The Chandler, Arizona-based company said it had profit of 5 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 11 cents per share. The results beat Wall Street expectations.
Net revenue of $254.5 million, down $30.0 million or 10.5% year-over-year
GAAP operating margin of 8.8%, up 80 bps year-over-year
Non-GAAP operating margin of 13.2%, down 300 bps year-over-year
GAAP diluted Earnings per share (EPS) of $0.05, up $0.01 or 25.0% year-over-year
Non-GAAP diluted EPS of $0.11, down $0.03 or 21.4% year-over-year
Business Outlook for the Third Quarter of Fiscal 2024
For the third quarter of fiscal 2024 ending March 30, 2024, the Company expects net revenue to be between $245 million to $253 million and non-GAAP EPS to be between $0.05 to $0.09.
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