Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 122

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 122
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 intra-entity sales with the equity method investee are eliminated until realized by the investor or investee.  Basis differences represent differences between the cost of the investment and the underlying equity in net assets of the investment and are generally amortized over the lives of the related assets that gave rise to them.  Equity method goodwill is not amortized or tested for impairment. Instead the total equity method investment balance, including equity method goodwill, is tested for impairment.  We review for impairment whenever factors indicate that the carrying amount of the investment is determined to be other than temporary.  In such a case, the decrease in value is recognized in the period the impairment occurs in the Condensed Consolidated Statements of Income (Loss).

Results of Operations 

The following tables set forth statements of income (loss), also expressed as a percentage of revenue, for the three and nine months ended March 31, 2025 and 2024.  Our historical results of operations are not necessarily indicative of the results for any future period.Three Months Ended March 31,Nine Months Ended March 31, 20252024202520242025202420252024(in thousands)(% of revenue)(in thousands)(% of revenue)Revenue $164,635 $150,060 100.0 %100.0 %$519,678 $495,978 100.0 %100.0 %Cost of goods sold 129,458 114,505 78.6 %76.3 %399,964 365,497 77.0 %73.7 %Gross profit35,177 35,555 21.4 %23.7 %119,714 130,481 23.0 %26.3 %Operating expensesResearch and development23,398 23,095 14.2 %15.4 %69,844 68,127 13.4 %13.7 %Selling, general and administrative22,437 22,964 13.6 %15.3 %66,688 64,611 12.8 %13.0 %Total operating expenses45,835 46,059 27.8 %30.7 %136,532 132,738 26.2 %26.7 %Operating loss(10,658)(10,504)(6.4)%(7.0)%(16,818)(2,