Tue, May 6, 12:58 PM (5 days ago)
**ICHOR HOLDINGS, LTD. (ICHR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $244,465,000, up 21.4% YoY, driven by increased customer demand in the semiconductor capital equipment sector. - **Gross Margin:** 11.7%, a 30 basis points improvement YoY, due to lower excess and obsolete inventory expenses. - **Operating Loss:** $(1,172,000), an improvement from $(3,741,000) YoY, despite higher R&D and SG&A expenses. - **Net Loss:** $(4,559,000), improved from $(8,989,000) YoY, with a higher effective tax rate of (57.3)% due to discrete tax items. - **Cash Flow:** Positive operating cash flow of $18,977,000, driven by favorable working capital changes and reduced net loss. **Profit Margins & Earnings:** - **Gross Margin:** 11.7%, up from 11.4% YoY. - **Operating Margin:** (0.5)%, improved from (1.9)% YoY. - **Net Margin:** (1.9)%, improved from (4.5)% YoY. - **EPS:** $(0.13), improved from $(0.30) YoY. **Cash Flow & Future Operations:** - **Cash Flow from Operations:** $18,977,000, up from $4,804,000 YoY. - **Capital Expenditures:** $(18,481,000), up from $(4,490,000) YoY. - **Future Liquidity:** Management expects sufficient cash and credit facilities to fund operations and obligations for at least the next 12 months. **Trends & Uncertainties:** - **Positive Trends:** Strong demand in the semiconductor capital equipment sector, improved gross margins, and positive operating cash flow. - **Uncertainties:** Geopolitical risks, trade policies, and global macroeconomic conditions may impact future performance. - **Future Operations:** Management remains confident in long-term demand for semiconductors and their products, despite near-term challenges. **Management's Outlook:** - **Cautious Optimism:** While acknowledging near-term challenges, management expects long-term growth driven by increased semiconductor demand and advanced manufacturing technologies. - **Risk Factors:** Geopolitical risks, trade policies, and global macroeconomic conditions may impact future performance.