AOS(US:AOSL)2024-11-04 21:01Revenue Performance - Revenue for Q1 2025 was $181.9 million, a 12.8% increase from the prior quarter and a 0.7% increase year-over-year[3]. - Revenue for the three months ended September 30, 2024, was $181,887 thousand, a 12.9% increase from $161,296 thousand in the previous quarter[12]. - The company expects Q2 2025 revenue to be approximately $170 million, plus or minus $10 million[6]. Profitability Metrics - GAAP gross margin decreased to 24.5%, down from 25.7% in the prior quarter and 28.2% year-over-year[3]. - Non-GAAP operating income was $7.8 million, compared to $3.2 million in the prior quarter and $11.2 million in the same quarter last year[3]. - GAAP net loss per diluted share was $0.09, consistent with the prior quarter and down from a net income of $0.19 in the same quarter last year[3]. - Gross profit for the same period was $44,526 thousand, resulting in a gross margin of 24.5%, down from 25.7% in the previous quarter[12]. - Non-GAAP net income for the same period was $6,421 thousand, with a non-GAAP net margin of 3.5%[17]. Cash Flow and Liquidity - Consolidated cash flow from operating activities was $11.0 million, up from $7.1 million in the prior quarter[3]. - The company closed the quarter with $176.0 million in cash and cash equivalents[3]. - Cash and cash equivalents at the end of the period were $176,008 thousand, slightly up from $175,127 thousand at the end of the previous quarter[15]. - The company experienced a net cash provided by operating activities of $11,021 thousand, compared to $13,823 thousand in the same period last year[16]. Expenses and Liabilities - Operating expenses totaled $44,778 thousand, an increase from $42,936 thousand in the previous quarter, with R&D expenses at $22,478 thousand[12]. - Total current liabilities decreased to $151,737 thousand from $154,233 thousand in the previous quarter[13]. Strategic Outlook - The company plans to transition from a component supplier to a total solutions provider, aiming for growth in diverse product offerings[4]. - Seasonal decline in notebooks and smartphones is expected to impact revenue in the December quarter, but growth is anticipated in Computing and Industrial segments[4]. Share Information - The weighted average number of common shares used to compute net loss per share was 29,004 thousand for the three months ended September 30, 2024[12]. - Weighted average number of common shares used to compute GAAP diluted net income per share was 29,004, compared to 28,879 in the previous period[18]. - Weighted average number of common shares used to compute Non-GAAP diluted net income per share increased to 31,169 from 30,463[18]. Asset Management - The company’s total assets were $1,137,625 thousand, down from $1,145,013 thousand in the previous quarter[15].