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Coherent (COHR) stock price, revenue, and financials

Coherent market cap is $6.7 b, and annual revenue was $1.49 b in FY 2021

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-6.41(-2.38%)

$6.7 B

COHR Mkt cap, 13-May-2022

$384.5 M

Coherent Revenue Q1, 2022

Coherent Gross profit (Q1, 2022)167.6 M

Coherent Gross profit margin (Q1, 2022), %43.6%

Coherent Net income (Q1, 2022)30.3 M

Coherent EBIT (Q1, 2022)42.5 M

Coherent Cash, 01-Jan-2022392.6 M

Coherent EV6.7 B

Coherent Revenue

Coherent revenue was $1.49 b in FY, 2021 which is a 21% year over year increase from the previous period.

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Coherent Revenue Breakdown

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Coherent revenue breakdown by business segment: 38.6% from Industrial Lasers & Systems and 61.4% from OEM Laser Sources

Coherent revenue breakdown by geographic segment: 18.4% from South Korea, 9.3% from Europe, Other, 9.2% from Asia-Pacific, Other, 8.0% from Japan, 22.6% from United States, 18.4% from China, 9.4% from Germany and 4.7% from Other

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Revenue	1.4b	1.2b	1.5b
Revenue growth, %	(25%)	(14%)	21%
Cost of goods sold	944.2m	818.1m	918.6m
Gross profit	486.5m	410.9m	568.8m
Gross profit Margin, %	34%	33%	38%
R&D expense	117.4m	115.6m	124.3m
General and administrative expense	272.3m	270.5m	303.9m
Operating expense total	403.4m	841.1m	667.1m
Depreciation and amortization	13.8m	4.0m	2.9m
EBIT	83.1m	(430.2m)	(98.2m)
EBIT margin, %	6%	(35%)	(7%)
Interest expense	19.1m	17.0m	18.1m
Interest income	1.1m	1.1m	458.0k
Pre tax profit	60.0m	(442.7m)	(115.5m)
Income tax expense	6.2m	(28.6m)	(8.8m)
Net Income	53.8m	(414.1m)	(106.8m)
EPS	2.2	(17.2)	(4.4)

Quarterly

USD	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Revenue	383.1m	372.9m	339.2m	320.8m	293.1m	298.3m	326.1m	374.0m	395.8m	384.5m
Cost of goods sold	233.8m	242.1m	241.2m	211.5m	199.0m	203.1m	206.1m	233.0m	239.8m	216.9m
Gross profit	149.4m	130.7m	98.0m	109.3m	94.1m	95.3m	120.0m	141.0m	156.0m	167.6m
Gross profit Margin, %	39%	35%	29%	34%	32%	32%	37%	38%	39%	44%
R&D expense	28.9m	30.5m	30.7m	28.7m	29.8m	28.3m	28.2m	32.0m	32.0m	29.8m
General and administrative expense	64.6m	69.5m	67.7m	68.6m	61.3m	67.5m	74.2m	72.7m	78.2m	93.8m
Operating expense total	96.5m	101.9m	105.2m	98.7m	543.4m	96.5m	103.0m	337.3m	113.9m	125.1m
Depreciation and amortization	3.0m	1.9m	6.8m	1.4m	1.3m	643.0k	597.0k	596.0k	1.1m	565.0k
EBIT	52.8m	28.9m	(7.2m)	10.6m	(449.3m)	(1.2m)	17.0m	(196.2m)	42.1m	42.5m
EBIT margin, %	14%	8%	(2%)	3%	(153%)	0%	5%	(52%)	11%	11%
Interest expense	4.9m	4.9m	5.0m	4.1m	4.4m	4.0m	4.5m	4.5m	4.6m	4.1m
Interest income	228.0k	418.0k	257.0k	267.0k	370.0k	269.0k	162.0k	110.0k	90.0k	93.0k
Pre tax profit	43.7m	24.6m	(11.5m)	7.6m	(455.0m)	(5.5m)	14.7m	(198.8m)	38.8m	36.3m
Income tax expense	8.1m	3.9m	(8.4m)	1.8m	(36.1m)	3.3m	14.5m	(40.5m)	8.6m	6.0m
Net Income	35.6m	20.8m	(3.1m)	5.8m	(418.9m)	(8.7m)	144.0k	(158.2m)	30.3m	30.3m
EPS	1.5	0.9	(0.1)	0.2	(17.4)	(0.4)	0.0	(6.5)	1.2	1.2

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Cash	305.8m	440.3m	456.5m
Accounts Receivable	267.6m	220.3m	249.4m
Prepaid Expenses	78.0m	88.3m	79.6m
Inventories	442.5m	426.8m	392.2m
Current Assets	1.1b	1.2b	1.2b
PP&E	323.4m	245.7m	302.6m
Goodwill	427.1m	101.3m	105.3m
Total Assets	2.1b	1.8b	1.9b
Accounts Payable	51.5m	60.2m	104.5m
Short-term debt	14.9m	16.8m	18.4m
Current Liabilities	240.3m	268.1m	382.2m
Long-term debt	392.2m	411.1m	425.8m
Total Liabilities	798.4m	900.3m	1.0b
Common Stock	238.0k	241.0k	244.0k
Additional Paid-in Capital	34.3m	80.3m	123.1m
Retained Earnings	1.3b	872.4m	765.6m
Total Equity	1.3b	927.2m	868.2m
Debt to Equity Ratio	0.3 x	0.5 x	0.5 x
Debt to Assets Ratio	0.2 x	0.2 x	0.2 x
Financial Leverage	1.6 x	2 x	2.2 x

