Transphorm(US:TGAN)2023-11-10 04:45Financial Performance - Revenue for Fiscal Quarter 2 2024 was $5 million, with product revenue contributing $3.6 million, an 18% increase compared to the previous quarter[11] - High power revenue accounted for over 70% of the total product revenue[11] - Gross margin was 23%, an improvement from 12% year-over-year[19] - Non-GAAP operating expenses (OPEX) were $6.4 million[19] - Non-GAAP loss per share (EPS) was ($0.08)[19] - Stockholders' equity increased to $23.7 million[19] Business Highlights - The product pipeline exceeds $475 million[10, 15] - High power products (over 300 Watts) constitute 70% of the power products pipeline[15] - Over 200 billion hours of field reliability have been recorded across 18 million devices shipped[8, 23] - Design-ins for low power adapters/chargers (25W – 300W) total over 115, with over 30 in production[11] - Design-ins for high power applications (300W – 75kW) total over 100, with over 35 in production[11]