AI brief of an SEC Form 8-K · Kulicke and Soffa Industries (KLIC)

Kulicke & Soffa Q3 net revenue $181.7 million, down 4.9%; net income $12.3 million

Mixed Impact 3 of 5 earnings Written later

Kulicke & Soffa reported fiscal third-quarter 2024 net revenue of $181.7 million, down 4.9% from a year earlier, and GAAP net income of $12.3 million, or $0.22 per diluted share, compared with $4.2 million a year earlier. For the nine months, the company posted a GAAP net loss of $81.1 million, which includes $44.5 million in impairment charges, and it guided fourth-quarter net revenue to about $180 million, plus or minus $10 million.

Key points

  • Q3 net revenue $181.7 million, down 4.9% from $190.9 million in fiscal Q3 2023 and up 5.6% from fiscal Q2 2024
  • GAAP net income $12.3 million, or $0.22 per diluted share, versus $4.2 million, or $0.07, a year earlier; non-GAAP net income $19.3 million, or $0.35 per share, down 39.4%
  • Nine-month GAAP net loss of $81.1 million, including $44.5 million in impairment charges
  • Q4 fiscal 2024 outlook: net revenue about $180 million plus or minus $10 million; GAAP diluted EPS about $0.22 plus or minus 10%; the company repurchased 0.9 million shares for $44.0 million in the quarter

The filing

CompanyKulicke and Soffa Industries (KLIC)
Form8-K, current report
Filed with the SECAug 7, 2024, 4:06 PM ET
Accession number0000056978-24-000098

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 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 August 07, 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.