Allegro MicroSystems, Inc(NASDAQ:ALGM) 
Allegro MicroSystems, Inc. designs, develops, manufactures, and markets sensor ICs and application-specific analog power ICs for motion control and energy-efficient systems in automotive and industrial markets. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs...
Website: https://www.allegromicro.com/
Founded: 1990
CEO: Ravi Vig
Sector: Technology
Industry: Semiconductors
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At a glance:
- Automotive End-Market Remains the Core Growth Driver: Allegro MicroSystems is heavily levered to automotive semiconductor demand, particularly for power and sensing applications tied to electrification and advanced driver assistance systems.
- Industrial & Automation Provide Diversification, but Can Be More Cyclical: Beyond autos, Allegro serves industrial, automation, and other end markets that can add growth and balance, though demand may fluctuate with broader manufacturing cycles.
- Strength in Power & Magnetic Sensing Portfolio: The company’s focus on power management ICs and magnetic sensor solutions positions it for content gains in EV inverters, motor control, battery management, and current sensing.
- Margin and Inventory Dynamics Are Key Near-Term Watch Items: Like many analog/mixed-signal chip suppliers, Allegro’s near-term performance can be influenced by customer inventory digestion, product mix, and pricing/margin normalization.
- Execution on New Design Wins and Long Automotive Program Cycles Matters: Sustained growth depends on converting design wins into production ramps, with auto program timelines that can be long but typically offer durable, multi-year revenue streams once embedded.
Bull Thesis:
- Dominant Position in High-Growth Automotive Electrification and ADAS: Allegro's specialized sensor and power ICs are essential components for electric vehicles (EVs, HEVs) and advanced driver-assistance systems (ADAS). The company is well-positioned to benefit from the secular shift towards vehicle electrification and automation, leading to increased content per vehicle and sustained demand.
- Expanding Reach and Content in Industrial and Data Center Markets: Beyond its strong automotive presence, Allegro is successfully penetrating industrial automation, robotics, and data center power management markets. This diversification leverages its core sensor and power expertise to capture new growth opportunities and reduce reliance on a single sector.
- Proprietary Technology and Strong IP Portfolio: Allegro possesses a robust portfolio of proprietary sensor and power IC technologies and patents. This intellectual property creates a competitive moat, enables high-performance solutions, and supports strong pricing power and healthy gross margins in its target markets.
- Consistent Revenue Growth and Margin Expansion: Allegro has demonstrated a track record of consistent revenue growth, driven by strong demand in its key end markets. This growth, coupled with improving gross and operating margins due to product mix optimization, operational efficiencies, and pricing power, indicates strong financial execution.
- Resilient Fab-Lite Manufacturing Strategy: Allegro's hybrid manufacturing model, combining internal wafer fabrication with external foundry partners, provides flexibility, cost efficiency, and supply chain resilience. This strategy allows the company to adapt to market demands, optimize production, and manage capital expenditures effectively.
Bear Thesis:
- High Concentration Risk in the Automotive Sector: A significant portion of Allegro's revenue is derived from the automotive industry. This concentration makes the company highly susceptible to cyclical downturns in vehicle production, supply chain disruptions affecting auto OEMs, or shifts in automotive technology adoption rates that could impact demand.
- Intense Competition and Potential Pricing Pressure: Allegro operates in a highly competitive semiconductor market, facing established larger players and emerging competitors. This intense competition could lead to pricing pressure, impacting gross margins and market share, especially in more commoditized product areas or during periods of oversupply.
- Vulnerability to Macroeconomic Slowdowns: Demand for Allegro's products, particularly in the automotive and industrial sectors, is sensitive to overall economic conditions. A significant global or regional economic slowdown could lead to reduced capital expenditures by industrial customers and lower consumer spending on vehicles, impacting order volumes and revenue.
- Ongoing Supply Chain Volatility and Rising Input Costs: Despite a diversified manufacturing strategy, Allegro remains exposed to potential disruptions in the broader semiconductor supply chain. This includes risks of component shortages, capacity constraints at foundries, and rising raw material or manufacturing costs, which could impact production, delivery times, and profitability.
- High R&D Investment Requirements to Maintain Competitiveness: To stay ahead in rapidly evolving markets like automotive electrification and ADAS, Allegro must continuously invest heavily in research and development. Failure to innovate effectively or if new product introductions do not gain sufficient market traction could lead to declining market share and profitability, weighing on future earnings.
Main Competitors:
- Texas Instruments (TI) ($TXN) (Analog ICs, Power Management, Motor Drivers), Competes directly with Allegro in a wide range of analog and mixed-signal products, including power management ICs, motor drivers, and current sense amplifiers for automotive, industrial, and consumer markets. TI's vast portfolio, manufacturing scale, and broad customer base are significant competitive factors.
- Infineon Technologies AG ($IFNNY) (Power Semiconductors, Microcontrollers, Sensors), A major competitor in automotive and industrial semiconductors, offering strong solutions in power management, motor control ICs (especially BLDC drivers), and magnetic sensors. Infineon's deep focus on these key markets and its strong position in power electronics directly overlaps with Allegro's core business.
- STMicroelectronics (STM) ($STM) (Motor Drivers, Power Management ICs, Sensors), Competes with Allegro in motor driver ICs (stepper, BLDC), power management solutions, and magnetic sensors for automotive, industrial, and consumer applications. ST's broad product offering, strong market presence, and integrated solutions provide significant competition.
- Analog Devices (ADI) ($ADI) (Precision Analog, Power Management, Magnetic Sensors), Competes in high-performance analog, including current sensing, power management ICs, and some magnetic sensing technologies (e.g., AMR/GMR), particularly in industrial and automotive applications where precision, reliability, and signal integrity are critical.
