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Wolfspeed, Inc. reported earnings results for the first quarter ended September 24, 2023. For the first quarter, the company reported sales was USD 197.4 million compared to USD 189.4 million a year ago. Net loss was USD 402.7 million compared to USD 26.2 million a year ago. Basic loss per share from continuing operations was USD 0.99 compared to USD 0.11 a year ago. Basic loss per share was USD 3.22 compared to USD 0.21 a year ago.
Period Ending: | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 |
---|---|---|---|---|
Total Revenue | 197.4 | 235.8 | 228.7 | 216.1 |
Gross Profit | 24.7 | 64.6 | 68.1 | 66.9 |
Operating Income | -86.4 | -59.2 | -51.1 | -48.6 |
Net Income | -402.7 | -113.3 | -99.5 | -90.9 |
Period Ending: | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 |
---|---|---|---|---|
Total Assets | 7312.8 | 6586.7 | 5454.7 | 5342.9 |
Total Liabilities | 6074.1 | 4964.8 | 3747.9 | 3562.7 |
Total Equity | 1238.7 | 1621.9 | 1706.8 | 1780.2 |
Period Ending: | Sep 24, 2023 | Jun 25, 2023 | Mar 26, 2023 | Dec 25, 2022 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -147.4 | -51.9 | -11 | -67 |
Cash From Investing Activities | -785.9 | -146.3 | -278.7 | -824.8 |
Cash From Financing Activities | 938.4 | 1160.1 | -0.3 | 1454.9 |
Net Change in Cash | 5 | 961.9 | -290 | 563.5 |
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