Item 8. Financial Statements and Supplementary Data
Item 8.
Financial Statements and Supplementary Data
See Part IV, Item 15 "Exhibits and Financial Statement Schedules" for our consolidated financial statements and the notes and schedules thereto filed as part of this annual report.
Selected Quarterly Consolidated Financial Data
The following tables present our unaudited consolidated financial information for each of the eight quarters in the period ended June 30, 2020 . Net income (loss) per share for the four quarters of each fiscal year may not sum to the total for the fiscal year because of difference in the number of shares outstanding during each period. The operating results for any quarter should not be relied upon as necessarily indicative of results for any future period. We expect our quarterly operating results to fluctuate in future periods due to a variety of reasons, including those discussed in Item 1A. “Risk Factors.”
Quarter Ended
June 30,
2020
March 31,
2020
December 31,
2019
September 30,
2019
(in thousands, except per share data)
Revenue
$
122,395
$
106,852
$
117,860
$
117,802
Gross profit
$
28,934
$
22,459
$
24,406
$
26,932
Operating loss
$
(1,327
)
$
(8,619
)
$
(3,370
)
$
(621
)
Net loss including noncontrolling interest
$
(1,940
)
$
(9,886
)
$
(4,573
)
$
(1,858
)
Net loss attributable to noncontrolling interest
$
(1,835
)
$
(3,391
)
$
(3,568
)
$
(2,867
)
Net income (loss) attributable to Alpha and Omega Semiconductor Limited
$
(105
)
$
(6,495
)
$
(1,005
)
$
1,009
Net income (loss) per common share attributable to Alpha and Omega Semiconductor Limited
Basic
$
0.00
$
(0.26
)
$
(0.04
)
$
0.04
Diluted
$
0.00
$
(0.26
)
$
(0.04
)
$
0.04
Quarter Ended
June 30,
2019
March 31,
2019
December 31,
2018
September 30,
2018
(in thousands, except per share data)
Revenue
$
111,856
$
109,067
$
114,925
$
115,072
Gross profit
$
27,636
$
25,629
$
29,502
$
32,611
Operating income (loss)
$
(958
)
$
(3,735
)
$
(3,202
)
$
875
Net loss including noncontrolling interest
$
(2,235
)
$
(5,955
)
$
(5,535
)
$
(913
)
Net loss attributable to noncontrolling interest
$
(4,780
)
$
(4,400
)
$
(3,990
)
$
(3,329
)
Net income (loss) attributable to Alpha and Omega Semiconductor Limited
$
2,545
$
(1,555
)
$
(1,545
)
$
2,416
Net income (loss) per common share attributable to Alpha and Omega Semiconductor Limited
Basic
$
0.10
$
(0.06
)
$
(0.06
)
$
0.10
Diluted
$
0.10
$
(0.06
)
$
(0.06
)
$
0.10
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None
65