KULICKE & SOFFA INDUSTRIES INC

Listed Company

KLICCIK 0000056978NasdaqLarge AcceleratedSemiconductors & Related DevicesPennsylvaniaFY ends Oct 3

Period

FY 2025

Revenue

$654.08M

Net Income

$213.0K

Total Assets

$1.10B

Equity

$821.49M

Shares Out

52.33M

Op. Cash Flow

$113.56M

Business

Kulicke & Soffa Industries Inc. is a global provider of semiconductor assembly technology that designs, develops, manufactures and sells capital equipment, consumables and services for device assembly. It offers ball bonders, wedge bonders, advanced packaging and dispensing systems, tools, capillaries, bonding wedges, consumables and aftermarket services including maintenance, repair and upgrades. The company organizes operations into equipment product lines (ball bonding, wedge bonding, advanced solutions) and an Aftermarket Products and Services segment. It sells primarily to IDMs, OSATs, foundries and electronics and automotive suppliers through direct sales, agents, distributors and regional support centers worldwide.

Summary from filing dated 2025-11-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Net revenue	654	706	742	1,504	1,518
Cost of sales	376	437	384	755	821
Gross profit	278	269	359	748	697
Selling, general and administrative	168	166	153	140	147
Research and development	150	151	145	137	137
Gain relating to cessation of business	−76	0	0	—	—
Impairment charges	40	44	22	1	0
Operating expenses	281	361	319	278	285
(Loss) / Income from operations	−3	−92	39	470	412
Interest income	24	34	33	7	2
Interest expense	−134,000	−89,000	−142,000	−208,000	—
Income / (Loss) before income taxes	20	−58	72	477	415
Provision for income taxes	20	11	15	43	47
Net income / (loss)	213,000	−69	57	434	367
Basic (in dollars per share)	0	−1.24	1.01	7.21	5.92
Diluted (in dollars per share)	0	−1.24	0.99	7.09	5.78
Basic (in shares)	53	56	57	60	62
Diluted (in shares)	53	56	58	61	64

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	216	227	529	556	363
Short-term investments	295	350	230	220	377
Accounts and other receivable, net of allowance for doubtful accounts of $ - and $49, respectively	184	194	159	309	421
Inventories, net	160	178	217	185	167
Prepaid expenses and other current assets	47	46	54	62	24
Total current assets	902	995	1,189	1,332	1,352
Property, plant and equipment, net	59	65	110	81	68
Operating right-of-use assets	32	36	47	42	42
Goodwill	70	90	89	68	73
Intangible assets, net	6	25	29	32	43
Deferred tax assets	16	18	32	26	16
Equity investments	7	3	716,000	5	6
Investment in debt securities	10	0	—	—	—
Other assets	3	8	3	3	2
TOTAL ASSETS	1,104	1,240	1,500	1,589	1,602
Accounts payable	57	59	49	67	155
Operating lease liabilities	6	8	7	7	5
Accrued expenses and other current liabilities	98	91	103	135	162
Income taxes payable	27	26	23	40	31
Total current liabilities	188	184	182	249	352
Deferred tax liabilities	36	35	—	—	—
Income taxes payable	17	31	53	65	69
Operating lease liabilities	32	33	42	35	38
Other liabilities	10	13	12	12	14
TOTAL LIABILITIES	283	296	325	394	506
Commitments and contingent liabilities (Note 16)	—	—	—	—	—
Preferred Stock, Shares Authorized (in shares)	5	5	5	5	5
Common Stock, Shares, Outstanding (in shares)	52	54	56	57	62
Common Stock, Shares, Issued (in shares)	85	85	85	85	85
Common Stock, Shares Authorized (in shares)	200	200	200	200	200
Preferred stock, without par value: Authorized 5,000 shares; issued - none	0	0	0	0	0
Common stock, without par value: Authorized 200,000 shares; issued 85,364 and 85,364, respectively; outstanding 51,920 and 53,854 shares, respectively	620	597	578	562	550
Treasury stock, at cost, 33,444 and 31,510 shares, respectively	−974	−882	−737	−676	−400
Retained earnings	1,200	1,243	1,356	1,342	949
Accumulated other comprehensive loss	−24	−13	−22	−33	−3
TOTAL SHAREHOLDERS' EQUITY	821	944	1,175	1,195	1,095
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,104	1,240	1,500	1,589	1,602

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	18	25	29	21	20
Equity-based compensation	29	27	23	—	—
Adjustment for doubtful accounts	−49,000	0	49,000	−245,000	−248,000
Adjustment for inventory valuation	45	70	5	−3	−3
Deferred taxes	3	11	−4	−9	−10
(Gain) Loss disposal of property, plant and equipment	−196,000	72,000	−499,000	−253,000	259,000
(Gain) Loss on disposal of a subsidiary	−3	0	0	—	—
Unrealized fair value changes on equity investment	−959,000	−47,000	323,000	0	0
Unrealized foreign currency transactions	−8	2	85,000	−7	−378,000
Accounts and other receivable	10	−35	153	113	−222
Inventories	−26	−32	−36	−15	−53
Prepaid expenses and other current assets	−2	9	9	−38	−5
Accounts payable, accrued expenses and other current liabilities	24	185,000	−52	—	—
Income taxes payable	−14	−18	−29	5	8
Other, net	−205,000	−5	−1	−3	1
Net cash provided by operating activities	114	31	173	390	300
Acquisition of business	0	0	−37	—	—
Disposal of a subsidiary, net of cash disposed of	3	0	0	—	—
Purchases of property, plant and equipment	−17	−16	−44	−23	−23
Proceeds from sales of property, plant and equipment	207,000	27,000	591,000	181,000	291,000
Investment in private equity fund	−3	−2	−642,000	—	—
Investment in debt securities	−10	0	0	—	—
Purchase of short-term investments	−585	−690	−595	−469	−507
Maturity of short-term investments	640	570	585	—	—
Net cash provided by (used in) investing activities	28	−139	−91	134	−82
Payment for finance lease	−412,000	−564,000	−629,000	−509,000	−379,000
Repurchase of common stock/treasury stock	−97	−151	−69	−281	−10
Payments related to tax on vested equity compensation	−334,000	−583,000	0	—	—
Payment of excise tax for share repurchases	−1	0	0	0	—
Common stock cash dividends paid	−54	−44	−42	—	—
Net cash used in financing activities	−153	−196	−112	−321	−44
Effect of exchange rate changes on cash and cash equivalents	405,000	1	4	—	—
Changes in cash and cash equivalents	−11	−302	−26	193	175
Property, plant and equipment included in accounts payable and accrued expenses	0	0	3	—	—
Lease liabilities arising from obtaining right-of-use assets	6	0	0	—	—
Interest	134,000	89,000	142,000	208,000	218,000
Income taxes, net of refunds	24	23	56	—	—

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