Company: AOSL
Filing Date: 2025-08-28
Form Type: 10-K
Source: 0001628280-25-041297
Chunk: 24

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-08-28
Form: 10-K
Item: Item 15
Chunk 24
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$142,921 $128,951 $178,974 Gross profit$8,662 $1,844 $4,502 Operating expenses$10,637 $9,174 $5,939 Net loss$3,195 $9,477 $4,906 

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3. Related Party Transactions

As of June 30, 2025, the Company owned 39.2% equity interest in the JV Company, which, by definition, is a related party to the Company.  The JV Company supplies 12-inch wafers and provides assembly and testing services to AOS.  The JV Company reimbursed AOS for purchases made on its behalf of $11.3 million, $9.8 million and $35.6 million during the fiscal year ended June 30, 2025, 2024 and 2023, respectively.  Due to the right of offset of receivables and payables with the JV Company, as of June 30, 2025 and 2024, AOS recorded the net amount of $15.8 million and $13.7 million, respectively, as a payable related to equity investee, net, on the Consolidated Balance Sheet.  The purchases by AOS for the fiscal year ended June 30, 2025, 2024 and 2023 were $109.1 million, $96.6 million and $127.8 million, respectively.

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4. Net Income (Loss) Per Common Share 

Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period.  Diluted net income (loss) per share is computed using the weighted-average number of common shares outstanding, plus potential shares of common stock during the period.  Potential shares of common stock include dilutive shares attributable to the assumed exercise of share options, employee share purchase plan shares and vesting of restricted stock units using the treasury stock method.  Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income (loss) per share if their effect is anti-dilutive.The following table presents the calculation of basic and diluted net income (loss) per share: Year Ended June 30,   202520242023(in thousands, except per share data)Numerator:Net income (loss) $(96,976)$(11,081