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Alpha & Omega Semiconductor fiscal Q3 loss narrows YOY

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Alpha & Omega Semiconductor fiscal Q3 loss narrows YOY

Alpha and Omega Semiconductor Ltd. said its normalized net income for the fiscal third quarter ended March 31 came to a loss of $27,500, compared with a loss of $2.1 million in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to negative 0.0% from negative 2.8% in the year-earlier period.

Total revenue rose 7.9% year over year to $83.0 million from $76.9 million, and total operating expenses climbed from the prior-year period to $83.0 million from $80.3 million.

Reported net income came to a loss of $1.3 million, or a loss of 6 cents per share, compared to a loss of $4.2 million, or a loss of 16 cents per share, in the year-earlier period.