xcerra corp (XCRA) Key Developments
Xcerra Corporation Announces New Instruments for Diamondx
Mar 16 15
Xcerra Corporation announced the first two in a series of new instruments to be introduced this year for its Diamondx test platform, a key product of its LTX-Credence brand. These new instruments will extend the capabilities of Diamondx to meet the semiconductor test challenges in fast growing markets such as mobile power management, automotive, and the Internet of Things (IoT). In addition to extending the Diamondx into new markets, these latest instruments have common architectural features benefitting the general market by providing higher throughput and improved flexibility. These new instruments take full advantage of the innovative architecture of the Diamondx, sharing the following key attributes: High levels of channel density; Native, high bandwidth multi-lane PCI Express interface; Multi-threaded, full duplex communication; Advanced concurrent test operation; Energy efficient and focused design; and Adaptable programming models. The first two products, in a series of new instruments being introduced this year, are the PMVIx and the MP1x: PMVIx – targeted at highly integrated mobile power management, higher power MCU and automotive applications, the PMVIx is a 72 Channel Power Management VI instrument, with up to 1A per pin, gang-able to 16A. Included are 20V capability on every pin, true current sink as well as per pin TMU access and precision voltage measure. MP1x– targets high speed digital interfaces typically designed into application and baseband processors, display logic and communications applications. MP1x offers 80 Channel DDR/LPDDR/LVDS test solution, providing up to 1Gbps data rate, source synchronous and clock forwarded. The MP1x complements the already available HSIOx, which is used for a broad range of SerDes test challenges. Production shipments of these new instruments will begin in spring 2015.
Xcerra Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended January 31, 2015; Provides Earnings Guidance for the Third Quarter Ending April 30, 2015
Feb 26 15
Xcerra Corporation reported unaudited consolidated earnings results for the second quarter and six months ended January 31, 2015. For the quarter, the company reported net sales of $92,284,000, compared to the prior quarter's net sales of $127,162,000 and $68,356,000 in last year. GAAP net income was $3,929,000, or $0.07 per diluted share. Excluding restructuring charges of $230,000, amortization expenses totaling $971,000 and a benefit of $2,685,000 related to a gain from financing activities, non-GAAP net income was $2,445,000, or $0.04 per diluted share. GAAP net loss was $1,604,000, or $0.03 per diluted share and non-GAAP net loss was $6,137,000, or $0.13 per basic and diluted share in fiscal year 2014. The company reported income before provision for income taxes of $5.5 million compared to loss before provision for income taxes of $0.9 million for the last year. CapEx for the quarter was about $1.4 million.
For the six months, the company reported net sales of $219,446,000, compared to $101,123,000 in last year. GAAP net income was $15,991,000, or $0.30 per diluted share compared to GAAP net loss of $8,504,000, or $0.18 per diluted share, income before provision for income taxes of $18.3 million compared to loss before provision for income taxes of $7.6 million, non-GAAP net income of $17.3 million, or $0.32 per diluted share compared non-GAAP net loss of $11.1 million, or $0.23 per basic and diluted share to in fiscal year 2014. From a cash flow from operations, it did about $4 million of net cash flow.
For the fiscal quarter ending April 30, 2015 net sales are expected to be in the range of $103 million to $108 million. Non-GAAP net income for the quarter is expected to be in the range of $0.04 to $0.09 per share, assuming 55 million fully diluted shares outstanding. The gross margin expectation would be about 40%. At the midpoint of the pro forma of guidance, its pro forma operating income is expected to be about $7 million. EBITDA is expected to be approximately $9 million.
Xcerra Corporation to Report Q2, 2015 Results on Feb 26, 2015
Feb 19 15
Xcerra Corporation announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Feb 26, 2015
Xcerra Corporation, Q2 2015 Earnings Call, Feb 26, 2015
Feb 19 15
Xcerra Corporation, Q2 2015 Earnings Call, Feb 26, 2015
Xcerra Corporation Introduces A8a, a New Generation of High-Speed Flying Probe PCB Testers
Jan 6 15
Xcerra Corporation announced a new product from its atg Luther & Maelzer brand, the A8a. The A8a test system provides the flexibility of flying probe testers while delivering high throughput testing for bare board printed circuit boards. Flying probe testers provide significant advantages, compared to the alternative fixture testers, for small and medium batches. These advantages include faster time to volume production and lower cost of test. The target market for the A8a is the electrical test of tablet and PC motherboards and high density interconnect products for smart phones. A8a test systems have been purchased by multiple customers and shipped to factories in both Europe and China. The A8a is designed for high productivity, reliability and test accuracy. To achieve high throughput, the key feature of the A8a is a new dual shuttle system, which reduces the product exchange time to less than 4 seconds in automation mode. In combination with the fast test speed of up to 140 measurements/second, the A8a offers customers a competitive test solution for batches up to 5,000 boards. A typical cycle time of a 4-up smart phone board is about 2 minutes. The A8a is designed for high productivity, reliability and test accuracy. To achieve high throughput, the key feature of the A8a is a new dual shuttle system, which reduces the product exchange time to less than 4 seconds in automation mode. In combination with the fast test speed of up to 140 measurements/second, the A8a offers customers a competitive test solution for batches up to 5,000 boards. A typical cycle time of a 4-up smart phone board is about 2 minutes. To ensure accuracy, the A8a is equipped with eight test heads and four cameras for precise optical alignment. The A8a is able to test pad sizes down to 35 micron and is capable of testing high density interconnect products for smart phones, and tablet and PC motherboards up to a test area of 18" x 12". The A8a eliminates limitations due to test point density or fine-pitch contacts and also features embedded component test or a 4-wire Kelvin measurement capability with an accuracy of +/- 0.025 mO.