Company: AOSL
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001387467-25-000017
Chunk: 45

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 45
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 affiliate on a one quarter lag. 

We record our interest in the net earnings of the equity method investee, along with adjustments for unrealized profits or losses on intra-entity transactions and amortization of basis differences, within earnings or loss from equity interests in the Condensed Consolidated Statements of Income (Loss).  Profits or losses related to 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 six months ended December 31, 2024 and 2023.  Our historical results of operations are not necessarily indicative of the results for any future period.Three Months Ended December 31, Six Months Ended December 31, 20242023202420232024202320242023(in thousands)(% of revenue)(in thousands)(% of revenue)Revenue $173,156 $165,285 100.0 %100.0 %$355,043 $345,918 100.0 %100.0 %Cost of goods sold 133,145 121,284 76.9 %73.4 %270,506 250,992 76.2 %72.6 %Gross profit40,011 44,001 23.1 %26.6 %84,537 94,926 23.8 %27.4 %Operating expensesResearch and development23,968 22,919 13.8 %13.9 %46,446 45,032 13.1 %13.0 %Selling, general and administrative21,951 22,216 12.7 %13.4 %44,251 41,647 12.5 %12