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Astera Labs | 10-Q: Quarterly report

Astera Labs | 10-Q: Quarterly report

Astera Labs | 10-Q:季度报表
美股SEC公告 ·  2024/11/06 02:23

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Astera Labs delivered exceptional Q3 2024 performance with revenue soaring 206% year-over-year to $113.1 million, primarily driven by a 197% increase in unit shipments of Aries products. Gross margin improved to 77.7%, while non-GAAP operating income reached $36.6 million compared to $0.7 million in Q3 2023.The company maintained strong operational execution with cash flow from operations of $97.0 million for the nine months ended September 30, 2024. The successful completion of its IPO in March 2024 generated net proceeds of $672.2 million, strengthening the balance sheet with cash and marketable securities of $886.8 million as of quarter-end.Research and development investments increased 146% year-over-year to $50.7 million as the company expanded its product development initiatives. Management remains focused on innovation in semiconductor-based connectivity solutions for cloud and AI infrastructure, with continued strong demand for its Intelligent Connectivity Platform products across major hyperscalers.
Astera Labs delivered exceptional Q3 2024 performance with revenue soaring 206% year-over-year to $113.1 million, primarily driven by a 197% increase in unit shipments of Aries products. Gross margin improved to 77.7%, while non-GAAP operating income reached $36.6 million compared to $0.7 million in Q3 2023.The company maintained strong operational execution with cash flow from operations of $97.0 million for the nine months ended September 30, 2024. The successful completion of its IPO in March 2024 generated net proceeds of $672.2 million, strengthening the balance sheet with cash and marketable securities of $886.8 million as of quarter-end.Research and development investments increased 146% year-over-year to $50.7 million as the company expanded its product development initiatives. Management remains focused on innovation in semiconductor-based connectivity solutions for cloud and AI infrastructure, with continued strong demand for its Intelligent Connectivity Platform products across major hyperscalers.
Astera Labs在2024年第三季度表现出色,营业收入同比飙升206%,达到11310万美元,主要得益于Aries产品出货量增加197%。毛利率提升至77.7%,非GAAP营业收入达到3660万美元,而2023年第三季度为70万美元。公司保持了强大的运营执行力,截至2024年9月30日的九个月内,经营现金流为9700万美元。2024年3月成功完成IPO,净收益为67220万美元,使资产负债表得到加强,截至季度末,现金和可流通证券为88680万美元。研发投资同比增长146%,达到5070万美元,因为公司扩大了产品开发计划。管理层仍专注于云和人工智能制造行业的半导体连接解决方案的创新,针对主要超大规模云服务商对其智能连接平台产品的持续强劲需求。
Astera Labs在2024年第三季度表现出色,营业收入同比飙升206%,达到11310万美元,主要得益于Aries产品出货量增加197%。毛利率提升至77.7%,非GAAP营业收入达到3660万美元,而2023年第三季度为70万美元。公司保持了强大的运营执行力,截至2024年9月30日的九个月内,经营现金流为9700万美元。2024年3月成功完成IPO,净收益为67220万美元,使资产负债表得到加强,截至季度末,现金和可流通证券为88680万美元。研发投资同比增长146%,达到5070万美元,因为公司扩大了产品开发计划。管理层仍专注于云和人工智能制造行业的半导体连接解决方案的创新,针对主要超大规模云服务商对其智能连接平台产品的持续强劲需求。
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