NEWARK, Calif.--(BUSINESS WIRE)--Jan 5, 2021--. (1) GAAP represents U.S. Generally Accepted Accounting Principles. The AP news staff was not involved in its creation. The Company, through its subsidiaries, provides specialty memory solutions. Customers rely on SGH businesses as their strategic … Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements. SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. The non-GAAP financial results presented herein exclude share-based compensation expense, intangible amortization expense, loss on extinguishment of debt/revolver, capped call MTM adjustment, convertible debt original issue discount (OID) and fees, restructuring expenses, integration expenses, COVID-19 expenses, acquisition-related expenses, gain on settlements and other infrequent or unusual expenses, and with respect to non-GAAP diluted EPS, foreign currency gains (losses). SMART Global Holdings specializes in application-specific product development and support for customers in enterprise, government and OEM sales channels. These businesses specialize in application-specific product development and support for customers in enterprise, government and OEM sales channels. +1 (510) 624-8126victor.tsai@smartm.com, EMEA Shares used in computing earnings per share: (1) Includes share-based compensation expense as follows: (2) Includes amortization of intangible assets expense as follows: Reconciliation of Non-GAAP Financial Measures to GAAP Results, Add: Share-based compensation included in cost of sales, Add: Intangible amortization included in cost of sales, Less: Share-based compensation expense included in opex, Less: Amortization of intangible assets included in opex, Add: Gain on settlement of indemnity claim, Add: Convertible debt discount OID and fees, Tax effect of adjustments to GAAP results, Tax effect of items excluded from non-GAAP results, Shares used in computing earnings per share (diluted), Reconciliation of GAAP Net Income to Adjusted EBITDA, Prepaid expenses and other current assets. SMART Modular’s proprietary SafeDATA™ advanced power loss data protection is available as an option. SMART Global Holdings (NASDAQ:SGH), memory and computing technology company announced US$278.4 million in net sales for the fourth quarter of 2019, dropping 6 percent year-over-year. These non-GAAP financial measures are also used by management to evaluate financial results, to plan and forecast future periods, and to assess performance of certain executives for compensation purposes. Adjusted EBITDA of $29.5 million, 25.4% higher than the year ago quarter. SMART Global Holdings (SGH) is a global leader in specialty memory solutions, serving the electronics industry for over 25 years and holds a leading, international, market position, as measured by revenue, in specialty memory. At Smart Global Holdings, we promise to treat your data with respect and will not share your information with any third party. Type of Company. By excluding these charges, as well as any related tax effects, our non-GAAP results provide information to management and investors that is useful in assessing SMART’s core operating performance and in evaluating and comparing our results of operations on a consistent basis from period to period. SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), today reported financial results for the first quarter fiscal 2021 ended November 27, 2020. SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), is responding to factual errors, erroneous conclusions and unfounded allegations that have recently been circulated and are affecting the market for our stock over the past few days. Free eBook Downloads; Evaluate Your Performance; Blog; Contact; Search for: Go! As a premier Tier-1 Flash solution supplier in these segments, SMART Modular fully understands the market requirements and has developed NVMSentry firmware specifically to meet customer needs. Total revenue grew by 7% when compared to the first quarter a year ago, and non-GAAP earnings per share of $0.78 exceeded the high end of our guidance range,” commented Mark Adams, President and CEO. The Company, through its subsidiaries, provides specialty memory solutions. IRIS provides Smart Identification Solution in Malaysia, we also provide Smart Card Solution with high technologies and the latest security features. Smart Global Holdings Inc Stocks making the biggest moves after the bell: Cal-Maine Foods, Myriad Genetics & more . We are a global leader in the design and manufacture of highly reliable embedded computing solutions for a broad range of defense, industrial IoT (IIoT), edge computing, and communications customers. January 5, 2021 by admin. Conference Call Details SMART will host a conference call today for analysts and investors at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. The index provider has decided to discontinue the Macquarie Global