01—Abstract
Summary
Summary of the 10-Q/A filed November 10, 2021. Cited figures are marked; the original filing is the authoritative source.
Coherent Corp. (COHR) filed its Form 10-Q for the quarterly period ending September 30, 2021, on November 10, 2021.
This filing provides a snapshot of the company's financial performance and position. Investors should pay close attention to revenue trends, profitability metrics, and any significant changes in the balance sheet.
The report will detail the company's operational results, management's discussion and analysis of financial condition and results of operations, and any material events that occurred during the quarter. Understanding these aspects is crucial for assessing the company's ongoing value and future prospects.
02—Key points
Key Highlights
- Revenue for the quarter reflects the company's operational performance and market demand for its products and services.
- Gross profit and operating income figures are key indicators of Coherent's profitability and efficiency in managing its costs.
- The balance sheet provides insights into the company's assets, liabilities, and equity, highlighting its financial health and liquidity.
- Cash flow from operations is a critical metric demonstrating the company's ability to generate cash from its core business activities.
- Any significant updates on debt levels, capital expenditures, or share repurchases would be material for investors to note.
- The Management's Discussion and Analysis (MD&A) section offers qualitative insights into the factors driving financial results and management's outlook.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2022, Coherent Corp. kept $0.09.
- Revenue$795.1M100.0%
- Cost of revenue−$488.5M61.4%
- Gross profit$306.6M38.6%
- Operating costs−$211.6M26.6%
- Operating income$95.0M12.0%
- Interest, other & tax−$20.6M2.6%
- Net income$74.5M9.4%
04—Financials
Financial Highlights
Figures from 10-Q/AQ1 FY2022filed November 10, 2021Financial Statements
Q1 FY2022 against Q1 FY2021
| Line item | Q1 FY2022Q1 FY2021 | Change |
|---|---|---|
| Revenue | $795.11M$728.08M | +9.2% |
| Cost of Revenue | $488.49M$441.52M | +10.6% |
| Gross Profit | $306.62M$286.56M | +7.0% |
| R&D Expenses | $88.97M$78.25M | +13.7% |
| SG&A Expenses | $122.61M$107.19M | +14.4% |
| Operating Expenses | $704.67M$668.51M | +5.4% |
| Operating Income | $95.05M$101.13M | −6.0% |
| Interest Expense | $12.19M$17.21M | −29.2% |
| Net Income | $74.46M$46.27M | +60.9% |
| EPS (Basic) | $0.54$0.39 | +38.5% |
| EPS (Diluted) | $0.50$0.38 | +31.6% |
| Shares Outstanding (Basic) | 105.76M102.81M | +2.9% |
| Shares Outstanding (Diluted) | 115.85M105.25M | +10.1% |
05—Questions
Frequently Asked Questions
What was Coherent Corp.'s revenue for the quarter ending September 30, 2021?
The 10-Q filing for the period ending September 30, 2021, will contain the specific revenue figures for that quarter. Investors should refer to the Consolidated Statements of Operations within the report for this information.
How did Coherent Corp.'s profitability change compared to the previous quarter or year?
The filing includes comparative financial data, typically for the current quarter, the year-to-date period, and prior year periods. Investors can analyze the changes in gross profit, operating income, and net income to assess profitability trends.
What is the company's current cash position and how is it managing its cash flow?
The Consolidated Balance Sheets will show the company's cash and cash equivalents. The Consolidated Statements of Cash Flows will detail the sources and uses of cash, including cash provided by or used in operating, investing, and financing activities.
Are there any significant new risks or uncertainties highlighted by management?
The 'Risk Factors' section and the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' are the primary areas where management discusses potential risks, uncertainties, and their impact on the business. Investors should review these sections carefully.
06—Continue