Stuttgart:S1L

Silicom Reports Q1 2024 Results and Progress of Strategic 5-Year Plan

Retrieved on: 
Thursday, May 2, 2024
Weather, Management, Silicom, Environment, KFAR, Share repurchase, GAAP, Reinsurance

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 1st.

Key Points: 
  • 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 1st.
  • Silicom's revenues for the first quarter of 2024 totalled $14.4 million compared with $37.2 million for the first quarter of 2023.
  • Management projects that revenues for the second quarter of 2024 will range from $15 million to $17 million.
  • This plan will take effect as soon as the previously-announced $15 million one-year plan is completed.

SILICOM'S FIRST QUARTER 2024 RESULTS RELEASE SCHEDULED FOR MAY 2, 2024

Retrieved on: 
Monday, April 1, 2024
Telephone, KFAR, Conference, Silicom, Eastern Time Zone, Broadcasting

KFAR SAVA, Israel, April 1, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its first quarter 2024 results on Thursday, May 2, 2024.

Key Points: 
  • - Conference Call Scheduled for Thursday, May 2, 2024 at 9:00am ET -
    KFAR SAVA, Israel, April 1, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its first quarter 2024 results on Thursday, May 2, 2024.
  • The Company will be hosting a conference call on that same day at 9:00am Eastern Time.
  • On the call, management will review and discuss the results, and will also be available to answer investors' questions, following the prepared remarks.
  • To participate, investors may either listen via a webcast link hosted on Silicom's website or via the dial-in.

Silicom Reports 2023 Results & Announces Strategic 5-Year Plan

Retrieved on: 
Thursday, February 1, 2024
EPS, Accounts payable, Accounts receivable, GAAP, Silicom, Earnings per share, KFAR, Acquisition, Share repurchase, Cost, Workforce, Reinsurance

KFAR SAVA, Israel, Feb. 1, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the fourth quarter and full year ended December 31, 2023, together with a 5-Year Strategic Plan recently approved by its Board of Directors.

Key Points: 
  • The main objective of the 5-Year Strategic Plan is to create significant shareholder value over time, increasing Earnings Per Share (EPS) gradually to above $3 in 2028.
  • To date, implementation of the plan has resulted in the discontinuation of two non-core programs and a downsizing of Silicom's workforce from 310 to 240 employees.
  • Associated one-time impairment of intangible assets and related write-offs of Cost of Sales have been reflected in the Company's fourth quarter GAAP financial results, with reconciliation detailed in the Non-GAAP financial results.
  • Fourth Quarter: Silicom's revenues for the fourth quarter of 2023 totalled $18.8 million compared with $45.2 million for the fourth quarter of 2022.

SILICOM'S FOURTH QUARTER & FULL YEAR 2023 RESULTS RELEASE SCHEDULED FOR FEBRUARY 1, 2024

Retrieved on: 
Tuesday, January 2, 2024
Telephone, KFAR, Conference, Eastern Time Zone, Silicom, Broadcasting

KFAR SAVA, Israel, Jan. 2, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its fourth quarter and full year 2023 results on Thursday, February 1, 2024.

Key Points: 
  • - Conference Call Scheduled for Thursday, February 1, 2024 at 9:00am ET -
    KFAR SAVA, Israel, Jan. 2, 2024 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its fourth quarter and full year 2023 results on Thursday, February 1, 2024.
  • The Company will be hosting a conference call on that same day at 9:00am Eastern Time.
  • On the call, management will review and discuss the results, and will also be available to answer investors' questions, following the prepared remarks.
  • To participate, investors may either listen via a webcast link hosted on Silicom's website or via the dial-in.

Silicom Reports Q3'23 Results: $30.1M Revenues with $0.30 Non-GAAP EPS

Retrieved on: 
Thursday, October 26, 2023
Silicom, KFAR, GAAP, COVID-19, Video game, Reinsurance

Third Quarter: Silicom's revenues for the third quarter of 2023 totalled $30.1 million compared with $39.2 million for the third quarter of 2022.