Moat:
Allegro MicroSystems operates in a highly competitive semiconductor market. Its primary moat lies in its deep expertise and intellectual property in high-performance magnetic sensing (Hall-effect technology) and motor control solutions, particularly for demanding automotive and industrial applications. Allegro's application-specific ICs (ASICs) often integrate multiple functions, offering compact, reliable, and highly optimized solutions. However, it faces intense competition from larger, diversified semiconductor companies like Texas Instruments, Infineon, STMicroelectronics, and Analog Devices. These competitors possess greater R&D budgets, broader product portfolios, and often larger manufacturing scale, enabling them to offer integrated solutions or bundle products, which can challenge Allegro on price, breadth of offering, and time-to-market. Allegro differentiates itself through specialized performance, quality, and strong customer relationships in its niche markets.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-27 | 2025-12-26 | 2025-09-26 | 2025-06-27 | 2025-03-28 | 2024-12-27 | 2024-09-27 | 2024-06-28 | 2024-03-29 | 2023-12-29 | 2023-09-29 | 2023-06-30 | 2023-03-31 | 2022-12-23 | 2022-09-23 | 2022-06-24 | 2022-03-25 | 2021-12-24 | 2021-09-24 | 2021-06-25 | 2021-03-26 | 2020-12-25 | 2020-09-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales | 229,210,000 | 214,294,000 | 203,405,000 | 177,872,000 | 187,391,000 | 166,919,000 | 254,984,000 | 271,930,000 | 278,293,000 | 203,672,000 | 192,640,000 | 176,044,000 | 147,168,000 | 156,445,000 | 152,689,000 | 138,010,000 | 114,138,000 | ||||||
yoy | 28.86% | 14.36% | 21.86% | -30.24% | -31.09% | -40.02% | 25.19% | 41.16% | 58.08% | 38.39% | 23.14% | 15.30% | 6.64% | 37.07% | |||||||||
qoq | 6.96% | 5.35% | -5.08% | 12.26% | -6.23% | -2.29% | 5.73% | 9.43% | -5.93% | 2.46% | 20.92% | ||||||||||||
cost of goods sold | 122,109,000 | 115,002,000 | 112,103,000 | 96,657,000 | 101,729,000 | 92,148,000 | 121,156,000 | 114,095,000 | 120,343,000 | 84,776,000 | 83,962,000 | 99,379,000 | 85,464,000 | 91,078,000 | 93,982,000 | 90,024,000 | 74,879,000 | ||||||
gross profit | 107,101,000 | 99,292,000 | 91,302,000 | 81,215,000 | 85,662,000 | 74,771,000 | 133,828,000 | 159,503,000 | 157,950,000 | 142,594,000 | 132,022,000 | 118,374,000 | 101,165,000 | 102,532,000 | 94,160,000 | 74,425,000 | 61,770,000 | ||||||
yoy | 31.87% | 15.91% | 22.11% | -39.31% | -46.29% | -52.66% | -6.15% | 20.82% | 33.43% | 40.95% | 28.76% | 25.72% | 35.93% | 65.99% | |||||||||
qoq | 7.86% | 8.75% | -5.19% | 14.57% | -16.10% | 0.98% | 8.01% | 11.53% | -1.33% | 8.89% | 20.49% | ||||||||||||
gross margin % | NaN% | 46.73% | 46.33% | 44.89% | NaN% | 45.66% | 45.71% | 44.79% | NaN% | 52.48% | 58.66% | 56.76% | NaN% | 70.01% | 68.53% | 67.24% | NaN% | 68.74% | 65.54% | 61.67% | NaN% | 53.93% | 54.12% |
operating expenses: | |||||||||||||||||||||||
research and development | 52,878,000 | 50,891,000 | 46,500,000 | 43,317,000 | 43,510,000 | 45,204,000 | 44,396,000 | 43,428,000 | 42,975,000 | 39,593,000 | 35,567,000 | 33,857,000 | 30,297,000 | 29,590,000 | 29,554,000 | 30,999,000 | 25,130,000 | ||||||
selling, general and administrative | 44,649,000 | 42,158,000 | 47,542,000 | 37,939,000 | 38,085,000 | 40,197,000 | 52,746,000 | 43,160,000 | 44,229,000 | 37,373,000 | 39,117,000 | 69,980,000 | 37,963,000 | 34,088,000 | 32,064,000 | 67,650,000 | 24,238,000 | ||||||
total operating expenses | 97,527,000 | 93,049,000 | 94,042,000 | 81,256,000 | 81,595,000 | 85,401,000 | 97,142,000 | 86,588,000 | 87,204,000 | 76,966,000 | 72,184,000 | 103,637,000 | 65,560,000 | 63,978,000 | 61,918,000 | 98,649,000 | 49,368,000 | ||||||
operating income | 9,574,000 | 6,243,000 | -2,740,000 | -41,000 | 4,067,000 | -10,630,000 | 36,686,000 | 72,915,000 | 70,746,000 | 65,628,000 | 59,838,000 | 14,737,000 | 35,605,000 | 38,554,000 | 32,242,000 | -24,224,000 | 12,402,000 | ||||||
yoy | -23451.22% | 53.50% | -74.22% | -100.11% | -94.42% | -115.03% | -44.10% | 21.85% | 380.06% | 84.32% | 55.21% | -54.29% | -246.98% | 210.87% | |||||||||
qoq | 53.36% | -327.85% | -101.01% | -138.26% | -49.69% | 3.07% | 9.68% | 306.04% | -7.65% | 19.58% | -295.32% | ||||||||||||
operating margin % | NaN% | 4.18% | 2.91% | -1.35% | NaN% | -0.02% | 2.17% | -6.37% | NaN% | 14.39% | 26.81% | 25.42% | NaN% | 32.22% | 31.06% | 8.37% | NaN% | 24.19% | 24.64% | 21.12% | NaN% | -17.55% | 10.87% |
other income: | |||||||||||||||||||||||
interest expense | -4,910,000 | -5,730,000 | -6,359,000 | -7,762,000 | -10,353,000 | -5,377,000 | -3,854,000 | -758,000 | -769,000 | -613,000 | -531,000 | -120,000 | -269,000 | ||||||||||
interest income | 114,000 | 159,000 | 234,000 | 388,000 | 420,000 | 494,000 | 857,000 | 850,000 | 843,000 | 360,000 | 467,000 | -1,150,000 | -345,000 | -2,598,000 | 350,000 | ||||||||
loss on change in fair value of forward repurchase contract | -34,752,000 | ||||||||||||||||||||||
other expense | -4,284,000 | -3,387,000 | -1,128,000 | -2,716,000 | |||||||||||||||||||
income before income taxes | 494,000 | -2,715,000 | -9,993,000 | -7,602,000 | -43,083,000 | -16,573,000 | 36,371,000 | 73,071,000 | 68,104,000 | 72,091,000 | 59,086,000 | 12,248,000 | 11,700,000 | ||||||||||
income tax benefit | -7,868,000 | -9,298,000 | -30,523,000 | ||||||||||||||||||||
net income | 8,362,000 | 6,583,000 | -13,162,000 | -6,799,000 | -33,613,000 | -17,613,000 | 33,402,000 | 65,671,000 | 60,889,000 | 64,551,000 | 50,648,000 | 10,283,000 | 32,973,000 | 33,223,000 | 27,707,000 | -5,060,000 | 9,618,000 | ||||||
