I ended up (mostly luckily) selling my Knowles (NYSE: KN ) shares at around ~$20 and making a decent profit on the trade all considered, but year-to-date, the stock is now down nearly 20% in the low-$16/share range. And they’re down aboutAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compens ...

IRVINE, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low-power edge AI deployment, today announced that its CEO, Kurt Busch, will participate in Bernstein's 3rd Annual Technology, Media and Telecommunications (TMT) Forum, taking place February 26-27 at Hotel Nia in Menlo Park, Calif. Busch will join Bernstein's Managing Director and Senior Analyst Dr. Stacy Rasgon, Ph.D., on February 26 at 11 a.m. PST for a fireside chat to discuss Syntiant's value proposition and growt ...

IRVINE, Calif., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low-power edge AI deployment, today announced that its CEO, Kurt Busch, will participate in Bernstein’s 3rd Annual Technology, Media and Telecommunications (TMT) Forum, taking place February 26-27 at Hotel Nia in Menlo Park, Calif. Busch will join Bernstein’s Managing Director and Senior Analyst Dr. Stacy Rasgon, Ph.D., on February 26 at 11 a.m. PST for a fireside chat to discuss Syntiant’s value proposition and growt ...

Knowles Corporation (NYSE:KN) Q4 2024 Earnings Conference Call February 13, 2025 4:30 PM ET Company Participants Sarah Cook - Vice President of Investor Relations Jeffrey Niew - President and CEO John Anderson - SVP and CFO Conference Call Participants Anthony Stoss - Craig-Hallum Bob Labick - CJS Securities Sarah Cook Please go ahead. Thank you, and welcome to our fourth quarter and full year 2024 earnings call. I am Sarah Cook, Vice President of Investor Relations. Presenting with me today are Jeffrey Nie ...

FORM 10-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36102 Knowles Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or o ...

Financial Contact: Sarah Cook Knowles Investor Relations Email: investorrelations@knowles.com Knowles received $75M+, multi-year, order for high-performance capacitors in Energy market Knowles Reports Q4 & Full Year 2024 Financial Results and Provides Outlook for Q1 2025 Fourth Quarter Revenues from Continuing Operations increased 2% and Full Year Revenues from Continuing Operations increased 21% on a year over year basis Generated Fourth Quarter Net Cash from Operations of $35M and full year Net Cash from ...

Acquisition Details - Syntiant Corp completed the acquisition of Knowles Corporation's Consumer MEMS Microphones (CMM) business for $150 million in cash and stock [4] - The acquisition was financed through equity funding led by Khazanah Nasional Berhad and Boardman Bay Capital Management, with debt financing arranged by Structural Capital [3] Financial Performance - Knowles' CMM division generated revenue of approximately $256 million in 2023 [3][8] Strategic Impact - The acquisition positions Syntiant as a leader in the multibillion-dollar MEMS microphone market, combining cutting-edge sensors, processors, and high-performance machine learning models [1] - Syntiant aims to accelerate the development of next-generation solutions for autonomous vehicles, smart home devices, and industrial automation [1] - The integration of Knowles' CMM business enhances Syntiant's product portfolio, supporting new audio applications in consumer and industrial markets [8] Technological Advancements - Syntiant has deployed more than 50 million Neural Decision Processors (NDPs) and deep learning models worldwide, delivering ultra-low-power AI in edge devices [9] - The integration of advanced MEMS sensors into Syntiant's existing hardware-software capabilities provides customers with a total edge AI audio solution [9] Investor and Partner Support - Boardman Bay Capital Management expressed deep confidence in Syntiant's ability to drive the future of edge AI [2] - Khazanah Nasional Berhad supports Syntiant's vision for the growth of Malaysia's semiconductor ecosystem, aligning with its goal of fostering technological advancements in the region [10] - Structural Capital believes the deal will accelerate Syntiant's growth and strengthen its market presence [19] Company Background - Syntiant Corp, founded in 2017 and headquartered in Irvine, Calif, is a leader in delivering hardware and software solutions for edge AI deployment [15] - Knowles' CMM business designs and manufactures MEMS microphones, known as SiSonicTM, for voice control communications and superior audio recording across various market segments [16] Industry Context - The acquisition reflects the rising demand for chips in emerging technologies like AI and the shifting global supply chain, creating opportunities for Malaysia to advance in the semiconductor and advanced manufacturing value chain [10]

