Amid Math Crisis, Seattle Nonprofit Helps 6.5M Students Beat the Math Slide
• 132 million student days
• 12.4 million trophies earned
• 3.3 million fluency certificates awarded
• Used in 5 languages, across 5 continents
While national assessments like the NAEP reveal some historic lows in basic math performance, the data from XtraMath paints a more uplifting story—one of growth, equity, and daily progress.
The Math Crisis, By the Numbers
40% of 4th graders and 33% of 8th graders now score below the basic level in math \\ Source → NAEP 2024
60% of U.S. adults report that math makes them feel 'challenged' or 'confused' \\ Source → Gallup 2024
'Educators and Families are desperate for help to reverse the slide, with the focus on expensive AI tutors and just sitting kids in front of random games,' said Roy King, Executive Director of XtraMath. 'A simple, ten-minute daily habit helped millions of kids develop math fact fluency this year.'
Real Impact, Real Growth
This year, teachers assigned over 3.7 million fluency programs, with 88% of students achieving mastery. In case studies like East End Prep in Nashville, low-performing students soared double-digit percentile jumps on the Spring MAP test after just one semester of consistent XtraMath use. 'The difference across our math classrooms was palpable.' — K. Williams, Dean of STEM, East End Prep, TN.
The secret? XtraMath combines research-based fluency practice with built-in motivation and minimal teacher lift—making it easy to implement and impactful to use.'
2024–25 Highlights & Innovations
This year, XtraMath has rolled out a series of platform upgrades and partnerships, making the program more inclusive, customizable, and effective than ever:
• WCAG 2.1 Accessibility compliance to support learners with disabilities
• Clever SecureSync for effortless rostering and classroom setup
• Advanced school-level reporting for administrators
• Assessment-Only Program to identify fluency gaps
• Awakening Game Mode, powered by Legends of Learning partnership, for curriculum-aligned fun
• National Math Stars partnership to celebrate student achievement
• Educator Endorsements
Recent survey results confirm that the platform isn't just effective—it's cherished:
• 93% of educators agree XtraMath helps students meet grade-level standards
• 87% say it builds confidence and eases math anxiety
• Net Promoter Score: 73 — indicating high educator satisfaction and strong word-of-mouth trust
Looking Ahead
As XtraMath looks to the 2025–26 school year, the mission remains clear: ensure every learner, regardless of background or ability, builds a strong foundation in math through consistent, accessible practice.
'Every minute a student doesn't spend counting on their fingers is a minute they can apply to learning fractions, data science, or even coding,' said Roy King, Executive Director of XtraMath. 'We're scaling evidence-based fluency practice to every classroom that wants it—no ads, no cost.'
With national trends showing persistent learning gaps, the urgency is real—but so is the solution. The path forward isn't hidden behind expensive programs or flashy tech. It's found in daily habits that reinforce essential skills, empower teachers, and unlock student potential—one 10-minute session at a time.
