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Wolfspeed | 10-K: FY2024 Annual Report

Wolfspeed | 10-K: FY2024 Annual Report

Wolfspeed | 10-K:2024财年年报
美股SEC公告 ·  2024/08/23 04:10

Moomoo AI 已提取核心信息

Wolfspeed reported fiscal 2024 revenue of $807.2 million, up 6% from $758.5 million in fiscal 2023, driven by increased materials product demand and automotive power applications. However, gross margin declined significantly to 9.6% from 32.0% due to $124.4 million in underutilization costs from the Mohawk Valley Fab ramp-up.Operating loss widened to $445.3 million from $311.8 million, impacted by higher costs and investments in capacity expansion. The company completed several strategic initiatives, including receiving $2 billion in customer deposits under the CRD Agreement and selling its RF business to MACOM for approximately $136 million in cash and stock consideration.Design-wins grew substantially to $5.8 billion from $1.8 billion, while design-ins increased to $9.1 billion from $7.9 billion. The company continues to invest in expanding production capacity, including construction of new facilities in North Carolina and planned expansion in Germany, though it expects to need additional funding to complete all planned initiatives. Cash and investments stood at $2.17 billion as of June 30, 2024.
Wolfspeed reported fiscal 2024 revenue of $807.2 million, up 6% from $758.5 million in fiscal 2023, driven by increased materials product demand and automotive power applications. However, gross margin declined significantly to 9.6% from 32.0% due to $124.4 million in underutilization costs from the Mohawk Valley Fab ramp-up.Operating loss widened to $445.3 million from $311.8 million, impacted by higher costs and investments in capacity expansion. The company completed several strategic initiatives, including receiving $2 billion in customer deposits under the CRD Agreement and selling its RF business to MACOM for approximately $136 million in cash and stock consideration.Design-wins grew substantially to $5.8 billion from $1.8 billion, while design-ins increased to $9.1 billion from $7.9 billion. The company continues to invest in expanding production capacity, including construction of new facilities in North Carolina and planned expansion in Germany, though it expects to need additional funding to complete all planned initiatives. Cash and investments stood at $2.17 billion as of June 30, 2024.
Wolfspeed 报告2024财年的营业收入为 $80720万,比2023财年的 $75850万 增长了6%,这得益于材料产品需求和汽车动力应用的增加。然而,毛利率显著下降至 9.6%,相比之下为 32.0%,主要是由于 Mohawk Valley Fab 启动带来的 $12440万 的人力资源闲置成本。由于成本上升和对产能扩张的投资,运营亏损扩大至 $44530万,较之于 $31180万。该公司完成了几项战略举措,包括根据 CRD 协议获得 $20亿 的客户预付款,并将其射频业务以大约 $13600万 的现金和股票对价出售给 MACOm。设计赢得的合同大幅增长至 $58亿,之前为 $18亿,而设计纳入的合同也增加至 $91亿,之前为 $79亿。该公司继续投资扩大生产能力,包括在北卡罗来纳州的新设施建设以及计划在德国扩张,尽管它预计需要额外的资金来完成所有计划的举措。截至2024年6月30日,现金和投资总额为 $21.7亿。
Wolfspeed 报告2024财年的营业收入为 $80720万,比2023财年的 $75850万 增长了6%,这得益于材料产品需求和汽车动力应用的增加。然而,毛利率显著下降至 9.6%,相比之下为 32.0%,主要是由于 Mohawk Valley Fab 启动带来的 $12440万 的人力资源闲置成本。由于成本上升和对产能扩张的投资,运营亏损扩大至 $44530万,较之于 $31180万。该公司完成了几项战略举措,包括根据 CRD 协议获得 $20亿 的客户预付款,并将其射频业务以大约 $13600万 的现金和股票对价出售给 MACOm。设计赢得的合同大幅增长至 $58亿,之前为 $18亿,而设计纳入的合同也增加至 $91亿,之前为 $79亿。该公司继续投资扩大生产能力,包括在北卡罗来纳州的新设施建设以及计划在德国扩张,尽管它预计需要额外的资金来完成所有计划的举措。截至2024年6月30日,现金和投资总额为 $21.7亿。
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