-Provides Customers with End-to-End Edge AI Solutions Integrating Sensors, Processors and Software- -Expands Product Portfolio to Support New Audio Applications in Consumer and Industrial Markets--Generated Revenue of Approximately $256 Million in 2023 - IRVINE, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Syntiant Corp., the recognized leader in low power edge AI deployments, today announced it has completed the acquisition of Knowles Corporation’s (NYSE: KN) Consumer MEMS Microphones (CMM) business for $150 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024. or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36102 Knowles Corporation (Exact name of registrant as specified in its charter) Delaware 90-1002689 (St ...

Financial Data and Key Metrics Changes - The company reported Q3 2024 revenue of $143 million, representing a 32% year-over-year growth driven by the Cornell acquisition and 4% organic growth [5][10] - Adjusted EBITDA margins were 24.6%, with expectations for further margin expansion due to improved market conditions and synergies from the Cornell acquisition [5][6] - EPS for the quarter was $0.26, up 30% from the previous year [10][12] Business Line Data and Key Metrics Changes - Medtech & Specialty Audio segment revenue grew 10% year-over-year to $64 million, driven by higher demand in Hearing Health and Specialty Audio [10][11] - Precision Devices segment revenue increased 57% year-over-year to $79 million, primarily due to the Cornell acquisition, despite lower shipments in the industrial end market [10][11] - Gross margins for Medtech & Specialty Audio were 53.1%, down 60 basis points year-over-year, while Precision Devices had gross margins of 40%, down 40 basis points [10][11] Market Data and Key Metrics Changes - The defense market remains strong, while the industrial market shows weakness with inconsistent bookings from distribution partners [18][19] - The electrification market is flat year-over-year, with new design wins offsetting some declines [31] - Distribution partners report approximately six months of inventory on hand, indicating a need for inventory normalization [29][30] Company Strategy and Development Direction - The company is transitioning its portfolio to higher growth markets and products, focusing on Medtech, defense, electrification, and industrial sectors [4][9] - The sale of the Consumer MEMS Microphone business is part of the strategy to enhance shareholder value and focus on more attractive markets [4][9] - An Investor Forum is planned for Q1 2025 to discuss growth strategies and future plans in detail [9][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Hearing Health market, especially with new features in Apple products driving awareness and adoption [6][7] - There is cautious optimism for recovery in the industrial market by late Q1 and Q2 of 2025, although current conditions remain inconsistent [19][30] - The company anticipates modest sequential revenue growth in Q4 2024, with guidance for revenues between $141 million and $151 million [14][15] Other Important Information - The company generated $53 million in cash from operating activities, exceeding guidance due to lower net working capital [12] - Capital spending for Q3 was $4 million, with expectations for Q4 capital spending to be around $6 million [12][14] - The net leverage ratio based on trailing 12 months adjusted EBITDA was 1x, indicating a strong balance sheet position [13] Q&A Session Summary Question: Demand in Precision Devices (PD) segment - Management noted that the defense market remains strong, while industrial markets show weakness with inconsistent bookings [18][19] Question: CapEx expectations - Management indicated a go-forward CapEx level of around 3% of revenue, with potential fluctuations based on business cycles [20][21] Question: M&A environment - The company is actively assessing M&A opportunities, focusing on targets that align with their higher margin business strategy [23][24] Question: Margin expansion opportunities in Cornell - Management highlighted continued opportunities for margin improvement through pricing and operational efficiencies [25][27] Question: Inventory levels and geographic demand patterns - Distribution partners report about six months of inventory, with expectations for normalization in the coming months [29][30] Question: Changes in demand patterns in other end markets - Management stated that consumer demand remains stable, with no significant issues observed [33]