Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 139

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 139
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 segment, Semiconductor Test & Inspection, which derives revenue from the design and manufacture of equipment and components used in the testing of semiconductors.

The CODM assesses performance of the Semiconductor Test & Inspection segment and decides how to allocate resources based on income (loss) before taxes. The table below summarizes selected financial information for our single reportable segment.

			(in thousands)

			2024

			2023

			2022

			Net sales

			$
			401,779

			$
			636,322

			$
			812,775

			Cost and expenses:

			Cost of sales

			220,436

			332,609

			428,803

			Research and development

			81,231

			85,178

			89,489

			Selling

			51,584

			61,056

			60,006

			General and administrative

			60,328

			58,196

			60,212

			Amortization of purchased intangible assets

			39,087

			36,355

			33,185

			Stock-based compensation

			20,740

			17,237

			14,918

			Other segment items (1)

			(6,681
			)

			(125
			)

			(553
			)

			Income (loss) before taxes

			$
			(64,946
			)
			 
			$
			45,816

			$
			126,715

			(1) Other segment items include restructuring charges as well as miscellaneous non-operating items.

83

			COHU, INC.

			NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

During the last three years, the following customers comprised 10% or greater of our consolidated net sales:

			2024

			2023

			2022

			STMicroelectronics

			*

			12.0
			%

			*

			* Less than 10% of consolidated net sales.

Net sales to customers, attributed to countries based on product shipment destination, were as follows:

			(in thousands)

			2024

			2023

			2022

			China

			$
			59