At Cree, we’re always on. We believe that meaningful change happens through sheer force of will and the determination of a team solving a problem, and we’re unafraid to kick down the door to make it happen. That’s how we inspired the LED revolution and continue to create brilliantly affordable, radically simple, uncompromisingly efficient solutions that transform the way we experience light. From inventing America’s best-selling light bulb to commercializing the brightest lighting-class LEDs, our vision isn’t just to cultivate a thriving business – it’s to better the world. And we don’t take no for an answer. Be part of what’s next. Our growing multi-billion dollar start-up is impressing the biggest names in tech. Join one of Fast Company’s The World’s 50 Most Innovative Companies 2015 and a 2014 MIT Technology Review “50 Smartest Company.” Let’s revolutionize energy efficiency and transform the way we experience light.
Company Growth (employees)
Type
Public
HQ
Durham, US
Founded
1987
Size (employees)
6,237 (est)-2%
Website
cree.com
Cree was founded in 1987 and is headquartered in Durham, US

Key People at Cree

Robert L. Tillman

Robert L. Tillman

Director
Thomas H.Werner

Thomas H.Werner

Director
Anne C. Whitaker

Anne C. Whitaker

Director
Robert A. Ingram

Robert A. Ingram

Director
Alan J. Ruud

Alan J. Ruud

Director and Vice Chairman

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
Unterschleißheim, DE
12 Einsteinstraße
Mississauga, CA
6 6889 Rexwood Rd
Goleta, US
340 Storke Rd
Racine, US
9201 Washington Ave
Sesto Fiorentino, IT
122 Via Sandro Pertini
Shenzhen Shi, CN
Cai Tian Lu
Shanghai, CN
Zhen Bei Lu
Täby, SE
30 Miklagårdsvägen
Durham, US
3028 E Cornwallis Rd

Cree Metrics

Cree Financial Metrics

Revenue (2016)

$1.6 b

Revenue growth (2015-16), %

(1%)

Gross profit

$487.1 m

Gross profit margin (2016), %

30%

Net income (2016)

($21.5 m)

Market capitalization (21-Mar-2017)

$2.6 b

Closing share price (21-Mar-2017)

$26.8

Cash (26-Jun-2016)

$166.2 m
Cree's current market capitalization is $2.6 b.
Cree's revenue was reported to be $1.6 b in FY, 2016 which is a 1% decrease from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$1.6 b$1.6 b$1.6 b

Revenue growth, %

(1%)(1%)

Gross profit

$618.8 m$475 m$487.1 m

Gross profit Margin, %

38%29%30%

Operating expense total

$484.5 m$547.5 m$497.5 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)
FY, 2014FY, 2015FY, 2016

Cash

$286.8 m$139.7 m$166.2 m

Accounts Receivable

$225.2 m$186.2 m$165.6 m

Inventories

$284.8 m$280.6 m$303.5 m

Current Assets

$1.8 b$1.3 b$1.2 b

PP&E

$605.7 m$635.1 m$599.7 m

Goodwill

$616.3 m$616.3 m$618.8 m

Total Assets

$3.3 b$3 b$2.8 b

Accounts Payable

Current Liabilities

$306.7 m$254.8 m$223 m

Non-Current Liabilities

$47.6 m$233.3 m$175.2 m

Total Liabilities

$354.2 m$488 m$398.2 m

Additional Paid-in Capital

$2.2 b$2.3 b$2.4 b

Retained Earnings

$788.6 m$174.9 m

Total Equity

$2.5 b$2.4 b

Financial Leverage

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

Net Income

$124.2 m($64.1 m)($21.5 m)

Depreciation and Amortization

$163 m$172.3 m$159.1 m

Accounts Receivable

($33 m)$37.9 m$21.8 m

Inventories

($87 m)$3.5 m($23 m)

Accounts Payable

Cash From Operating Activities

$319.3 m$181.3 m$203.3 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 m$3.1 m

Income Taxes Paid

$10.3 m$28.8 m$14.7 m

Cree Market Value History

Cree Median Salaries

Source: 76 public H-1B filings from Cree

Cree Online Presence

Cree News

Cree Company Life

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