Latest news with #AOS
NZ Herald
2 days ago
- NZ Herald
Coroner: Shooting of Shargin Stephens was ‘preventable', slams police actions
The shooting happened within five minutes of an officer first lodging a 10-10 priority call saying Stephens had smashed up a patrol car. The 35-year-old died of his injuries two weeks later in hospital. In findings released today the coroner said the actions of the probationary officer, the most junior at the scene, contributed to Stephens' death by rushing towards him, which escalated the situation. He added that the death was 'preventable,' and he listed 30 recommendations for the police. They included the wearing of body cameras, probationary officers not taking control of situations where senior staff are present, the proper use of M4 rifles, de-escalation training, use of police dogs, reviewing the police risk assessment process, reviewing bail checks and training in emergency code calls. Coroner Robb said he had received just one response from police regarding his recommendations, which related to their use of body cameras. He also directed that his findings be referred to the IPCA and police, but what, if any steps, they considered thereafter was a 'matter wholly at their discretion'. Coroner Robb also found the officer, a recent graduate or 'probationary officer', to be an inaccurate or unreliable witness, and was scathing of the evidence given by several other senior officers who were at the scene that day, including an AOS staffer. 'Without the benefit of CCTV footage, video footage taken by members of the public, it is highly likely the determinations that I have made in this inquiry would have been quite different if based solely on officers' accounts,' he said. 'The shooting' Stephens was on electronically-monitored bail, got a variation to allow him to work. By July 14, he had been on bail for 38 days without any breach, yet police had checked him 70 times, which included waking him up 'on numerous occasions'. Despite that, the coroner said Stephens was 'polite and compliant but significantly frustrated by the police actions' and felt they were playing games with him. The day before his death, he consumed 0.1g of meth, before sharing another two 0.1g with his partner that night. Police surround Shargin Stephens. Photo / Supplied The morning of his death, his partner didn't consider him greatly affected by the meth, apart from having limited sleep. He was agitated after having a confrontation with an associate about work, and then ripped off his electronically monitored bracelet before noticing a patrol car drive past his Vaughan Rd home. Stephens threw a gym weight at the car before walking up to it and smashing it multiple times with a slasher. The officer who had been driving the car called in a 10-10 coded emergency about 12.45pm, and Stephens was chased from Vaughan Rd through a mechanics workshop on Marino Rd to Te Ngae Rd. By that point, one officer had tasered him twice, including once in the face, another pepper-sprayed him, and another was prepared to hit Stephens with his patrol car. Despite that, he continued to try to evade officers, who by this point numbered 12, along with three police dogs. Stephens made his way over the first two lanes of Te Ngae Rd and was surrounded by police in the middle of the road. As the officers surrounded him, the probationary officer had been sprinting to catch up with Stephens. The officer then walked through the group as he pointed his rifle at Stephens, getting within 6 to 7 metres. Taser audio captured the words 'put it down' being yelled over a matter of seconds. As an officer yelled, 'put it down, you idiot', and as Stephens made a slight movement towards the officer, he was shot. Emergency services help Shargin Stephens after he was shot by a police officer in Rotorua on July 14, 2016. The coroner noted that multiple officers yelling at the same time 'had little if any prospect of bringing about engagement with Mr Stephens'. 'It was possible he could have survived' In his findings, numbering 209 pages, Coroner Robb agreed with a whānau submission that had Stephens only been shot once, there was a possibility his chances of survival would have increased. The coroner lambasted numerous officers for their actions, or lack of, and poor recall of events that happened right in front of them. 'There was no need for the officer who shot Mr Stephens to advance on Mr Stephens as close as he did, and in the manner he did. 'He positioned himself unnecessarily and dangerously close to Mr Stephens ... [and] led to, rather than prevented, Mr Stephens reacting. 'The actions of the officer accelerated, rather than ...de-escalated the incident.' He said there was also a failure by senior officers to stop the probationary officer from taking charge of the police response. Police on Te Ngae Rd after the shooting of Shargin Stephens in 2016. Photo / File He agreed with an earlier IPCA conclusion that the police's incessant bail checking of Stephens was 'oppressive'. 'He never intended to harm anyone' The coroner found that Stephens never intended to inflict physical harm on anyone when he left his property that day, 'or thereafter'. His actions, holding the slasher above his head before he was shot, were to 'keep officers away from him'. The only time his actions 'could have' been interpreted as 'attempting to strike' was when he stepped toward the probationary officer, after he had advanced within six to seven metres. Coroner Robb found Stephens was 'not under the influence of methamphetamine or suffering from any kind of methamphetamine induced psychotic episode' at the time he was shot. After his interaction with his work colleague that morning, he was already feeling agitated, and agitated 'spontaneously' when the police car drove past on Vaughan Rd. Shargin Atarea Stephens was 35 when he died after being shot by police. 