yoy | -222.99% | -119.58% | -25.27% | -120.36% | -151.18% | -128.93% | -48.25% | 29.66% | 492.13% | 95.77% | 52.45% | -62.89% | -751.64% | 245.43% | |||||||||
qoq | 27.02% | -150.02% | -79.77% | 90.84% | -49.14% | 7.85% | 27.45% | 392.54% | -0.75% | 19.91% | -152.61% | ||||||||||||
net income margin % | NaN% | 3.65% | 3.07% | -6.47% | NaN% | -3.82% | -17.94% | -10.55% | NaN% | 13.10% | 24.15% | 21.88% | NaN% | 31.69% | 26.29% | 5.84% | NaN% | 22.41% | 21.24% | 18.15% | NaN% | -3.67% | 8.43% |
net income attributable to non-controlling interests | 63,000 | 64,000 | 65,000 | 61,000 | 62,000 | 62,000 | 57,000 | 54,000 | 39,000 | 32,000 | 34,000 | 36,000 | 37,000 | 37,000 | 38,000 | 35,000 | 34,000 | ||||||
net income attributable to allegro microsystems, inc. | 8,299,000 | 6,519,000 | -6,860,000 | -33,675,000 | -17,675,000 | 33,345,000 | 65,617,000 | 60,850,000 | 64,519,000 | 50,614,000 | 10,247,000 | 32,936,000 | 33,186,000 | 27,669,000 | -5,095,000 | 9,584,000 | |||||||
net income per common share attributable to allegro microsystems, inc.: | |||||||||||||||||||||||
basic | 40 | 40 | -40 | -180 | -90 | 170 | 340 | 320 | |||||||||||||||
diluted | 40 | 30 | -40 | -180 | -90 | 170 | 340 | 310 | |||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||
basic | 185,035,670,000 | 185,172,199,000 | 185,074,119,000 | 184,587,027,000 | 187,707,391,000 | 184,011,189,000 | 189,182,850,000 | 193,465,708,000 | 192,573,169,000 | 192,724,541,000 | 192,431,094,000 | 191,997,330,000 | 191,197,452 | 191,328,538 | 191,284,631 | 190,638,135 | 189,748,427 | 189,736,901 | 189,673,788 | 189,585,381 | 83,448,055 | 124,363,078 | |
diluted | 185,035,670,000 | 186,208,258,000 | 186,305,785,000 | 184,587,027,000 | 187,707,391,000 | 184,011,189,000 | 189,182,850,000 | 193,465,708,000 | 194,674,352,000 | 194,570,380,000 | 195,100,855,000 | 194,991,906,000 | 193,688,102 | 193,935,908 | 192,639,576 | 192,406,276 | 191,811,205 | 192,068,222 | 191,676,422 | 191,163,074 | 176,416,645 | 124,363,078 | |
income tax provision | 3,169,000 | -803,000 | -9,470,000 | 1,040,000 | 2,969,000 | 7,400,000 | 7,215,000 | 7,540,000 | 8,438,000 | 1,965,000 | 6,281,000 | 6,143,000 | 4,263,000 | 2,082,000 | |||||||||
net loss attributable to allegro microsystems, inc. | -13,227,000 | ||||||||||||||||||||||
net loss per common share attributable to allegro microsystems, inc.: | |||||||||||||||||||||||
basic | -70 | ||||||||||||||||||||||
diluted | -70 | ||||||||||||||||||||||
net sales to related party | 3,579,000 | 45,117,000 | 45,026,000 | 41,709,000 | 39,461,000 | 37,165,000 | 35,453,000 | 26,439,000 | 22,511,000 | ||||||||||||||
total net sales | 177,872,000 | 187,391,000 | 254,984,000 | 275,509,000 | 278,293,000 | 248,789,000 | 237,666,000 | 217,753,000 | 186,629,000 | 193,610,000 | 188,142,000 | 164,449,000 | 136,649,000 | ||||||||||
cost of goods sold to related party | 1,911,000 | 21,419,000 | 21,682,000 | ||||||||||||||||||||
other income | -187,000 | -2,465,000 | -1,060,000 | 2,682,000 | 64,000 | ||||||||||||||||||
change in fair value of contingent consideration | -2,500,000 | -200,000 | -2,700,000 | 300,000 | 300,000 | ||||||||||||||||||
foreign currency transaction gain | 407,000 | 266,000 | 1,924,000 | 202,000 | -254,000 | -145,000 | -1,318,000 | ||||||||||||||||
income in earnings of equity investment | 2,190,000 | -1,029,000 | -864,000 | 287,000 | 226,000 | 279,000 | 949,000 | 246,000 | |||||||||||||||
other | 4,119,000 | 75,000 | -3,429,000 | 3,634,000 | 1,534,000 | 48,000 | -510,000 | 20,000 | |||||||||||||||
net income attributable to allegro microsystems, inc. per share: | |||||||||||||||||||||||
basic | 0.34 | 0.26 | 0.05 | 0.17 | 0.17 | 0.15 | -0.04 | ||||||||||||||||
diluted | 0.33 | 0.26 | 0.05 | 0.17 | 0.17 | 0.14 | -0.04 | ||||||||||||||||
loss on debt extinguishment | -9,055,000 | ||||||||||||||||||||||
foreign currency transaction loss | -3,000 | ||||||||||||||||||||||
income before income tax provision | 39,254,000 | 39,366,000 | 31,970,000 | ||||||||||||||||||||
net income attributable to allegro microsystems, inc. per share | |||||||||||||||||||||||
basic | 0.34 | 0.26 | 0.05 | 0.17 | 0.17 | 0.15 | -0.04 | ||||||||||||||||
diluted | 0.33 | 0.26 | 0.05 | 0.17 | 0.17 | 0.14 | -0.04 | ||||||||||||||||
income before income tax benefit | -35,583,000 | ||||||||||||||||||||||
net income attributable to allegro microsystems, inc. per share: | |||||||||||||||||||||||
basic and diluted | 0.96 | ||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||
basic and diluted | 10,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-27 | 2025-12-26 | 2025-09-26 | 2025-06-27 | 2025-03-28 | 2024-12-27 | 2024-09-27 | 2024-06-28 | 2024-03-29 | 2023-12-29 | 2023-09-29 | 2023-06-30 | 2023-03-31 | 2022-12-23 | 2022-09-23 | 2022-06-24 | 2022-03-25 | 2021-12-24 | 2021-09-24 | 2021-06-25 | 2021-03-26 | 2020-12-25 | 2020-09-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||
current assets: | |||||||||||||||||||||||
cash and cash equivalents | 168,753,000 | 155,187,000 | 117,492,000 | 129,106,000 | 121,334,000 | 138,452,000 | 188,751,000 | 173,136,000 | 212,143,000 | 214,308,000 | 370,013,000 | 353,408,000 | 351,576,000 | 334,306,000 | 293,588,000 | 286,557,000 | 282,383,000 | 259,208,000 | 248,579,000 | 221,934,000 | 197,214,000 | 157,653,000 | 201,998,000 |
restricted cash | 6,604,000 | 8,212,000 | 9,322,000 | 10,273,000 | 9,773,000 | 10,510,000 | 10,287,000 | 11,041,000 | 10,018,000 | 9,427,000 | 8,418,000 | 8,913,000 | 7,129,000 | 9,822,000 | 9,694,000 | 9,715,000 | 7,416,000 | 7,497,000 | 7,105,000 | 7,698,000 | 6,661,000 | 6,520,000 | 6,354,000 |