Learn more or bring XtraMath to your school:
www.XtraMath.org
[email protected]
Roy King
XtraMath
+1 805-619-8720
email us here
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
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Lattice Semiconductor Reports Second Quarter 2025 Results
HILLSBORO, Ore., August 04, 2025--(BUSINESS WIRE)--Lattice Semiconductor Corporation (Nasdaq: LSCC), the low power programmable leader, announced financial results today for the fiscal second quarter ended June 28, 2025. Revenue for the second quarter of 2025 was $124.0 million, with GAAP gross margin of 68.4%, and GAAP net income of $0.02 per diluted share. On a non-GAAP basis, gross margin was 69.3%, with net income per diluted share of $0.24. GAAP net income and GAAP net income margin for the second quarter of 2025 were $2.9 million and 2.3%, respectively, with adjusted EBITDA of $42.2 million, which is a 34.1% adjusted EBITDA margin for the second quarter of 2025. GAAP net cash flow from operating activities for the second quarter of 2025 was $38.5 million, which is a GAAP operating cash flow margin of 31.1%, and free cash flow and free cash flow margin of $31.3 million and 25.2%, respectively. Ford Tamer, Chief Executive Officer, said, "We delivered another strong quarter, with broad-based growth across key financial metrics and record design wins. Communications and computing markets remain solid, with normalized channel inventory and continued strength expected into 2026. Industrial and automotive markets are recovering as anticipated, with channel inventory levels showing signs of further improvement. Looking ahead, we're excited about growth driven by major design wins alongside AI accelerators in Cloud datacenter, wired communications, industrial robotics, ADAS, and other far-edge AI applications." Lorenzo Flores, Chief Financial Officer, said, "We grew revenue, gross margin and profitability sequentially, including adjusted EBITDA at 34.1%. We remain focused on driving growth in our business and expanding shareholder value through disciplined investments in our product roadmap, revenue generation, and customer support." Selected Second Quarter 2025 Financial Results and Comparisons (in thousands, except per share data) GAAP Financial Results (unaudited) Q2 2025 Q1 2025 Q2 2024 Q/Q Y/Y Revenue $ 123,971 $ 120,150 $ 124,076 3.2% (0.1)% Gross Margin % 68.4 % 68.0 % 68.3 % 40 bps 10 bps R&D Expense % 35.1 % 34.4 % 31.2 % 70 bps 390 bps SG&A Expense % 28.1 % 27.6 % 16.1 % 50 bps 1200 bps Operating Expenses $ 80,045 $ 74,754 $ 62,186 7.1% 28.7% Income from Operations $ 4,706 $ 6,974 $ 22,565 (32.5)% (79.1)% Net Income $ 2,913 $ 5,022 $ 22,631 (42.0)% (87.1)% Net Income per Share - Basic $ 0.02 $ 0.04 $ 0.16 $(0.02) $ (0.14) Net Income per Share - Diluted $ 0.02 $ 0.04 $ 0.16 $(0.02) $ (0.14) Net Income Margin 2.3 % 4.2 % 18.2 % (190) bps (1590) bps Operating Cash Flow Margin 31.1 % 26.5 % 17.7 % 460 bps 1340 bps Non-GAAP* Financial Results (unaudited) Q2 2025 Q1 2025 Q2 2024 Q/Q Y/Y Revenue (GAAP) $ 123,971 $ 120,150 $ 124,076 3.2% (0.1)% Gross Margin % 69.3 % 69.0 % 69.0 % 30 bps 30 bps R&D Expense % 26.3 % 25.8 % 26.7 % 50 bps (40) bps SG&A Expense % 16.8 % 18.4 % 17.9 % (160) bps (110) bps Operating Expenses $ 51,834 $ 51,408 $ 54,030 0.8% (4.1)% Income from Operations $ 34,084 $ 31,539 $ 31,526 8.1% 8.1% Net Income $ 32,597 $ 30,746 $ 31,432 6.0% 3.7% Net Income per Share - Basic $ 0.24 $ 0.22 $ 0.23 $ 0.02 $ 0.01 Net Income per Share - Diluted $ 0.24 $ 0.22 $ 0.23 $ 0.02 $ 0.01 Adjusted EBITDA Margin 34.1 % 33.4 % 32.3 % 70 bps 180 bps Free Cash Flow Margin 25.2 % 19.4 % 11.9 % 580 bps 1330 bps * GAAP represents U.S. Generally Accepted Accounting Principles. Non-GAAP represents GAAP excluding the impact of certain activities which the Company's management excludes in analyzing the Company's operating results and in understanding trends in the Company's earnings. Additional information relating to these measures is included below in "Non-GAAP Financial Measures." For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. GAAP to Non-GAAP Financial Measures." Recent Highlights: Mitsubishi Electric Collaboration: Lattice and Mitsubishi Electric partner to power next-gen factory automation with CertusPro™-NX FPGAs, enabling energy-efficient, reliable Computerized Numerical Controller (CNC) solutions. Expanded Small FPGA Portfolio: Launched new high I/O density Lattice Certus™-NX and Lattice MachXO5™-NX FPGA devices designed for power-constrained AI, Industrial, Communications, Server, and Automotive applications. Consistent Capital Allocation: Lattice repurchased common stock valued at $71 million through the first six months of 2025, which equates to 100% of its operating cash flow. Successful APAC Tech Summit: Hosted major summit in Tokyo, featuring keynote presentations from Lattice customers including Desay, Furukawa Automotive Systems (FAS), Glory, LIPS, Mitsubishi Electric, and NXP, in addition to technology demonstrations from Lattice's strong and growing partner ecosystem. Lattice Received Multiple Industry Awards: Lattice Edge AI Solution named "AI Edge Solution of the Year" at the 2025 AI Breakthrough Awards TIME's America's Best Mid-Size Companies 2025 List 2025 Top Workplace in the Technology Industry 2025 Fortress Cyber Security Award Business Outlook - Third Quarter of 2025: Revenue for the third quarter of 2025 is expected to be between $128 million and $138 million. Gross margin percentage for the third quarter of 2025 is expected to be 69.5% plus or minus 1% on a non-GAAP basis. Total operating expenses for the third quarter of 2025 are expected to be between $52 million and $54 million on a non-GAAP basis. Income tax rate for the third quarter of 2025 is expected to be between 5% and 6% on a non-GAAP basis. Net income for the third quarter of 2025 is expected to be between $0.26 and $0.30 per share on a non-GAAP basis. Non-GAAP Financial Measures: In addition to financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release makes reference to non-GAAP financial measures. With respect to the outlook for the third quarter of 2025, certain items that affect calculation of GAAP financial measures for gross margin percentage, total operating expenses, non-GAAP income tax rate, and non-GAAP net income are not available on a forward-looking basis because such items cannot be reasonably calculated without unreasonable efforts due to the unpredictability of the amounts and timing of events affecting the items we exclude from non-GAAP financial measures, including certain large and/or unpredictable charges such as stock-based compensation expense; performance-based equity expense; legal expense outside the ordinary course of business; restructuring; and impairment. Consequently, the Company is unable to calculate the most directly comparable GAAP measure to non-GAAP gross margin percentage, non-GAAP total operating expenses, non-GAAP income tax rate, and non-GAAP net income for the Company's third quarter 2025 quarterly guidance. Investor Conference Call / Webcast Details: Lattice Semiconductor will review the Company's financial results for the fiscal second quarter 2025, and business outlook on Monday, August 4 at 5:00 p.m. Eastern Time. The dial-in number for the live audio call is 1-877-407-3982 or 1-201-493-6780 with conference identification number 13754801. A live webcast of the conference call will also be available on the investor relations section of The Company's financial guidance will be limited to the comments on its public quarterly earnings call and the public business outlook statements contained in this press release. Forward-Looking Statements Notice: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve estimates, assumptions, risks and uncertainties. Any statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance are neither historical facts nor assurances of future performance and may be forward-looking. Such forward-looking statements include, but are not limited to, statements relating to our revenue growth, continued strength of financial performance into 2026, design win growth and drivers, market recovery and improvement; inventory levels, and the statements under the heading "Business Outlook - Third