'What was happening ...was likely a combination of sleep deprivation ... frustration, and anger at not being taken to work, frustration and anger at police in part due to the number and manner of their bail checks on him.' His taking of the slasher and wrench was 'unusual behaviour', and he also had a knife in his pocket, but never presented it, and it was only discovered after he'd been shot. 'His behaviour was consistent with angry defiance rather than physical assault.' However, the coroner added that he was behaving aggressively, which required a police response. 'I find his evidence troubling' The coroner took issue with a lot of the evidence given by attending officers, including a trained AOS officer, who couldn't recall the probationary officer moving around in front of him while armed with the rifle at the Birchall and Maunder workshop. 'As a trained and senior AOS officer, being unaware of this probationary officer being in front of him with the rifle and consequently the potential dangers when this was occurring in a business premises ... in his capacity, and with his experience, I find that troubling.' He also noted that none of the 12 officers felt that being armed with an M4 rifle was appropriate for the situation. As for why the probationary officer took it upon himself to grab the rifle, then effectively take charge, and rush in front of all the other officers on Te Ngae Rd was because he 'got himself into an overly elevated state'. Coroner Robb said that despite the myriad of issues borne out of the second phase of the inquest, police held their original position that there was 'essentially nothing that the police had done on the day that could be faulted or ought to have been done differently'. 'Accountability and human dignity' In a statement, Stephens' whānau said they wanted thank the coroners and legal team involved in the process, saying the inquest gave voice to 'the human story behind the headlines'. They also wanted to acknowledge the probationary officer. 'We are now enmeshed as two peoples, forever connected by the loss of two lives: one lost in innocence, the other in death. We hope your path to healing becomes gentler, and that this tragedy may serve as a threshold toward a future filled with possibility and healthy growth.' Stephen's whānau said they wanted 'accountability and human dignity' in police conduct across all avenues of their work. 'We trust that with those pillars to tether to, the tragedy that unfolded for us - and for all the police involved - will serve and assist as a template for true change.' Read the whānau's full statement here: 'Shooting people is an absolute last resort' Bay of Plenty District Commander Superintendent Tim Anderson said Stephens was shot after he threatened officers and members of the public. He said the death has been investigated by police and twice by the IPCA, which found the officer involved was legally justified in shooting Stephens in self-defence to protect both himself and members of the public. Anderson said police acknowledged the coroner's findings and recommendations regarding police policy, practice, and training. 'Police will consider these recommendations but notes that many of the changes recommended had already been implemented following two IPCA reports and internal reviews of the incident over the last nine years. 'There has been significant scrutiny of this event over a period of nearly 10 years, and we will always take any opportunity to improve how we respond, to keep people safe.' Anderson said these kinds of events have a profound effect not only on families, but also police. 'Shooting people is an absolute last resort decision that our staff constantly hope they never have to make. I want to commend the professionalism of our staff who responded to this incident.' He said police officers are committed to protecting life and upholding the law. 'When an officer uses force to protect themselves or others, it is a tactical decision made after risk assessing the threat, the exposure to harm being faced, the necessity to act, and the best response considering all those factors.' Belinda Feek is an Open Justice reporter based in Waikato. She has worked at NZME for 10 years and has been a journalist for 21.
Business Wire
3 days ago
- Business
- Business Wire
Alpha and Omega Semiconductor Reports Financial Results for Fiscal Fourth Quarter and Fiscal Year Ended June 30, 2025
