2013-08-14

Cree Releases Financial Results for Q4 and Fiscal Year 2013

On Aug. 13, Cree, Inc., a market leader in LED lighting, announced revenue of $375.0 million for its fourth quarter of fiscal 2013, ended June 30, 2013. This represents a 22% increase compared to revenue of $306.8 million reported for the fourth quarter of fiscal 2012, and a 7% increase compared to the third quarter of fiscal 2013. GAAP net income for the fourth quarter was $28.2 million, or $0.23 per diluted share, an increase of 182% year-over-year compared to GAAP net income of $10.0 million, or $0.09 per diluted share, for the fourth quarter of fiscal 2012. On a non-GAAP ba...
Continue reading
The emergence of AI powered smart glasses as the next platform for personal computing has been driven by separate but complementary innovations. First, tech product manufacturers have teamed up with manufacturers of spectacles and sunglasses t... READ MORE
ams OSRAM is launching two new variants of the SIRIUS HRI® series for entertainment lighting. The compact Galaxy 250 and 20D short-arc HID lamps combine exceptional brightness, longer service life, and outstanding performance. Precise 2&de... READ MORE