Cree, Inc. is an American worldwide manufacturer and marketer of lighting-class LEDs, lighting products and products for power and radio-frequency applications. Most of its products are based on silicon carbide (SiC), a rare, naturally occurring mineral compound which early Cree researchers successfully synthesized in a laboratory. SiC enables higher performance in applications which require high endurance and in semiconductor devices that operate at high temperatures or high voltages, or both. With the establishment of a reliable source for high-quality SiC, the Company expanded into several market segments with products that provided significantly higher performance and efficiency. Cree's product families include LED lighting systems and bulbs, blue and green LED chips, high-brightness LEDs, lighting-class power LEDs, and a portfolio of SiC-based and wide bandgap SiC-on-GaN (gallium nitride) power-switching and RF (radio frequency) devices. These products enable applications that include general illumination, electronic signs and signals, industrial power supplies and inverters, and military, satellite and broadband telecommunications.

Company Growth (employees)
Type
Public
HQ
Durham, US
Founded
1987
Size (employees)
6,237 (est)
Website
cree.com
Cree was founded in 1987 and is headquartered in Durham, US

Key People at Cree

Thomas Werner

Thomas Werner

Director
Anne Whitaker

Anne Whitaker

Director
Robert Ingram

Robert Ingram

Director

Cree Office Locations

Cree has offices in Durham, Täby, Shanghai, Shenzhen Shi and in 8 other locations
Durham, US (HQ)
4600 Silicon Drive
Bayan Lepas, MY
15 Lebuh Nipah 5
Hong Kong, HK
Green 18 18 Science Park E Ave
Unterschleißheim, DE
12 Einsteinstraße
Mississauga, CA
6 6889 Rexwood Rd
Goleta, US
340 Storke Rd
Show all (13)

Cree Data and Metrics

Cree Financial Metrics

Cree's revenue was reported to be $341.5 m in Q3, 2017
USD

Revenue (Q3, 2017)

341.5 m

Net income (Q3, 2017)

(92.2 m)

EBIT (Q3, 2017)

(19.9 m)

Market capitalization (17-Aug-2017)

2.2 b

Cash (26-Mar-2017)

117.1 m
Cree's current market capitalization is $2.2 b.
USDFY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.6 b1.6 b

Revenue growth, %

(1%)(1%)

Operating expense total

484.5 m547.5 m497.5 m

EBIT

134.3 m(72.5 m)(10.5 m)

EBIT margin, %

8%(4%)(1%)

Pre tax profit

(82.9 m)

Income tax expense

(18.9 m)

Net Income

124.2 m(64.1 m)(21.5 m)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

425.5 m435.8 m366.9 m321.3 m347 m341.5 m

R&D expense

43.5 m42 m41.9 m28.5 m28.1 m41.5 m

Operating expense total

43.5 m42 m41.9 m28.5 m28.1 m41.5 m

EBIT

(8.7 m)9.4 m(4.5 m)(10.1 m)8.7 m(19.9 m)

EBIT margin, %

(2%)2%(1%)(3%)3%(6%)

Pre tax profit

(31.5 m)17.4 m(3.8 m)(10.3 m)3.9 m(10 m)

Income tax expense

(7.9 m)3.5 m(4 m)(7.4 m)5 m89 m

Net Income

11.1 m23.3 m23.9 m(23.6 m)(9.7 m)(10.9 m)566 k6.8 m(92.2 m)
USDFY, 2014FY, 2015FY, 2016

Cash

286.8 m139.7 m166.2 m

Accounts Receivable

225.2 m186.2 m165.6 m

Inventories

284.8 m280.6 m303.5 m

Current Assets

1.8 b1.3 b1.2 b

PP&E

605.7 m635.1 m599.7 m

Goodwill

616.3 m616.3 m618.8 m

Total Assets

3.3 b3 b2.8 b

Accounts Payable

734 k

Total Debt

160 m

Current Liabilities

306.7 m254.8 m223 m

Non-Current Liabilities

47.6 m233.3 m175.2 m

Total Liabilities

354.2 m488 m398.2 m

Additional Paid-in Capital

2.2 b2.3 b2.4 b

Retained Earnings

788.6 m174.9 m

Total Equity

2.5 b2.4 b

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.2 x1.2 x
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

