BESIY - BE Semiconductor GAAP EPS of Euro0.50 revenue of Euro137.7M; issues Q1 outlook

• BE Semiconductor press release ( OTC:BESIY ): Q4 GAAP EPS of €0.50.
• Revenue of €137.7M (-19.8% Y/Y).
• Orders of €180.5M up 44.1% vs. Q3-22.
• Gross margin of 62.3% was equal to Q3-22 and above prior guidance, up 5.6 points vs. Q4-21.
• Outlook: Q1-23 revenue anticipated to decrease 0-10% vs. Q4-22 as industry downturn continues. Gross margin expected to range between 61%-63%.
• Total operating expenses are expected to increase by 15%-20% due to an incremental €7M of non-cash, share based compensation expense.

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