SUNNYVALE, Calif.--(BUSINESS WIRE)--Alpha and Omega Semiconductor Limited ('AOS') (NASDAQ: AOSL) today reported financial results for the fiscal fourth quarter and the fiscal year ended June 30, 2025. The results for the fiscal fourth quarter ended June 30, 2025 were as follows: GAAP Financial Comparison Quarterly (in millions, except percentage and per share data) (unaudited) Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Revenue $ 176.5 $ 164.6 $ 161.3 Gross Margin 23.4 % 21.4 % 25.7 % Operating Loss $ (11.6 ) $ (10.7 ) $ (1.5 ) Net Loss $ (77.1 ) $ (10.8 ) $ (2.7 ) Net Loss Per Share - Diluted $ (2.58 ) $ (0.37 ) $ (0.09 ) Expand Non-GAAP Financial Comparison Quarterly (in millions, except percentage and per share data) (unaudited) Three Months Ended June 30, 2025 March 31, 2025 June 30, 2024 Revenue $ 176.5 $ 164.6 $ 161.3 Non-GAAP Gross Margin 24.4 % 22.5 % 26.4 % Non-GAAP Operating Income (Loss) $ 2.3 $ (2.7 ) $ 3.2 Non-GAAP Net Income (Loss) $ 0.7 $ (2.9 ) $ 2.6 Non-GAAP Net Income (Loss) Per Share - Diluted $ 0.02 $ (0.10 ) $ 0.09 Expand The non-GAAP financial measures in the schedule above and under the section "Financial Results for Fiscal Q4 Ended June 30, 2025" below exclude the effect of share-based compensation expenses, amortization of purchased intangible, settlement and legal costs related to government investigation, equity method investment loss (income) from equity investee, and income tax effect of non-GAAP adjustments in each of the periods presented, as well as gain on change of equity interest in the equity method investment for the three months ended March 31, 2025, and impairment of the equity method investment and impairment of long-lived assets for the three months ended June 30, 2025. A detailed reconciliation of GAAP and non-GAAP financial measures is included at the end of this press release. The results for the fiscal year ended June 30, 2025 and 2024 were as follows: Non-GAAP Financial Comparison Annually (in millions, except percentage and per share data) (unaudited) Year Ended June 30, 2025 2024 Revenue $ 696.2 $ 657.3 Non-GAAP Gross Margin 24.2 % 27.2 % Non-GAAP Operating Income $ 10.4 $ 21.7 Non-GAAP Net Income $ 7.0 $ 18.5 Non-GAAP Net Income Per Share - Diluted $ 0.22 $ 0.62 Expand The non-GAAP financial measures in the schedule above exclude the effect of share-based compensation expenses, amortization of purchased intangible, settlement and legal costs related to government investigation, equity method investment loss from equity investee, and income tax effect of non-GAAP adjustments for fiscal years ended June 30, 2025 and 2024, as well as gain on change of equity interest in the equity method investment, impairment of the equity method investment, and impairment of long-lived assets for the fiscal year ended June 30, 2025. A detailed reconciliation of GAAP and non-GAAP financial measures is included at the end of this press release. Financial Results for Fiscal Q4 Ended June 30, 2025 Revenue was $176.5 million, an increase of 9.4% from the same quarter last year and an increase of 7.2% quarter-over-quarter. GAAP gross margin was 23.4%, down from 25.7% year-over-year and up from 21.4% in the prior quarter. Non-GAAP gross margin was 24.4%, down from 26.4% from the same quarter last year and up from 22.5% in the prior quarter. GAAP operating expenses were $52.9 million, up from $45.8 million in the prior quarter and up from $42.9 million from the same quarter last year. Non-GAAP operating expenses were $40.9 million, up from $39.7 million from last quarter and up from $39.3 million from the same quarter last year. GAAP operating loss was $11.6 million, up from $1.5 million from the same quarter last year and up from $10.7 million in the prior quarter. Non-GAAP operating income was $2.3 million as compared to $3.2 million for the same quarter last year and an operating loss of $2.7 million from last quarter. GAAP net loss per share was $2.58, compared to $0.37 for the prior quarter and $0.09 per share for the same quarter last year. Non-GAAP earnings per share was $0.02, compared to $0.10 net loss per share for the prior quarter and $0.09 net earnings per share for the same quarter last year. Consolidated cash flow used in operating activities was $2.8 million, as compared to $7.4 million of consolidated cash flow provided by operating activities in prior quarter. The Company closed the quarter with $153.1 million of cash and cash equivalents. AOS Chief Executive Officer Stephen Chang commented, 'Our fiscal Q4 results came in at the high-end of our guidance, led by strength in Computing as A.I. and graphics revenue reached record levels, alongside PC-related pull-ins as a result of tariff uncertainties, as well as continued momentum in wearables. These results underscore our ability to execute in a dynamic environment and demonstrate the growing impact of our total solutions strategy across high-performance applications.' Mr. Chang concluded, 'Looking into the September quarter, we anticipate continued growth led by seasonal strength in Communications and steady demand in PCs and wearables. While macroeconomic and geopolitical uncertainties remain, our differentiated technology, broadening product portfolio, and deepening customer relationships position AOS well to deliver long-term growth through increased market share and BOM content across an expanding range of applications and end markets.' Business Outlook for Fiscal Q1 Ending September 30, 2025 The following statements are based on management's current expectations. These statements are forward-looking, and actual results may differ materially. AOS undertakes no obligation to update these statements. Revenue is expected to be $183 million plus or minus $10 million. GAAP gross margin is expected to be 23.8% plus or minus 1%. Non-GAAP gross margin is expected to be 24.4% plus or minus 1%. GAAP operating expenses are expected to be in the range of $47.5 million, plus or minus $1 million. Non-GAAP operating expenses are expected to be in the range of $41.0 million plus or minus $1 million. Interest income is expected to be $0.5 million higher than interest expense, and