FINANCIAL HIGHLIGHTS
Third Quarter 2016 Financial Highlights
Quarterly Revenues ($M)
* Mid range guidance
TowerJazz’s Leadership Team Ringing the Nasdaq Stock Market Opening Bell – November 16, 2016
Strong and continuous revenue growth
- Record revenues of $326 million (34% YoY growth)
- Strong Q4 2016 mid range revenue guidance of $340 million (34% YoY growth)
Substantial net profit and margins increase
- Net profit of $51 million, as compared to $14 million YoY
- Record EBITDA of $97 million (54% YoY increase)
Strong Balance Sheet and Financial Ratios
- Reduced net debt to $16 million
- Increased cash and short-term deposits to $363 million
- Record shareholders equity of $636 million, as compared to $386 million as of Dec’31, 2015