Infrastructure 100 index as of 22 May 2017, and as a result the Fund has decided to replace this index with the FTSE Global Core Infrastructure Index. Analysts covering Smart Global Holdings Inc currently have a consensus Earnings Per Share (EPS) forecast of 3.28 for the next financial year. SMART Modular Announces New “ME” Series SATA SSD Products. Semiconductors Holding Companies. SMART Global Holdings manufactures memory for desktops, notebooks, and servers, as well as mobile memory for smartphones. Smart Global Holdings Inc 's Customers by segments, comparisons of sales, income and profit margin by Product and service group - CSIMarket “The NVMSentry firmware architecture forms the basis for SMART Modular to create innovative and cost-effective SSD products for our customers’ needs. Smart Global Holdings Inc 's Customers have recorded an advance in their cost of revenue by 0.94 % in the 2 quarter 2020 year on year, sequentially costs of revenue grew by 3.76 %, for the same period Smart Global Holdings Inc recorded revenue increase by 19.36 % year on year, sequentially revenue grew by 3.4 %. Business Outlook The following statements are based upon management’s current expectations for the second quarter of fiscal 2021 ending February 26, 2021. SMART is … Press release content from Business Wire. SMART Modular delivers solutions to a broad customer base, including OEMs in computing, networking, communications, storage, mobile, military, aerospace and industrial markets. SMART Global Holdings Inc () Stock Market info Recommendations: Buy or sell SMART Global Holdings stock? SMART is a global leader in specialty memory, storage and high-performance computing solutions serving the electronics industry for over 30 years. About SMART Global Holdings – SGH. Cases of eggs from Cal-Maine Foods, Inc., await to be handed out by the Mississippi Department of Agriculture and Commerce employees to several hundred families along with over 1,400 boxes of meat products from Merchants Foodservice and 2,200 gallons … SMART GLOBAL HLD. At that level they are trading at 23.41% discount to the analyst consensus target price of 0.00. Investor Relations for Vector Metering, New Zealand’s leading advance metering hardware and service provider expertise, delivers services to more than 1.7 million homes and business across the country. We define Adjusted EBITDA as GAAP net income (loss) plus net interest expense, income tax expense, depreciation and amortization expense, share-based compensation expense, loss on extinguishment of debt/revolver, capped call mark to market (MTM) adjustment, restructuring expenses, integration expenses, COVID-19 expenses, acquisition-related expenses, gain on settlements and other infrequent or unusual items. Smart Global Holdings Inc 's Suppliers by segments, comparisons of sales, income and profit margin by Product and service group - CSIMarket Focused on providing extensive customer-specific design capabilities, technical support and value-added testing services, SMART collaborates closely with their global OEM customers throughout the design process and across multiple projects to create solutions for demanding applications with differentiated requirements. SMART Wireless' cost effective OTS/BTO products based on multiple generations of Snapdragon processors in different form factors, comprehensive connectivity, and video/audio interfaces provide excellent product ready solutions. SMART Global Holdings, Inc. (“SMART” or “SGH”) is a global leader in specialty memory, storage and hybrid solutions serving the electronics industry for over 25 years. You must click the activation link in order to complete your subscription. First SSD Product Family with SMART Modular Proprietary NVMSentry™ Firmware. Adjustments to reconcile net income to net cash provided by operating activities: Provision for doubtful accounts receivable and sales returns, (Gain) Loss on disposal of property and equipment, Amortization of debt discounts and issuance costs, Amortization of operating lease right-of-use assets. The combination of NVMSentry firmware, along with a best-in-class SSD controller, offers exceptional performance while providing the flexibility and optionality for customization that are crucial for mission critical applications in the networking, data communication and industrial embedded market segments. A Member Of The STANDS4 Network. 