SUNNYVALE, Calif.--(BUSINESS WIRE)--
Alpha and Omega Semiconductor Limited (“AOS”) (NASDAQ: AOSL), today
reported financial results for the fiscal first quarter of 2019 ended
September 30, 2018.
The results for the fiscal first quarter of 2019 ended September 30,
2018 were as follows:
|
|
|
GAAP Financial Comparison
|
|
Quarterly
|
|
(in millions, except percentage and per share data)
|
|
(unaudited)
|
|
|
Three Months Ended
|
|
|
September 30,
2018
|
|
June 30,
2018
|
|
September 30,
2017
|
|
Revenue
|
|
$
|
115.1
|
|
|
$
|
109.9
|
|
|
$
|
104.9
|
|
|
Gross Margin
|
|
28.3
|
%
|
|
26.6
|
%
|
|
26.3
|
%
|
|
Operating Income (Loss)
|
|
$
|
0.9
|
|
|
$
|
(0.1
|
)
|
|
$
|
4.6
|
|
|
Net Income Attributable to AOS
|
|
$
|
2.4
|
|
|
$
|
1.0
|
|
|
$
|
4.8
|
|
|
Net Income Per Share Attributable to AOS - Diluted
|
|
$
|
0.10
|
|
|
$
|
0.04
|
|
|
$
|
0.19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP Financial Comparison
|
|
Quarterly
|
|
(in millions, except percentage and per share data)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
September 30, 2018
|
|
June 30, 2018
|
|
September 30, 2017
|
|
Revenue
|
|
$
|
115.1
|
|
|
$
|
109.9
|
|
|
$
|
104.9
|
|
|
Non-GAAP Gross Margin
|
|
29.7
|
%
|
|
27.0
|
%
|
|
26.6
|
%
|
|
Non-GAAP Operating Income
|
|
$
|
9.7
|
|
|
$
|
7.8
|
|
|
$
|
6.6
|
|
|
Non-GAAP Net Income Attributable to AOS
|
|
$
|
8.8
|
|
|
$
|
7.6
|
|
|
$
|
6.8
|
|
|
Non-GAAP Net Income Per Share Attributable to AOS - Diluted
|
|
$
|
0.36
|
|
|
$
|
0.31
|
|
|
$
|
0.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The non-GAAP financial measures in the schedule above exclude the
effect of share-based compensation expenses in each of the periods
presented, pre-production costs relating to the Chongqing Joint Venture
for the quarter ended September 30, 2018 and June 30, 2018, and
production ramp up costs for the quarter ended September 30, 2018. A
detailed reconciliation of GAAP and non-GAAP financial measures is
included at the end of this press release.
“AOS is off to a great start in fiscal year 2019 with excellent
financial results as we delivered another record-breaking quarterly
revenue of $115.1 million, along with 29.7% non-GAAP gross margin, which
was the highest since 2011. Our relentless effort and sharp execution on
the business plan in the past few years have fundamentally upgraded AOS
as a stronger force in the power semiconductor space, which paves the
way for us to achieve our revenue and business growth objectives,”
stated Dr. Mike Chang, chairman and CEO of the company.
“We are seeing continued demand across most applications that still
exceeds our capacity to date even with some softness in a few spots of
China market. Armed with expanded breadth and depth of product portfolio
and enhanced partnerships with global brand names worldwide, we are
confident about our long-term growth and sustainable profitability. We
will continue to build up the momentum in our business expansion in
fiscal year 2019 and beyond.”
Business Outlook for Fiscal Q2 Ending December 31, 2018
The following statements are based on management's current
expectations. These statements are forward-looking, and actual results
may differ materially. AOS undertakes no obligation to update these
statements.
-
Revenue is expected to be in the range of $112 million to $116 million.
-
Gross margin is expected to be approximately 26.0% plus or minus 1%.
Non-GAAP gross margin is expected to be approximately 29.0% plus or
minus 1%. Non-GAAP gross margin excludes $0.5 million of estimated
share-based compensation charge and $3.0 million of estimated
production ramp-up costs relating to the Chongqing Joint Venture.
