The company said net revenue for the fiscal 2024 fourth quarter, Q4 (ended June 29, 2024), was $308.3 million, a (15.9)% change from the prior quarter ($366.5 million) and a (16.9)% change from the same period a year earlier ($370.8 million).

1. 01

   The company said net revenue for the fiscal 2024 fourth quarter, Q4 (ended June 29, 2024), was $308.3 million, a (15.9)% change from the prior quarter ($366.5 million) and a (16.9)% change from the same period a year earlier ($370.8 million).

2. 02

   The company reported net revenue of $1,359.2 million for fiscal 2024, compared with $1,767.0 million a year earlier, a GAAP net loss of $546.5 million ($8.12 per share), and non-GAAP net income of $68.7 million ($1.01 per share).

3. 03

   The company said its GAAP net loss for Q4 was $252.5 million, reflecting an income tax provision of $125.0 million and restructuring and related charges of $36.6 million. It said its non-GAAP adjustments include a $139.8 million income tax provision from recognizing a valuation allowance against U.S. federal and state deferred tax assets.

4. 04

   The company expects net revenue of $315 million to $335 million, a non-GAAP operating margin of 0% to 3.0%, and non-GAAP diluted earnings per share of $0.07 to $0.17 for Q1 of fiscal 2025, the company said.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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