![]() Zacks Rank & Stocks to ConsiderĬurrently, Semtech carries a Zacks Rank #4 (Hold). The non-GAAP loss per share is expected in the band of 11-4 cents. Also, management projects SG&A expenses of $47-$49 million and research and development costs of $50-$52 million. ![]() The non-GAAP gross margin is expected to be 47.5-49.5%. Guidanceįor first-quarter fiscal 2024, management expects net sales of $230-$240 million. Free cash flow in the fiscal fourth quarter was an outflow of $24.5 million. In the reported fiscal quarter, the company used $18.8 million in cash in operations compared with $18.2 million in cash it generated from operations in the fiscal third quarter. Long-term debt was $1.3 billion, significantly higher than $455.1 million in the previous fiscal quarter. Story continues Balance Sheet and Cash FlowĪs of Jan 29, 2022, cash and cash equivalents were $235.5 million, down from $617.8 million as of Oct 30, 2022.Īccount receivables for the reported fiscal quarter were $161.7 million, up from $80.5 million in third-quarter fiscal 2023. The non-GAAP operating margin of 22.5% contracted 600 bps from the same quarter’s figure in the last fiscal year. Adjusted product development and engineering expenses increased 9.7% from the year-ago quarter to $37.9 million. Non-GAAP gross margin of 62.3% expanded 220 basis points (bps) from the last fiscal year’s quarterly figure.Īdjusted selling, general and administrative expenses for the fiscal fourth quarter decreased 15.6% to $28.8 million from the last fiscal year’s quarterly number. ![]() The high-end consumer market consists of mobile devices and other consumer systems, which accounted for 9% and 14% of market revenues, respectively. Net revenues from the high-end consumer market, which accounted for 23% of total revenues, declined 26% year over year. Net revenues from the industrial market, constituting 40% of total net revenues, decreased 18% from the prior-year period’s level. Net revenues from the infrastructure market represented 37% of its total revenues and exhibited a decline of 18% year over year. Semtech Corporation price-consensus-eps-surprise-chart | Semtech Corporation Quote Revenues by End Market Semtech Corporation Price, Consensus and EPS Surprise Notably, Sierra Wireless generated $15 million in sales post-acquisition in the fiscal fourth quarter, without which net sales would stand at $152.5 million.įor the fiscal fourth quarter, shipments to Asia, North America and Europe represented 68%, 13% and 19% of net sales, respectively. Nevertheless, positive contributions from the Sierra acquisition remained a tailwind. Weak demand environments across the end markets were a major concern. Macroeconomic headwinds, including export restrictions, inflationary pressure and supply-chain constraints, were overhangs for the company during the reported quarter. The same decreased by 12.1% from the prior-year quarter’s level. Net sales of $167.5 million outpaced the Zacks Consensus Estimate of $150 million. The reported earnings decreased by 32.9% year over year. You might have no legacy and your ka might have been chased away.Semtech Corporation’s SMTC fourth-quarter fiscal 2023 non-GAAP earnings of 47 cents per share missed the Zacks Consensus Estimate by 2.1%. Said by the man of the elite, foremost of armĪnd something harmful to whoever transgresses it. Beginning of the collection of fine words The advice of the ancestors once heard by the gods. Let him be told the speech of those who assess, Let a staff of old age be decreed to be made for this humble servant. What old age does to people is evil in every way. Heart emptied, unable to recall yesterday. WELCOME to the rest of your life, Longacre! Growing old is not for sissies.īest wishes for Many More Happy and Healthy Birthdays!!!įeebleness has arrived, weakness is here again. Oh, and did I remember to add something about memory loss? I can't remember. Ah the JOYS you have to look forward to now. You will be able to tweak the muscles in your back by something as simple as a hard cough done at the wrong angle. Your hair on your head, if it hasn't already, will start to recede, while the hair in your nose and in your ears will grow at an exponentially greater rate. Your children will increasingly look at you like you are a complete idiot or something they found befouling the bottom of their shoes (although once they go off to college this does change and amazingly you will become more intelligent in their eyes). You will be waking up more often in the night to pee. The morning look at the person in the mirror will be increasingly distasteful. ![]() Given that you're looking for sympathy by writing about "Old Man" on these boards, where you know that a healthy percentage of us are "Old Farts", I feel it is my Constitutional Duty to not tell you that you are a young whippersnapper or any more of that "I wish I was as young as you" stuff. ![]()
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