Key Points: 
  • Third Quarter: Silicom's revenues for the third quarter of 2023 totalled $30.1 million compared with $39.2 million for the third quarter of 2022.
  • On a GAAP basis, net income for the quarter totalled $1.2 million, or $0.18 per share (basic and diluted), compared with $6.0 million, or $0.88 per diluted share ($0.89 per basic share), for the third quarter of 2022.
  • First Nine Months: Silicom's revenues for the first nine months of 2023 totalled $105.4 million, unchanged compared with $105.4 million for the first nine months of 2022.
  • On a GAAP basis, net income for the period totalled $8.6 million, or $1.26 per diluted share ($1.27 million per basic share), compared with $12.7 million, or $1.87 per diluted share ($1.90 per basic share) for the first nine months of 2022.

SILICOM'S THIRD QUARTER 2023 RESULTS RELEASE SCHEDULED FOR OCTOBER 26, 2023

Retrieved on: 
Monday, October 2, 2023
Telephone, Silicom, ET, Conference, KFAR, Eastern Time Zone, Rare-earth element, Broadcasting

KFAR SAVA, Israel, Oct. 2, 2023 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its third quarter 2023 results on Thursday, October 26, 2023.

Key Points: 
  • - Conference Call Scheduled for Thursday, October 26, 2023 at 9:00am ET -
    KFAR SAVA, Israel, Oct. 2, 2023 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its third quarter 2023 results on Thursday, October 26, 2023.
  • The Company will be hosting a conference call that same day at 9:00am Eastern Time.
  • On the call, management will review and discuss the results, and will also be available to answer investors' questions.
  • To participate, investors may either listen via a webcast link hosted on Silicom's website or via the dial-in.

Silicom Reports Q2'23 Results: $38.1M Revenues with $0.66 Non-GAAP EPS

Retrieved on: 
Monday, July 31, 2023
Silicom, KFAR, Q3, GAAP, Video game, Reinsurance

Second Quarter: Silicom's revenues for the second quarter of 2023 totalled $38.1 million, up 12% compared with $34.2 million for the second quarter of 2022.

Key Points: 
  • Second Quarter: Silicom's revenues for the second quarter of 2023 totalled $38.1 million, up 12% compared with $34.2 million for the second quarter of 2022.
  • On a GAAP basis, net income for the quarter totalled $3.8 million, or $0.56 per share (basic and diluted), compared with $4.5 million, or $0.67 per diluted share ($0.68 per basic share), for the second quarter of 2022.
  • First Six Months: Silicom's revenues for the first half of 2023 totalled $75.3 million, up 14% compared with $66.2 million for the first half of 2022.
  • As such, the Company projects that Q3 will be a slower quarter, with revenues ranging between $30 and $31 million.

Silicom Launches Edge AI Product Line and Announces Partnership with Hailo

Retrieved on: 
Thursday, July 6, 2023
Silicom, Partnership, Pocs, Classification, Facial recognition, KFAR, Artificial intelligence, AI, Behavior, Customer service, Hailo

KFAR SAVA, Israel, July 6, 2023 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of networking and data infrastructure solutions, today announced the first in a new line of Edge AI products, the first fruit of a new partnership that it has formed with Hailo, a leading Artificial Intelligence (AI) chipmaker.

Key Points: 
  • The new product line integrates Hailo's AI-accelerators into Silicom's existing Edge platforms, thereby solving performance challenges for Edge AI use cases.
  • As a result, Silicom's products will be able to offer visual processing and AI inference at the edge at a uniquely attractive price/performance ratio.
  • "We are excited to bring this powerful new Edge AI solution, our first AI-focused product, to the market," commented Liron Eizenman, Silicom's CEO.
  • The wide range of Silicom Edge products empowered by the Hailo AI accelerators provides coverage for many Edge AI use cases."