Cohu, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 30, 2023
February 15, 2024 at 04:05 pm EST
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Cohu, Inc. reported earnings results for the fourth quarter and full year ended December 30, 2023. For the fourth quarter, the company reported sales was USD 137.23 million compared to USD 191.11 million a year ago. Net loss was USD 2.03 million compared to net income of USD 21.63 million a year ago. Basic loss per share from continuing operations was USD 0.04 compared to basic earnings per share from continuing operations of USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 0.04 compared to diluted earnings per share from continuing operations of USD 0.45 a year ago.
For the full year, sales was USD 636.32 million compared to USD 812.78 million a year ago. Net income was USD 28.16 million compared to USD 96.85 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 0.59 compared to USD 1.98 a year ago.
Cohu, Inc. is engaged in supplying test, interface, automation, inspection and metrology products, software and services to the semiconductor industry. The Company sells its products, such as semiconductor automated test equipment (ATE), semiconductor handlers, interface products, inspection and metrology, DI-Core data analytics, spares and kits and services. Its semiconductor ATE is used both for wafer level and device package testing. Its solutions consist primarily of two platforms for the system on a chip (SoC) device market: Diamondx tester and PAx tester. Interface Products are comprised of test contactors, probe heads and probe pins. Inspection and Metrology are products that provide advanced vision capabilities. DI-Core data analytics is a comprehensive software suite used to optimize Cohu equipment performance. Spares and Kits are consumable, non-consumable and spare items. It provides various parts and labor warranties on its test and handling systems and instruments.