KULICKE & SOFFA INDUSTRIES INC SEC 10-Q Report

Kulicke & Soffa Industries Inc., a leading provider of semiconductor assembly equipment, has released its Form 10-Q report for the second quarter of fiscal year 2025. The report highlights the company's financial performance and operational activities, providing insights into its revenue streams, geographical performance, and strategic initiatives.

Financial Highlights

• Net Revenue: $161.986 million, reflecting a decrease from $172.074 million in the same period last year, indicating a decline in sales performance.
• Gross Profit: $40.384 million, showing an improvement from $16.471 million in the previous year, suggesting better cost management or pricing strategies.
• (Loss)/Income from Operations: $(84.667) million, compared to $(105.155) million last year, indicating a reduction in operating losses.
• Net Loss: $(84.519) million, compared to $(102.680) million in the previous year, showing a narrowing of net losses.
• Net Loss Per Share - Basic: $(1.59), compared to $(1.83) in the previous year, reflecting a decrease in loss per share.

Business Highlights

• Revenue Segments: The company operates through four main segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). Each segment contributes differently to the company's revenue, with Ball Bonding Equipment and APS being significant contributors.
• Geographical Performance: A substantial portion of the company's revenue, approximately 86.3% for the three months ended March 29, 2025, was generated from shipments to customer locations outside of the U.S., primarily in the Asia/Pacific region. Notably, around 45.8% of the revenue for the same period was from customers headquartered in China.
• Future Outlook: The company is focused on the intended cessation of its Electronics Assembly (EA) equipment business to prioritize core semiconductor assembly business opportunities. This strategic shift is expected to enhance overall financial performance through-cycle. The company also anticipates continued volatility in the semiconductor industry and is preparing to navigate potential macroeconomic challenges.

SEC Filing: KULICKE & SOFFA INDUSTRIES INC [ KLIC ] - 10-Q - May. 07, 2025