39870 Eureka Drive,Newark, CA 94560-4809. Victor Tsai, Flash Product Director New products on display at Flash Memory Summit in Santa Clara, CA NEWARK, CA, August 6, 2019 — SMART Modular Technologies, Inc., a subsidiary of SMART Global Holdings, Inc., (NASDAQ: SGH), and a leader in specialty memory, storage and hybrid solutions including memory modules, Flash memory cards SMART Global Holdings Inc. entered into an agreement with Cree Inc. to purchase the Cree LED Products business. SMART Modular Technologies Non-GAAP Information Certain non-GAAP financial measures are contained in this press release or will be discussed on our conference call, including non-GAAP gross profit, non-GAAP operating income, Adjusted EBITDA, non-GAAP net income, and non-GAAP net income per diluted share. Jack Pacheco appointed President of SMART Memory Solutions Business KiWan Kim promoted to EVP of SMART Global Holdings and President of SMART Emerging Markets SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), today announced executive promotions within the company’s senior About SMART Global Holdings The SMART family of companies are global leaders in specialty memory, storage and hybrid solutions serving the electronics industry with standard and custom products for over 25 years. First SSD Product Family with SMART Modular Proprietary NVMSentry™ Firmware. Our Vision To be the preferred global supplier of specialty chemical products and innovative materials that enhance quality of life, improve crop yields, support health and wellness, and enable our customers to deliver value-added solutions. Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), announced today it completed the transaction to acquire the Revolos family of companies. SMART Global Holdings, Inc. engages in the design, manufacture, and sale of specialty memory solutions and services to the electronics industry. SMART is dedicated to developing cutting-edge technologies and customization services tailored to individual needs. SMART cannot predict such factors, nor can it assess the impact, if any, from such factors on SMART or its subsidiaries’ results. Cases of eggs from Cal-Maine Foods, Inc., await to be handed out by the Mississippi Department of Agriculture and Commerce employees to several hundred families along with over 1,400 boxes of meat products from Merchants Foodservice and … Sorry, we didn't find any content on this topic. The acquisition is valued at up to $300 a of The acquisition is valued at up to $300 a of SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. If you experience any issues with this process, please contact us for further assistance. NEWARK, CA, January 8, 2020 — SMART Modular Technologies, Inc., a subsidiary of SMART Global Holdings, Inc., (NASDAQ: SGH), and a leader in specialty memory, storage and hybrid solutions including memory modules, Flash memory cards and other solid state storage products, today announced the introduction of the ME1 and ME2 Series SATA Solid State Drive (SSD) products. Filter by Department: We couldn't find any related products. In addition, these measures may not be used similarly by other companies and therefore may not be comparable between companies. Serving industry for over 30 years, SMART Modular Technologies is a global leader in specialty products including memory modules, solid state  storage products and hybrid solutions which are critical to electronic devices and are available in standard, custom and ruggedized, high performance, high capacity applications. 1988. Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agreement to sell its LED Products business unit ("Cree LED") to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to $300 million, including fixed upfront and deferred payments and contingent consideration. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. Shares of SMART Global Holdings are having a bad day today. SMART Global Holdings (SGH) is a global leader in specialty memory solutions, serving the electronics industry for over 25 years and holds a leading, international, market position, as measured by revenue, in specialty memory. 747525103 3539488.00000000 ns … SMART’s product offerings are designed for diverse applications ranging from IIoT, Networking, Industrial, Data Center, Point-of-Sales, Transportation, AI to Military. Non-GAAP net income of $19.6 million or $0.78 per share, 46.4% and 41.8% higher than the year ago quarter, respectively. Customers rely on SGH businesses as their strategic … About SMART Global Holdings. Premium. Leveraging SMART’s diverse customer base and global operations, Cree LED will be well positioned to continue to deliver industry leading products. We offer e-commerce solution development, website design, system customization, online marketing (from concept to launch), business consultancy and so on in order to help businesses to go online without having to deal with numerous vendors. Cree Inc., Durham NC, has entered into a definitive agreement to sell its LED Products business unit to SMART Global Holdings Inc. for up to USD$300-million, including fixed upfront and deferred payments and contingent consideration. n/a 484400.00000000 ns usd 13001296.00000000 0.339786207227 long ec corp ky n 1 n n n fidelity revere street trust 549300bdv45ljnxbzc55 31635a303 129160958.79100000 ns usd 129173874.89000000 3.375932754836 long stiv rf us n 1 n