Name: Wolfspeed Inc Q4 2017 Quarterly Financial Data
Creator: U.S. Securities and Exchange Commission
License: https://www.sec.gov/privacy#dissemination

Short answer

Wolfspeed Inc (WOLF) filed its Q4 2017 10-Q quarterly report on Jan 24, 2018 for the quarter ended Dec 24, 2017.

Wolfspeed Inc Q4 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

Revenue $367.9M, down 8% YoY from $401.3M, driven by Lighting Products decline
Gross margin 25.2% vs 35.0% YoY, operating margin (7.1)% vs 4.9%
Best segment Wolfspeed: revenue $70.6M, up 30%, gross margin 48.4% vs 47.7%
Worst segment Lighting Products: revenue $144.6M, down 31%, gross margin 15.9% vs 35.8%
Cash $650M, operating cash flow $105.8M; capital spending $85M, fiscal 2018 target approximately $220M
Outlook: Wolfspeed capacity and technology investment; headwinds from commercial lighting weakness, quality holds and global LED pricing competition

Risk Factors

Newly triggered product-quality risk: fiscal 2018 commercial lighting issues increased warranty reserves for potential future claims
Leadership-transition risk: Gregg Lowe became CEO effective September 27, 2017, creating potential business disruption during succession
Regulatory risk: Tax Legislation enacted in the second quarter of fiscal 2018 imposed a one-time tax on deemed repatriated earnings
Capacity risk: Wolfspeed demand exceeds production capacity, causing longer customer lead times and potential competitor fulfillment
Financial risk: Revolving-credit borrowings create covenant breach risk, potentially accelerating indebtedness and terminating further credit availability

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

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