SWKS » Topics » GROSS PROFIT

This excerpt taken from the SWKS 10-Q filed May 11, 2005.

GROSS PROFIT

 

 

Three Months Ended March 31,

Six Months Ended March 31,

 

 

 

 

 

2005

 

Change

 

2004

 

2005

 

Change

 

2004

 

(in thousands)

 

 

 

 

 

 

 

Gross profit

$ 72,599

0.5%

$ 72,204

$ 160,618

13.3%

$ 141,772

 

% of net revenues

38.1%

 

39.4%

39.1%

 

39.5%

 

 

Gross profit represents net revenues less cost of goods sold. Cost of goods sold consists primarily of purchased materials, labor and overhead (including depreciation) associated with product manufacturing, royalty and other intellectual property costs and sustaining engineering expenses pertaining to products sold.

 

Gross profit as a percentage of net revenues declined for the three and six months ended March 31, 2005 when compared to the corresponding periods in the previous fiscal year primarily as the result of additional costs we incurred as we launched and ramped a number of more highly integrated product offerings. This was partially offset by increased operational efficiency through capacity utilization. We will continue to focus on attaining further operational efficiencies and launching new, more highly innovative products with higher average selling prices and gross margins.

 

 

This excerpt taken from the SWKS 10-Q filed Feb 7, 2005.

GROSS PROFIT

Three Months Ended December 31,
(in thousands) 2004
Change
2003
Gross profit:   $    88,019   26 .5% $    69,568  
% of net revenues  40.0%   39.7%

Gross profit represents net revenues less cost of goods sold. Cost of goods sold consists primarily of purchased materials, labor and overhead (including depreciation) associated with product manufacturing, royalty and other intellectual property costs and sustaining engineering expenses pertaining to products sold.

Gross profit improved for the three months ended December 31, 2004 when compared to the corresponding period in the previous fiscal year primarily as the result of increased operational efficiency through capacity utilization. This was partially offset by additional costs we incurred as we launched and ramped a number of more highly integrated product offerings.

EXCERPTS ON THIS PAGE:

10-Q
May 11, 2005
10-Q
Feb 7, 2005
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