GAAP |
|
|
|
|
|
In millions, except per share data |
FY 2023 |
|
FY 2022 |
|
Y/Y |
ATS development revenue (1) |
$210.9 |
|
$137.9 |
|
53% |
Tool revenue (2) |
$14.7 |
|
$1.5 |
|
848% |
Total ATS revenue |
$225.6 |
|
$139.4 |
|
62% |
Wafer Services revenue |
$61.1 |
|
$73.5 |
|
(17)% |
Total revenue |
$286.7 |
|
$212.9 |
|
35% |
Gross profit |
$59.3 |
|
$26.0 |
|
128% |
Gross margin |
20.7% |
|
12.2% |
|
850 bps |
Net loss to shareholders |
$(30.8) |
|
$(39.6) |
|
(22)% |
Basic loss per share |
$(0.68) |
|
$(0.97) |
|
(30)% |
Net loss margin to shareholders |
(10.7)% |
|
(18.6)% |
|
790 bps |
Non-GAAP |
|
|
|
|
|
In millions, except per share data |
FY 2023 |
|
FY 2022 |
|
Y/Y |
|
|
|
|
|
|
| Non-GAAP gross profit |
$63.0 |
|
$29.1 |
|
116% |
| Non-GAAP gross margin |
22.0% |
|
13.7% |
|
830 bps |
| Non-GAAP net loss to shareholders |
$(7.7) |
|
$(30.3) |
|
75% |
| Non-GAAP basic loss per share |
$(0.17) |
|
$(0.74) |
|
77% |
| Adjusted EBITDA |
$37.2 |
|
$7.7 |
|
383% |
| Adjusted EBITDA margin |
13.0% |
|
3.6% |
|
940 bps |
| (1) | ATS development revenue represents GAAP revenue primarily derived from process development services, tool installation and qualification services, facility and tool access, and security services. |
| (2) | Tool revenue primarily represents GAAP revenue that arises from the purchase of equipment for our customers. This equipment is used to complete ATS customer programs. |
