Cohu Inc ( (COHU) ) has released its Q4 earnings. Here is a breakdown of the information Cohu Inc presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Cohu Inc., a global technology leader, provides test, automation, inspection, and metrology products and services to the semiconductor industry, enhancing manufacturing yield and productivity.
In its latest earnings report, Cohu Inc. disclosed a full-year revenue of $401.8 million for 2024, with a gross margin of 44.9%. The company also reported a net loss of $69.8 million for the year and announced the acquisition of Tignis, Inc., an AI process control and analytics software provider.
Key financial metrics showed a fourth-quarter revenue of $94.1 million, with a gross margin of 41.9%, affected by an inventory reserve charge. The company emphasized the potential for growth in software revenue by integrating Tignis, projecting an annual growth rate of 50% over the next three years.
Despite recording losses, Cohu maintains a strong cash position with $262.1 million in total cash and investments by the end of 2024. The company’s strategic focus on expanding its analytics offerings and investments in AI technology aims to optimize yield and productivity in the semiconductor industry.
Looking forward, Cohu anticipates its first-quarter 2025 sales to range between $97 million, plus or minus $7 million, reflecting cautious optimism about future performance in a challenging market environment.
