Xcerra Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended July 31, 2016. For the quarter, the company reported net sales of $91,234,000 compared to $102,072,000 a year ago. Income from continuing operations before provision for income taxes was $5,696,000 compared to $7,744,000 a year ago. Income from continuing operations was $8,184,000 or $0.15 per basic and diluted share compared to $8,407,000 or $0.15 per basic and diluted share a year ago. Net income was $7,134,000 or $0.13 per basic and diluted share compared to $7,496,000 or $0.14 per diluted share a year ago. Non-GAAP net income was $6,320,000 or $0.12 per basic and diluted share compared to $8,719,000 or $0.16 per basic and diluted share a year ago. The company generated a positive EBITDA of $9.2 million.

For the year, the company reported net sales of $324,206,000 compared to $397,978,000 a year ago. Income from continuing operations before provision for income taxes was $799,000 compared to $34,106,000 a year ago. Income from continuing operations was $2,459,000 or $0.05 per diluted share compared to $31,518,000 or $0.58 per diluted share a year ago. Net income was $11,174,000 or $0.21 per diluted share compared to $28,226,000 or $0.52 per diluted share a year ago. Non-GAAP net income was $1,864,000 or $0.03 per diluted share compared to $34,013,000 or $0.62 per diluted share a year ago.

For the fiscal quarter ending, October 31, 2016, net sales are expected to be in the range of $80 million to $84 million. Non-GAAP net income for the quarter is expected to be in the range of ($0.03) to $0.01 per share, assuming 54 million fully diluted shares outstanding. The non-GAAP net income guidance excludes amortization of purchased intangible assets of approximately $0.2 million.

The company expects about a gross margin of 43%. EBITDA expects to be approximately $3 million at the midpoint of this revenue range.