Short answer
Wolfspeed Inc (WOLF) filed its Q1 2017 10-Q quarterly report on Apr 26, 2017 for the quarter ended Mar 26, 2017.
Wolfspeed Inc Q1 2017 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $341.5M, down 7% YoY from $366.9M
- Gross margin 25.2% vs 29.7% YoY, operating margin negative 5.8% vs negative 1.2%
- Best segment Wolfspeed: revenue $56.1M, up 29%; worst Lighting Products: $154.0M, down 18%
- Operating cash flow $163.2M for nine months, up from $138.8M; capital expenditures $57M, down from $100M
- Wolfspeed investment focus after Infineon transaction termination, with fiscal 2017 capital investment target of approximately $95M; competitive pricing and seasonal lighting weakness headwinds
Risk Factors
- New tax risk, Q3 fiscal 2017 full valuation allowance against U.S. deferred tax assets after cumulative losses and Wolfspeed sale termination
- Product-quality risk, third-party lighting drivers failed specifications, increasing warranty reserves in Q2 and Q3 fiscal 2017
- Market risk, lower Q3 fiscal 2017 lighting demand raised Racine factory unit costs and reduced Lighting Products margins
- Regulatory risk, conflict-minerals disclosures may increase sourcing and SEC due-diligence costs
- Financial risk, revolving-credit covenants restrict additional debt, asset disposals, acquisitions, and mergers
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Wolfspeed Inc quarterly reports
- Q3 2019 10-QFiled Oct 31, 2019
- Q1 2019 10-QFiled May 3, 2019
- Q4 2018 10-QFiled Jan 31, 2019
- Q3 2018 10-QFiled Oct 17, 2018
- Q1 2018 10-QFiled Apr 25, 2018
- Q4 2017 10-QFiled Jan 24, 2018
- Q3 2017 10-QFiled Oct 18, 2017
- Q4 2016 10-QFiled Jan 25, 2017
- Q3 2016 10-QFiled Oct 19, 2016
- Q1 2016 10-QFiled Apr 27, 2016
- Q4 2015 10-QFiled Jan 20, 2016
- Q3 2015 10-QFiled Oct 21, 2015
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