-
Operating expenses are expected to be in the range of $32.0 million
plus or minus $1 million. Non-GAAP operating expenses are expected to
be in the range of $25.0 million plus or minus $1 million. Both GAAP
and non-GAAP operating expenses include $3.1 million to $3.3 million
of estimated expenses relating to the development of our digital power
controller team. Non-GAAP operating expenses exclude $3.1 million of
estimated share-based compensation charge and $3.9 million of
estimated pre-production expenses relating to the Chongqing Joint
Venture.
-
Tax expenses are expected to be in the range of $0.5 million to $0.7
million.
-
Chongqing Joint Venture’s loss attributable to noncontrolling interest
is expected to be around $4.0 million. On a non-GAAP basis, excluding
estimated production ramp-up costs and pre-production expenses, this
item is expected to be approximately $0.4 million.
Conference Call and Webcast
AOS plans to hold an investor teleconference and live webcast to discuss
the financial results for the fiscal first quarter of 2019 ended
September 30, 2018 today, November 1, 2018 at 2:00 p.m. PT / 5:00 p.m.
ET. To participate in the live call, analysts and investors should dial
866-393-4306 (or 734-385-2616 if outside the U.S.). To access the live
webcast and the subsequent replay of the conference call, which will be
available for seven days after the live call, go to the "Events &
Presentations" section of the company's investor relations website, http://investor.aosmd.com.
In addition, a copy of the script of prepared remarks by CEO and CFO at
the investor teleconference and webcast is available prior to the call
at the Company’s investor relations website.
Forward-Looking Statements
This press release contains forward-looking statements that are based on
current expectations, estimates, forecasts and projections of future
performance based on management's judgment, beliefs, current trends, and
anticipated product performance. These forward-looking statements
include, without limitation, statements relating to expected growth
rate, our product portfolios, projected amount of revenue, gross margin,
operating income (loss), income tax expenses, net income (loss),
noncontrolling interest, and share-based compensation expenses, non-GAAP
gross margin, non-GAAP operating expenses, tax expenses, and non-GAAP
loss attributable to noncontrolling interest, our ability and strategy
to develop new products, including digital power controller products,
the ability to expand our sales, increase our capacity and achieve
sustained growth and profitability, the pre-production and production
phases of our Chongqing Joint Venture, the development of digital power
business, partnership with global brands, the relationship with key
customers, and other information under the section entitled “Business
Outlook for Fiscal Q2 Ending December 31, 2018”. Forward-looking
statements involve risks and uncertainties that may cause actual results
to differ materially from those contained in the forward-looking
statements. These factors include, but are not limited to, difficulties
and challenges in executing our diversification strategy into different
market segments; ordering pattern from distributors and seasonality; our
ability to introduce or develop new and enhanced products that achieve
market acceptance, the actual product performance in volume production,
the quality and reliability of our product, our ability to achieve
design wins, the general business and economic conditions, the state of
semiconductor industry and seasonality of our markets, our ability to
maintain factory utilization at a desirable level, our ability to
successfully operate our joint venture in China, our ability to develop
and succeed in the digital power business, and other risks as described
in our SEC filings, including our Annual Report on Form 10-K for the
fiscal year ended June 30, 2018 filed on August 23, 2018. Other unknown
or unpredictable factors or underlying assumptions subsequently proving
to be incorrect could cause actual results to differ materially from
those in the forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are reasonable,
we cannot guarantee future results, level of activity, performance, or
achievements. You should not place undue reliance on these
forward-looking statements. All information provided in this press
release is as of today's date, unless otherwise stated, and AOS
undertakes no duty to update such information, except as required under
applicable law.