trade accounts receivable | 93,248,000 | 99,651,000 | 105,770,000 | 89,379,000 | 84,598,000 | 83,805,000 | 76,985,000 | 63,358,000 | 114,324,000 | 118,947,000 | 121,506,000 | ||||||||||||
accounts receivable - other | 21,735,000 | 2,703,000 | 1,943,000 | 4,144,000 | 1,516,000 | 1,373,000 | 2,780,000 | ||||||||||||||||
inventories | 181,752,000 | 178,195,000 | 170,681,000 | 173,796,000 | 183,914,000 | 193,140,000 | 176,648,000 | 175,901,000 | 162,302,000 | 165,553,000 | 173,089,000 | 174,170,000 | 151,301,000 | 119,580,000 | 98,426,000 | 88,933,000 | 86,160,000 | 78,858,000 | 78,042,000 | 82,356,000 | 87,498,000 | 94,021,000 | 104,796,000 |
prepaid income taxes | 1,179,000 | 14,567,000 | 9,363,000 | 968,000 | 36,662,000 | 36,037,000 | 38,636,000 | 29,411,000 | 31,908,000 | ||||||||||||||
prepaid expenses and other current assets | 30,335,000 | 47,672,000 | 40,324,000 | 27,054,000 | 30,247,000 | 33,683,000 | 32,253,000 | 33,647,000 | 30,674,000 | 41,980,000 | 39,938,000 | 38,382,000 | 25,346,000 | 22,030,000 | 19,232,000 | 18,863,000 | 14,995,000 | 16,198,000 | 13,069,000 | 12,117,000 | 18,374,000 | 31,476,000 | 16,585,000 |
assets held for sale | 11,928,000 | 16,508,000 | 16,508,000 | 16,508,000 | 25,309,000 | 25,969,000 | |||||||||||||||||
total current assets | 503,606,000 | 515,412,000 | 469,460,000 | 447,084,000 | 483,036,000 | 495,627,000 | 523,560,000 | 490,283,000 | 572,213,000 | 549,496,000 | 714,896,000 | 700,304,000 | 665,829,000 | 619,952,000 | 545,485,000 | 529,034,000 | 511,692,000 | 469,192,000 | 445,914,000 | 452,527,000 | 430,564,000 | 378,530,000 | 407,222,000 |
property, plant and equipment | 308,258,000 | 300,861,000 | 300,438,000 | 305,195,000 | 302,919,000 | 320,975,000 | 325,051,000 | 319,763,000 | 321,175,000 | 325,822,000 | 312,047,000 | 285,200,000 | 263,099,000 | 232,076,000 | 219,240,000 | 214,808,000 | 210,028,000 | 207,705,000 | 198,069,000 | 196,993,000 | 192,393,000 | 214,372,000 | 217,901,000 |
operating lease right-of-use assets | 13,587,000 | 16,535,000 | 18,035,000 | 20,652,000 | 20,849,000 | 21,088,000 | 22,343,000 | 20,423,000 | 20,374,000 | 21,620,000 | 20,804,000 | 20,693,000 | 16,866,000 | 14,740,000 | 14,002,000 | 15,158,000 | 16,049,000 | 15,922,000 | 17,054,000 | 17,439,000 | |||
deferred income tax assets | 80,221,000 | 76,703,000 | 72,955,000 | 73,839,000 | 68,528,000 | 65,398,000 | 61,839,000 | 59,589,000 | 54,496,000 | 79,420,000 | 68,385,000 | 58,684,000 | 50,359,000 | 46,262,000 | 33,786,000 | 25,505,000 | 17,967,000 | 20,942,000 | 20,134,000 | 20,268,000 | 26,972,000 | 23,188,000 | 6,861,000 |
goodwill | 203,291,000 | 203,492,000 | 203,467,000 | 203,328,000 | 202,475,000 | 202,101,000 | 203,151,000 | 202,292,000 | 202,425,000 | 214,709,000 | 27,707,000 | 28,048,000 | 27,691,000 | 28,230,000 | 28,037,000 | 19,953,000 | 20,009,000 | 20,043,000 | 20,093,000 | 20,118,000 | 20,106,000 | 20,249,000 | 20,257,000 |
intangible assets | 238,675,000 | 244,838,000 | 250,929,000 | 256,414,000 | 262,115,000 | 261,553,000 | 266,753,000 | 271,723,000 | 276,854,000 | 293,699,000 | 51,677,000 | 51,969,000 | 52,378,000 | 53,130,000 | 52,268,000 | 36,142,000 | 35,970,000 | 35,985,000 | 36,131,000 | 36,301,000 | 36,366,000 | 36,420,000 | 36,274,000 |
equity investment in related party | 22,296,000 | 24,978,000 | 28,542,000 | 30,874,000 | 31,695,000 | 30,914,000 | 30,186,000 | 26,270,000 | 26,727,000 | 25,974,000 | 25,474,000 | 26,980,000 | 27,265,000 | 27,968,000 | 25,778,000 | 26,807,000 | 27,671,000 | 27,456,000 | 27,169,000 | 26,943,000 | 26,664,000 | 26,657,000 | 25,028,000 |
related party - other assets | 15,000,000 | ||||||||||||||||||||||
other assets | 31,241,000 | 39,892,000 | 40,502,000 | 51,822,000 | 49,344,000 | 44,084,000 | 59,234,000 | 54,797,000 | 51,651,000 | 48,936,000 | 57,384,000 | 54,712,000 | 69,230,000 | 52,332,000 | 50,893,000 | 53,550,000 | 47,609,000 | 48,078,000 | 38,687,000 | 26,298,000 | 14,613,000 | 12,482,000 | 14,779,000 |
total assets | 1,416,175,000 | 1,422,711,000 | 1,384,328,000 | 1,389,208,000 | 1,420,961,000 | 1,441,740,000 | 1,492,117,000 | 1,448,890,000 | 1,530,603,000 | 1,565,301,000 | 1,284,937,000 | 1,234,090,000 | 1,181,155,000 | 1,084,065,000 | 979,802,000 | 926,113,000 | 892,620,000 | 851,417,000 | 803,251,000 | 796,887,000 | 747,678,000 | 711,898,000 | 779,699,000 |
liabilities, non-controlling interest and stockholders’ equity | |||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||
trade accounts payable | 44,438,000 | 52,558,000 | 41,761,000 | 45,609,000 | 38,733,000 | 39,685,000 | 50,245,000 | 35,346,000 | 35,964,000 | 37,633,000 | 62,603,000 | 65,382,000 | 56,256,000 | 49,945,000 | 40,620,000 | 34,492,000 | 29,836,000 | 34,189,000 | 29,158,000 | 34,704,000 | 35,389,000 | 20,262,000 | 23,856,000 |
amounts due to related party | 4,794,000 | 4,749,000 | 3,263,000 | 2,902,000 | 6,535,000 | 2,102,000 | 5,546,000 | 4,895,000 | 1,626,000 | 3,158,000 | 3,041,000 | 6,465,000 | 5,659,000 | 4,709,000 | 4,704,000 | 5,222,000 | 4,051,000 | 3,686,000 | 4,095,000 | 2,353,000 | 2,078,000 | 1,157,000 | |
accrued expenses and other current liabilities | 89,472,000 | 76,412,000 | 68,305,000 | 64,832,000 | 60,083,000 | 52,346,000 | 57,203,000 | 58,702,000 | 71,126,000 | 69,951,000 | 63,394,000 | 76,691,000 | 94,894,000 | 77,796,000 | 63,941,000 | 68,952,000 | 65,459,000 | 59,262,000 | 52,049,000 | 76,771,000 | 78,932,000 | 66,779,000 | 64,929,000 |
