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| Three Months Ended September 28, 2024 | ||||||||
Non-GAAP Loss Per Share |
| GAAP Measure |
| Stock Compensation Expense* |
| Intangible Asset Amortization* |
| Income Tax Adjustments |
| Non- GAAP Measure |
Net income (loss) |
| $ (28,504) |
| $ 15,903 |
| $ 5,438 |
| $ 3,036 |
| $ (4,127) |
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|
Diluted shares outstanding |
| 32,309 |
|
|
|
|
|
|
| 32,309 |
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|
|
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|
|
Diluted loss per share |
| $ (0.88) |
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|
|
|
|
|
| $ (0.13) |
|
|
* Represents pre-tax amounts |
Unaudited Forward-Looking Statements Regarding Business Outlook (In millions, except per share data) | ||||||
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| Three Months Ended
| ||||
Business Outlook |
| GAAP Measure |
| Non-GAAP Adjustments** |
| Non-GAAP Measure |
Gross margin |
| 54% to 55% |
| — % |
| 54% to 55% |
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Operating expenses |
| $118 to $122 |
| $(21) to $(23) |
| $97 to $99 |
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|
|
|
|
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|
Diluted loss per share |
| $(0.75) to $(1.05) |
| $0.74 to $0.84 |
| $(0.01) to $(0.21) |
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|
** Non-GAAP adjustments include the following estimates: stock compensation expense of $16.8 million, intangible asset amortization of $5.4 million, and the application of a long-term non-GAAP tax rate of 20%. |