Use of Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented
on a basis consistent with U.S. GAAP, we disclose certain non-GAAP
financial measures for our historical performance, including non-GAAP
gross profit, gross margin, operating income (loss), net loss
attributable to noncontrolling interest, net income (loss) and diluted
earnings per share ("EPS"). These supplemental measures exclude
share-based compensation expenses for all periods presented,
pre-production expenses related to Chongqing Joint Venture for the
quarter of September 30, 2018 and June 30, 2018, and production ramp up
costs for the quarter ended September 30, 2018 in this press release. We
also disclose certain non-GAAP financial measures in our guidance for
the next quarter, including non-GAAP gross margin, operating expenses
and loss attributable to noncontrolling interest. These forecast
supplemental measures exclude estimated pre-production expenses and
production ramp-up costs relating to our Chongqing Joint Venture and
estimated share-based compensation expenses. We believe that these
historical and forecast non-GAAP financial measures can provide useful
information to both management and investors by excluding certain items
and expenses that are not indicative of our core operating results or do
not reflect our normal business operations, such as the joint venture
pre-production expenses. In addition, our management uses non-GAAP
measures to compare our performance relative to forecasts and to
benchmark our performance externally against competitors. Our use of
non-GAAP financial measures has certain limitations in that the non-GAAP
financial measures we use may not be directly comparable to those
reported by other companies. For example, the terms used in this press
release, such as non-GAAP net income (loss) or non-GAAP operating
expenses, do not have a standardized meaning. Other companies may use
the same or similarly named measures, but exclude different items, which
may not provide investors with a comparable view of our performance in
relation to other companies. We seek to compensate for the limitation of
our non-GAAP presentation by providing a detailed reconciliation of the
non-GAAP financial measures to the most directly comparable U.S. GAAP
measures both in the text in this press release and in the tables
attached hereto. Investors are encouraged to review the related U.S.
GAAP financial measures and the reconciliation of these non-GAAP
financial measures to their most directly comparable U.S. GAAP financial
measures.
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer
and global supplier of a broad range of power semiconductors, including
a wide portfolio of Power MOSFET, IGBT, IPM, Power IC products and
Digital Power. AOS has developed extensive intellectual property and
technical knowledge that encompasses the latest advancements in the
power semiconductor industry, which enables us to introduce innovative
products to address the increasingly complex power requirements of
advanced electronics. AOS differentiates itself by integrating its
Discrete and IC semiconductor process technology, product design, and
advanced packaging know-how to develop high performance power management
solutions. AOS's portfolio of products targets high-volume applications,
