||||||
| Operating income (loss) | (3,202 | ) | 875 | 3,224 | (2,327 | ) | 7,814 | |||||||||||||||
| Interest income and other income (loss), net | 74 | 262 | (160 | ) | 336 | (120 | ) | |||||||||||||||
| Interest expense | (1,706 | ) | (1,490 | ) | (14 | ) | (3,196 | ) | (31 | ) | ||||||||||||
| Income (loss) before income taxes | (4,834 | ) | (353 | ) | 3,050 | (5,187 | ) | 7,663 | ||||||||||||||
| Income tax expense (benefit) | 701 | 560 | (2,072 | ) | 1,261 | (798 | ) | |||||||||||||||
| Net income (loss) including noncontrolling interest | (5,535 | ) | (913 | ) | 5,122 | (6,448 | ) | 8,461 | ||||||||||||||
| Net loss attributable to noncontrolling interest | (3,990 | ) | (3,329 | ) | (1,669 | ) | (7,319 | ) | (3,130 | ) | ||||||||||||
| Net income (loss) attributable to Alpha and Omega Semiconductor Limited | $ | (1,545 | ) | $ | 2,416 | $ | 6,791 | $ | 871 | $ | 11,591 | |||||||||||
| Net income (loss) per common share attributable to Alpha and Omega Semiconductor Limited | ||||||||||||||||||||||
| Basic | $ | (0.06 | ) | $ | 0.10 | $ | 0.28 | $ | 0.04 | $ | 0.48 | |||||||||||
| Diluted | $ | (0.06 | ) | $ | 0.10 | $ | 0.27 | $ | 0.04 | $ | 0.46 | |||||||||||
| Weighted average number of common shares attributable to Alpha and Omega Semiconductor Limited used to compute net income (loss) per share | ||||||||||||||||||||||
| Basic | 23,887 | 23,844 | 23,925 | 23,865 | 23,973 | |||||||||||||||||
| Diluted | 23,887 | 24,594 | 25,033 | 24,513 | 24,997 | |||||||||||||||||
