Company: AOSL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001387467-25-000044
Chunk: 56

Company: ALPHA & OMEGA SEMICONDUCTOR Ltd
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 56
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 approximately $8.0 million. 

We believe that our current cash and cash equivalents and cash flows from operations will be sufficient to meet our anticipated cash needs, including working capital and capital expenditures, for at least the next twelve months.  In the long-term, we may require additional capital due to changing business conditions or other future developments, including any investments or acquisitions we may decide to pursue.  If our cash is insufficient to meet our needs, we may seek to raise capital through debt financing.  The incurrence of indebtedness would result in increased debt service obligations and may include operating and financial covenants that would restrict our operations.  If we decide to raise capital through equity financing, the issuance of additional equity may result in dilution to our shareholders.  We cannot be certain that any financing will be available in the amounts we need or on terms acceptable to us, if at all.

Cash, cash equivalents and restricted cash  

As of March 31, 2025 and June 30, 2024, we had $169.6 million and $175.5 million of cash, cash equivalents and restricted cash, respectively.  Our cash, cash equivalents and restricted cash primarily consist of cash on hand, restricted cash, and short-term bank deposits with original maturities of three months or less.  Of the $169.6 million and $175.5 million cash, cash equivalents and restricted cash, $83.4 million and $55.0 million, respectively, are deposited with financial institutions outside the United States.

The following table shows our cash flows from operating, investing and financing activities for the periods indicated:

 Nine Months Ended March 31, 20252024 (in thousands)Net cash provided by operating activities$32,494 $18,591 Net cash used in investing activities(22,167)(28,593)Net cash used in financing activities(16,266)(10,923)Effect of exchange rate changes on cash, cash equivalents and restricted cash(35)(83)Net decrease in cash, cash equivalents and restricted cash$(5,974)$(21,008)  

Cash flows from operating activities

For the nine months ended March 31, 2025, the $13.9 million increase in cash provided by operating activities compared to the same period last year was primarily due to an increase of net loss of $11.6 million and an increase of non-cash expenses of $8.6 million, a decrease of $22.5 million in inventory