Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal year and the Fourth Quarter Ended June 30, 2020

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Go back to Hollysys Automation Technologies Reports Unaudited Financial Results for the Fiscal year and the Fourth Quarter Ended June 30, 2020

Hollysys Automation (HOLI) Misses Q4 EPS by 34c, Revenues Miss

August 13, 2020 5:08 PM EDT

Hollysys Automation (NASDAQ: HOLI) reported Q4 EPS of $0.04, $0.34 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $129.22 million versus the consensus estimate of $147.75 million.

Fourth Quarter of Fiscal Year 2020 Financial Highlights

Non-GAAP net income attributable to Hollysys was $2.2 million, a decrease of 91.3% compared to the comparable prior year period.Total revenues were $129.2 million, a decrease of 17.7% compared to the comparable prior year period.Non-GAAP gross margin was at 44.7%, compared to 34.0% for the comparable prior year period.Non-GAAP diluted EPS were at $0.04, a decrease of 90.5%... More