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Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024

Wolfspeed | 8-K: Wolfspeed Reports Financial Results for the Fourth Quarter and Full Fiscal Year 2024

Wolfspeed | 8-K:Wolfspeed公佈了第四季度和2024財年的財務業績
美股SEC公告 ·  2024/08/22 04:10

牛牛AI助理已提取核心訊息

Wolfspeed reported Q4 FY2024 revenue of $200.7M, slightly down from $202.7M YoY, with Mohawk Valley Fab contributing $41M. The company achieved 20% utilization at Mohawk Valley and plans to reach 25% utilization in Q1 FY25, one quarter ahead of schedule. GAAP gross margin declined to 1% from 29% YoY, while non-GAAP gross margin fell to 5% from 31%.The company announced plans to accelerate the shift of device fabrication to its 200mm Mohawk Valley Fab while assessing the timing of closing its 150mm Durham device fab. Management aims to reduce FY25 net CapEx spend by $200M and is in talks with the CHIPS office regarding potential capital grants. The company expects to receive over $1B in cash refunds from Section 48D tax credits.For Q1 FY2025, Wolfspeed targets revenue between $185M-$215M, with GAAP net loss projected at $226M-$194M, or $1.79-$1.54 per share. Non-GAAP net loss is expected to be $138M-$114M, or $1.09-$0.90 per share.
Wolfspeed reported Q4 FY2024 revenue of $200.7M, slightly down from $202.7M YoY, with Mohawk Valley Fab contributing $41M. The company achieved 20% utilization at Mohawk Valley and plans to reach 25% utilization in Q1 FY25, one quarter ahead of schedule. GAAP gross margin declined to 1% from 29% YoY, while non-GAAP gross margin fell to 5% from 31%.The company announced plans to accelerate the shift of device fabrication to its 200mm Mohawk Valley Fab while assessing the timing of closing its 150mm Durham device fab. Management aims to reduce FY25 net CapEx spend by $200M and is in talks with the CHIPS office regarding potential capital grants. The company expects to receive over $1B in cash refunds from Section 48D tax credits.For Q1 FY2025, Wolfspeed targets revenue between $185M-$215M, with GAAP net loss projected at $226M-$194M, or $1.79-$1.54 per share. Non-GAAP net loss is expected to be $138M-$114M, or $1.09-$0.90 per share.
Wolfspeed報告了2024財年第4季度營業收入爲$20070萬,同比略降於$20270萬,其中Mohawk Valley工廠貢獻了$4100萬。該公司在Mohawk Valley的利用率達到了20%,計劃在2025財年第1季度達到25%的利用率,比原定計劃提前一個季度。GAAP毛利率從29%下降至1%,而非GAAP毛利率從31%降至5%。該公司宣佈計劃加速將設備製造轉移到其200mm的Mohawk Valley工廠,同時評估關閉150mm的Durham設備工廠的時機。管理層旨在將2025財年的淨資本支出減少$20000萬,並正在與CHIPS辦公室討論潛在的資本補助。公司預計將獲得超過$1...展開全部
Wolfspeed報告了2024財年第4季度營業收入爲$20070萬,同比略降於$20270萬,其中Mohawk Valley工廠貢獻了$4100萬。該公司在Mohawk Valley的利用率達到了20%,計劃在2025財年第1季度達到25%的利用率,比原定計劃提前一個季度。GAAP毛利率從29%下降至1%,而非GAAP毛利率從31%降至5%。該公司宣佈計劃加速將設備製造轉移到其200mm的Mohawk Valley工廠,同時評估關閉150mm的Durham設備工廠的時機。管理層旨在將2025財年的淨資本支出減少$20000萬,並正在與CHIPS辦公室討論潛在的資本補助。公司預計將獲得超過$10億的48D稅收抵免現金退款。對於2025財年第1季度,Wolfspeed的營業收入目標在$18500萬至$21500萬之間,GAAP淨虧損預計在$22600萬至$19400萬之間,或每股$1.79至$1.54。非GAAP淨虧損預計在$13800萬至$11400萬之間,或每股$1.09至$0.90。

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