Lattice Semi provides outlook at investor meeting; sees Q3 and Q4 revs below consensus (5.54)
- Co is providing a preliminary business outlook based on current expectations at the Company's analyst and investor meeting
- Q3
- Co issues downside guidance for Q3 (Sep), sees Q3 (Sep) revs of ~$91-93 mln vs. $94.08 mln Capital IQ Consensus Estimate.
- Gross margin percentage is expected to be ~56% plus or minus 2% on a non-GAAP basis
- Q4
- Co issues downside guidance for Q4 (Dec), sees Q4 (Dec) revs of ~$92-97 mln vs. $98.85 mln Capital IQ Consensus Estimate.
- GMs expected to be ~56% plus or minus 2% on a non-GAAP basis
- FY18
- Co issues guidance for FY18 (Dec), sees FY18 (Dec) revs of double digit annual growth, which is above current estimates of revs growth of ~7.3%
- The Company is targeting double-digit annual revenue growth
- Gross margin percentage at the mid-50% level
- EBITDA of ~$110-120 million
- Free cash flow of ~$80-100 million
- Debt reduction of ~$50-60 million
- Co issues guidance for FY18 (Dec), sees FY18 (Dec) revs of double digit annual growth, which is above current estimates of revs growth of ~7.3%