Smart global holdings, inc. (SGH)
Income statement / Quarterly
Feb'20Nov'19Aug'19May'19Mar'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16May'16
Net sales

272,042

272,018

278,400

235,657

304,063

393,879

373,970

335,477

313,965

265,409

223,019

206,974

171,954

159,344

149,609

Cost of sales

220,536

217,698

226,108

192,622

246,932

308,810

291,291

257,423

240,948

207,573

175,011

159,599

134,797

129,634

118,997

Gross profit

51,506

54,320

52,292

43,035

57,131

85,069

82,679

78,054

73,017

57,836

48,008

47,375

37,157

29,710

30,612

Operating expenses:
Research and development

14,702

14,886

13,536

11,330

11,238

11,816

11,659

9,763

9,852

8,550

9,718

8,797

9,948

9,697

9,667

Selling, general, and administrative

28,648

33,553

30,024

24,306

23,442

25,454

29,039

19,597

18,087

17,818

17,722

17,193

16,434

15,410

14,680

Management advisory fees

-

-

-

-

-

-

-

-

-

-

0

1,000

1,000

1,000

1,000

Restructuring charge

-

-

-

-

-

-

-

-

-

-

0

0

471

-14

128

Total operating expenses

43,350

48,439

40,860

35,636

34,680

37,270

37,698

29,360

27,939

26,368

27,440

26,990

27,853

26,093

25,475

Income from operations

8,156

5,881

11,432

7,399

22,451

47,799

44,981

48,694

45,078

31,468

20,568

20,385

9,304

3,617

5,137

Interest expense, net

-4,150

-4,492

-4,567

-5,001

-5,273

-5,875

-6,217

-4,098

-4,230

-4,599

-6,132

-8,294

-8,512

-6,266

-6,326

Other income (expense), net

-12,386

-840

819

97

252

-3,329

-5,987

-7,145

2,548

-2,715

-20,887

-762

-1,005

103

2,102

Total other expense

-16,536

-5,332

-3,748

-4,904

-5,021

-9,204

-12,204

-11,243

-1,682

-7,314

-27,019

-9,056

-9,517

-6,163

-4,224

Income (loss) before income taxes

-8,380

549

7,684

2,495

17,430

38,595

32,777

37,451

43,396

24,154

-6,451

11,329

-213

-2,546

913

Provision for income taxes

1,340

325

2,059

550

4,644

7,619

3,059

5,505

6,602

3,149

3,758

3,371

2,124

661

2,258

Net income (loss)

-9,720

224

5,625

1,945

12,786

30,976

29,718

31,946

36,794

21,005

-10,209

7,958

-2,337

-3,207

-1,345

Earnings per share:
Basic

-0.41

0.01

0.23

0.08

0.56

1.37

1.33

1.44

1.68

0.97

-0.66

0.57

-0.17

-0.23

-0.10

Diluted

-0.41

0.01

0.23

0.08

0.55

1.33

1.28

1.37

1.60

0.92

-0.59

0.50

-0.17

-0.23

-0.10

Shares used in computing earnings per share:
Basic

23,906

23,713

23,364

23,005

22,872

22,595

22,410

22,206

21,915

21,673

21,414

13,986

13,870

13,870

13,832

Diluted

23,906

24,286

23,926

23,330

23,359

23,257

23,417

23,306

23,038

22,715

19,445

15,955

13,870

13,870

13,832