current portion of operating lease liabilities | 5,691,000 | 5,870,000 | 5,777,000 | 5,807,000 | 5,487,000 | 5,405,000 | 5,539,000 | 5,183,000 | 5,263,000 | 5,486,000 | 5,203,000 | 5,007,000 | 4,493,000 | 3,828,000 | 3,484,000 | 3,656,000 | 3,706,000 | 3,339,000 | 3,523,000 | 3,463,000 | |||
current portion of long-term debt | 1,530,000 | 1,556,000 | 1,553,000 | 1,535,000 | 1,423,000 | 1,374,000 | 5,475,000 | 1,411,000 | 3,929,000 | 3,959,000 | |||||||||||||
total current liabilities | 145,925,000 | 141,145,000 | 120,659,000 | 120,685,000 | 112,261,000 | 100,912,000 | 124,008,000 | 105,537,000 | 117,908,000 | 120,187,000 | 134,241,000 | 153,545,000 | 165,325,000 | 137,228,000 | 112,754,000 | 111,804,000 | 104,223,000 | 100,841,000 | 88,416,000 | 119,033,000 | 116,674,000 | 89,119,000 | 122,942,000 |
long-term debt | 285,746,000 | 286,158,000 | 286,135,000 | 310,790,000 | 344,703,000 | 374,729,000 | 396,056,000 | 202,589,000 | 249,611,000 | 250,464,000 | |||||||||||||
operating lease liabilities, less current portion | 12,945,000 | 14,607,000 | 15,233,000 | 16,952,000 | 16,878,000 | 16,595,000 | 17,674,000 | 16,045,000 | 16,404,000 | 16,321,000 | 16,004,000 | 16,383,000 | 13,048,000 | 11,358,000 | 10,870,000 | 11,893,000 | 12,748,000 | 12,907,000 | 13,793,000 | 14,231,000 | |||
other long-term liabilities | 15,114,000 | 16,387,000 | 16,472,000 | 16,524,000 | 16,019,000 | 15,078,000 | 15,671,000 | 14,877,000 | 14,964,000 | 15,103,000 | 11,404,000 | 11,397,000 | 10,967,000 | 11,485,000 | 11,163,000 | 14,056,000 | 15,286,000 | 16,830,000 | 19,489,000 | 19,244,000 | 19,133,000 | 20,861,000 | 21,251,000 |
total liabilities | 459,730,000 | 458,297,000 | 438,499,000 | 464,951,000 | 489,861,000 | 507,314,000 | 553,409,000 | 339,048,000 | 398,887,000 | 429,815,000 | 186,649,000 | 206,325,000 | 214,340,000 | 189,509,000 | 163,927,000 | 162,753,000 | 157,257,000 | 155,578,000 | 146,698,000 | 177,508,000 | 160,807,000 | 134,980,000 | 144,193,000 |
commitments and contingencies | |||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||
preferred stock, 0.01 par value... | |||||||||||||||||||||||
common stock, 0.01 par value... | 1,854,000 | 1,852,000 | 1,851,000 | 1,849,000 | 1,843,000 | 1,840,000 | 1,840,000 | 1,938,000 | 1,932,000 | 1,931,000 | 1,925,000 | 1,924,000 | 1,918,000 | 1,914,000 | 1,913,000 | 1,912,000 | 1,905,000 | 1,898,000 | 1,897,000 | 1,896,000 | 1,896,000 | 1,894,000 | |
additional paid-in capital | 1,050,582,000 | 1,040,799,000 | 1,029,002,000 | 1,013,795,000 | 1,012,055,000 | 1,004,080,000 | 993,988,000 | 693,253,000 | 694,332,000 | 684,063,000 | 683,891,000 | 674,692,000 | 674,179,000 | 667,908,000 | 662,082,000 | 652,317,000 | 627,792,000 | 612,106,000 | 604,488,000 | 597,001,000 | 592,170,000 | 589,202,000 | 439,732,000 |
accumulated deficit | -68,488,000 | -52,000,000 | -60,299,000 | -66,818,000 | |||||||||||||||||||
accumulated other comprehensive loss | -29,201,000 | -27,919,000 | -26,379,000 | -26,173,000 | -30,752,000 | -34,084,000 | -26,583,000 | -31,946,000 | -28,841,000 | -21,889,000 | -25,509,000 | -21,198,000 | -20,784,000 | -24,781,000 | -33,028,000 | -25,198,000 | -18,448,000 | -16,677,000 | -15,368,000 | -11,865,000 | -11,865,000 | -10,171,000 | -14,133,000 |
equity attributable to allegro microsystems, inc. | 954,747,000 | 962,732,000 | 944,175,000 | 922,653,000 | 929,555,000 | 933,045,000 | 937,314,000 | 1,108,582,000 | 1,130,435,000 | 1,134,232,000 | 1,097,089,000 | 1,026,583,000 | 965,628,000 | 893,379,000 | 814,786,000 | 762,236,000 | 734,207,000 | 694,669,000 | 655,423,000 | 618,252,000 | 585,752,000 | 575,831,000 | 634,464,000 |
non-controlling interest | 1,698,000 | 1,682,000 | 1,654,000 | 1,604,000 | |||||||||||||||||||
total stockholders’ equity | 956,445,000 | 964,414,000 | 945,829,000 | 924,257,000 | 931,100,000 | 934,426,000 | 938,708,000 | 1,109,842,000 | 1,131,716,000 | 1,135,486,000 | 1,098,288,000 | 1,027,765,000 | 894,556,000 | 815,875,000 | 695,839,000 | 656,553,000 | |||||||
total liabilities, non-controlling interest and stockholders’ equity | 1,416,175,000 | 1,422,711,000 | 1,384,328,000 | 1,389,208,000 | 1,084,065,000 | 851,417,000 | |||||||||||||||||
current portion of related party notes receivable | 3,750,000 | 3,750,000 | 3,750,000 | ||||||||||||||||||||
related party notes receivable, less current portion | 3,750,000 | 4,688,000 | 8,438,000 | ||||||||||||||||||||
liabilities, non-controlling interests and stockholders’ equity | |||||||||||||||||||||||
(accumulated deficit) retained earnings | -53,591,000 | -38,791,000 | -31,931,000 | ||||||||||||||||||||
non-controlling interests | 1,545,000 | 1,381,000 | 1,394,000 | 1,260,000 | 1,281,000 | 1,254,000 | 1,199,000 | 1,182,000 | 1,187,000 | 1,177,000 | 1,089,000 | 1,124,000 | 1,156,000 | 1,170,000 | 1,130,000 | 1,127,000 | 1,119,000 | 1,087,000 | 1,042,000 | ||||
total liabilities, non-controlling interests and stockholders’ equity | 1,420,961,000 | 1,441,740,000 | 1,492,117,000 | 1,448,890,000 | 1,530,603,000 | 1,565,301,000 | 1,284,937,000 | 1,234,090,000 | |||||||||||||||
accounts receivable due from related party | 39,000 | ||||||||||||||||||||||
retained earnings | 445,337,000 | 463,012,000 | 470,127,000 | 436,782,000 | 371,165,000 | 310,315,000 | 248,338,000 | 183,819,000 | 133,205,000 | 122,958,000 | 97,342,000 | 64,406,000 | 31,220,000 | 3,551,000 | 208,759,000 | ||||||||
trade accounts receivable, net of provision for expected credit losses of 145 and 102 at march 29, 2024 and march 31, 2023, respectively | 118,508,000 | ||||||||||||||||||||||
trade and other accounts receivable due from related party | 207,000 | 154,000 | 741,000 | 175,000 | 13,494,000 | 31,070,000 | 32,528,000 | 30,109,000 | 27,360,000 | 28,305,000 | 23,853,000 | 23,657,000 | 23,832,000 | 20,153,000 | 16,783,000 | ||||||||
