![MACOM Technology Solutions Holdings, Inc. [MTSI] reports $91.6M profit for year ended Sep 29, 2023](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FMTSI.png&w=3840&q=75)
MACOM Technology Solutions Holdings, Inc. [MTSI] reports $91.6M profit for year ended Sep 29, 2023
The company records $648.4M revenue
MACOM Technology Solutions Holdings, Inc. [MTSI] has reported $91.6M profit for year ended Sep 29, 2023.
The LOWELL, Massachusetts based company recorded net profit of $91.6M on operating income of $107.4M. Earnings per share rose to $1.3.
In the consolidated statements of operations, the revenue for the current reporting period, which ended on September 29, 2023, was $648,407,000. This represents a decrease compared to the same period in the previous year, where revenue was $675,170,000. The cost of goods sold for the current reporting period was $262,610,000, slightly lower than the previous year's amount of $268,989,000. The net income for the current reporting period was $91,577,000, significantly lower than the previous year's net income of $439,955,000. The basic earnings per share for the current reporting period were $1.29, a decrease from the previous year's $6.30. Similarly, the diluted earnings per share for the current reporting period were $1.28, down from the previous year's $6.18.