Quarter of 2025." Other forward-looking statements may be indicated by words such as "will," "could," "should," "would," "may," "expect," "plan," "project," "anticipate," "intend," "forecast," "future," "believe," "estimate," "predict," "propose," "potential," "continue" or the negative of these terms or other comparable terminology. Estimates of future revenue and other financial and operational outcomes are inherently uncertain due to factors such as global economic conditions which may affect customer demand, the cyclical nature of the semiconductor industry, pricing and inflationary pressures, competitive actions, international trade disputes and sanctions, the potential impact of global pandemics, the impact of tariffs, license requirements or similar actions on our suppliers and customers, including the impact on the costs of our products, the products into which they are integrated, and the impact on demand due to costs and uncertainty; and other significant risks and uncertainties that are beyond our ability to predict or control. Actual gross margin percentage and operating expenses could vary from the estimates on the basis of, among other things, changes in revenue levels, changes in product pricing and mix, changes in wafer, assembly, test and other costs, variations in manufacturing yields, the failure to sustain operational improvements, and the actual amount of compensation charges due to stock price changes. Actual income tax rate and actual net income on a per share basis may differ from our expectations. Actual results may differ materially from our expectations and are subject to risks and uncertainties that relate more broadly to our overall business, including those described in our filings with the Securities and Exchange Commission, including Lattice's most recent Annual Report on Form 10-K, especially those under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations", all of which are expressly incorporated herein by reference. Lattice believes these and other risks and uncertainties could cause actual results to differ materially from the forward-looking statements. New risk factors emerge from time to time and it is not possible for the Company to predict all risk factors. You should not rely on forward-looking statements because actual results could differ materially from those expressed in any forward-looking statements. In addition, any forward-looking statement applies only as of the date on which it is made. The Company does not intend to and undertakes no obligation to update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Non-GAAP Financial Measures: Included within this press release and the accompanying tables and notes are certain non-GAAP financial measures that supplement the Company's consolidated financial information prepared in accordance with U.S. GAAP, including non-GAAP gross margin, gross margin percentage, R&D expense, SG&A expense, operating expenses, income from operations, income tax expense, net income, net income per share – basic, and net income per share – diluted, adjusted EBITDA, adjusted EBITDA margin, free cash flow, and free cash flow margin. The non-GAAP measures presented exclude charges and adjustments primarily related to stock-based compensation and related payroll tax effects; accruals related to the portion of our annual incentive plan that we intend to settle in shares of our common stock; legal expense outside the ordinary course of business; amortization of acquired intangible assets; restructuring plans, transformation activities, and other charges; impairments; and the estimated tax effect of these items, non-cash changes in net deferred income taxes, change in tax law and other tax adjustments; and depreciation and other amortization. These charges and adjustments are a result of periodic or non-core operating activities of the Company. The Company describes these non-GAAP financial measures and reconciles them to the most directly comparable GAAP measures in the tables and notes attached to this press release. The Company's management believes that these non-GAAP financial measures provide