Tax expense is expected to be in the range of $1.0 million to $1.3 million. Conference Call and Webcast AOS plans to hold an investor teleconference and live webcast to discuss the financial results for the fiscal fourth quarter and the fiscal year ended June 30, 2025 today, August 6, 2025 at 2:00 p.m. PT / 5:00 p.m. ET. To listen to the live conference call, please dial +1 (844) 200-6205 or +1 (929) 526-1599 if dialing from outside the United States and Canada. The access code is 992322. A live webcast of the call will also be available in the "Events & Presentations" section of the Company's investor relations website, The webcast replay will be available for seven days after the live call on the same website. In addition, a copy of the script of management's prepared remarks and a live webcast of the call will also be available in the "Events & Presentations" section of the Company's investor relations website, Forward Looking Statements This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, market trends in the semiconductor industry and growth in calendar year 2025, our ability to outperform market, seasonality of our business, our ability to sustain growth and expand our end markets, macro and geopolitical uncertainties, our projected amount of revenue, gross margin, operating income (loss), income tax expenses, net income (loss), and share-based compensation expenses, non-GAAP gross margin, non-GAAP operating expenses, income tax expenses, our ability to grow our sales, market share and BOM content, and other information under the section entitled 'Business Outlook for Fiscal Q1 Ending September 30, 2025.' Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, the state of semiconductor industry and seasonality of our markets; decline of PC markets; our lack of control over the joint venture in China; difficulties and challenges in executing our diversification strategy into different market segments; ordering pattern from distributors and seasonality; changes in regulatory environment, including tariff and trade policies; our ability to introduce or develop new and enhanced products that achieve market acceptance; government policies on our business operations in China; the actual product performance in volume production; the quality and reliability of our product, our ability to achieve design wins; the general business and economic conditions; our ability to maintain factory utilization at a desirable level; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2025 to be filed by AOS with the SEC and other periodic reports we filed with the SEC. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and AOS undertakes no duty to update such information, except as required under applicable law. Use of Non-GAAP Financial Measures To supplement our unaudited consolidated financial statements presented on a basis consistent with U.S. GAAP, we disclose certain non-GAAP financial measures for our historical performance, including non-GAAP gross profit, gross margin, operating expenses, operating income (loss), net income (loss), diluted earnings per share ('EPS') and EBITDAS. These supplemental measures exclude, among other items, share-based compensation expenses, legal and professional fees related to government investigation, amortization of purchased intangible, impairment of long-lived assets, gain on change of the equity interest in the JV Company, impairment on equity investment, income tax effect of non-GAAP adjustments and equity method investment loss (income) from equity investee. We also disclose certain non-GAAP financial measures in our financial guidance for the next quarter, including non-GAAP gross margin and non-GAAP operating expenses. We believe that these historical and forward-looking non-GAAP financial measures provide useful information to both management and investors by excluding certain items and expenses that are not indicative of our core operating results or do not reflect our normal business operations. In addition, our management uses non-GAAP measures to compare our performance relative to forecasts and to benchmark our performance externally against competitors. Our use of non-GAAP financial measures has certain limitations in that such non-GAAP financial measures may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as non-GAAP net income (loss) or non-GAAP operating expenses, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. In addition, we included the amount of income tax effect of non-GAAP adjustments in the non-GAAP net income (loss) reconciliation table for all periods presented as management believes that such non-GAAP presentation provides useful information to investors, even though the amounts are not significant. