AOS(US:AOSL)2019-11-05 13:11Growth and Strategy - AOS is an emerging total solution provider in a market exceeding $40 billion[5] - The company projects a revenue CAGR of 13-15% from CY2018 to CY2024[15] - Major growth drivers are expected to contribute for multiple years[28] - The Chongqing JV 12-inch Phase 1 is targeted to reach its run rate by Q1FY2021, supporting approximately $150 million in additional revenue[43, 59] Financial Performance - Q1FY2020 saw a record revenue quarter, marking the 15th consecutive quarter of year-over-year revenue growth, driven by the mobile business[42] - The company targets revenue of $600 million to $1 billion, with a gross margin exceeding 30% and operating expenses around 20%[65] - Non-GAAP gross profit for the quarter ended September 30, 2019, was $33359 million, with a gross margin of 28.3%[68] - Non-GAAP net income attributable to AOS for the quarter ended September 30, 2019, was $6476 million, representing a net margin of 5.5%[68] Balance Sheet - As of September 2019, the company's consolidated cash position was $103.1 million, and total debt was $136.4 million[61] - Inventory was valued at $118.6 million, and fixed assets totaled $400.3 million[61]