🔹 Revenue: $13.5M (Est. $15.03M) 🔴; DOWN -37% YoY
🔹 Diluted EPS (Non-GAAP): $0.02 (Est. 0.04) 🔴
🔹 Bookings: $9.2M
🔹 Backlog: $12.4M; Effective Backlog: $26.6M
🔹 Cash and Equivalents: $35.2M (Prev. $40.8M)
Fiscal 2025 Guidance:
🔹 Total Revenue: At least $70M (Est. $71M) 😑
🔹 Non-GAAP Net Profit Before Taxes: At least 10% of revenue
Business Updates:
🔸 Secured first AI processor customer for wafer-level burn-in using FOX-XP systems
🔸 Initial volume orders for Sonoma systems from AI data center hyperscaler
🔸 First production order for GaN semiconductor burn-in using FOX-XP platform
🔸 Expanding silicon carbide market engagement, despite geopolitical risks in China
CEO Commentary:
🔸 "Expansion into AI processors and GaN markets significantly broadens our opportunities. We're focused on achieving our FY2025 revenue guidance and diversifying our market presence to capitalize on long-term growth trends."
