news digest ♦ LEDs
This represents a 22 percent increase compared to revenue of $306.8 million reported for the fourth quarter of fiscal 2012, and a 7 percent increase compared to the third quarter of fiscal 2013.
Net income for the fourth quarter was $28.2 million, or $0.23 per diluted share, an increase of 182 percent year-over-year compared to net income of $10.0 million, or $0.09 per diluted share, for the fourth quarter of fiscal 2012.
Cree targets revenue in a range of $380 million to $400 million, withgross margin targeted to be 38.5 percent. The firm’s gross margin targets include stock-based compensation expense of approximately $2.2 million. Operating expenses are targeted to increase by approximately $3 million sequentially.
The tax rate is targeted at 23.0 percent for the first quarter of fiscal 2014. Net income is targeted at $28 million to $34 million, or $0.23 to $0.28 per diluted share and is based on an estimated 122.4 million diluted weighted average shares.
All data quoted in this article is GAAP based.
Osram unveils compact multi-chip LED for interior lighting
For fiscal year 2013, Cree reported revenue of $1.39 billion, which represents a 19 percent increase compared to revenue of $1.16 billion for fiscal 2012. GAAP net income was $86.9 million, or $0.74 per diluted share, an increase of 96 percent compared to $44.4 million, or $0.39 per diluted share, for fiscal 2012.
The company generated $285.2 million of operating cash flow and $186.9 million of free cash flow (cash flow from operations less capital expenditures) during fiscal 2013.
The Duris S 8 InGaN (indium gallium nitride) based LED offers lots of light from a small surface, particularly for use in directional retrofits
Osram Opto Semiconductors is launching the Duris S 8, a new, multi-chip, high-power member of the Duris “S” LED series.
The close grouping of the LED permits very good colour consistency in combination with a high luminous flux.
The new Duris S is primarily used in directional and omnidirectional retrofits, as well as in LED spots in indoor lighting. It is particularly suitable for directional lighting in office and business premises, as well as in the home.
“Our fiscal fourth quarter was a strong finish to a great year, with record revenue and good earnings growth in line with our targets,” stated Chuck Swoboda, Cree Chairman and CEO.
“Total company backlog is ahead of this point last quarter and we are targeting solid growth in LED lighting in Q1. Our new products have opened new applications, improved payback, and fuelled growth in LED lighting. We remain focused on driving mass adoption and our goal of 100 percent upgrade to LED lighting,” adds Swomboda.
Gross margin decreased 60 basis points from Q3 of fiscal 2013 to 37.5 percent. Cash and investments increased by $86.9 million from Q3 of fiscal 2013 to $1.0 billion. Accounts receivable, net increased by $10.6 million from Q3 of fiscal 2013 to $192.5 million, with days sales outstanding of 46. Inventory increased by $1.3 million from Q3 of fiscal 2013 to $197.0 million and represents 76 days of inventory.
Business Outlook: For its first quarter of fiscal 2014 ending September 29th, 2013, 72
www.compoundsemiconductor.net August/September 2013 Duris S 8 LED
The very good colour consistency (colour binning) in the directional retrofits is achieved through the close grouping of the LEDs, which corresponds to the coverage of a 5-step MacAdam ellipse. 3-step MacAdam grouping is additionally available for applications requiring very good colour homogeneity.
The Duris S 8 is grouped by colour coordinates at the junction temperature of 100 °C instead of at room temperature, as is customary. “In terms of colour rendering, the Duris S 8 has a CRI of more than 80. An even higher CRI will be the next step,” says Janick Ihringer, the responsible Product Manager SSL at Osram Opto Semiconductors.
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