Cohu posts Q4 2023 net loss of $2.0 million on $137.2 million revenue
Cohu reported fourth-quarter 2023 net sales of $137.2 million, down from $191.1 million a year earlier, and a GAAP net loss of $2.0 million, or $0.04 per share, compared with net income of $21.6 million a year earlier. The company also guided first-quarter 2024 sales to $107 million plus or minus $6 million and paid $29.4 million to fully repay and terminate its Term Loan credit agreement, which had been due October 1, 2025.
Key points
- Q4 2023 GAAP net loss of $2.0 million, or $0.04 per share, versus net income of $21.6 million, or $0.45 per diluted share, in Q4 2022
- Full-year 2023 net sales of $636.3 million, down from $812.8 million in 2022; GAAP net income of $28.2 million, or $0.59 per share, versus $96.8 million, or $1.98 per share
- Q1 2024 sales guidance of $107 million plus or minus $6 million
- Paid $29.4 million to Deutsche Bank on February 9, 2024 to terminate the Credit Agreement, with no early termination penalty
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 15, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.