Quarterly

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Cash	349.6m	369.3m	379.0m	508.2m	353.0m	394.1m	392.6m
Accounts Receivable	235.9m	202.7m	197.8m	226.2m	248.9m	256.2m	243.4m
Prepaid Expenses	87.0m	89.0m	90.2m	91.8m	83.2m	87.7m	100.4m
Inventories	449.6m	457.4m	449.0m	416.4m	393.7m	400.5m	393.6m
Current Assets	1.1b	1.1b	1.2b	1.3b	1.1b	1.2b	1.1b
PP&E	327.7m	242.9m	251.5m	260.2m	264.4m	295.5m	306.9m
Goodwill	433.6m	95.7m	98.6m	104.7m	102.0m	106.7m	103.8m
Total Assets	2.2b	1.7b	1.8b	1.9b	1.8b	1.9b	1.8b
Accounts Payable	55.9m	62.0m	68.5m	62.4m	93.0m	108.8m	100.4m
Short-term debt	16.8m	16.3m	16.6m	17.1m	16.9m	17.7m	9.0m
Current Liabilities	256.4m	261.3m	263.5m	296.7m	343.0m	371.3m	345.4m
Long-term debt	396.2m	381.7m	397.3m	428.8m	409.6m	437.3m	413.8m
Total Debt	413.0m	398.0m	413.8m				422.8m
Total Liabilities	898.1m	851.9m	876.6m	937.8m	960.3m	1.0b	950.4m
Common Stock	240.0k	240.0k	241.0k	243.0k	243.0k	244.0k	246.0k
Additional Paid-in Capital	34.5m	44.6m	66.1m	89.1m	97.5m	113.4m	124.0m
Retained Earnings	1.3b	873.4m	864.7m	872.5m	714.3m	744.6m	795.9m
Total Equity	1.3b	873.4m	893.5m	951.9m	795.0m	839.5m	898.0m
Debt to Equity Ratio	0.3 x	0.5 x	0.5 x	0.5 x	0.5 x	0.5 x	0.5 x
Debt to Assets Ratio	0.2 x	0.2 x	0.2 x	0.2 x	0.2 x	0.2 x	0.2 x
Financial Leverage	1.7 x	2 x	2 x	2 x	2.2 x	2.2 x	2.1 x

Annual

USD	FY, 2019	FY, 2020	FY, 2021
Net Income	53.8m	(414.1m)	(106.8m)
Depreciation and Amortization	116.4m	76.8m	54.8m
Accounts Receivable	82.1m	53.1m	(28.7m)
Inventories	17.8m	28.5m	29.0m
Accounts Payable	(15.2m)	8.2m	42.5m
Cash From Operating Activities	181.4m	206.9m	72.9m
Purchases of PP&E	(83.3m)	(64.9m)	(82.6m)
Cash From Investing Activities	(100.3m)	(78.2m)	(72.9m)
Short-term Borrowings	(111.8m)	(14.5m)	(1.9m)
Long-term Borrowings	(7.5m)	(7.9m)	(8.6m)
Cash From Financing Activities	(80.5m)	(9.9m)	20.6m
Net Change in Cash	(5.4m)	126.9m	17.0m
Interest Paid	14.5m	13.7m	14.6m
Income Taxes Paid	156.7m	33.6m	30.3m

Quarterly

USD	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021	Q2, 2021	Q3, 2021	Q1, 2022
Net Income	5.8m	(413.1m)	(421.8m)	144.0k	(158.1m)	(127.8m)	30.3m
Depreciation and Amortization	25.5m	50.2m	63.4m	13.2m	26.7m	41.0m	12.4m
Accounts Receivable	34.3m	63.8m	71.7m	(359.0k)	(27.8m)	(33.2m)	4.3m
Inventories	(867.0k)	(19.3m)	(164.0k)	18.6m	30.1m	28.0m	(6.6m)
Accounts Payable	789.0k	9.9m	14.7m	(912.0k)	30.9m	44.4m	(4.1m)
Cash From Operating Activities	60.0m	105.8m	160.1m	74.9m	(68.3m)	3.1m	12.1m
Purchases of PP&E	(11.5m)	(35.4m)	(48.4m)	(15.1m)	(37.0m)	(60.5m)	(16.9m)
Cash From Investing Activities	(10.7m)	(34.5m)	(89.5m)	(13.4m)	(14.9m)	(66.3m)	(16.8m)
Short-term Borrowings	(12.2m)	(13.6m)	(14.0m)	(468.0k)	(939.0k)	(1.4m)	(10.5m)
Long-term Borrowings	(2.0m)	(3.9m)	(5.9m)	(2.1m)	(4.2m)	(6.5m)	(1.9m)
Cash From Financing Activities	(9.5m)	(11.2m)	(7.3m)	(5.6m)	(8.5m)	23.4m	(43.8m)
Net Change in Cash	43.9m	55.6m	65.6m	68.2m	(86.4m)	(35.3m)	(52.3m)

Coherent's Backlog was reported to be $717.1m in FY, 2021.

	FY, 2014	FY, 2015	FY, 2016	FY, 2017	FY, 2018	FY, 2019	FY, 2020	FY, 2021
Backlog	$328.3 m	$309.5 m	$605.3 m	$1.04 b	$759.9 m	$502.1 m	$548 m	$717.1 m
Backlog (Specialty Lasers and Systems)	$253 m	$219.3 m	$515.2 m	$801.4 m	$488.8 m	$309.5 m	$354.5 m	$426 m
Backlog (Commercial Lasers and Components)	$75.3 m	$90.2 m	$90.1 m	$238.6 m	$271.1 m	$192.6 m	$193.5 m	$291.1 m
Patents Issued	427	484	565	700	725	785	880	890
Patent Applications	147	139	133	275	245	225	185	195