Cree Reports Financial Results for FY3Q20

Cree posted the financial results of the third quarter of its fiscal 2020, ended March 29, 2020. The company registered a revenue of US$215.5 million, representing an on-year decrease of 21% and a 10% decrease compared to the second quarter of fiscal 2020.

GAAP net loss from continuing operations attributable to controlling interest for the third quarter was US$61.6 million, or US$0.57 per diluted share. On a non-GAAP basis, net loss from continuing operations attributable to controlling interest for the third quarter of fiscal 2020 was US$15.5 million, or US$0.14 per diluted share.

Despite the uncertainty resulted from the coronavirus epidemic, Cree still announced its financial guidance for its fourth quarter of fiscal 2020. The company targets revenue in a range of US$185 million to US$215 million.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan – 25 January 2023: Nichia, the world’s largest LED manufacturer and inventor of high-brightness blue and white LEDs, is pleased to announce the additions of the NVSW719AC and NVSW219C-V2 to its industry standard ce... READ MORE

Pro9™ LEDs set the new standard for high fidelity (90 & 95 CRI min) LEDs   15% higher efficacy for 90 & 95 CRI LEDs 90 CRI light quality at 80 CRI LPW 95 CRI light quality at 90 CRI LPW Upgrade light quality without sacrific... READ MORE