an additional and useful way of viewing aspects of our performance that, when viewed in conjunction with our GAAP results, provide a more comprehensive understanding of the various factors and trends affecting our ongoing financial performance and operating results than GAAP measures alone. Management also uses these non-GAAP measures for strategic and business decision-making, internal budgeting, forecasting, and resource allocation processes and believes that investors should have access to similar data. The non-GAAP financial information used by the Company may differ from that used by other companies. These non-GAAP measures are included solely for informational and comparative purposes and are not meant as a substitute for GAAP and should be considered together with the consolidated financial information located in the tables attached to this press release. About Lattice Semiconductor Corporation: Lattice Semiconductor (Nasdaq: LSCC) is the low power programmable leader. We solve customer problems across the network, from the Edge to the Cloud, in the growing communications, computing, industrial, automotive and consumer markets. Our technology, long-standing relationships, and commitment to world-class support let our customers quickly and easily unleash their innovation to create a smart, secure, and connected world. For more information about Lattice, please visit You can also follow us via LinkedIn, X, Facebook, YouTube, WeChat, or Weibo. Lattice Semiconductor Corporation Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Three Months Ended Six Months Ended June 28, March 29, June 29, June 28, June 29, 2025 2025 2024 2025 2024 Revenue $ 123,971 $ 120,150 $ 124,076 $ 244,121 $ 264,891 Cost of sales 39,220 38,422 39,325 77,642 83,932 Gross margin 84,751 81,728 84,751 166,479 180,959 Operating expenses: Research and development 43,530 41,387 38,733 84,917 79,324 Selling, general, and administrative 34,811 33,126 20,005 67,937 56,474 Amortization of acquired intangible assets 13 — 869 13 1,739 Restructuring and other 1,691 241 2,579 1,932 4,283 Total operating expenses 80,045 74,754 62,186 154,799 141,820 Income from operations 4,706 6,974 22,565 11,680 39,139 Interest income (expense), net 614 1,052 933 1,666 2,240 Other income (expense), net (238 ) (45 ) 254 (283 ) 208 Income before income taxes 5,082 7,981 23,752 13,063 41,587 Income tax expense (benefit) 2,169 2,959 1,121 5,128 4,160 Net income $ 2,913 $ 5,022 $ 22,631 $ 7,935 $ 37,427 Net income per share: Basic $ 0.02 $ 0.04 $ 0.16 $ 0.06 $ 0.27 Diluted $ 0.02 $ 0.04 $ 0.16 $ 0.06 $ 0.27 Shares used in per share calculations: Basic 137,112 137,686 137,548 137,399 137,480 Diluted 137,596 138,317 138,243 137,675 138,485 Lattice Semiconductor Corporation Condensed Consolidated Balance Sheets (in thousands) (unaudited) June 28, December 28, 2025 2024 Assets Current assets: Cash and cash equivalents $ 107,156 $ 136,291 Accounts receivable, net 85,659 81,060 Inventories, net 93,832 103,410 Other current assets 35,779 44,073 Total current assets 322,426 364,834 Property and equipment, net 62,972 52,988 Operating lease right-of-use assets 20,326 13,870 Intangible assets, net 5,074 4,587 Goodwill 315,358 315,358 Deferred income taxes 66,060 66,980 Other long-term assets 16,336 25,286 $ 808,552 $ 843,903 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 33,805 $ 36,828 Accrued liabilities 33,552 45,638 Accrued payroll obligations 19,525 17,156 Total current liabilities 86,882 99,622 Long-term operating lease liabilities, net of current portion 15,975 9,433 Other long-term liabilities 18,647 23,916 Total liabilities 121,504 132,971 Stockholders' equity 687,048 710,932 $ 808,552 $ 843,903 Lattice Semiconductor Corporation Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited) Six Months Ended June 28, June 29, 2025 2024 Cash flows from operating activities: Net income $ 7,935 $ 37,427 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Stock-based compensation expense 44,459 21,713 Depreciation and amortization 17,539 18,385 Change in deferred income tax provision 1,136 (969 ) Other non-cash adjustments 4,164 4,329 