Alpha & Omega Semiconductor Q1'25 Update

TL;DR

AOSL Q1'25: Balance sheet and equity changes filed. Check financials.

AI Summary

Alpha & Omega Semiconductor Ltd. reported its Q1 2025 results for the period ending September 30, 2024. The company's filing details its financial performance and position, including balance sheet items and changes in equity for the first quarter of fiscal year 2025.

Why It Matters

This filing provides investors with the latest financial snapshot of Alpha & Omega Semiconductor, crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.

Key Numbers

• Q1'25 — Fiscal Quarter (Reporting period for the 10-Q filing.)
• 2024-09-30 — Report Date (End date of the reporting period.)
• 2024-06-30 — Previous Balance Sheet Date (Comparison point for financial position.)

Key Players & Entities

• ALPHA & OMEGA SEMICONDUCTOR Ltd (company) — Filer
• 20240930 (date) — Period of Report
• 20241105 (date) — Filed as of Date
• 408-830-9742 (phone_number) — Business Phone

FAQ

Filing Documents

• aosl-20240930.htm (10-Q) — 1206KB
• ex311-aosl09302024q1202510q.htm (EX-31.1) — 9KB
• ex312-aosl09302024q1202510q.htm (EX-31.2) — 9KB
• ex321-aosl09302024q1202510q.htm (EX-32.1) — 5KB
• ex322-aosl09302024q1202510q.htm (EX-32.2) — 6KB
• 0001387467-24-000094.txt ( ) — 8217KB
• aosl-20240930.xsd (EX-101.SCH) — 64KB
• aosl-20240930_cal.xml (EX-101.CAL) — 105KB
• aosl-20240930_def.xml (EX-101.DEF) — 339KB
• aosl-20240930_lab.xml (EX-101.LAB) — 822KB
• aosl-20240930_pre.xml (EX-101.PRE) — 623KB
• aosl-20240930_htm.xml (XML) — 1074KB

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements: 1 Condensed Consolidated Balance Sheets as of September 3 0 , 2024 and June 30, 202 4 (Unaudited) 1 Condensed Consolidated Statements of Income (Loss) for the Three Months Ended September 30 , 2024 and 2023 (Unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three Months Ended September 30 , 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Changes in Shareholders' Equity for the Three Months Ended September 3 0 , 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Three Months Ended September 3 0 , 2024 and 2023 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements (Unaudited) 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 31

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 43

Controls and Procedures

Item 4. Controls and Procedures 43

OTHER INFORMATION

Part II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 44

Risk Factors

Item 1A. Risk Factors 44

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 45

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 46

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 46

Other Information

Item 5. Other Information 46

Exhibits

Item 6. Exhibits 47

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

ITEM 1. Financial Statements ALPHA AND OMEGA SEMICONDUCTOR LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands except par value per share) September 30, 2024 June 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 176,008 $ 175,127 Restricted cash 214 413 Accounts receivable, net 24,591 12,546 Inventories 184,968 195,750 Contract assets 3,050 — Other current assets 13,906 14,165 Total current assets 402,737 398,001 Property, plant and equipment, net 327,612 336,619 Operating lease right-of-use assets 24,758 25,050 Intangible assets, net 2,704 3,516 Equity method investment 354,348 356,039 Deferred income tax assets 554 549 Other long-term assets 24,912 25,239 Total assets $ 1,137,625 $ 1,145,013 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 41,848 $ 45,084 Accrued liabilities 71,437 72,371 Payable related to equity investee, net 17,194 13,682 Income taxes payable 3,370 2,798 Short-term debt 11,688 11,635 Deferred revenue — 2,591 Finance lease liabilities 952 935 Operating lease liabilities 5,248 5,137 Total current liabilities 151,737 154,233 Long-term debt 23,782 26,724 Income taxes payable - long-term 3,661 3,591 Deferred income tax liabilities 26,200 26,416 Finance lease liabilities - long-term 2,037 2,282 Operating lease liabilities - long-term 20,275 20,499 Other long-term liabilities 14,661 19,661 Total liabilities 242,353 253,406 Commitments and contingencies (Note 12) Shareholders' Equity: Preferred shares, par value $ 0.002 per share: Authorized: 10,000 shares; issued and outstanding: none at September 30, 2024 and June 30, 2024 — — Common shares, par value $ 0.002 per share: Authorized: 100,000 shares; issued and outstanding: 36,162 shares and 29,024 shares, respectively at September 30, 2024 and 36,107 shares and 28,969 shares, respectively at June 30, 2024 72 72 Treasury shares at cost: 7,138 shares at September 30, 2024 and 7,138 shares at Ju

View Full Filing

View this 10-Q filing on SEC EDGAR