FormFactor, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:01 pm
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FormFactor, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 171.58 million compared to USD 180.87 million a year ago. Net income was USD 4.37 million compared to USD 4.35 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.06 a year ago.
For the nine months, sales was USD 494.94 million compared to USD 581.95 million a year ago. Net income was USD 6.54 million compared to USD 64.47 million a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.82 a year ago.
FormFactor, Inc. is a provider of essential test and measurement technologies along the full semiconductor product lifecycle from characterization, modeling, reliability, and design de-bug to qualification and production test. It provides a range of high-performance probe cards, analytical probes, probe stations, thermal systems, and cryogenic systems to both semiconductor companies and scientific institutions. Its products provide electrical information from a variety of semiconductor and electro-optical devices and integrated circuits from early research, through development, to high-volume production. It operates in two segments: Probe Cards and the Systems. The Probe Cards segment includes sales of its probe cards and analytical probes. The Systems segment includes sales of its probe stations, thermal systems and cryogenic systems. The Company's customers include companies, universities and institutions that design or make semiconductor and semiconductor related products.