Allegro MicroSystems Reports First Quarter 2025 Results

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ALLEGRO MICROSYSTEMS, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(in thousands, except share and per share amounts)
(Unaudited)
 
   Three-Month Period Ended 
   June 28, 2024   June 30, 2023 
Net sales $166,919  $278,293 
Cost of goods sold  92,148   120,343 
Gross profit  74,771   157,950 
Operating expenses:      
Research and development  45,204   42,975 
Selling, general and administrative  40,197   44,229 
Total operating expenses  85,401   87,204 
Operating (loss) income  (10,630)  70,746 
Interest and other income (expense)  (5,943)    (2,642 )
(Loss) income before income taxes     (16,573 )     68,104  
Income tax provision     1,040       7,215  
Net (loss) income     (17,613 )     60,889  
Net income attributable to non-controlling interests     62       39  
Net (loss) income attributable to Allegro MicroSystems, Inc.   $ (17,675 )   $ 60,850  
Net (loss) income per common share attributable to Allegro MicroSystems, Inc.:            
Basic   $ (0.09 )   $ 0.32  
Diluted   $ (0.09 )   $ 0.31  
Weighted average shares outstanding:            
Basic     193,465,708       191,997,330  
Diluted     193,465,708       194,991,906  
 

Supplemental Schedule of Total Net Sales

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