August 22, 2014 7:37 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Xcerra Corporation

Company Overview

Xcerra Corporation designs, manufactures, markets, and services automated test equipment solutions for the mobility, industrial, automotive, and consumer end markets. Its product portfolio includes Diamond platform, a package for testing microcontrollers, as well as consumer and digital based application specific standard product (ASSP) and application specific integrated circuit (ASIC) devices; X-Series platform, which offers configurations for optimal testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and radio frequency (RF) applications; and ASL platform that is used for testing linear, low-end mixed signal, precision analog, and power management devices. The company...

825 University Avenue

Norwood, MA 02062

United States

Founded in 1976

649 Employees

Phone:

781-461-1000

Fax:

781-329-8836

Key Executives for Xcerra Corporation

Chief Executive Officer
Age: 55
Total Annual Compensation: $600.0K
Chief Financial Officer
Age: 50
Total Annual Compensation: $380.4K
Senior Vice President of Global Customer Team
Age: 52
Total Annual Compensation: $349.4K
Vice President of Semiconductor ATE Group
Age: 58
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2013.

Xcerra Corporation Key Developments

Xcerra Corporation Announces Earnings Results for the Third Quarter and Nine Months Ended April 30, 2014; Provides Earnings Guidance for the Fourth Quarter and Full Year Ending July 31, 2014

Xcerra Corporation announced earnings results for the third quarter and nine months ended April 30, 2014. The company has reported that net loss for the third quarter ended April 30, 2014 was $200,000, or $0 per share, compared to a net loss of $4.74 million, or $0.10 loss per share, for the same quarter ended April 30, 2013. Net sales for the third quarter ended April 30, 2014 were $105.42 million, compared to $36.26 million for the same quarter ended April 30, 2013. Net loss for the nine months ended April 30, 2014 was $12.68 million, or $0.26 loss per share, compared to a net loss of $7.47 million, or $0.16 loss per share, for the same period ended April 30, 2013. Net sales for the nine months ended April 30, 2014 were $206.55 million, compared to $114.46 million for the same period ended April 30, 2013. For the fourth fiscal quarter ending July 31, 2014, the company expects net sales to be in the range of $113 million to $117 million and non-GAAP net income to be in the range of $0.12 to $0.16 per share. The company expects the positive outlook continuing into fourth fiscal quarter and excited about growth prospects for calendar year 2014.

Xcerra Seeks Acquisitions

Xcerra Corporation (NasdaqGS:XCRA) is looking for acquisition opportunities. Xcerra intends to raise $150 million by issuing securities and use the net proceeds from the sale of any securities offered for general corporate purposes unless otherwise indicated in the applicable prospectus supplement. General corporate purposes may include the acquisition of companies or businesses, repayment and refinancing of debt, working capital and capital expenditures.

Xcerra Corporation Presents at 5th Annual Needham & Co. SemiCap Equipment Corporate Access Day, Jun-09-2014 02:00 PM

Xcerra Corporation Presents at 5th Annual Needham & Co. SemiCap Equipment Corporate Access Day, Jun-09-2014 02:00 PM. Venue: One Federal Street, Boston, Massachusetts, United States.

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