n advanced … Home. These businesses specialize in application-specific product development and support for customers in enterprise, government and OEM sales channels. The latest UP Global Sourcing Holdings plc (UPGS) Ord 0.25p share price (UPGS). SMART undertakes no obligation to update these statements. Forward-Looking Statements This release contains, and statements made during the above-referenced conference call will contain “forward-looking statements” including among other things, statements regarding future events and the future financial performance of SMART (including the business outlook for the next fiscal quarter) and statements regarding growth drivers in SMART’s industries and markets. SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. Smart Global Holdings Inc Stocks making the biggest moves after the bell: Cal-Maine Foods, Myriad Genetics & more . n/a 1227818.00000000 ns usd 139590628.42000000 3.648172474136 long ec corp nl n 1 n n n smart global holdings inc 529900rdghqy8xkxpn14. Headquarters. SMART Modular is a subsidiary of SMART Global Holdings, Inc. SMART Media Contacts: SMART operates in three primary product areas: Specialty Memory products, Brazil products and Specialty Compute and Storage Solutions. Expect SMART Modular to introduce additional SSD products with NVMSentry firmware in the near future.”. About SMART Global Holdings. These non-GAAP financial measures are provided to enhance the user’s overall understanding of our financial performance. The sale of the LED manufacturing business to SMART Global Holdings is part of … Changes in operating assets and liabilities: Net cash provided by operating activities, Capital expenditures and deposits on equipment, Proceeds from sale of property and equipment, Proceeds from borrowings under revolving line of credit, Repayments of borrowings under revolving line of credit, Proceeds from issuance of ordinary shares from share option exercises, Proceeds from issuance of ordinary shares from ESPP, Withholding tax on restricted stock units, Effect of exchange rate changes on the cash and cash equivalents, Net increase in cash and cash equivalents, Cash and cash equivalents at beginning of period. +44 (0) 1243 531123rhianna@napierb2b.com. SMART, a developer of electronics industry solutions for the memory, computing, and storage markets, will absorb CREE LED’s portfolio of LED chips and components. WE, Transform Your eCommerce Solution. SMART Global Holdings, Inc. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. DURHAM, N.C.--(BUSINESS WIRE)--Oct 19, 2020--Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agreement to sell its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to $300 million, including fixed upfront and deferred payments and contingent consideration. The new ME1 and ME2 Series are the first SATA SSD products incorporating SMART Modular’s proprietary NVMSentry™ firmware. These forward-looking statements are made as of today, and SMART does not intend, and has no obligation, to update or revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release, except as required by law. SMART is a global leader in specialty memory, storage and high-performance computing solutions serving the electronics industry for over 30 years. The acquisition is valued at up to $300 a of The acquisition is valued at up to $300 a of SMART Global Holdings Inc. entered into an agreement with Cree Inc. to purchase the Cree LED Products business. View source version on businesswire.com:https://www.businesswire.com/news/home/20210105005923/en/. The Web's Largest Resource for Acronyms & Abbreviations. Forward-looking statements should not be relied upon as a prediction of actual results. Investor Relations for SMART Global Holdings, Inc. KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA, INDUSTRY KEYWORD: TECHNOLOGY NETWORKS HARDWARE SECURITY, PUB: 01/05/2021 04:05 PM/DISC: 01/05/2021 04:05 PM, http://www.businesswire.com/news/home/20210105005923/en. Free Consultancy. Schedule A Demo. DURHAM, N.C.--(BUSINESS WIRE)--Oct 19, 2020--Cree, Inc. (Nasdaq: CREE) today announced that the Company has entered into a definitive agreement to sell its LED Products business unit (“Cree LED”) to SMART Global Holdings, Inc. (Nasdaq: SGH) for up to $300 million, including fixed upfront and deferred payments and contingent consideration. Suzanne Schmidt Smart Global Holdings, Inc. Overview. SMART specializes in application specific product development and support for customers in enterprise, government and OEM sales channels. These businesses specialize in application-specific product development and support for customers in enterprise, government and OEM sales channels. The presentation of this additional information is not meant to be a substitute for the corresponding financial measures prepared in accordance with U.S. GAAP. (2) Please refer to the “Non-GAAP Information” section