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KLIC Nasdaq· Kulicke and Soffa Industries Inc.
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KLIC Nasdaq· Kulicke and Soffa Industries Inc.
Earnings report Q4 2023

KLIC Reports Decrease in Revenue for Latest Quarter

Segments of Revenue

KLIC reported a total net revenue of $171.2 million for the three months ended December 30, 2023, representing a decrease of 2.9% compared to the same period in the previous year. The breakdown of revenue by end markets served is as follows:

  • General Semiconductor: $70.9 million
  • Automotive & Industrial: $23.5 million
  • LED: $5.7 million
  • Memory: $29.7 million
  • APS: $41.2 million

Strengths

Despite the overall decrease in net revenue, KLIC experienced higher volume in Ball Bonding, which partially offset the decline in other segments. This indicates the company's ability to adapt to market demands and maintain a competitive position in the industry.

Challenges

The decrease in net revenue can be attributed to lower volume in Wedge Bonding Equipment, Advanced Solutions, and All Others segments. This suggests potential challenges in these areas, which may require further analysis and strategic adjustments to improve performance.

Noteworthy

KLIC's income from operations significantly declined from $11.8 million in the previous year to $1.7 million in the latest quarter, representing a decrease of 85.7%. This decline in profitability is a notable concern and warrants further investigation into the factors contributing to this significant decrease.

Summary

KLIC reported a decrease in net revenue for the latest quarter, primarily driven by lower volume in certain segments. However, the company demonstrated strength in Ball Bonding, which helped mitigate the overall decline. The significant decrease in income from operations raises concerns about profitability and highlights the need for strategic adjustments to address challenges in specific segments. Further analysis is required to determine the underlying factors impacting KLIC's financial performance and to identify potential opportunities for improvement.

Source documents

Form 10-Q  filed on Feb 01, 2024
122 pages scanned

Reference data

Company financials Q4 revenue 171M
Analyst estimates Q4 EPS missed by -29.91%
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