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Stock impact report

Silicom Reports Q1 2024 Results and Progress of Strategic 5-Year Plan [Yahoo! Finance]

Silicom Ltd - Ordinary Shares (SILC) 
US:NASDAQ Investor Relations: silicom-usa.com/investor-presentations
Company Research Source: Yahoo! Finance
KFAR SAVA, Israel May 2, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the first quarter ended March 31, 2024 , together with its progress to date executing the 5-Year Strategic Plan announced on February 1 st Financial Results Silicom's revenues for the first quarter of 2024 totalled $14.4 million compared with $37.2 million for the first quarter of 2023. On a GAAP basis, the company's net loss for the quarter totalled $(3.4) million , or per ordinary share (basic and diluted), compared with net income of $3.5 million , or per ordinary share (basic and diluted), for the first quarter of 2023. On a non-GAAP basis (as described and reconciled below), net loss for the quarter totalled $(2.4) million , or per ordinary share (basic and diluted), compared with net income of $4.2 million , or per diluted share ( per basic share), for the first quarter of Show less Read more
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