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CREE2016 Business According To Strong Demand In Fiscal Year Q1 Revenue 11% Qoq

Mar 07, 2017

 CREE Company (Nasdaq: CREE) announced that, as of September 27, 2015, the company first quarter of fiscal year 2016 revenue of $ 425.5 million, with fiscal 2015 In the first quarter compared to $ 427.7 million in revenue declined 1 percent, compared to the fourth quarter of fiscal year 2015 increased 11%.  2016 fiscal year got off to a good start. Due to strong demand for LED stadium lights commercial lighting and LED business firm and other driving factors, first-quarter revenue and profits were higher than we originally anticipated range of the middle line, we are very confident for their own strategy, and remain optimistic about the future, commercial lighting Business is growing, LED stadium lighting business in the first quarter has a good recovery, the strong business momentum and RF power. Cree Inc. Chairman and CEO Chuck Swoboda expressed.  2016 fiscal first quarter financial indicators :( units / one thousand US dollars)  data show that during the first quarter of fiscal year 2016, Cree Inc. for high power LED flood light Division reorganization (June 24, 2015 announcement) of related expenses to $ 15.9 million. Restructuring charges include factory capacity and indirect cost adjustment, and only reflected in the results of the United States generally accepted accounting principles (GAAP) among. backpfrontp the same time, according to US generally accepted accounting principles (GAAP) basis, the current ratio of 20.1% of gross profit in the fourth quarter of fiscal 2015 increased to 31.0%; according to non-GAAP (non-GAAP) basis, gross profit ratio in fiscal 2015 21.0% in the fourth quarter, up to 31.7%; backpfrontp Judging from the recent, CREE 1000W LED flood light business is indeed their own highlights frequently, which reflects its strong influence in the field of LED lighting. backpfrontp for example, recently introduced a high intensity level XLamp XQ-E HI LED, optimized to achieve the first design for the optical performance of high-power color LED; launch of the first 8-inch downlights KR8, and the latest generation LR6 downlight provide better light quality and lower prices, expand LED gym lights downlight product portfolio; the introduction of new LED bulb, the bulb is different from the discounted products, provide better light quality, higher performance, longer life and more energy-efficient. backpfrontp CREE led tennis court lights official is expected in the second quarter of fiscal year 2016 (ended December 27, 2015), Cree plans to achieve $ 425 million \u0026 mdash; revenue target of $ 445 million. backp