Kulicke & Soffa posts Q2 net loss of $102.7 million on $105.5 million Project W charges
Kulicke & Soffa reported fiscal second-quarter 2024 net revenue of $172.1 million, down 0.5% from a year earlier, and a net loss of $102.7 million, or $(1.83) per diluted share, compared with net income of $15.0 million a year earlier. The loss reflects pre-tax charges tied to the cancellation of Project W, and the company expects third-quarter net revenue of about $180 million with GAAP diluted EPS of about $0.17.
Key points
- Net revenue of $172.1 million, down 0.5% from $173.0 million in the same quarter last year.
- Net loss of $102.7 million, or $(1.83) per diluted share; non-GAAP net loss was $53.2 million, or $(0.95) per share.
- Pre-tax charges related to Project W totaled $105.5 million, including a $44.5 million impairment charge.
- Third-quarter fiscal 2024 outlook: net revenue of about $180 million +/- $10 million and GAAP diluted EPS of about $0.17 +/- 10%.
The filing
Written by AI on Nov 8, 2026, 1:39 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 May 01, 2024.
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