FINANCIAL HIGHLIGHTS
Q4 and Fiscal Year 2015 Financial Results
2015 was a record year from a financial standpoint for TowerJazz, with the Company breaking records in almost every parameter. With constant growth throughout the year, and while continuously strengthening the company’s margins and balance sheet, TowerJazz was able to create a strong foundation for the company to pursue its goals for the future.
Record Revenues
- Record revenues for the full year of $961 million (16% YoY growth)
- Q4 record revenues of $255 million (8% YoY growth)
Represents $1 billion annual run rate - Q1 2016 mid range guidance of $276 million (22% YoY growth)
Strong Balance Sheet and Financial Ratios
- Reduced net debt to $105 million (vs. $318 million as of December 31, 2014)
- Increased cash and short-term deposits to $206 million
- Reduced net debt/ EBITDA ratio from > 3.5X in Q1’14 to
- current <0.4X
Current ratio of 2.1X as of Dec’ 31, 2015 Vs. 1.3X as of Dec’ 2014
Quarterly Revenues ($M)
* Based on the company’s mid range guidance