including portable computers, flat panel TVs, LED lighting, smart
phones, battery packs, consumer and industrial motor controls and power
supplies for TVs, computers, servers and telecommunications equipment.
For more information, please visit www.aosmd.com.
The following unaudited consolidated financial statements are prepared
in accordance with U.S. GAAP.
|
|
|
Alpha and Omega Semiconductor Limited
|
|
Condensed Consolidated Statements of Operations
|
|
(in thousands, except percentages and per share amounts)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
September 30,
2018
|
|
June 30,
2018
|
|
September 30,
2017
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
|
$
|
115,072
|
|
|
$
|
109,897
|
|
|
$
|
104,858
|
|
|
Cost of goods sold
|
|
|
|
82,461
|
|
|
80,714
|
|
|
77,328
|
|
|
Gross profit
|
|
|
|
32,611
|
|
|
29,183
|
|
|
27,530
|
|
|
Gross margin
|
|
|
|
28.3
|
%
|
|
26.6
|
%
|
|
26.3
|
%
|
|
|
|
|
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
|
|
|
|
|
Research and development
|
|
|
|
11,384
|
|
|
9,951
|
|
|
8,325
|
|
|
Selling, general and administrative
|
|
|
|
20,352
|
|
|
19,307
|
|
|
14,615
|
|
|
Total operating expenses
|
|
|
|
31,736
|
|
|
29,258
|
|
|
22,940
|
|
|
Operating income (loss)
|
|
|
|
875
|
|
|
(75
|
)
|
|
4,590
|
|
|
|
|
|
|
|
|
|
|
|
Interest income and other income (loss), net
|
|
|
|
262
|
|
|
(1,589
|
)
|
|
40
|
|
|
Interest expense
|
|
|
|
(1,490
|
)
|
|
(685
|
)
|
|
(17
|
)
|
|
Income (loss) before income taxes
|
|
|
|
(353
|
)
|
|
(2,349
|
)
|
|
4,613
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
|
|
|
|
560
|
|
|
676
|
|
|
1,274
|
|
|
Net income (loss) including noncontrolling interest
|
|
|
|
(913
|
)
|
|
(3,025
|
)
|
|
3,339
|
|
|
Net loss attributable to noncontrolling interest
|
|
|
|
(3,329
|
)
|
|
(4,046
|
)
|
|
(1,461
|
)
|
|
Net income attributable to Alpha and
Omega Semiconductor
Limited
|
|
|
|
$
|
2,416
|
|
|
$
|
1,021
|
|
|
$
|
4,800
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share attributable to Alpha and
Omega
Semiconductor Limited
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
$
|
0.10
|
|
|
$
|
0.04
|
|
|
$
|
0.20
|
|
|
Diluted
|
|
|
|
$
|
0.10
|
|
|
$
|
0.04
|
|
|
$
|
0.19
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of common shares attributable to
Alpha
and Omega Semiconductor Limited used to compute
net income
per share
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
23,844
|
|
|
23,864
|
|
|
24,021
|
|
|
Diluted
|
|
|
|
24,594
|
|
|
24,628
|
|
|
24,960
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alpha and Omega Semiconductor Limited
|
|
Condensed Consolidated Balance Sheets
|
|
(in thousands, except par value per share)
|
|
(unaudited)
|
|
|
|
|
|
|
September 30, 2018
|
|
June 30, 2018
|
|
ASSETS
|
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
$
|
113,173
|
|
|
$
|
131,535
|
|
|
Restricted cash
|
|
|
|
181
|
|
|
189
|
|
|
Accounts receivable, net
|
|
|
|
37,108
|
|
|
33,755
|
|
|
Inventories
|
|
|
|
98,049
|
|
|
90,182
|
|
|
Other current assets
|
|
|
|
32,755
|
|
|
29,551
|
|
|
Total current assets
|
|
|
|
281,266
|
|
|
285,212
|
|
|
Property, plant and equipment, net
|
|
|
|
368,549
|
|
|
331,656
|
|
|
Intangible assets, net
|
|
|
|
16,567
|
|
|
16,591
|
|
|
Deferred income tax assets
|
|
|
|
4,918
|
|
|
4,892
|
|
|
Other long-term assets
|
|
|
|
13,697
|
|
|
28,698
|
|
|
