FormFactor (FORM) Prelim. Q1 Results Miss Views

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Go back to FormFactor (FORM) Prelim. Q1 Results Miss Views

FormFactor, Inc. Provides Update to Q1'16 Guidance

March 29, 2016 4:05 PM EDT

LIVERMORE, CA -- (Marketwired) -- 03/29/16 -- FormFactor, Inc. (NASDAQ: FORM) today announced that its first-quarter 2016 results will be below prior guidance. The company expects revenue of between $53 million to $54 million, non-GAAP gross margin of 22% to 24%, and non-GAAP loss per share of $0.10 to $0.12.

This revision is the result of two timing-related factors. First and primarily, to meet a doubling in demand for SoC probe cards by a key customer, the company increased capacity, although at a rate slower than originally planned. The company holds record backlog for this product line, and expects to... More