Fri, Aug 23, 8:03 PM (144 days ago)
Alpha and Omega Semiconductor Limited (AOSL) reported a revenue of $657.3 million for the fiscal year ending June 30, 2024, down 4.9% from $691.3 million in 2023, primarily due to decreased sales of power discrete products and power ICs. The net loss was $11.1 million, contrasting with a net income of $12.4 million in the previous year, largely attributed to a significant decline in the personal computing market. Operating expenses slightly decreased to $175.7 million, with R&D expenses rising to $89.9 million, reflecting ongoing investments in technology development. The company maintained a gross margin of 26.2%, down from 28.9% in 2023, impacted by higher material costs. AOSL's cash and cash equivalents were $175.5 million as of June 30, 2024. The firm’s reliance on third-party foundries for manufacturing remains a risk, while geopolitical tensions between the U.S. and China could further impact operations. The company is also navigating changes due to a joint venture dilution and ongoing compliance with export regulations. Future strategies include enhancing product offerings and diversifying market segments to mitigate dependence on the PC market.