Total assets
|
|
|
|
$
|
684,997
|
|
|
$
|
667,049
|
|
|
LIABILITIES AND EQUITY
|
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
|
Accounts payable
|
|
|
|
$
|
96,296
|
|
|
$
|
92,661
|
|
|
Accrued liabilities
|
|
|
|
56,054
|
|
|
49,841
|
|
|
Income taxes payable
|
|
|
|
2,218
|
|
|
2,211
|
|
|
Short term debt
|
|
|
|
8,251
|
|
|
3,811
|
|
|
Deferred margin
|
|
|
|
—
|
|
|
1,665
|
|
|
Capital leases
|
|
|
|
5,893
|
|
|
4,491
|
|
|
Total current liabilities
|
|
|
|
168,712
|
|
|
154,680
|
|
|
Long-term debt
|
|
|
|
38,795
|
|
|
26,786
|
|
|
Income taxes payable - long-term
|
|
|
|
936
|
|
|
924
|
|
|
Deferred income tax liabilities
|
|
|
|
1,063
|
|
|
713
|
|
|
Capital leases - long-term
|
|
|
|
52,925
|
|
|
56,791
|
|
|
Other long-term liabilities
|
|
|
|
894
|
|
|
993
|
|
|
Total liabilities
|
|
|
|
263,325
|
|
|
240,887
|
|
|
Equity:
|
|
|
|
|
|
|
|
Preferred shares, par value $0.002 per share:
|
|
|
|
|
|
|
|
Authorized: 10,000 shares, issued and outstanding: none at
September
30, 2018 and June 30, 2018
|
|
|
|
—
|
|
|
—
|
|
|
Common shares, par value $0.002 per share:
|
|
|
|
|
|
|
|
Authorized: 100,000 shares, issued and outstanding: 30,437
shares
and 23,786 shares, respectively at September 30, 2018
and
30,400 shares and 23,860 shares, respectively at June 30,
2018
|
|
|
|
61
|
|
|
61
|
|
|
Treasury shares at cost, 6,651 shares at
September 30, 2018
and 6,540 shares at June 30, 2018
|
|
|
|
(66,283
|
)
|
|
(64,790
|
)
|
|
Additional paid-in capital
|
|
|
|
223,369
|
|
|
220,244
|
|
|
Accumulated other comprehensive income (loss)
|
|
|
|
(2,808
|
)
|
|
440
|
|
|
Retained earnings
|
|
|
|
126,083
|
|
|
122,639
|
|
|
Total Alpha and Omega Semiconductor Limited shareholder's
equity
|
|
|
|
280,422
|
|
|
278,594
|
|
|
Noncontrolling interest
|
|
|
|
141,250
|
|
|
147,568
|
|
|
Total equity
|
|
|
|
421,672
|
|
|
426,162
|
|
|
Total liabilities and equity
|
|
|
|
$
|
684,997
|
|
|
$
|
667,049
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental disclosures of financial information:
|
|
|
|
|
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of September 30, 2018
|
|
As of June 30, 2018
|
|
|
|
|
AOS
|
|
CQJV
|
|
Consolidated
|
|
AOS
|
|
CQJV
|
|
Consolidated
|
|
Cash and cash equivalents
|
|
|
|
$
|
81,153
|
|
|
$
|
32,020
|
|
|
$
|
113,173
|
|
|
$
|
88,269
|
|
|
$
|
43,266
|
|
|
$
|
131,535
|
|
Bank borrowings liabilities
|
|
|
|
$
|
47,303
|
|
|
$
|
58,159
|
|
|
$
|
105,462
|
|
|
$
|
30,876
|
|
|
$
|
60,416
|
|
|
$
|
91,292
|
|
Property, plant and equipment, net
|
|
|
|
$
|
148,770
|
|
|
$
|
219,779
|
|
|
$
|
368,549
|
|
|
$
|
141,575
|
|
|
$
|
190,081
|
|
|
$
|
331,656
|
|
Total assets
|
|
|
|
$
|
390,799
|
|
|
$
|
294,198
|
|
|
$
|
684,997
|
|
|
$
|
384,380
|
|
|
$
|
282,669
|
|
|
$
|
667,049
|
|
Total equity
|
|
|
|
$
|
299,855
|
|
|
$
|
121,817
|
|
|
$
|
421,672
|
|
|
$
|
293,609
|
|
|
$
|
132,553
|
|
|
$
|
426,162
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, 2018
|
|
Three Months Ended June 30, 2018
|
|
Three Months Ended September 30, 2017
|
|
|
|
|
AOS
|
|
CQJV
|
|
Consolidated
|
|
AOS
|
|
CQJV
|
|
Consolidated
|
|
AOS
|
|
CQJV
|
|
Consolidated
|
|
Net cash
provided by
(used in)
operating
activities
|
|
|
|
$
|
18,403
|
|
|
$
|
(416
|
)
|
|
$
|
17,987
|
|
|
$
|
8,722
|
|
|
$
|
(19,499
|
)
|
|
$
|
(10,777
|
)
|
|
$
|
15,298
|
|
|
$
|
(3,048
|
)
|