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable U.S. GAAP measures both in the text in this press release and in the tables attached hereto. Investors are encouraged to review the related U.S. GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP financial measures. About Alpha and Omega Semiconductor Alpha and Omega Semiconductor Limited, or AOS, is a designer, developer, and global supplier of a broad range of discrete power devices, wide bandgap power devices, power management ICs, and modules, including a wide portfolio of Power MOSFET, SiC, IGBT, IPM, TVS, HV Gate Drivers, Power IC, and Digital Power products. AOS has developed extensive intellectual property and technical knowledge that encompasses the latest advancements in the power semiconductor industry, which enables us to introduce innovative products to address the increasingly complex power requirements of advanced electronics. AOS differentiates itself by integrating its Discrete and IC semiconductor process technology, product design, and advanced packaging know-how to develop high-performance power management solutions. AOS' portfolio of products targets high-volume applications, including personal computers, graphics cards, data centers, AI servers, smartphones, consumer and industrial motor controls, TVs, lighting, automotive electronics, and power supply units for various equipment. For more information, please visit The following unaudited consolidated financial statements are prepared in accordance with U.S. GAAP. Alpha and Omega Semiconductor Limited Condensed Consolidated Balance Sheets (in thousands, except par value per share) (unaudited) June 30, 2025 ASSETS Current assets: Cash and cash equivalents $ 153,079 $ 175,127 Restricted cash 419 413 Accounts receivable, net 34,772 12,546 Inventories 189,677 195,750 Other current assets 16,604 14,165 Total current assets 394,551 398,001 Property, plant and equipment, net 314,097 336,619 Operating lease right-of-use assets, net 21,288 25,050 Intangible assets, net 269 3,516 Equity method investment 279,122 356,039 Deferred income tax assets 599 549 Other long-term assets 22,766 25,239 Total assets $ 1,032,692 $ 1,145,013 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 60,044 $ 45,084 Accrued liabilities 57,416 72,371 Payable related to equity investee, net 15,809 13,682 Income taxes payable 1,790 2,798 Short-term debt 11,852 11,635 Deferred revenue — 2,591 Finance lease liabilities 1,007 935 Operating lease liabilities 4,978 5,137 Total current liabilities 152,896 154,233 Long-term debt 14,872 26,724 Income taxes payable - long-term 4,201 3,591 Deferred income tax liabilities 13,192 26,416 Finance lease liabilities - long-term 1,274 2,282 Operating lease liabilities - long-term 16,925 20,499 Other long-term liabilities 7,000 19,661 Total liabilities 210,360 253,406 Commitments and contingencies Shareholders' Equity: Preferred shares, par value $0.002 per share: Authorized: 10,000 shares; issued and outstanding: none at June 30, 2025 and 2024 — — Common shares, par value $0.002 per share: Authorized: 100,000 shares; issued and outstanding: 37,127 shares and 30,009 shares, respectively at June 30, 2025 and 36,107 shares and 28,969 shares, respectively at June 30, 2024 74 72 Treasury shares at cost; 7,118 shares at June 30, 2025 and 7,138 shares at June 30, 2024 (79,058 ) (79,213 ) Additional paid-in capital 379,779 353,109 Accumulated other comprehensive loss (12,390 ) (13,419 ) Retained earnings 533,927 631,058 Total shareholders' equity 822,332 891,607 Total liabilities and shareholders' equity $ 1,032,692 $ 1,145,013 Expand Alpha and Omega Semiconductor Limited Selected Cash Flow Information (in thousands) (unaudited) Fiscal Year Ended June 30, 2025 2024 Net cash provided by operating activities $ 29,668 $ 25,710 Net cash used in investing activities (36,441 ) (35,744 ) Net cash used in financing activities (15,496 ) (9,903 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 227 (126 ) Net decrease in cash, cash equivalents and restricted cash (22,042 ) (20,063 ) Cash, cash equivalents and restricted cash at beginning of year 175,540 195,603 Cash, cash equivalents and restricted cash at end of year $ 153,498 $ 175,540 Expand Alpha and Omega Semiconductor Limited (in thousands, except percentages and per share data) (unaudited) Three Months Ended Fiscal Year Ended June 30, 2025 March 31, 2025 June 30, 2024 June 30, 2025 June 30, 2024 GAAP gross profit $ 41,290 $ 35,177 $ 41,437 $ 161,004 $ 171,918 Share-based compensation 1,039 1,047 294 4,224 3,434 Amortization of purchased intangible 811 812 812 3,247 3,247 Non-GAAP gross profit $ 43,140 $ 37,036 $ 42,543 $ 168,475 $ 178,599 Non-GAAP gross margin as a % of revenue 24.4 % 22.5 % 26.4 % 24.2 % 27.2 % GAAP operating expense $ 52,908 $ 45,835 $ 42,936 $ 189,440 $ 175,674 Share-based compensation 6,542 6,089 3,273 25,345 18,207 Settlement and legal costs related to government investigation 4,461 54 352 4,977 524 Impairment of long-lived assets 1,045 — — 1,045 — Non-GAAP operating expense $ 40,860 $ 39,692 $ 39,311 $ 158,073 $ 156,943 GAAP operating loss $ (11,618 ) $ (10,658 ) $ (1,499 ) $ (28,436 ) $ (3,756 ) Share-based compensation 7,581 7,136 3,567 29,569 21,641 Amortization of purchased intangible 811 812 812 3,247 3,247 Settlement and legal costs related to government investigation 4,461 54 352 4,977 524 Impairment of long-lived assets 1,045 — — 1,045 — Non-GAAP operating income (loss) $ 2,280 $ (2,656 ) $ 3,232 $ 10,402 $ 21,656 Non-GAAP operating margin as a % of revenue 1.3 % (1.6 )% 2.0 % 1.5 % 3.3 % GAAP net loss $ (77,059 ) $ (10,807 ) $ (2,732 ) $ (96,976 ) $ (11,081 ) Share-based compensation 7,581 7,136 3,567 29,569 21,641 Amortization of purchased intangible 811 812 812 3,247 3,247 Gain on change of equity interest in equity method investment — (505 ) — (505 ) — Equity method investment loss (gain) from equity investee (302 ) 260 704 1,526 4,789 Settlement and legal costs related to government investigation 4,461 54 352 4,977 524 Impairment of equity method investment 76,784 — — 76,784 — Impairment of long-lived assets 1,045 — — 1,045 — Income tax effect of non-GAAP adjustments (12,584 ) 148 (78 ) (12,670 ) (627 ) Non-GAAP net income (loss) $ 