Financial Performance Overview:
- Revenue: $167 million, down 40% YoY, down 31% QoQ.
- Gross Profit: $74.8 million, reflecting a gross margin of 44.8%.
- Operating Income: -$10.6 million, with an operating margin of -6.3%.
- Net Income: -$17.7 million, corresponding to an EPS of -$0.091.
- Cash Flow from Operations: $34 million, Free Cash Flow was reported at $23.2 million, indicating prudent cash management despite reduced sales.
- Cash and Equivalents: $184 million, with a current ratio of 4.65 suggesting a strong liquidity position.
Additionally, management projected a Q2 2025 revenue growth of 12%, signaling a potential recovery as inventory issues are resolved.
Comparative Performance: Allegro's gross margin of 44.8% remains competitive against industry averages; however, the operating margin has dipped significantly compared to prior periods. Investors should note the lower performance impacts from recent strategic undertakings such as share repurchases from Sanken Electric.