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Cree announced the results of its fiscal 1Q20 ended September 29, 2019. For the fiscal quarter, Cree registered a revenue of US$242.8 million, which represents an on-year decrease of 11% and a 3% decrease compared to the previous quarter.
GAAP net loss from continuing operations for the first quarter was $37.8 million compared to GAAP net loss from continuing operations of $0.8 million for the first quarter of fiscal 2019. On a non-GAAP basis, net loss from continuing operations for the first quarter of fiscal 2020 was $3.6 million.
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