Net changes in assets and liabilities (4,810 ) (29,443 ) Net cash provided by (used in) operating activities 70,423 51,442 Cash flows from investing activities: Capital expenditures (15,846 ) (10,581 ) Other investing activities (7,782 ) (7,607 ) Net cash provided by (used in) investing activities (23,628 ) (18,188 ) Cash flows from financing activities: Repurchase of common stock (70,855 ) (29,999 ) Net cash flows related to stock compensation exercises (5,729 ) (21,734 ) Net cash provided by (used in) financing activities (76,584 ) (51,733 ) Effect of exchange rate change on cash 654 (622 ) Net increase (decrease) in cash and cash equivalents (29,135 ) (19,101 ) Beginning cash and cash equivalents 136,291 128,317 Ending cash and cash equivalents $ 107,156 $ 109,216 Supplemental disclosure of cash flow information and non-cash investing and financing activities: Income taxes paid, net of refunds $ 4,192 $ 3,886 Operating lease payments $ 4,187 $ 4,564 Lattice Semiconductor Corporation Supplemental Historical Financial Information (unaudited) Three Months Ended June 28, March 29, June 29, 2025 2025 2024 Balance Sheet Information A/R Days Revenue Outstanding (DSO) 63 64 76 Inventory Days (DIO) 218 225 236 Revenue % (by Geography) Asia 67 % 65 % 67 % Americas 22 % 25 % ... 19 % Europe (incl. Africa) 11 % 10 % 14 % Revenue % (by End Market) Communications and Computing 55 % 48 % 44 % Industrial and Automotive 38 % 43 % 47 % Consumer 7 % 9 % 9 % Revenue $M (by End Market) Communications and Computing $ 68.7 $ 57.4 $ 54.6 Industrial and Automotive $ 47.3 $ 52.2 $ 58.2 Consumer $ 8.0 $ 10.6 $ 11.3 Revenue % (by Channel) Distribution 84 % 79 % 91 % Direct 16 % 21 % 9 % Lattice Semiconductor Corporation Reconciliation of U.S. GAAP to Non-GAAP Financial Measures (in thousands, except per share data) (unaudited) Three Months Ended June 28, March 29, June 29, 2025 2025 2024 Gross Margin Reconciliation GAAP Gross margin $ 84,751 $ 81,728 $ 84,751 Stock-based compensation - gross margin (1) 1,105 1,143 805 Incentive compensation to be settled in equity - gross margin (2) 62 76 — Non-GAAP Gross margin $ 85,918 $ 82,947 $ 85,556 Gross Margin % Reconciliation GAAP Gross margin % 68.4 % 68.0 % 68.3 % Stock-based compensation - gross margin (1) 0.8 % 0.9 % 0.7 % Incentive compensation to be settled in equity - gross margin (2) 0.1 % 0.1 % — Non-GAAP Gross margin % 69.3 % 69.0 % 69.0 % Research and Development Expense % (R&D Expense %) Reconciliation GAAP R&D Expense % 35.1 % 34.4 % 31.2 % Stock-based compensation - R&D (1) (8.3 )% (8.1 )% (4.5 )% Incentive compensation to be settled in equity - R&D (2) (0.5 )% (0.5 )% — Non-GAAP R&D Expense % 26.3 % 25.8 % 26.7 % Selling, General, and Administrative Expense % (SG&A Expense %) Reconciliation GAAP SG&A Expense % 28.1 % 27.6 % 16.1 % Stock-based compensation - SG&A (1) (10.3 )% (8.1 )% 2.7 % Incentive compensation to be settled in equity - SG&A (2) (0.5 )% (0.7 )% — Legal expenses (3) (0.5 )% (0.4 )% (0.9 )% Non-GAAP SG&A Expense % 16.8 % 18.4 % 17.9 % Operating Expenses Reconciliation GAAP Operating expenses $ 80,045 $ 74,754 $ 62,186 Stock-based compensation - operations (1) (23,036 ) (19,413 ) (2,343 ) Incentive compensation to be settled in equity - operations (2) (1,212 ) (1,452 ) — Legal expenses (3) (568 ) (533 ) (1,065 ) Amortization of acquired intangible assets (13 ) — (869 ) Restructuring, transformation, and other (4) (3,382 ) (1,948 ) (3,879 ) Non-GAAP Operating expenses $ 51,834 $ 51,408 $ 54,030 Income from Operations Reconciliation GAAP Income from operations $ 4,706 $ 6,974 $ 22,565 Stock-based compensation (1) 24,141 20,556 3,148 Incentive compensation to be settled in equity (2) 1,274 1,528 — Legal expenses (3) 568 533 1,065 Amortization of acquired intangible assets 13 — 869 Restructuring, transformation, and other (4) 3,382 1,948 3,879 Non-GAAP Income from operations $ 34,084 $ 31,539 $ 31,526 (1) Includes stock-based compensation and related payroll tax expenses. (2) Includes accruals for the portion of our annual incentive plan that we intend to settle in equity. (3) Includes legal expenses outside the ordinary course