Expecting Sales of Approximately
Sales increasing to approximately
$93 millionfrom prior guidance of approximately $89 million.
- Non-GAAP gross margin expanding from prior guidance to a range of 43% to 43.5%.
Non-GAAP research and development costs expected to be approximately
$1 millionlower than prior guidance.
Foreign currency loss estimated to be approximately
$1.5 million, based on information currently available to the company. Cohucontinues to project approximately 10% growth in the first half of 2018 compared to the same period last year.
Luis Müller, President and Chief Executive Officer of
The Eclipse XTA handler delivers scalable performance for testing a wide range of semiconductors, from analog ICs to high performance mobile processors, in a fully automated semiconductor test operation. This handler’s capabilities include interface to factory robots, new diagnostics and process monitoring systems, sophisticated communications interface as well as data acquisition to support Industry 4.0 standards.
Discussion of Non-GAAP Financial Measures:
This release includes presentation of preliminary estimates of certain
non-GAAP financial measures for the quarter ended
Certain matters discussed in this release, including statements
regarding revised first quarter 2018 financial guidance, increased sales
and gross margin; decreased operating expenses; estimated foreign
currency loss; meeting first half 2018 year-over-year growth
projections; business prospects, growth and revenue recognition with a
major Korean customer; growth projections in the contactor market; and
specific handler share gain projections are forward-looking statements
that are subject to risks and uncertainties that could cause actual
results to differ materially from those projected or forecasted. Such
risks and uncertainties include, but are not limited to, risks
associated with acquisitions; inventory, goodwill and other asset
write-downs; our ability to convert new products into production on a
timely basis and to support product development and meet customer
delivery and acceptance requirements for new products; our reliance on
third-party contract manufacturers and suppliers; failure to obtain
customer acceptance resulting in the inability to recognize revenue and
accounts receivable collection problems; revenue recognition impacts due
to ASC 606; market demand and adoption of our new products; customer
orders may be canceled or delayed; the concentration of our revenues
from a limited number of customers; intense competition in the
semiconductor equipment industry; our reliance on patents and
intellectual property; compliance with U.S. export regulations; impacts
from the Tax Cuts and Jobs Act of 2017; geopolitical issues; ERP system
implementation issues; the seasonal, volatile and unpredictable nature
of capital expenditures by semiconductor manufacturers; and rapid
technological change. These and other risks and uncertainties are
discussed more fully in
Jeffrey D. Jones, 858-848-8106