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SMART GLOBAL HOLDINGS NEWS RELEASE SMART Global Holdings Reports First Quarter Fiscal 2021 Financial Results 1/5/2021 NEWARK , Calif .-- ( BUSINESS WIRE ) -- SMART Global Holdings , Inc. ( " SMART " or the " Company " ) ( NASDAQ : SGH ) , today reported financial results for the first quarter fiscal 2021 ended November 27 , 2020 . First Quarter Fiscal 2021 Highlights : • Net sales of $ 291.7 million , 7.2 % higher than the year ago quarter . • • GAAP net income of $ 2.0 million , or $ 0.08 per share , compared with $ 0.2 million or $ 0.01 per share in the year ago quarter . Non - GAAP net income of $ 19.6 million or $ 0.78 per share , 46.4 % and 41.8 % higher than the year ago quarter , respectively . • Adjusted EBITDA of $ 29.5 million , 25.4 % higher than the year ago quarter . " I am proud of the results our team delivered in the first quarter of fiscal 2021 during these challenging times . Total revenue grew by 7 % when compared to the first quarter a year ago , and non - GAAP earnings per share of $ 0.78 exceeded the high end of our guidance range , " commented Mark Adams , President and CEO . " With our continuing focus on delivering differentiated solutions to our valued customers and driving operational excellence across each of our businesses , we remain optimistic about the future and our ability to deliver strong returns for our shareholders , " concluded Mr. Adams . Quarterly Financial Results GAAP ( 1 ) ( In millions , except per share amounts ) Q1 FY21 Q4 FY20 Q1 FY20 Q1 FY21 Non - GAAP ( 2 ) Q4 FY20 Q1 FY20 1