Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2022 Earnings Call Transcript

Unidentified Analyst: Got it. Got it. And then I think, so far on that, so given that we think we can do $900 million label top line for 2023, and it seems that we also continue to invest in 2024 and beyond. So it seems like from a bottom line perspective the — I guess the number would be probably those and the label in 2018 or any color you can provide regarding the bottom line for fiscal 2023?

Lester Wong: Well, Hans we don’t guide beyond the quarter, right? But I think as far as the EPS or the GAAP net income at least for FY 2023, we provided we think we can do revenue better than 2018. I think the gross margin for the year is probably going to be around 46% to 48%, increase to better as we moved into second half of the year. And I think we’ve sort of given an indication what the OpEx number should be. So I think that based on that, and then we’ll also provide some color on in terms of tax. So I think based on those, I think your model should be able to generate what you think the EPS would be.

Unidentified Analyst: Okay. Got it. And then, and lastly, so I think last time you kind of talked about the SMT opportunity and I just wonder if there is any update? And then I think, it seems that you are talking about like the share gain story on new generation tool. And then just wondering like what kind of the competitive advantage there allow you to achieve that? And then is that a — would that be something like a second half 2023 story or more likely in 2024?

Fusen Chen: Yes, actually Hans, this is a new SMT system, so it is our electronics assembly. There are a lot of competitors over here. We do believe the new innovation is, the head is very, very fast, right, because our multiple per head, we are going to officially read this, probably second half of 2023. So, in terms of revenue impact, probably we are looking at probably 2024, right? But we actually have a quite confident compared to all the existing data, our throughput and reliability I think will be very, very competitive. So that’s update. We actually test the market and have very good feedback, but we can only officially it will be the second half of 2023.

Unidentified Analyst: Got it. That’s helpful. Thank you.

Operator: Thank you. There are no further questions at this time. I would now like to turn the call back over to Joe Elgindy for any closing comments.

Joseph Elgindy: Thank you, Darrell, and thank you all for joining today’s call. Over the coming months, we will be presenting at several investor conferences hosted by Needham, the Susquehanna Financial Group, in addition to the Annual New York City Summit. As always, please feel free to follow up directly with any additional questions. This concludes today’s call. Have a great day everyone.