current portion of related party note receivable | 3,750,000 | 3,750,000 | 3,750,000 | 3,750,000 | 3,750,000 | 1,875,000 | 1,875,000 | 1,406,000 | |||||||||||||||
related party note receivable, less current portion | 5,625,000 | 6,563,000 | 7,500,000 | 9,375,000 | 10,313,000 | 5,156,000 | 5,625,000 | 6,094,000 | |||||||||||||||
deferred income tax liabilities | 27,740,000 | 4,438,000 | 4,140,000 | ||||||||||||||||||||
obligations due under senior secured credit facilities | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | |||||||||||
stockholders' equity: | |||||||||||||||||||||||
trade accounts receivable, net of provision for expected credit losses of 102 and 105 at march 31, 2023 and march 25, 2022, respectively | 111,290,000 | ||||||||||||||||||||||
liabilities, non-controlling interests and stockholders' equity | |||||||||||||||||||||||
amounts due to related parties | 9,682,000 | ||||||||||||||||||||||
total stockholders' equity | 966,815,000 | 763,360,000 | 735,363,000 | 619,379,000 | 586,871,000 | 576,918,000 | 635,506,000 | ||||||||||||||||
total liabilities, non-controlling interests and stockholders' equity | 1,181,155,000 | ||||||||||||||||||||||
trade accounts receivable, net of provision for expected credit losses of 147 and 105 at december 23, 2022 and march 25, 2022, respectively | 97,225,000 | ||||||||||||||||||||||
accounts receivable – other | 2,169,000 | 1,598,000 | 1,430,000 | 1,485,000 | 1,295,000 | 1,613,000 | |||||||||||||||||
trade accounts receivable, net of provision for expected credit losses of 189 and 105 at september 23, 2022 and march 25, 2022, respectively | 86,669,000 | ||||||||||||||||||||||
liabilities, non-controlling interest and stockholders' equity | |||||||||||||||||||||||
total liabilities, non-controlling interest and stockholders' equity | 979,802,000 | 926,113,000 | 892,620,000 | 803,251,000 | 796,887,000 | 747,678,000 | 711,898,000 | 779,699,000 | |||||||||||||||
trade accounts receivable, net of provision for expected credit losses of 149 and 105 at june 24, 2022 and march 25, 2022, respectively | 91,552,000 | ||||||||||||||||||||||
trade accounts receivable, net of provision for expected credit losses of 105 at march 25, 2022 and allowances for doubtful accounts 138 at march 26, 2021 | 87,359,000 | ||||||||||||||||||||||
trade accounts receivable, net of provision for expected credit losses of 70 at december 24, 2021 and allowance for doubtful accounts of 138 at march 26, 2021 | 76,235,000 | ||||||||||||||||||||||
trade accounts receivable, net of benefit from expected credit losses of 176 at september 24, 2021 and allowance for doubtful accounts of 138 at march 26, 2021 | 73,971,000 | ||||||||||||||||||||||
trade accounts receivable, net of benefit from expected credit losses of 773 at june 25, 2021 and allowance for doubtful accounts of 138 at march 26, 2021 | 77,843,000 | ||||||||||||||||||||||
trade accounts receivable, net of allowances for doubtful accounts of 138 and 288 at march 26, 2021 and march 27, 2020, respectively | 69,500,000 | ||||||||||||||||||||||
current portion of related party debt | |||||||||||||||||||||||
bank lines-of-credit | 33,000,000 | ||||||||||||||||||||||
related party notes payable, less current portion | |||||||||||||||||||||||
class a, 0.01 par value... | |||||||||||||||||||||||
class l, 0.01 par value... | |||||||||||||||||||||||
trade accounts receivable, net of allowances for doubtful accounts of 138 and 288 at december 25, 2020 and march 27, 2020, respectively | 67,334,000 | ||||||||||||||||||||||
(accumulated deficit) / retained earnings | -5,094,000 | ||||||||||||||||||||||
trade accounts receivable, net of allowances for doubtful accounts of 338 and 288 at september 25, 2020 and march 27, 2020, respectively | 57,926,000 | ||||||||||||||||||||||
related party note receivable | 51,377,000 | ||||||||||||||||||||||
common stock: | |||||||||||||||||||||||
class a, .01 par value... | 100,000 | ||||||||||||||||||||||
class l, .01 par value... | 6,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-26 | 2025-09-26 | 2025-06-27 | 2024-12-27 | 2024-09-27 | 2024-06-28 | 2023-12-29 | 2023-09-29 | 2023-06-30 | 2022-12-23 | 2022-09-23 | 2022-06-24 | 2021-12-24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||
net income | 1,783,000 | -58,025,000 | -51,226,000 | -17,613,000 | 159,962,000 | 126,560,000 | 60,889,000 | 125,482,000 | 60,931,000 | 10,283,000 | 93,903,000 | ||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||
depreciation and amortization | 49,828,000 | 32,827,000 | 16,216,000 | 48,578,000 | 32,455,000 | 16,458,000 | 49,548,000 | 29,353,000 | 14,273,000 | 36,705,000 | 24,125,000 | 11,918,000 | 36,522,000 |
amortization of deferred financing costs | 1,948,000 | 1,650,000 | 933,000 | 1,781,000 | 1,087,000 | 781,000 | 292,000 | 107,000 | 34,000 | 74,000 | 49,000 | 24,000 | 75,000 |
deferred income taxes | -7,985,000 | -4,171,000 | -5,061,000 | -11,546,000 | -7,795,000 | -4,999,000 | -28,253,000 | -18,134,000 | -8,362,000 | -28,387,000 | -16,431,000 | -7,784,000 | -3,061,000 |
stock-based compensation | 37,263,000 | 24,443,000 | 10,762,000 | 32,251,000 | 21,663,000 | 10,118,000 | 32,839,000 | 21,919,000 | 11,042,000 | 51,242,000 | 42,340,000 | 34,136,000 | 18,647,000 |
loss on change in fair value of forward repurchase contract | 34,752,000 | 34,752,000 | |||||||||||
impairment of assets held for sale | |||||||||||||
impairment of long-lived assets | |||||||||||||
