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Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024

Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024

Wolfspeed | 8-K:Wolfspeed公布了第四季度和2024财年的财务业绩
美股SEC公告 ·  2024/08/22 04:10

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Wolfspeed reported Q4 FY2024 revenue of $200.7M, slightly down from $202.7M YoY, with Mohawk Valley Fab contributing $41M. The company achieved 20% utilization at Mohawk Valley and plans to reach 25% utilization in Q1 FY25, one quarter ahead of schedule. GAAP gross margin declined to 1% from 29% YoY, while non-GAAP gross margin fell to 5% from 31%.The company announced plans to accelerate the shift of device fabrication to its 200mm Mohawk Valley Fab while assessing the timing of closing its 150mm Durham device fab. Management aims to reduce FY25 net CapEx spend by $200M and is in talks with the CHIPS office regarding potential capital grants. The company expects to receive over $1B in cash refunds from Section 48D tax credits.For Q1 FY2025, Wolfspeed targets revenue between $185M-$215M, with GAAP net loss projected at $226M-$194M, or $1.79-$1.54 per share. Non-GAAP net loss is expected to be $138M-$114M, or $1.09-$0.90 per share.
Wolfspeed reported Q4 FY2024 revenue of $200.7M, slightly down from $202.7M YoY, with Mohawk Valley Fab contributing $41M. The company achieved 20% utilization at Mohawk Valley and plans to reach 25% utilization in Q1 FY25, one quarter ahead of schedule. GAAP gross margin declined to 1% from 29% YoY, while non-GAAP gross margin fell to 5% from 31%.The company announced plans to accelerate the shift of device fabrication to its 200mm Mohawk Valley Fab while assessing the timing of closing its 150mm Durham device fab. Management aims to reduce FY25 net CapEx spend by $200M and is in talks with the CHIPS office regarding potential capital grants. The company expects to receive over $1B in cash refunds from Section 48D tax credits.For Q1 FY2025, Wolfspeed targets revenue between $185M-$215M, with GAAP net loss projected at $226M-$194M, or $1.79-$1.54 per share. Non-GAAP net loss is expected to be $138M-$114M, or $1.09-$0.90 per share.
Wolfspeed报告2024财年第四季度营业收入为$20070万,同比略降$20270万,Mohaawk Valley Fab贡献$4100万。该公司在Mohaawk Valley的利用率达到了20%,计划在2025财年第一季度提前一个季度达到25%利用率。GAAP毛利率同比下降至1%,从29%降至,非GAAP毛利率则从31%下降至5%。该公司宣布计划加快将设备制造转移到其200mm Mohaawk Valley Fab,同时评估关闭150mm Durham设备工厂的时机。管理层旨在减少2025财年净资本支出$20000万,并与CHIPS办公室就潜在的资本补助进行谈判。该公司预计将从48D税...展开全部
Wolfspeed报告2024财年第四季度营业收入为$20070万,同比略降$20270万,Mohaawk Valley Fab贡献$4100万。该公司在Mohaawk Valley的利用率达到了20%,计划在2025财年第一季度提前一个季度达到25%利用率。GAAP毛利率同比下降至1%,从29%降至,非GAAP毛利率则从31%下降至5%。该公司宣布计划加快将设备制造转移到其200mm Mohaawk Valley Fab,同时评估关闭150mm Durham设备工厂的时机。管理层旨在减少2025财年净资本支出$20000万,并与CHIPS办公室就潜在的资本补助进行谈判。该公司预计将从48D税收抵免中获得超过$10亿的现金退款。对于2025财年第一季度,Wolfspeed预计营业收入将在$18500万至$21500万之间,GAAP净亏损预计在$22600万至$19400万之间,即每股$1.79-$1.54。非GAAP净亏损预计在$13800万至$11400万之间,即每股$1.09-$0.90。
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