Cohu(US:COHU)2025-05-01 20:09Financial Performance - Q1'25 revenue was $968 million[8], slightly below the guidance of $97 million +/- $7 million[26] - Q1'25 non-GAAP gross margin was 442%[10], compared to 418% in Q4'24[10] and 460% in Q1'24[10] - Q1'25 adjusted EBITDA was -20%[12], similar to Q4'24[12] - Q1'25 non-GAAP EPS was -$002[26], an improvement from -$015 in Q4'24[26] Balance Sheet and Cash Flow - Cash and investments decreased from $262 million in Q4'24 to $201 million in Q1'25[27] - Total debt increased from $9 million in Q4'24 to $18 million in Q1'25[27] - Cash flow from operations was -$102 million in Q1'25[27] - Net cash per share decreased from $542 in Q4'24 to $393 in Q1'25[28] Q2'25 Outlook - Q2'25 revenue is forecasted to be $106 million +/- $7 million[30], an increase of approximately 10% compared to Q1'25[32] - Q2'25 gross margin is expected to be around 45%[30] - Q2'25 operating expenses are projected to be approximately $48 million[30], down from $486 million in Q1'25[30] - Q2'25 adjusted EBITDA is expected to be around 4%[30]