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“We are very pleased with our progress in fiscal 2023 as we secured $5 billion of funding to support our continued capacity expansion plans, initiated construction on our 200mm materials factory in North Carolina, and generated initial revenue from the Mohawk Valley 200mm device fab,” said CEO Gregg Lowe.
For Q1/24, the company expects EPS in the range of ($0.60)-($0.75), worse than the consensus of ($0.30). Revenue is seen at $220-$240M, compared to the consensus estimate of $235.5M.
By Davit Kirakosyan
