Alpha and Omega Semiconductor Limited (AOS), today reported financial results for the fiscal fourth quarter and the fiscal year ended June 30, 2016. The results for the fiscal year 2016 were as follows: Revenue was $335.7 million, an increase of 2.4% from $327.9 million for the prior year. GAAP gross margin was 19.6%, compared to 18.4% for the prior year. GAAP operating income was $1.5 million, compared to operating loss of $4.2 million for the prior year. GAAP net loss attributable to AOS was $2.9 million, compared to net loss attributable to AOS of $7.8 million for the prior year. GAAP diluted loss per share attributable to AOS was $0.13 compared to diluted loss per share attributable to AOS of $0.29 for the prior year.
"AOS closed the fiscal year 2016 on a positive note as we delivered both top and bottom lines above the high end of our guidance range for the June quarter," said Dr. Mike Chang, the chairman and CEO of the company. "We were able to achieve a Non-GAAP profit of 9 cents for the full fiscal year from a loss of 12 cents a year ago, which is a testament to the high operating leverage of our business model. I am pleased to see that our multi-year recovery plan is starting to materialize, which is attributable to the hard work, dedication and commitment by all of our employees. As we continue to ramp up new products and win key design activities, I remain confident that we can successfully complete our plan by delivering meaningful revenue growth and profitability."
Business outlook for fiscal first quarter ending September 30, 2016 includes: Revenue is expected to be between $93 million and $97 million. GAAP gross margin is expected to be in the range of 21.5% plus or minus 1%.