|
$
|
12,250
|
|
Purchase of
property and
equipment
|
|
|
|
$
|
15,216
|
|
|
$
|
34,272
|
|
|
$
|
49,488
|
|
|
$
|
13,805
|
|
|
$
|
41,271
|
|
|
$
|
55,076
|
|
|
$
|
7,118
|
|
|
$
|
21,171
|
|
|
$
|
28,289
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alpha and Omega Semiconductor Limited
|
|
Reconciliation of Condensed Consolidated GAAP Financial Measures
to Non-GAAP Financial Measures
|
|
(in thousands, except percentages and per share data)
|
|
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
|
|
|
September 30,
2018
|
|
June 30,
2018
|
|
September 30,
2017
|
|
|
|
|
|
|
|
|
|
|
GAAP gross profit
|
|
|
|
$
|
32,611
|
|
|
$
|
29,183
|
|
|
$
|
27,530
|
|
|
Share-based compensation
|
|
|
|
497
|
|
|
461
|
|
|
316
|
|
|
Production ramp up costs related to joint venture
|
|
|
|
1,117
|
|
|
—
|
|
|
—
|
|
|
Non-GAAP gross profit
|
|
|
|
$
|
34,225
|
|
|
$
|
29,644
|
|
|
$
|
27,846
|
|
|
Non-GAAP gross margin
|
|
|
|
29.7
|
%
|
|
27.0
|
%
|
|
26.6
|
%
|
|
|
|
|
|
|
|
|
|
|
GAAP operating income (loss)
|
|
|
|
$
|
875
|
|
|
$
|
(75
|
)
|
|
$
|
4,590
|
|
|
Share-based compensation
|
|
|
|
3,129
|
|
|
2,935
|
|
|
2,008
|
|
|
Pre-production costs related to joint venture
|
|
|
|
4,627
|
|
|
4,988
|
|
|
—
|
|
|
Production ramp up costs related to joint venture
|
|
|
|
1,117
|
|
|
—
|
|
|
—
|
|
|
Non-GAAP operating income
|
|
|
|
$
|
9,748
|
|
|
$
|
7,848
|
|
|
$
|
6,598
|
|
|
Non-GAAP operating margin
|
|
|
|
8.5
|
%
|
|
7.1
|
%
|
|
6.3
|
%
|
|
|
|
|
|
|
|
|
|
|
GAAP net income attributable to AOS
|
|
|
|
$
|
2,416
|
|
|
$
|
1,021
|
|
|
$
|
4,800
|
|
|
Share-based compensation
|
|
|
|
3,129
|
|
|
2,935
|
|
|
2,008
|
|
|
Pre-production expenses related to joint venture
|
|
|
|
2,662
|
|
|
3,643
|
|
|
—
|
|
|
Production ramp up costs related to joint venture
|
|
|
|
582
|
|
|
—
|
|
|
—
|
|
|
Non-GAAP net income attributable to AOS
|
|
|
|
$
|
8,789
|
|
|
$
|
7,599
|
|
|
$
|
6,808
|
|
|
Non-GAAP net margin attributable to AOS
|
|
|
|
7.6
|
%
|
|
6.9
|
%
|
|
6.5
|
%
|
|
|
|
|
|
|
|
|
|
|
GAAP net income attributable to AOS
|
|
|
|
$
|
2,416
|
|
|
$
|
1,021
|
|
|
$
|
4,800
|
|
|
Share-based compensation
|
|
|
|
3,129
|
|
|
2,935
|
|
|
2,008
|
|
|
Amortization and depreciation
|
|
|
|
7,870
|
|
|
7,601
|
|
|
6,978
|
|
|
Interest expense (income), net
|
|
|
|
1,424
|
|
|
582
|
|
|
(41
|
)
|
|
Income tax expense
|
|
|
|
560
|
|
|
676
|
|
|
1,274
|
|
|
EBITDAS
|
|
|
|
$
|
15,399
|
|
|
$
|
12,815
|
|
|
$
|
15,019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GAAP diluted net income per share attributable to AOS
|
|
|
|
$
|
0.10
|
|
|
$
|
0.04
|
|
|
$
|
0.19
|
|
|
Share-based compensation
|
|
|
|
0.13
|
|
|
0.12
|
|
|
0.08
|
|
|
Pre-production expenses related to joint venture
|
|
|
|
0.11
|
|
|
0.15
|
|
|
—
|
|
|
Production ramp up costs related to joint venture
|
|
|
|
0.02
|
|
|
—
|
|
|
—
|
|
|
Non-GAAP diluted net income per share attributable to AOS
|
|
|
|
$
|
0.36
|
|
|
$
|
0.31
|
|
|
$
|
0.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares used to compute diluted net income per share
|
|
|
|
24,594
|
|
|
24,628
|
|
|
24,960
|
|
|
|
|
|
|
|
|
|
|
|
|
|
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181101006067/en/
Alpha and Omega Semiconductor Limited
Investor Relations
So-Yeon
Jeong
408-789-3172
investors@aosmd.com
Source: Alpha and Omega Semiconductor Limited