737 $ (2,902 ) $ 2,625 $ 6,997 $ 18,493 Non-GAAP net margin as a % of revenue 0.4 % (1.8 )% 1.6 % 1.0 % 2.8 % GAAP net loss $ (77,059 ) $ (10,807 ) $ (2,732 ) $ (96,976 ) $ (11,081 ) Share-based compensation 7,581 7,136 3,567 29,569 21,641 Amortization and depreciation 15,447 18,259 13,908 62,396 53,757 Equity method investment loss (gain) from equity investee (302 ) 260 704 1,526 4,789 Impairment of equity method investment 76,784 — — 76,784 Interest income (956 ) (927 ) (1,295 ) (4,283 ) (5,168 ) Interest expense 530 596 883 2,639 3,982 Income tax expense (benefit) (11,567 ) 660 1,006 (8,625 ) 3,649 EBITDAS $ 10,458 $ 15,177 $ 16,041 $ 63,030 $ 71,569 GAAP diluted net loss per share $ (2.49 ) $ (0.37 ) $ (0.09 ) $ (3.10 ) $ (0.37 ) Share-based compensation 0.25 0.24 0.12 0.95 0.72 Amortization of purchased intangible 0.03 0.03 0.03 0.10 0.11 Gain on change of equity interest in equity method investment — (0.02 ) — (0.02 ) — Equity method investment loss (gain) from equity investee (0.01 ) 0.01 0.02 0.05 0.16 Settlement and legal costs related to government investigation 0.14 0.00 0.01 0.16 0.02 Impairment of equity method investment 2.48 — — 2.46 — Impairment of long-lived assets 0.03 — — 0.03 — Income tax effect of non-GAAP adjustments (0.41 ) 0.01 (0.00 ) (0.41 ) (0.02 ) Non-GAAP diluted net income (loss) per share $ 0.02 $ (0.10 ) $ 0.09 $ 0.22 $ 0.62 Weighted average number of common shares used to compute GAAP diluted net income (loss) per share 29,924 29,530 28,879 29,405 28,236 Weighted average number of common shares used to compute Non-GAAP diluted net income (loss) per share 31,009 29,530 30,463 31,239 30,052 Expand Alpha and Omega Semiconductor Limited Reconciliation of GAAP to Non-GAAP Outlook For Fiscal Q1 Ending September 30, 2025 (in millions, except percentages) GAAP gross margin 23.8 % Estimated impact of share-based compensation expense 0.6 % Non-GAAP gross margin 24.4 % GAAP operating expenses $ 47.5 Estimated stock-based compensation expense (6.5 ) Non-GAAP operating expenses $ 41.0 Expand
The Sun
30-07-2025
- Automotive
- The Sun
Art of Speed 2025 ignites Serdang with international flair and local passion
THE 14th edition of Art of Speed (AOS 2025) thundered into the Malaysia Agro Exposition Park Serdang (MAEPS) from 26 to 27 July, captivating thousands of automotive enthusiasts and reaffirming its place as Malaysia's definitive celebration of custom culture. This year's event offered more than just a car show; it delivered a full-spectrum lifestyle experience, infused with international energy and homegrown talent. Global Icons in Attendance This year's AOS drew renowned guests from around the globe, lending weight to its growing international stature. Among them were Shige Suganuma and Hiro 'Wildman' Ishii from Japan's legendary MOONEYES, Hot Wheels designer Brendon Vetuskey from the United States, and motorcycle builder Yuichi Yoshizawa from Custom Works Zon, Japan. Notable contributors also included Australia's Mark Hawwa of The Distinguished Gentleman's Ride, Indonesia's SixtySick Paintlab collective, and prominent media partners like Pipeburn, Vibes Magazine, and 645 Magazine. A New Gateway into Speed Culture Visitors were greeted by a reimagined AOS gateway, an all-LED display that lit up the venue with vivid animations and set the stage for the weekend's high-octane festivities. It quickly became a social media sensation and symbolised AOS's bold evolution while preserving its grassroots ethos. Celebrating Automotive Unity Across Borders The 'Beetle Battle' programme, led by Denny Kusumah of the Volkswagen Beetle Club Indonesia, served as a shining example of international camaraderie, showcasing Beetles from various Southeast Asian nations and strengthening regional friendships through automotive passion. Small-Scale Legends with Hot Wheels In Hall C, the 3rd Official Hot Wheels Collectors Convention Malaysia offered a haven for die-cast collectors. Activities included a rare collectables exhibition, a swap-and-sell marketplace, custom competitions, and the unveiling of Southeast Asia's first left- and right-facing pair of convention cars, with design insights provided by Brendon Vetuskey himself. Festival of Movement, Music and Machines AOS 2025 also featured large-scale gatherings from clubs such as Alfa Romeo Owners Club Malaysia (AROCM), Porsche Owners Club, and local K-Car communities. Two-wheeled culture was on full display at Roda Rumble 2025, supported by Retro Mania, while food lovers enjoyed open-air dining at Medan Selera and coffee delights at Payung Kopi. The ever-popular Moto4Sale brought the motorcycle marketplace into the heart of the event, complemented by outdoor test rides from major brands including Royal Enfield, Vespa, and Triumph. SoundCircus Electrifies Hall A Music took centre stage at the SoundCircus Takeover in Hall A, where diverse acts such as Noh Salleh & Restore Iboe, Ruffedge, and Romantic Echoes led a vibrant lineup. Up-and-coming performers like Iqbal M, Chronicalz, and Langkawi Dub Club SoundSystem added fresh energy, transforming the space into a pulsating arena of rhythm and rebellion. Road to Yokohama: AOS Champions Invited to Japan The pinnacle accolade—Best of Show—was awarded to Shaun Pinto's 1965 Volkswagen Beetle and Omar Jumiran's Honda CB 175cc 'Eastern Bobber' motorcycle. Both winners earned invitations as Guests of Honour to the prestigious 33rd Annual MOONEYES Yokohama Hot Rod Custom Show 2025. Top Honours and Special Picks Awards