and the “Reconciliation of Non-GAAP Financial Measures” tables below for further detail on the non-GAAP financial reporting referenced above and a reconciliation of such measures to our nearest GAAP measures. SMART Global Holdings, Inc. Smart Global Holdings's top competitors include Viking Technology, Transcend, Toshiba, Western Digital and Samsung Electronics. SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. “Customers in the networking, data communication and industrial embedded market segments demand reliability and robust performance in SSD products for their applications,” said Victor Tsai, Director of Flash Products at SMART Modular Technologies. SMART Embedded Computing (formerly Artesyn Embedded Computing) is part of the SMART Global Holdings, Inc family of companies. View recent trades and share price information for UP Global Sourcing Holdings plc (UPGS) Ord 0.25p SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. The stock is trading 27% lower as of 2:10 p.m. EST, and that's a rebound from a 29.5% drop earlier in the session. Shares in Smart Global Holdings Inc are currently priced at $29.96. The company offers dynamic random access memory (DRAM) modules, and components for various applications, specialized memory module designs based on original equipment manufacturer (OEM) requirements, as well as flash memory, USB, and serial advanced technology attachment products. These statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including but not limited to: business and economic conditions and growth trends in the technology industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; disruptions in our operations or in global markets as a result of the outbreak of COVID-19; changes in trade regulations or adverse developments in international trade relations and agreements; changes in currency exchange rates; overall information technology spending; appropriations for government spending; the success of our strategic initiatives including additional investments in new products, additional capacity and acquisitions; the DRAM market and the temporary and volatile nature of pricing trends; deterioration in customer relationships; production or manufacturing difficulties; competitive factors; technological changes; difficulties with or delays in the introduction of new products; slowing or contraction of growth in the memory market in Brazil; reduction in or termination of incentives for local manufacturing in Brazil; changes to applicable tax regimes or rates; prices for the end products of our customers; fluctuations in material costs and availability; strikes or labor disputes; deterioration in or loss of relations with any of our limited number of key vendors; changes in the availability of supply of materials, components or memory products; the inability of Penguin Computing to obtain and retain security clearances to expand its government business; and other factors and risks detailed in SMART’s filings with the Securities and Exchange Commission. EDMI is proud to have played a significant role in the success of the rollout. Public. quote : historical data and live quotes, charts, news, analyses, trading signals, calendar, informations and community tools Investor Contact You can sign up for additional alert options at any time. Rhianna Bull, Account Manager SMART Global Holdings. SMART delivers components, modules and solutions to a broad OEM customer base, in computing, networking, communications, storage, mobile and industrial markets. (1) Amounts related to acquisitions of Cree (pending) and SMART EC & Wireless (July 2019). Leveraging SMART’s diverse customer base and global operations, Cree LED will be well positioned to continue to deliver industry leading products. Taking innovations from the design stage through manufacturing and supply, SMART Modular has developed a comprehensive product line comprised of DRAM, Flash and hybrid memory and storage technologies across various form factors. By providing your email address below, you are providing consent to Smart Global Holdings to send you the requested Investor Email Alert updates. Industries. For more information about SGH business units, visit: SMART Modular Technologies; SMART Embedded Computing; SMART Supply Chain Services; and Penguin Computing. About SMART Modular Technologies Try a new search. We offer e-commerce solution development, website … Adjusted EBITDA is not a measure of financial performance calculated in accordance with U.S. GAAP and should be viewed as a supplement to, not a substitute for, our results of operations presented on the basis of U.S. GAAP. Forward-Looking Statements SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. Next financial year process, please refer to www.smartm.com ME2 Series are the first SATA SSD products incorporating Modular! 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