Alpha and Omega Semiconductor Reports Financial Results for Fiscal Fourth Quarter and Fiscal Year Ended June 30, 2024

The non-GAAP financial measures in the schedule above and under the section "Financial Results for Fiscal Q4 Ended June 30, 2024" below exclude the effect of share-based compensation expenses, amortization of purchased intangible, legal costs related to government investigation, equity method investment loss from equity investee, and income tax effect of non-GAAP adjustments in each of the periods presented. A detailed reconciliation of GAAP and non-GAAP financial measures is included at the end of this press release.

The results for the fiscal year ended June 30, 2024 and 2023 were as follows:

GAAP Financial Comparison

Annually

(in millions, except percentage and per share data)

(unaudited)

 

 

Year Ended June 30,

 

 

2024

 

2023

Revenue

$

657.3

 

$

691.3

 

Gross Margin

 

26.2

%

 

28.9

%

Operating Income (Loss)

$

(3.8

)

$

22.5

 

Net Income (Loss)

$

(11.1

)

$

12.4

 

Net Income (Loss) Per Share - Diluted

$

(0.39

)

$

0.42

 

 

Non-GAAP Financial Comparison

Annually

(in millions, except percentage and per share data)

(unaudited)

 

 

 

 

 

Year Ended June 30,

 

 

2024

 

2023

Revenue

$

657.3

 

$

691.3

 

Non-GAAP Gross Margin

 

27.2

%

 

30.2

%

Non-GAAP Operating Income

$

21.7

 

$

63.9

 

Non-GAAP Net Income

$

18.5

 

$

55.0

 

Non-GAAP Net Income Per Share - Diluted

$

0.62

 

$

1.86

 


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