provisions for inventory and expected credit losses | 7,554,000 | 4,543,000 | 3,450,000 | 7,519,000 | 4,488,000 | 2,377,000 | 9,851,000 | 9,422,000 | 5,183,000 | 2,640,000 | |||
change in fair value of marketable securities | 3,579,000 | 3,579,000 | 3,651,000 | ||||||||||
other non-cash reconciling items | 305,000 | 159,000 | -58,000 | 6,645,000 | 6,577,000 | ||||||||
changes in operating assets and liabilities: | |||||||||||||
trade accounts receivable | -15,604,000 | -21,723,000 | -5,332,000 | 34,356,000 | 41,417,000 | 55,134,000 | -2,564,000 | -7,645,000 | -10,321,000 | -5,894,000 | 5,520,000 | -4,718,000 | -6,133,000 |
accounts receivable - other | -462,000 | -369,000 | -1,421,000 | 2,000,000 | 2,546,000 | 2,714,000 | -9,000 | ||||||
inventories | -1,273,000 | 9,253,000 | 7,233,000 | -38,074,000 | -18,831,000 | -15,986,000 | -19,909,000 | -31,221,000 | -27,947,000 | -39,136,000 | -17,328,000 | -4,888,000 | 3,251,000 |
payment to related party | |||||||||||||
prepaid expenses and other assets | 17,699,000 | 26,627,000 | 35,965,000 | -1,401,000 | -15,808,000 | -1,715,000 | -12,623,000 | -16,084,000 | -8,779,000 | -17,761,000 | -9,470,000 | -13,102,000 | -11,870,000 |
trade accounts payable | 13,681,000 | 4,181,000 | 6,281,000 | 5,467,000 | 13,670,000 | 200,000 | -9,604,000 | 2,695,000 | 18,431,000 | 19,553,000 | 8,928,000 | 4,075,000 | 2,026,000 |
due to and from related party | |||||||||||||
other changes in operating assets and liabilities | 23,942,000 | 14,042,000 | |||||||||||
net cash from operating activities | 127,355,000 | 81,980,000 | 61,618,000 | 41,560,000 | 49,743,000 | 34,196,000 | 168,951,000 | 96,393,000 | 49,663,000 | 145,658,000 | 91,804,000 | 36,553,000 | 118,558,000 |
capital expenditures | -21,160,000 | -17,044,000 | -10,600,000 | -34,564,000 | -20,949,000 | -10,977,000 | -110,500,000 | -76,101,000 | -44,910,000 | -52,025,000 | -39,097,000 | -14,389,000 | -55,792,000 |
free cash flows | 106,195,000 | 64,936,000 | 51,018,000 | 6,996,000 | 28,794,000 | 23,219,000 | 58,451,000 | 20,292,000 | 4,753,000 | 93,633,000 | 52,707,000 | 22,164,000 | 62,766,000 |
cash flows from investing activities: | |||||||||||||
purchases of property, plant and equipment | -21,160,000 | -17,044,000 | -10,600,000 | -34,564,000 | -20,949,000 | -10,977,000 | -110,500,000 | -76,101,000 | -44,910,000 | -49,563,000 | -35,220,000 | -14,389,000 | -55,792,000 |
purchases of intangible assets | |||||||||||||
acquisition of business, net of cash acquired and working capital adjustment | |||||||||||||
investment in debt security | |||||||||||||
sales in marketable securities | |||||||||||||
net cash from investing activities | -21,160,000 | -17,044,000 | -10,600,000 | -34,245,000 | -20,949,000 | -10,977,000 | -502,444,000 | -59,926,000 | -34,939,000 | -69,291,000 | -54,948,000 | -14,389,000 | -50,123,000 |
cash flows from financing activities: | |||||||||||||
borrowings of 2023 term loan facility, net of deferred financing costs | |||||||||||||
repayment of 2020 term loan facility | |||||||||||||
net proceeds from 2026 refinanced term loan facility | |||||||||||||
repayment of term loan | -60,000,000 | -60,000,000 | -35,000,000 | ||||||||||
repayments of other debt | |||||||||||||
finance lease payments | -852,000 | -538,000 | -202,000 | -703,000 | -385,000 | -145,000 | |||||||
receipts on related party notes receivable | 1,875,000 | 1,875,000 | 938,000 | 938,000 | 1,875,000 | 937,000 | |||||||
payments for intangible assets | -4,000,000 | -1,000,000 | |||||||||||
payments for taxes related to net share settlement of equity awards | -10,354,000 | -9,349,000 | -8,988,000 | -12,780,000 | -12,297,000 | -11,171,000 | -24,823,000 | -14,091,000 | -12,422,000 | -12,642,000 | -9,606,000 | -9,606,000 | |
proceeds from issuance of common stock under employee purchase plan | |||||||||||||
repurchases of common stock | -853,921,000 | -853,805,000 | |||||||||||
net proceeds from issuance of common stock | 665,850,000 | 665,850,000 | |||||||||||
payments for taxes related to repurchase of common stock | -1,713,000 | -1,713,000 | |||||||||||
dividends paid to non-controlling interest | -23,000 | -23,000 | |||||||||||
payments of debt issuance costs | |||||||||||||
net cash from financing activities | -75,032,000 | -70,713,000 | -44,190,000 | -79,209,000 | -53,292,000 | -60,378,000 | 198,148,000 | -15,767,000 | -11,035,000 | -16,694,000 | -14,596,000 | -9,137,000 | -6,209,000 |
effect of exchange rate changes on cash and cash equivalents and restricted cash | 1,129,000 | 1,484,000 | 1,444,000 | -1,305,000 | 1,375,000 | -825,000 | 375,000 | -974,000 | -73,000 | -5,344,000 | -8,777,000 | -6,554,000 | 604,000 |
net increase in cash and cash equivalents and restricted cash | 32,292,000 | 8,272,000 | -23,123,000 | -37,984,000 | -134,970,000 | 19,726,000 | 3,616,000 | 54,329,000 | 13,483,000 | 6,473,000 | 62,830,000 | ||
cash and cash equivalents and restricted cash at beginning of period | 131,107,000 | 131,107,000 | 131,107,000 | 222,161,000 | 222,161,000 | 222,161,000 | 358,705,000 | 358,705,000 | 358,705,000 | 289,799,000 | 289,799,000 | 289,799,000 | 203,875,000 |
cash and cash equivalents and restricted cash at end of period: | 139,379,000 | 148,962,000 | 199,038,000 | 184,177,000 | 223,735,000 | 378,431,000 | 362,321,000 | 344,128,000 | 303,282,000 | 296,272,000 | 266,705,000 | ||
reconciliation of cash and cash equivalents and restricted cash: | |||||||||||||
cash and cash equivalents at beginning of period | 282,383,000 | 282,383,000 | 282,383,000 | 197,214,000 | |||||||||
