The following is financial information disclosed by IXYS Corporation ("IXYS") during its conference call regarding the third fiscal quarter ended December 31, 2013. The information disclosed in IXYS' press release discussing the third fiscal quarter ended December 31, 2013 is not presented below.
Regional Revenues as a Percentage of Net RevenuesThree Months Nine Months
Dec. 31, 2013 Dec. 31, 2013
North America: 26.4% 27.9% Europe & Middle East: 25.7% 29.8% Asia Pacific and ROW: 47.9% 42.3%
CAPEX$1.9 million for the December 2013 quarter
Gross ProfitQuarter ended December 31, 2013: 28.9% Quarter ended December 31, 2012: 29.7%
Research, Development and Engineering Expenses as a Percentage of Net RevenuesQuarter ended December 31, 2013: 8.8% Quarter ended December 31, 2012: 10.6%
Selling, General and Administrative Expenses as a Percentage of Net RevenuesQuarter ended December 31, 2013: 11.2% Quarter ended December 31, 2012: 14.3%
Current Ratio
December 31, 2013: 3.7
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December 31, 2013: $99.1 million
Increase of $3.9 million from September 2013
Cash generated from operations: about $5.7 million
December 31, 2013: $39.9 million
Days Sales OutstandingDecember 31, 2013: 40
InventoryDecember 31, 2013: $93.6 million
Inventory Turns
December 31, 2013 2.7
Days of inventory = 133 days
3 Months 9 Months
Industrial & Commercial | 40% | 47% |
Communication Infrastructure | 14% | 16% |
Medical Electronics | 9% | 10% |
Consumer | 23% | 13% |
Transportation (Auto/Traction) | 4% | 4% |
Other | 10% | 10% |
3 Months 9 Months
Power semiconductors: | 59.0% | 66.6% |
ICs: | 34.8% | 26.7% |
Systems & RF: | 6.2% | 6.7% |
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Adjusted EBITDA for the quarter ended December 31, 2013Net income $ 552
Add: Interest expense, net | 458 |
Add: Income tax (benefit) expense | 2,665 |
Add: Depreciation and amortization expenses | 6,109 |
EBITDA | $ 9,784 |
Add: Share-based compensation | 692 |
Adjusted EBITDA | $ 10,476 |
The foregoing document contains forward-looking statements. Actual results may vary materially from those contained in the forward-looking statements, due to changes in customer delivery schedules and cancellations of orders. Further information on other factors that could affect IXYS is detailed and included in IXYS' Form 10-Q for the fiscal quarter ended September 30, 2013 as filed with the Securities and Exchange Commission. IXYS undertakes no obligation to publicly release the results of any revisions to these forward-looking statements.
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