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12 Q1'18 Q1'17 YoY Net Sales 530 480 10% YoY% 10% 7% YoY% - - PowerPoint PPT Presentation
12 Q1'18 Q1'17 YoY Net Sales 530 480 10% YoY% 10% 7% YoY% - - PowerPoint PPT Presentation
12 Q1'18 Q1'17 YoY Net Sales 530 480 10% YoY% 10% 7% YoY% CC 13% 7% Gross Profit 196 171 15% % of Net Sales 37.0% 35.6% 140bp Operating Expenses 153 133 15% % of Net Sales 28.9% 27.7% 120bp Operating Income 43 38 14%
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Q1'18 Q1'17
Net Sales 530 480 10%
YoY% 10% 7% YoY% CC 13% 7%
Gross Profit 196 171 15%
% of Net Sales 37.0% 35.6% 140bp
Operating Expenses 153 133 15%
% of Net Sales 28.9% 27.7% 120bp
Operating Income 43 38 14%
% of Net Sales 8.1% 7.9% 20bp
Net Income 40 33 20%
% of Net Sales 7.5% 6.9% 60bp
Earnings Per Share $0.24 $0.20 20% Diluted Share Count 168.3 164.3
YoY
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Net Sales (USD) Q1'18 Q1'17
Pointing Devices 122 117 5% 6% Keyboards & Combos 116 118 (2%) 0% PC Webcams 26 25 1% 3% Tablet & Access 23 14 67% 71%
VC
Video Collaboration 36 24 49% 51% Mobile Speakers 63 57 10% 10% Audio PC & Wearables 50 57 (11%) (10%)
Gaming
Gaming 78 57 38% 40%
Smart Home
Smart Home 16 11 47% 49% Net Sales 530 480 10% 13%
YoY CC Creativity & Productivity Music YoY
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8% 11% 8% 30% 11% 22% 23% 20% 17% 11% 14% 6% 13% 11% 19%
Q1'17 Q2'17 Q3'17 Q4'17 Q1'18
Regional Sales YoY% CC
Q1'18 Q1'17
Americas 245 223 10% 11% 14% EMEA 151 143 5% 11% 15% Asia Pacific 134 114 17% 19% 22% Net Sales 530 480 10% 13% 16%
Sell- Through YoY
YoY YoY CC Net Sales (USD)
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35.6% 37.0% 37.4% 39.2%1 37.0% 30.0% 31.0% 32.0% 33.0% 34.0% 35.0% 36.0% 37.0% 38.0% 39.0% 40.0% Q1'17 Q2'17 Q3'17 Q4'17 Q1'18
Non-GAAP Gross Margin
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Q1'18 Q1'17
Sales & Marketing 98 80 22%
% of Sales
18.5% 16.8% 170bp
Research & Development 34 31 8%
% of Sales
6.3% 6.5% (20bp)
General & Administrative 21 22 (1%)
% of Sales
4.0% 4.5% (50bp)
Operating Expenses 153 133 15%
% of Sales
28.9% 27.7% 120bp YoY
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Q1'18 Q1'17
Cash from Operations (1) 17 (18) Ending Cash Balance 528 440 88 Inventory 279 248 32 Inventory Turns 4.8 5.0
(0.2 Turns)
DSI 75 72
3 Days
Accounts Receivable 221 192 29 DSO 38 36
2 Days
Accounts Payable 313 293 20 DPO 84 85
(1 Days)
Cash Conversion Cycle 29 23 6 Days
YoY
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