restricted cash at beginning of period | 7,416,000 | 7,416,000 | 7,416,000 | 6,661,000 | |||||||||
cash and cash equivalents at end of period | 334,306,000 | 293,588,000 | 286,557,000 | 259,208,000 | |||||||||
restricted cash at end of period | 9,822,000 | 9,694,000 | 9,715,000 | 7,497,000 | |||||||||
cash and cash equivalents and restricted cash at end of period | 163,399,000 | 126,814,000 | 344,128,000 | 303,282,000 | 296,272,000 | 266,705,000 | |||||||
due to and from related parties | -1,786,000 | -3,272,000 | -3,633,000 | 564,000 | 4,132,000 | 3,437,000 | |||||||
acquisition of business, net of cash acquired | 319,000 | -408,119,000 | -19,728,000 | -19,728,000 | -12,549,000 | ||||||||
cash flow from financing activities: | |||||||||||||
net proceeds from refinanced term loan facility | |||||||||||||
proceeds from issuance of common stock under employee stock purchase plan | 1,910,000 | 1,910,000 | 1,987,000 | 1,987,000 | 1,899,000 | 1,899,000 | 1,899,000 | 1,573,000 | 1,573,000 | 1,291,000 | |||
net loss | -6,579,000 | -13,162,000 | |||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||
net proceeds from refinanced 2023 term loan facility | 193,483,000 | 193,483,000 | |||||||||||
net decrease in cash and cash equivalents and restricted cash | -4,293,000 | -73,199,000 | |||||||||||
accrued expenses and other current and long-term liabilities | 8,024,000 | -21,307,000 | -16,838,000 | -14,010,000 | -20,540,000 | -29,944,000 | -17,112,000 | 5,717,000 | -4,965,000 | 1,239,000 | -9,874,000 | ||
change in fair value of contingent consideration | -2,700,000 | -2,700,000 | |||||||||||
loans made to related party | -7,500,000 | -7,500,000 | |||||||||||
repayment of 2023 term loan facility | -75,000,000 | ||||||||||||
sales of marketable securities | |||||||||||||
borrowings of senior secured debt, net of deferred financing costs | 245,452,000 | ||||||||||||
repayment of other debt | -743,000 | ||||||||||||
loan made to affiliate | -4,000,000 | ||||||||||||
payment of borrowings under 2023 term loan facility | -50,000,000 | -50,000,000 | |||||||||||
loss on disposal of assets | 14,000 | 18,000 | 43,000 | 287,000 | 250,000 | -349,000 | |||||||
proceeds from issuance of common stock under employee stock purchase plan awards | |||||||||||||
due to (from) related party | 6,817,000 | 6,112,000 | |||||||||||
proceeds from sales of property, plant and equipment | 27,407,000 | ||||||||||||
sales (purchases) in marketable securities | |||||||||||||
proceeds from issuance of common stock under equity award and employee purchase plan awards | |||||||||||||
proceeds from sales of marketable securities | 16,175,000 | 16,175,000 | 9,971,000 | ||||||||||
repayment of term loan facility | -25,000,000 | ||||||||||||
receipts on related party note receivable | 2,813,000 | 1,875,000 | 469,000 | ||||||||||
payments for debt issuance costs | -1,450,000 | -1,450,000 | -1,450,000 | ||||||||||
gain on disposal of assets | -3,000 | ||||||||||||
due to/from related parties | 10,102,000 | -3,273,000 | -5,681,000 | -3,267,000 | -2,775,000 | ||||||||
loss on debt extinguishment | |||||||||||||
provisions for inventory writedowns and receivables reserves | |||||||||||||
unrealized gains on marketable securities | -4,482,000 | ||||||||||||
investments in marketable securities | -9,189,000 | ||||||||||||
contribution of cash balances due to divestiture of subsidiary | |||||||||||||
proceeds from initial public offering, net of underwriting discounts and other offering costs | |||||||||||||
proceeds from issuance of common stock under equity award and purchase plans awards | |||||||||||||
dividends paid | |||||||||||||
repayment of senior secured debt | |||||||||||||
repayment of unsecured credit facilities | |||||||||||||
provisions for inventory and receivables reserves | 1,744,000 | 232,000 | |||||||||||
unrealized loss on marketable securities | 5,000 | 3,458,000 | 3,486,000 | ||||||||||
supplemental disclosures of cash flow information: | |||||||||||||
noncash transactions: | |||||||||||||
property, plant and equipment purchases included in trade accounts payable | -2,462,000 | -3,877,000 | |||||||||||
noncash lease liabilities arising from obtaining right-of-use assets | 1,926,000 | 374,000 | 150,000 | ||||||||||
loss on contingent consideration change in fair value | -200,000 | ||||||||||||
cash paid for interest | 452,000 | ||||||||||||
cash refunded for income taxes | -1,027,000 | ||||||||||||
trade accounts payable related to property, plant and equipment | -2,602,000 | ||||||||||||
amortization of debt issuance costs | |||||||||||||
provisions for inventory and credit losses/bad debt | 4,787,000 | ||||||||||||
related party note receivable | -7,500,000 | ||||||||||||
proceeds from issuance of common stock under equity award and purchase plans less payments for taxes related to net share settlement of equity awards | |||||||||||||
capital contribution | |||||||||||||
gain on contingent consideration change in fair value | -2,100,000 | ||||||||||||
(gain) loss on disposal of assets | |||||||||||||
cash paid for income taxes | |||||||||||||
changes in trade accounts payable related to property, plant and equipment | |||||||||||||
loans to cover purchase of common stock under employee stock plan | |||||||||||||
recognition of right of use assets and lease liability upon adoption of new accounting standard | |||||||||||||
provisions for inventory and bad debt | |||||||||||||
deconsolidation related to psl divestiture | |||||||||||||
non-cash transactions: | |||||||||||||
deconsolidation related to divestiture transactions |