196.3 m200 m204.7 m83.4 m90.6 m115.6 m127.8 m137.1 m117.1 m

Accounts Receivable

237 m219 m216.2 m193.8 m183.1 m178.6 m146.1 m121.8 m149.5 m

Inventories

310.8 m332.5 m299.4 m289.1 m280.8 m297.9 m291.5 m281.7 m291.1 m

Current Assets

1.8 b1.5 b1.4 b1.3 b1.2 b1.2 b1.5 b1.5 b1.1 b

PP&E

635.3 m652.9 m654.2 m635.8 m623.3 m612.1 m373.2 m360.2 m574.3 m

Goodwill

616.3 m616.3 m616.3 m618.8 m618.8 m618.8 m518.1 m518.1 m618.8 m

Total Assets

3.4 b3.2 b3.1 b2.9 b2.8 b2.8 b2.8 b2.7 b2.6 b

Current Liabilities

292.9 m244.9 m200.3 m251.8 m235.6 m218 m210.9 m214.6 m207.4 m

Non-Current Liabilities

89.9 m190.9 m188.6 m250.4 m224.5 m242.7 m199.6 m193 m219.5 m

Additional Paid-in Capital

2.2 b2.2 b2.3 b2.3 b2.3 b2.3 b2.4 b2.4 b2.4 b

Retained Earnings

745.4 m491.5 m422.4 m81.7 m33.5 m10 m(35.7 m)(92.3 m)(196.9 m)

Total Equity

2.4 b2.4 b2.4 b2.3 b2.3 b2.2 b

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.2 x1.2 x
USDFY, 2014FY, 2015FY, 2016

Net Income

124.2 m(64.1 m)(21.5 m)

Depreciation and Amortization

163 m172.3 m159.1 m

Accounts Receivable

(33 m)37.9 m21.8 m

Inventories

(87 m)3.5 m(23 m)

Cash From Operating Activities

319.3 m181.3 m203.3 m

Purchases of PP&E

(178.6 m)(206.2 m)(120 m)

Cash From Investing Activities

(242.3 m)(16.1 m)(7.9 m)

Cash From Financing Activities

19.5 m(311.4 m)(167.9 m)

Interest Paid

1 m3.1 m

Income Taxes Paid

10.3 m28.8 m14.7 m
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

11.1 m23.3 m23.9 m(23.6 m)(9.7 m)(10.9 m)566 k6.8 m(92.2 m)

Depreciation and Amortization

43.3 m87.1 m130.4 m41.2 m81.4 m119.9 m35.9 m62.6 m113.5 m

Accounts Receivable

(12 m)5.6 m7.6 m(6.4 m)3.9 m8.6 m(9.2 m)13.6 m16.1 m

Inventories

(25.7 m)(47.7 m)(15.1 m)(8.4 m)(514 k)(17.5 m)(10.8 m)1.3 m12.1 m

Cash From Operating Activities

13.3 m28.1 m93.7 m46.8 m123.8 m138.8 m18.1 m119.7 m163.2 m

Purchases of PP&E

(63.4 m)(113.4 m)(158.3 m)(49.9 m)(81.8 m)(99.7 m)(19.3 m)(35.2 m)(56.9 m)

Cash From Investing Activities

(107.7 m)33.2 m36.7 m(42.6 m)(55 m)(50.7 m)(48.2 m)(67.7 m)(108.2 m)

Cash From Financing Activities

4.2 m(147.6 m)(211.6 m)(59.8 m)(116.8 m)(111.2 m)(8.2 m)(80.4 m)(103.6 m)
USDY, 2017

Revenue/Employee

54.8 k

Financial Leverage

1.2 x

Cree Operating Metrics

Cree's Backlog was reported to be $181.7 m in FY, 2016
FY, 2014FY, 2015FY, 2016

Backlog

$193.2 m$238.4 m$181.7 m

Patents (US)

1.33 k1.58 k1.82 k

Patents (foreign)

2.34 k2.73 k2.98 k

    Cree Market Value History

    Cree Revenue Breakdown

    Cree Median Salaries

    Source: 76 public H-1B filings from Cree

    Traffic Overview of Cree

    Cree Online and Social Media Presence

    Cree News and Updates

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