Page 1

EX - 99.1 2 ex991q12021.htm EX - 99.1 ✔ Kulicke & Soffa Net Revenue Gross Profit Gross Margin Income from Operations Operating Margin Net Income Net Margin EPS - Diluted ( a ) Kulicke & Soffa Reports First Quarter 2021 Results Singapore - February 3 , 2021 – Kulicke and Soffa Industries , Inc. ( NASDAQ : KLIC ) ( “ Kulicke & Soffa , ” “ K & S " or the " Company ” ) , today announced financial results of its first fiscal quarter ended January 2 , 2021. The Company reported first quarter net revenue of $ 267.9 million , net income of $ 48.4 million , representing EPS of $ 0.77 per fully diluted share , and non - GAAP net income of $ 53.7 million , representing non - GAAP EPS of $ 0.86 per fully diluted share . Income from Operations Operating Margin Net Income Quarterly Results - U.S. GAAP Fiscal Q1 2021 Net Margin EPS - Diluted $ 267.9 million $ 121.5 million 45.4 % $ 54.0 million 20.2 % $ 48.4 million 18.1 % $ 0.77 Fiscal Q1 2021 $ 59.8 million 22.3 % $ 53.7 million 20.0 % $ 0.86 Change vs. Fiscal Q1 2020 up 85.6 % up 72.6 % down 340 bps up 303 % up 1090 bps up 258.5 % up 870 bps up 266.7 % ( a ) GAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock units and stock options , but that effect is excluded when calculating GAAP diluted net ( loss ) per share because it would be anti - dilutive . Quarterly Results - Non - GAAP 1 Exhibit 99.1 Change vs. Fiscal Q1 2020 K & S Corporate Headquarters Kulicke & Soffa Pte . Ltd. 23A Serangoon North Ave 5 # 01-01 , Singapore 554369 + 65-6880-9600 main + 65-6880-9580 fax up 209.8 % up 900 bps up 187.2 % up 700 bps up 196.6 % www.kns.com Co. Regn . No. 199902120H Change vs. Fiscal Q4 2020 up 50.8 % up 36.7 % down 460 bps up 134.8 % up 730 bps up 206.3 % up 920 bps up 208 % Change vs. Fiscal Q4 2020 up 104.8 % up 590 bps up 148.6 % up 790 bps up 145.7 % A reconciliation between the GAAP and non - GAAP adjusted results is provided in the financial tables included in this release . See also the " Use of non - GAAP Financial Results " section . Fusen Chen , Kulicke & Soffa's President and Chief Executive Officer , stated , " Demand has increased significantly in the December quarter driven by strength in the general semiconductor , LED and automotive markets . Additionally , we have supported more complex , high - volume semiconductor assembly , which is increasing the capital intensity and longer - term opportunities within our served markets . "