Kulicke and Soffa Industries, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported net revenue of $213,691,000 against $149,639,000 a year ago. Income from operations was $38,571,000 against $17,281,000 a year ago. Interest income was $1,975,000 against $1,172,000 a year ago. Income before income taxes was $40,280,000 against $18,191,000 a year ago. Net loss was $69,337,000 or $0.98 per basic and diluted share against income of $15,583,000 or $0.22 per basic and diluted share a year ago. Capital expenditures were $6,257,000 against $2,229,000 a year ago. Net cash provided by operating activities was $50,333,000 against $30,049,000 a year ago. Non-GAAP income from operations was $41,828,000 against $18,804,000 a year ago. Non-GAAP net income was $38,839,000 against $17,084,000 a year ago. Non-GAAP net income per diluted share was $0.54 against $0.24 per basic and diluted a year ago.

The company currently expects net revenue in the second fiscal quarter of 2018 ending March 31, 2018 to be approximately $205 million to $215 million.