spanned a wide range of categories, recognising exceptional craftsmanship, creativity, and presentation. Among the standout winners were: Best Marketplace: Abah & Sons Best Display Car: Toyota Hilux (Nedree) Best Display Motorcycle: Harley-Davidson Shovelhead by Mutohead Best of Lowrider: Ubai (12″–20″ class), Izzat (24″+ class) Best Paint: Mitsubishi Evo9 Wagon by Pok Him Best JDM Pre-1998: Hakosuka by Amin Best of VW Air-Cooled: Shaun Pinto Best Livery Design: Imran BK Auto Art (Merc W123) Best Fabrication: Chevy Kitty (Bangkok) Motorcycle Glory The motorcycle segment celebrated a diverse array of builds, from choppers and café racers to scooters and retro Japanese bikes. Noteworthy winners included: Best of Chopper Above 401cc: Mutohead (Shedi) Best of Café Racer Below 400cc: Shahnaz Faqeha Best of Scooter Fever – Modern: Bike Empire 96 Best Tank Design: Din Cheaptrills Best Livery Design: Carazee Artwork Partner Picks and Industry Acknowledgement Major partners and brands such as Mattel, Harley-Davidson Malaysia, Royal Enfield, Petronas Lubricants, and IGL Coatings also presented their own curated awards, recognising vehicles and individuals that exemplified excellence in engineering, styling, and innovation. Notable picks included: Isuzu MUX by Brighten Performance (Mattel) Liberty Walk Silvia (No Equal) GTR 42 Hakosuka (IGL Coatings) VW Beetle by Shaun Pinto (Tarmac Works) Harley Hausboom (Harley-Davidson Malaysia) Future-Forward with Heritage at Heart Art of Speed 2025 proved once more that Malaysian custom culture is not only thriving—it's evolving. With expanded global participation, next-level creativity, and a bold spirit of unity, AOS continues to inspire a new generation of builders, collectors, and dreamers. Whether through lowriders or lambrettas, soundscapes or showcars, AOS remains the beating heart of Southeast Asia's automotive subculture.
Rakyat Post
30-07-2025
- Automotive
- Rakyat Post
The 14th Annual Art Of Speed Was A Blast! Thousands Of Motorheads Flocked To MAEPS Serdang
Subscribe to our FREE The ultimate annual custom motor show in Malaysia continues to be a success as throngs of fans and auto enthusiasts converged at MAEPS Serdang last weekend. It was two days of beautiful cars and motorcycles, music, food, thrifting, Hot Wheels, and more at the 14th edition of Art Of Speed (AOS). Staying true to its roots, AOS featured not only auto masterpieces by Malaysian builders but also custom works by talented individuals from all over the world. Hall A: The main event where all custom cars and bikes are displayed As regular attendees of AOS, we at TRP were most excited to check out Hall A first where all the wild customised vehicles were displayed. Almost every category of cars, vans, trucks, and motorcycles both classic and modern were placed all around the hall for visitors to ogle over. From K-Cars to 4×4 pickup trucks to choppers and café racers, there was something for every automotive fan and enthusiast to see here. The custom machines in this hall are not just for display. They're all also part of the Best of Show contest where the winner gets to fly to Japan to attend the 33rd Annual MOONEYES Yokohama Hot Rod Custom Show 2025 as guests of honour. The hall was also packed with both local and international artisans who brought their goods and services to AOS. Visitors could bring home special and rare souvenirs such as keychains, stickers, leather goods, t-shirts and helmets. Those who rode to AOS with their buddies (like we did) could get their helmets painted on the spot by talented free-hand artists. Music fans were also treated to some of the best local acts like Noh Salleh & Restore Iboe, Ruffedge, Luqman Podolski, Romantic Echoes, and many more, turning Hall A into a sonic playground. Hall C: A haven for Hot Wheels fans and collectors In Malaysia, Hot Wheels has fans of all ages, from children to adults — and AOS has never sidelined this community, proudly hosting the Hot Wheels Collectors Convention Malaysia (HWCCM), now in its third edition. This year, HWCCM took placed in Hall C in MAEPS, featuring a wide range of exciting activities for die-cast enthusiasts and collectors alike. The atmosphere is lively with events like the Hot Wheels Activity Zone, Rare & Collectible Hot Wheels Exhibition, and the ever-popular Swap, Buy & Sell area. If you're not careful, your wallet might take a hit — it's that tempting! AOS 2025 also made history by launching Southeast Asia's first-ever 'Left & Right' convention edition car, made even more special with the presence of Hot Wheels product designer, Brendon Vetuskey! Hall D: The ultimate streetwear and vintage clothes hunting grounds Any streetwear or vintage lovers here? If you are, then you seriously missed out if you weren't at AOS 2025 — because Hall D was dedicated just for you. We were inside Hall D and couldn't help but be tempted by all the streetwear pieces from well-known and hard-to-find brands like High Cultured, Midnight Monkey, Yi Fuku, Crack The Box, and many more. For those who love thrifted fashion, you're in for a treat too — there's a huge variety of shirts, pants, and shoes to dig through to your heart's content. Although AOS is all wrapped up for 2025, we're hopeful that they'll be back in 2026 to bring even more electrifying custom machines next year. There will be more than enough time to get ready for the next one, motorheads. So until then, follow AOS on Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Yahoo
21-07-2025
- Business
- Yahoo
A. O. Smith Set to Report Q2 Earnings: Is a Beat in Store?
A. O. Smith Corporation AOS is scheduled to release second-quarter 2025 results on July 24, before market Zacks Consensus Estimate for A. O. Smith's second-quarter earnings has increased 1% in the past 60 days. The company beat estimates once, missed twice and matched once in the trailing four quarters. The average surprise was at the break-even Zacks Consensus Estimate for the company's revenues is pegged at $987.3 million, indicating a decline of 3.6% from the prior-year quarter's figure. The consensus estimate for adjusted earnings is pinned at 97 cents per share, indicating an 8.4% decline from the year-ago quarter's number. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Let's see how things have shaped up for A. O. Smith this earnings season. Factors to Note Ahead of AOS' Results A. O. Smith's North-American segment is expected to have benefited from strong demand for commercial boilers and water treatment products, supported by its robust direct and retail selling channels in the second quarter. However, softness in the residential and commercial water heater industry is expected to weigh on its results. We expect revenues from the company's North-American segment to decline 3.4% year over year to $764 million in the second ongoing challenges in the Chinese real estate market have remained a concern for A. O. Smith. Lower volumes of residential water treatment and gas water heating products in the region are likely to have been a spoilsport for the Rest of World segment's top line. Our estimate for the segment's revenues is pegged at $234 million, suggesting a decline of 4.5% from the year-ago time, A. O. Smith's performance has been negatively impacted by high costs and expenses. Although supply-chain constraints moderated, labor shortage and an increase in material costs are likely to have played acquisitions made by the company are likely to have impacted its top line positively. For instance, in November 2024, the company acquired the Pureit business from Unilever. The inclusion of Pureit's expertise in water treatment solutions, coupled with its strong brand recognition, enabled AOS to expand its customer offerings and boost its position in the water treatment industry in India. Also, in March 2024, it acquired privately held water treatment company Impact Water Products, which expanded its water treatment footprint in North America. The acquired company is also likely to have boosted the performance of the North America segment. A. O. Smith Corporation Price and EPS Surprise A. O. Smith Corporation price-eps-surprise | A. O. Smith Corporation Quote Earnings Whispers Our proven model suggests an earnings beat for AOS this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as elaborated ESP: A. O. Smith has an Earnings ESP of +4.48% as the Most Accurate Estimate is pegged at $1.01 per share, which is higher than the Zacks Consensus Estimate of 97 cents. You can uncover the best stocks before they're reported with our Earnings ESP Rank: A. O. Smith currently carries a Zacks Rank of 3. Other Stocks With the Favorable Combination Here are a few other companies, which according to our model, have the right combination to beat on earnings this reporting cycle:Emerson Electric Co. EMR has an Earnings ESP of +0.46% and a Zacks Rank of 3 at present. You can see the complete list of today's Zacks #1 Rank stocks company is scheduled to release third-quarter fiscal 2025 results on Aug. 6. EMR's earnings surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 3.4%.Eaton Corporation plc ETN has an Earnings ESP of +0.39% and a Zacks Rank of 3 at present. The company is slated to release second-quarter results on Aug. earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 1.9%.Atmus Filtration Technologies Inc. ATMU has an Earnings ESP of +9.64% and a Zacks Rank of 2 at present. The company is slated to release its second-quarter 2025 results on Aug. delivered an average earnings surprise of 14% in the last four quarters, while beating estimates in each of the quarters. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emerson Electric Co. (EMR) : Free Stock Analysis Report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Atmus Filtration Technologies Inc. (ATMU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
