10-Q quarterly report · filed Jan 20, 2016

Wolfspeed Inc (WOLF) Q4 2015 10-Q Quarterly Report

Short answer

Wolfspeed Inc (WOLF) filed its Q4 2015 10-Q quarterly report on Jan 20, 2016 for the quarter ended Dec 27, 2015.

Wolfspeed Inc Q4 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $435.8M, up 5% YoY from $413.2M
  • Operating margin 2.2% vs 2.5% YoY, gross margin 31.0% vs 33.1%
  • Best segment Lighting revenue $255.0M, up 11%; worst Power and RF $27.5M, down 12%
  • Cash and investments $0.6B vs $0.7B at June 28; operating cash flow $123.8M vs $28.1M
  • Fiscal 2016 outlook: revenue growth and higher operating margins, with competition and LED pricing pressure as headwinds

Risk Factors

  • New product-development risk: proposed Wolfspeed IPO triggered uncertainty over valuation, proceeds, expenses and potential deconsolidation
  • Most material market update: fiscal 2015 LED restructuring reflected excess capacity, overhead and aggressive pricing pressure
  • Regulatory risk: Energy Star Lamps V2.0 replaces V1.2 on January 2, 2017, potentially reshaping LED competition
  • Operational risk: Racine information-technology platform goes live in March 2016, exposing near-term transaction and business-disruption risk
  • Financial risk: revolving-line covenant breach could accelerate debt and terminate further credit extensions

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

Other Wolfspeed Inc quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.