Selected Fourth Quarter and Full Year 2021 Financial Results and Comparisons (in thousands, except per share data) We are pleased with our strong revenue growth and profit expansion, as we remain focused on executing to our financial model." For the full year, we generated 83% higher cash flow from operations than in the prior year and we repurchased $70 million of the Company's shares. Sherri Luther, CFO, said, "In Q4 2021, we achieved record operating profit of 21.0% on a GAAP basis and 32.9% on a non-GAAP basis, while driving gross margin expansion of 370 basis points on a GAAP basis and 350 basis points on a non-GAAP basis compared to Q4 2020. And we're excited about the year ahead as we continue to execute to our long-term strategy and build momentum across our customer base." We’re excited to have entered a new growth phase for the Company in 2021 driven by our leadership product portfolio, and growth in our key end market segments. Jim Anderson, president and CEO, said, "We grew annual revenue 26% in 2021 and we grew fourth quarter revenue 32% year-over-year. 15, 2022- Lattice Semiconductor Corporation (NASDAQ: LSCC), the low power programmable leader, announced financial results today for the fiscal fourth quarter and full year ended January 1, 2022. Additional information relating to these measures is included below in “Non-GAAP Financial Measures.” For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. Generally Accepted Accounting Principles. Net Income Improves to $0.20 / $0.32 Per Diluted Share for Q4 2021 on a GAAP / Non-GAAP Basis, Compared to $0.11 / $0.19, respectively, for Q4 2020.Gross Margin Expands to 64.2% / 65.1% for Q4 2021 on a GAAP / Non-GAAP Basis, from 60.5% / 61.6%, respectively, for Q4 2020.Revenue increases 26.3% for the full year 2021 compared to the full year 2020 Q4 2021 revenue increases 32.3% compared to Q4 2020 and 7.5% compared to Q3 2021.** Cambuhy Investimentos Ltda and GP Investments Ltd are among investment firms considering a bid for Brazilian sportswear and shoe maker Alpargatas SA, whose controlling shareholders are already working on a sale, two sources with knowledge of the matter said. ** A unit of Chile’s Empresas Copec SA is in talks to buy a controlling stake in Brazil pulpmaker Eldorado Brasil Celulose SA, whose controlling family ensnared in a corruption scandal put it on the block after signing a plea deal with prosecutors. ** China Vanke, the country’s No.2 homebuilder by sales, is in talks to join a Chinese consortium led by Hopu Investment Management and Hillhouse Capital Group to bid for Global Logistic Properties, three sources said. ** Collapsed state-owned Botswanan copper and nickel producer BCL Ltd will be sold off piecemeal after the company failed to find a buyer, its liquidator said on Friday. ** China-backed Canyon Bridge Capital Partners LLC disclosed it had re-filed its proposed $1.3 billion acquisition of Lattice Semiconductor Corp with the Committee on Foreign Investment in the United States (CFIUS) for the second time.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |