Lattice Semiconductor Reports Fourth Quarter and Full Year 2017 Results

PORTLAND, Ore, Feb. 13, 2018 – Fourth Quarter 2017 Financial Highlights*:

• Revenue of $95.3 million.
• On a GAAP basis, net loss of $7.2 million or $0.06 per basic and diluted share.
• On a Non-GAAP basis, net income of $1.0 million or $0.01 per basic and diluted share.
• Gross margin of 53.8% on a GAAP basis and 54.0% on a non-GAAP basis.

Full Year 2017 Financial Highlights*:

• Revenue of $386.0 million.
• On a GAAP basis, net loss of $70.6 million or $0.58 per basic and diluted share.
• On a Non-GAAP basis, net income of $13.6 million or $0.11 per basic and diluted share.
• Gross margin of 56.1% on a GAAP basis and 56.3% on a non-GAAP basis.

* 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. For a reconciliation of GAAP to non-GAAP results, see accompanying tables "Reconciliation of U.S. GAAP to Non-GAAP Financial Measures." Click here to read more ...