Wolfspeed (WOLF) Financials

Cree, Inc. is a leading provider of innovative lighting-class LED products, lighting products and semiconductor products for power and radio-frequency (RF) applications. The company operates through three segments: Wolfspeed, LED Products, and Lighting Products.

The Wolfspeed segment focuses on silicon carbide (SiC) and gallium nitride (GaN) materials for advanced power and radio-frequency (RF) applications. This segment offers a wide range of SiC and GaN-on-SiC products including power modules, Schottky diodes, and RF devices. Wolfspeed products are used in electric vehicles, renewable energy systems, and wireless communication infrastructure.

The LED Products segment designs, manufactures, and sells LED chips and LED components, such as blue, green, and ultraviolet (UV) LED chips, high-brightness LEDs, and LED lighting products. These products are used in display screens, automotive lighting, general lighting, and electronic signs.

The Lighting Products segment offers LED lighting systems and lamps for residential, commercial, and industrial applications. This segment provides a wide range of lighting solutions, including indoor and outdoor fixtures, lamps, and bulbs. Cree's lighting products are known for their energy efficiency, long lifespan, and superior lighting quality.

As of the latest financial report, Cree reported total revenue of $1.68 billion. The company's gross profit was $647.1 million, resulting in a gross profit margin of approximately 38.5%. The operating income, or EBIT, was $90.9 million, while the net income attributable to stockholders was $46.3 million. Cree's total assets amounted to $2.32 billion, with total liabilities of $821.7 million. The stockholders' equity stood at $1.5 billion.

In terms of cash flow, Cree generated $136.7 million from operating activities. The company invested $102.5 million in capital expenditures, resulting in negative investing cash flow. The financing cash flow was positive at $56.6 million, primarily driven by borrowings under the company's credit facility. Cree's free cash flow, which represents the cash available for distribution to stockholders, was $34.2 million.

Cree maintained a strong balance sheet with cash equivalents of $259.4 million and net debt of $133.5 million. The company has a solid liquidity position to support its operations and growth initiatives. With a focus on innovation and product development, Cree continues to expand its product portfolio and capture market opportunities in the rapidly growing LED and semiconductor industries.

Cree, Inc. (WOLF) has achieved significant financial success in recent years. The company's revenue has been steadily increasing, driven by its strong position in the LED and semiconductor markets. Cree's products are in high demand due to their energy efficiency, long lifespan, and superior performance. In addition, the company's focus on research and development has allowed it to introduce innovative products that meet the changing needs of customers.

Cree's gross profit margin has remained stable, indicating effective cost management and pricing strategies. The positive EBIT and net income from stockholders demonstrate the company's profitability and ability to generate value for its shareholders. With a solid balance sheet and strong cash flow, Cree has the financial flexibility to invest in growth opportunities and fund its operations.

Looking ahead, Cree is well-positioned to benefit from the increasing adoption of LED lighting and the growing demand for advanced power and RF applications. The company's commitment to sustainability and energy efficiency aligns with global trends, providing a competitive advantage. Cree's strong market position, robust financials, and focus on innovation position it for continued success in the dynamic LED and semiconductor industries.