10-Q quarterly report · filed Oct 22, 2014

Wolfspeed Inc (WOLF) Q3 2014 10-Q Quarterly Report

Short answer

Wolfspeed Inc (WOLF) filed its Q3 2014 10-Q quarterly report on Oct 22, 2014 for the quarter ended Sep 28, 2014.

Wolfspeed Inc Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $427.7M, up 9% YoY from $391.0M, driven by Lighting Products
  • Consolidated gross margin 31.8% vs 38.6% YoY; operating income $11.5M vs $36.8M
  • Best segment Lighting Products revenue $223.1M, up 51%; worst LED Products revenue $173.6M, down 20%
  • Cash and investments $1.1B vs $1.2B; operating cash flow $13.3M vs $69.2M
  • Capital expenditures $63M vs $34M; fiscal 2015 capital investment target approximately $200M

Risk Factors

  • No material changes identified, risk factors supersede June 29, 2014 10-K disclosures
  • Regulatory compliance: conflict-minerals due diligence began in 2013, with initial SEC disclosures filed June 2014
  • Operational risk: factory expansions may face construction overruns, poor yields, and reduced quality during start-up
  • Competitive risk: OLEDs or improved technologies could reduce LED demand for backlighting
  • Financial risk: two customers represented greater than 10% of fiscal 2014 consolidated revenue

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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