of business, including those incurred defending against claims brought against the Company by Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswalde. (4) Includes transformation charges of $1.5 million in Q2 2025, $1.0 million in Q1 2025, $2.5 million in YTD 2025, and $0.8 million in Q2 and YTD 2024. Lattice Semiconductor Corporation Reconciliation of U.S. GAAP to Non-GAAP Financial Measures (in thousands, except per share data) (unaudited) Three Months Ended June 28, March 29, June 29, 2025 2025 2024 Income from Operations % Reconciliation GAAP Income from operations % 3.8 % 5.8 % 18.2 % Cumulative effect of non-GAAP Gross Margin and Operating adjustments 23.7 % 20.4 % 7.2 % Non-GAAP Income from operations % 27.5 % 26.2 % 25.4 % Income Tax Expense (Benefit) Reconciliation GAAP Income tax expense (benefit) $ 2,169 $ 2,959 $ 1,121 Estimated tax effect of non-GAAP adjustments 2,158 2,086 5,649 Non-cash changes in net deferred income taxes (5) (1,723 ) (2,307 ) (1,090 ) Change in tax law (6) (741 ) (938 ) (4,399 ) Non-GAAP Income tax expense $ 1,863 $ 1,800 $ 1,281 Net Income Reconciliation GAAP Net income $ 2,913 $ 5,022 $ 22,631 Stock-based compensation (1) 24,141 20,556 3,148 Incentive compensation to be settled in equity (2) 1,274 1,528 — Legal expenses (3) 568 533 1,065 Amortization of acquired intangible assets 13 — 869 Restructuring, transformation, and other (4) 3,382 1,948 3,879 Estimated tax effect of non-GAAP adjustments (2,158 ) (2,086 ) (5,649 ) Non-cash changes in net deferred income taxes (5) 1,723 2,307 1,090 Change in tax law (6) 741 938 4,399 Non-GAAP Net income $ 32,597 $ 30,746 $ 31,432 (1) Includes stock-based compensation and related payroll tax expenses. (2) Includes accruals for the portion of our annual incentive plan that we intend to settle in equity. (3) Includes legal expenses outside the ordinary course of business, including those incurred defending against claims brought against the Company by Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswalde. (4) Includes transformation charges of $1.5 million in Q2 2025, $1.0 million in Q1 2025, $2.5 million in YTD 2025, and $0.8 million in Q2 and YTD 2024. (5) Includes non-cash changes in net deferred income taxes associated with $27.7 million of certain tax matters related to prior fiscal periods in the fourth quarter of fiscal 2024. (6) Includes an increase in our provision for U.S. tax on foreign operations resulting from The 2017 Tax Cuts and Jobs Act and is related to the capitalization and subsequent amortization of R&D costs for tax purposes. Lattice Semiconductor Corporation Reconciliation of U.S. GAAP to Non-GAAP Financial Measures (in thousands, except per share data) (unaudited) Three Months Ended June 28, March 29, June 29, 2025 2025 2024 Net Income Per Share Reconciliation GAAP Net income per share - basic $ 0.02 $ 0.04 $ 0.16 Cumulative effect of Non-GAAP adjustments 0.22 0.18 0.07 Non-GAAP Net income per share - basic $ 0.24 $ 0.22 $ 0.23 GAAP Net income per share - diluted $ 0.02 $ 0.04 $ 0.16 Cumulative effect of Non-GAAP adjustments 0.22 0.18 0.07 Non-GAAP Net income per share - diluted $ 0.24 $ 0.22 $ 0.23 Shares used in per share calculations: Basic 137,112 137,686 137,548 Diluted 137,596 138,317 138,243 Reconciliation of Net income to Adjusted EBITDA GAAP Net income $ 2,913 $ 5,022 $ 22,631 Interest (income) expense, net (614 ) (1,052 ) (933 ) Income tax expense (benefit) 2,169 2,959 1,121 Amortization of acquired intangible assets 13 — 869 Depreciation and other amortization 8,380 8,586 8,239 Stock-based compensation (1) 24,141 20,556 3,148 Incentive compensation to be settled in equity (2) 1,274 1,528 — Legal expenses (3) 568 533 1,065 Restructuring, transformation, and other (4) 3,382 1,948 3,879 Adjusted EBITDA $ 42,226 $ 40,080 $ 40,019 Reconciliation of Net income margin to Adjusted EBITDA margin GAAP Net income margin 2.3 % 4.2 % 18.2 % Cumulative effect of EBITDA adjustments 31.8 % 29.2 % 14.1 % Adjusted EBITDA margin 34.1 % 33.4 % 32.3 % Reconciliation of GAAP Net Cash Provided by Operating Activities to Free Cash Flow GAAP Net cash provided by operating activities $ 38,531 $ 31,892 $ 21,931 Operating cash flow margin 31.1 % 26.5 % 17.7 % Capital expenditures (7,230 ) (8,616 ) (7,155 ) Free cash flow $ 31,301 $ 23,276 $ 14,776 Free cash flow margin 25.2 % 19.4 % 11.9 % (1) Includes stock-based compensation and related payroll tax expenses. (2) Includes accruals for the portion of our annual incentive plan that we intend to settle in equity. (3) Includes legal expenses outside the ordinary course of business, including those incurred defending against claims brought against the Company by Steven A.W. De Jaray, Perienne De Jaray and Darrell R. Oswalde. (4) Includes transformation charges of $1.5 million in Q2 2025, $1.0 million in Q1 2025, $2.5 million in YTD 2025, and $0.8 million in Q2 and YTD 2024. View source version on Contacts MEDIA: Sophia HongLattice Semiconductor INVESTORS: Rick MuschaLattice Semiconductor
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Exact Sciences (EXAS) To Report Earnings Tomorrow: Here Is What To Expect
Diagnostic company Exact Sciences Corporation (NASDAQ:EXAS) will be reporting earnings this Wednesday after market close. Here's what to expect. Exact Sciences beat analysts' revenue expectations by 2.7% last quarter, reporting revenues of $706.8 million, up 10.9% year on year. It was a satisfactory quarter for the company, with full-year revenue guidance slightly topping analysts' expectations but a significant miss of analysts' EPS estimates. Is Exact Sciences a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Exact Sciences's revenue to grow 10.6% year on year to $773.1 million, slowing from the 12.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Exact Sciences has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 1.7% on average. Looking at Exact Sciences's peers in the biotechnology segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Regeneron delivered year-on-year revenue growth of 3.6%, beating analysts' expectations by 11.3%, and Incyte reported revenues up 16.5%, topping estimates by 5.5%. Regeneron traded up 4.8% following the results while Incyte was also up 10.5%. Read our full analysis of Regeneron's results here and Incyte's results here. Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the biotechnology stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. Exact Sciences is down 9.1% during the same time and is heading into earnings with an average analyst price target of $68.55 (compared to the current share price of $47.70). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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What To Expect From Uber's (UBER) Q2 Earnings
Ride sharing and on-demand delivery platform Uber (NYSE:UBER) will be reporting results this Wednesday before the bell. Here's what you need to know. Uber missed analysts' revenue expectations by 0.5% last quarter, reporting revenues of $11.53 billion, up 13.8% year on year. It was a mixed quarter for the company, with strong growth in its users. It reported 170 million users, up 14.1% year on year. Is Uber a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Uber's revenue to grow 16.6% year on year to $12.48 billion, in line with the 15.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.82 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Uber has missed Wall Street's revenue estimates three times over the last two years. Looking at Uber's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Fiverr delivered year-on-year revenue growth of 14.8%, beating analysts' expectations by 0.9%, and Shutterstock reported revenues up 21.3%, topping estimates by 7.5%. Fiverr traded down 11.7% following the results while Shutterstock's stock price was unchanged. Read our full analysis of Fiverr's results here and Shutterstock's results here. Investors in the consumer internet segment have had steady hands going into earnings, with share prices up 1.5% on average over the last month. Uber is down 8% during the same time and is heading into earnings with an average analyst price target of $100.54 (compared to the current share price of $88.90). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
