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Wolfspeed | 10-K: FY2024 Annual Report

Wolfspeed | 10-K: FY2024 Annual Report

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

Moomoo AI 已提取核心訊息

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 報告2024財年的營業收入爲 $80720萬,比2023財年的 $75850萬 增長了6%,這得益於材料產品需求和汽車動力應用的增加。然而,毛利率顯著下降至 9.6%,相比之下爲 32.0%,主要是由於 Mohawk Valley Fab 啓動帶來的 $12440萬 的人力資源閒置成本。由於成本上升和對產能擴張的投資,運營虧損擴大至 $44530萬,較之於 $31180萬。該公司完成了幾項戰略舉措,包括根據 CRD 協議獲得 $20億 的客戶預付款,並將其射頻業務以大約 $13600萬 的現金和股票對價出售給 MACOm。設計贏得的合同大幅增長至 $58億,之前爲 $18億,而設計納入的合同也增加至 $91億,之前爲 $79億。該公司繼續投資擴大生產能力,包括在北卡羅來納州的新設施建設以及計劃在德國擴張,儘管它預計需要額外的資金來完成所有計劃的舉措。截至2024年6月30日,現金和投資總額爲 $21.7億。
Wolfspeed 報告2024財年的營業收入爲 $80720萬,比2023財年的 $75850萬 增長了6%,這得益於材料產品需求和汽車動力應用的增加。然而,毛利率顯著下降至 9.6%,相比之下爲 32.0%,主要是由於 Mohawk Valley Fab 啓動帶來的 $12440萬 的人力資源閒置成本。由於成本上升和對產能擴張的投資,運營虧損擴大至 $44530萬,較之於 $31180萬。該公司完成了幾項戰略舉措,包括根據 CRD 協議獲得 $20億 的客戶預付款,並將其射頻業務以大約 $13600萬 的現金和股票對價出售給 MACOm。設計贏得的合同大幅增長至 $58億,之前爲 $18億,而設計納入的合同也增加至 $91億,之前爲 $79億。該公司繼續投資擴大生產能力,包括在北卡羅來納州的新設施建設以及計劃在德國擴張,儘管它預計需要額外的資金來完成所有計劃的舉措。截至2024年6月30日,現金和投資總額爲 $21.7億。
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