Lattice Semiconductor Reports FY24 Financials

TL;DR

LSCC 2024 10-K: Assets ~$126M, Liabs ~$126M, Debt $10M. Filing Feb 14, 2025.

AI Summary

Lattice Semiconductor Corp. reported its fiscal year 2024 results, ending December 28, 2024. The company's total assets were $125,901,000 and total liabilities were $125,856,000. They also reported $10,000,000 in long-term debt. The filing was made on February 14, 2025, and includes information on their financial position and business operations.

Why It Matters

This 10-K filing provides a comprehensive overview of Lattice Semiconductor's financial health and operational performance for the fiscal year 2024, crucial for investors and stakeholders to assess the company's stability and future prospects.

Risk Assessment

Risk Level: medium — The company has a very thin margin between total assets and total liabilities, indicating a high degree of financial leverage and potential risk.

Key Numbers

• $125.9B — Total Assets (Represents the company's total resources as of December 28, 2024.)
• $125.8B — Total Liabilities (Represents the company's total obligations as of December 28, 2024.)
• $10.0B — Long-term Debt (Indicates the company's long-term financial obligations.)

Key Players & Entities

• LATTICE SEMICONDUCTOR CORP (company) — Filer
• Tonya Stevens (person) — Chief Accounting Officer
• 5032688000 (dollar_amount) — Business Phone
• $125,901,000 (dollar_amount) — Total Assets (FY 2024)
• $125,856,000 (dollar_amount) — Total Liabilities (FY 2024)
• $10,000,000 (dollar_amount) — Long-term debt

FAQ

Filing Documents

• lscc20241228_10k.htm (10-K) — 2030KB
• ex_743271.htm (EX-10.14) — 26KB
• ex_776274.htm (EX-19.1) — 117KB
• ex_743272.htm (EX-21.1) — 22KB
• ex_743273.htm (EX-23.1) — 2KB
• ex_743274.htm (EX-31.1) — 12KB
• ex_743275.htm (EX-31.2) — 11KB
• ex_743276.htm (EX-32.1) — 5KB
• ex_743277.htm (EX-32.2) — 5KB
• latticelogocolorpmsa51.jpg (GRAPHIC) — 21KB
• totalreturngraph2024c.jpg (GRAPHIC) — 145KB
• 0001437749-25-003987.txt ( ) — 10112KB
• lscc-20241228.xsd (EX-101.SCH) — 81KB
• lscc-20241228_cal.xml (EX-101.CAL) — 68KB
• lscc-20241228_def.xml (EX-101.DEF) — 505KB
• lscc-20241228_lab.xml (EX-101.LAB) — 488KB
• lscc-20241228_pre.xml (EX-101.PRE) — 566KB
• lscc20241228_10k_htm.xml (XML) — 1605KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 24 Item 1C. Cybersecurity 24 Item 2.

Properties

Properties 24 Item 3.

Legal Proceedings

Legal Proceedings 24 Item 4. Mine Safety Disclosures 24 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 25 Item 6. Reserved 26 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 37 Item 9. Changes in and Disagreements with Accountants On Accounting and Financial Disclosure 64 Item 9A.

Controls and Procedures

Controls and Procedures 64 Item 9B. Other Information 65 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 65 PART III Item 10. Directors, Executive Officers and Corporate Governance 65 Item 11.

Executive Compensation

Executive Compensation 66 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 66 Item 13. Certain Relationships and Related Transactions, and Director Independence 66 Item 14. Principal Accountant Fees and Services 66 PART IV Item 15. Exhibits 67

Signatures

Signatures 70 1 Table of Contents Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These involve estimates, assumptions, risks, and uncertainties. Any statements about our expectations, beliefs, plans, objectives, assumptions, or future events or performance are not historical facts and may be forward-looking. We use words or phrases such as "anticipate," "believe," "could," "estimate," "expect," "intend," "plan," "possible," "predict," "projects," "may," "will," "should," "continue," "ongoing," "future," "potential," and similar words or phrases to identify forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our target or expected financial performance and our ability to achieve those results; future impacts of the ongoing military conflicts between Ukraine and Russia, and in the Middle East, and the outbreak of new, or expansion of current, military conflicts or terrorism; the impact of any continuing trade or travel restrictions or increasing tariffs on the export and import of products between the U.S. and China; the impact of increasing trade restrictions or tariffs on the export and import of products between the U.S. and other countries; the impact of any deterioration in relations between Taiwan and China, and other factors affecting military, political, or economic conditions in Taiwan or elsewhere in Asia; the impact of tariffs, trade sanctions, license requirements or similar actions on our suppliers and customers; the impact of inflationary pressures; the effects of climate change and disruptive natural disasters on us, our suppliers, and our consumers, including as a result of actions by governments, businesses, and consumers in response; our business strategy; our opportunities to increa

Business

Item 1. Business Overview Lattice Semiconductor Corporation and its subsidiaries ("Lattice," the "Company," "we," "us," or "our") develop technologies that we monetize through differentiated programmable logic semiconductor products, system solutions, design services, and licenses. Lattice is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the Communications, Computing, Industrial, Automotive, and Consumer markets. Our technology, long-standing relationships, and commitment to world-class support enable our customers to create a smart, secure, and connected world. Our field programmable gate array ("FPGA") devices enable us to provide our customers with a strong, growing base of control, connect, and compute technologies. We believe there are multiple growth areas that will allow us to increase our addressable market. In particular, we believe there are several emerging trends in servers, infrastructure, and smart devices that are opportunities for Lattice: With the growth of hyperscale data-centers, our "processor agnostic" solutions are ideal for dataplane, control, and connect functions in enterprise and data-center server applications. With the expected continued Communications infrastructure build-out from 5G deployment and beyond, as well as continued data-center network expansion, Lattice solutions are being adopted to control and connect a variety of functions in critical systems. With the increase in electrification and the proliferation of sensors in smart factories, smart homes, and automobiles, our low power, small form factor solutions are ideal for everything from battery powered systems and sensor applications to embedded vision. With the increase in artificial intelligence ("AI") and a multitude of applications at the network edge, Lattice devices support applications like face detection, image recognition, and video analytics. With the demand for more hardware security in the

View Full Filing

View this 10-K filing on SEC EDGAR