FINANCIAL HIGHLIGHTS

2017 Q3 and YTD Financial Results Highlights

Continuous revenue growth achieving record revenues:

  • Q3’17 revenues of $355 million, 9% YoY growth; Q4 mid-range guidance of $358 million
  • YTD revenues of $1.03 billion, 13% year over year growth
  • YTD organic growth YoY (excluding Panasonic and Maxim long-term committed contracts) of 27%.
  • Q3’17 annual net profit run-rate  of $220 million with 55% incremental net profit margin increase as compared to the second quarter of 2017.
  • Strong Balance Sheet and Financial Ratios
    • Record Cash From Operations of $104 million in Q3’17; Free Cash Flow of $62 million (including $18 million cash with respect to Nanjing, China manufacturing facility project)
    • Record shareholders equity of $874 million (as of September 30, 2017), as compared to $683 million (as of December 31, 2016).