Safe Harbor Statement
Except for historical information contained herein, the matters set forth in this presentation contain forward-looking statements, including industry market projections; our revenue growth opportunities; our ability to grow the percent revenue derived from high-performance mixed-signal solutions beyond audio; our ability to fuel product and application diversification; our ability to develop new, adjacent high-performance mixed-signal solutions; our ability to expand share in audio beyond smartphones; our ability to maintain audio content and share in smartphones; our ability to introduce new high-performance mixed-signal solutions; our ability to leverage our mixed-signal expertise into new product categories; our ability to expand our SAM with new applications and technologies; our ability to drive long-term revenue growth; our ability to expand long-term operating profit; our ability to generate strong cash flow; our ability to capitalize on R&D efficiencies and leverage SG&A; our ability to invest in R&D to fuel organic growth; our ability to pursue M&A opportunities that strengthen technology portfolio or broaden end market exposure; our ability to return capital to shareholders through share repurchases; our forecasted revenue, gross margin and R&D and SG&A expenses, stock-based compensation expense, amortization of acquisition intangibles and acquisition-related costs. In addition, any statements that refer to our plans, expectations, strategies or other characterizations of future events or circumstances are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties that could cause actual results to differ materially from our current expectations, estimates and assumptions and the forward-looking statements made in this presentation. These risks and uncertainties include, but are not limited to the following: the effects of the global COVID-19 pandemic; recent increased industry-wide capacity constraints that may impact our ability to meet current customer demand, which could cause an unanticipated decline in our sales and damage our existing customer relationships and our ability to establish new customer relationships; the potential for increased prices due to capacity constraints in our supply chain, which, if we are unable to increase our selling price to our customers, could result in lower revenues and margins that could adversely affect our financial results; our ability to attract, hire and retain qualified personnel; the risk factors listed in our Form 10-K for the year ended March 27, 2021 and in other filings with the Securities and Exchange Commission. The foregoing information concerning our business outlook represents our outlook as of the date of this presentation, and we expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.
Use of non-GAAP Financial Information
To supplement Cirrus Logic's financial statements presented on a GAAP basis, the company has provided non-GAAP financial information in this presentation, including non-GAAP diluted earnings per share, operating profit and operating expenses. Non-GAAP financial information is not meant as a substitute for GAAP results but is included because management uses such information to evaluate and manage the company and believes such information is useful to our investors for informational and comparative purposes. These non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.
Cirrus Logic at a Glance
PROFILE | PRODUCTS | CORE STRENGTHS |
Founded in 1984 | Smart codecs | Analog and digital-signal processing |
Listed on NASDAQ: CRUS | Audio amplifiers | Engineering execution |
FY22 revenue: $1.78B | Haptic driver and sensing solutions | World-class customer support and application expertise |
Headquarters in Austin, Texas | Camera controllers | Supply chain management and quality |
1,591 employees worldwide | Fast-charging and power ICs | Extensive IP portfolio (~4,000 pending & issued patents worldwide) |
Strategy for Growth Through Product Diversification
MARKETS
STRATEGYSTRENGTHS
Proven Operating Model
Expand with more content & diversify product portfolioDesign best-in-class custom, semi-custom & general market products
Leverage best-in-class IP
Develop meaningful engineering relationshipsTarget fast-growing markets
Engage tier-one market leaders
SOLID OPERATING
MARGINSSTRONG CASH FLOWLEADING SUPPLIER OF
LOW-POWER, HIGH-PERFORMANCE, MIXED-
SIGNAL ICS
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Cirrus Logic Inc. published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 03:22:06 UTC.