Cohu, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 29, 2012
January 31, 2013 at 02:35 am IST
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Cohu, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 29, 2012. For the quarter, the company reported net sales of $50,714,000 against $66,559,000 for the same period last year. Loss from operations was $5,705,000 against income from operations of $1,205,000 for the same period last year. Loss before income taxes was $5,658,000 against income before income taxes of $1,307,000 for the same period last year. Net loss was $5,161,000 or $0.21 per diluted share against net income of $719,000 or $0.03 per diluted share for the same period last year. Loss from operations on a non-GAAP basis was $1,933,000 against income from operations of $3,620,000 for the same period last year. Net loss on a non-GAAP basis was $1,691,000 or $0.07 per diluted share against net income of $2,831,000 or $0.12 per diluted share for the same period last year.
For the year, the company reported net sales of $221,162,000 against $308,968,000 for the same period last year. Loss from operations was $14,084,000 against income from operations of $17,336,000 for the same period last year. Loss before income taxes was $13,117,000 against income before income taxes of $17,778,000 for the same period last year. Net loss was $12,243,000 or $0.50 per diluted share against net income of $15,719,000 or $0.64 per diluted share for the same period last year. Loss from operations on a non-GAAP basis was $3,136,000 against income from operations of $26,268,000 for the same period last year. Net loss on a non-GAAP basis was $3,149,000 or $0.13 per diluted share against net income of $23,430,000 or $0.96 per diluted share for the same period last year.
Cohu, Inc. is engaged in supplying test, interface, automation, inspection and metrology products, software and services to the semiconductor industry. The Company sells its products, such as semiconductor automated test equipment (ATE), semiconductor handlers, interface products, inspection and metrology, DI-Core data analytics, spares and kits and services. Its semiconductor ATE is used both for wafer level and device package testing. Its solutions consist primarily of two platforms for the system on a chip (SoC) device market: Diamondx tester and PAx tester. Interface Products are comprised of test contactors, probe heads and probe pins. Inspection and Metrology are products that provide advanced vision capabilities. DI-Core data analytics is a comprehensive software suite used to optimize Cohu equipment performance. Spares and Kits are consumable, non-consumable and spare items. It provides various parts and labor warranties on its test and handling systems and instruments.
COHU, INC. 
