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.

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Type
Public
HQ
Durham, US
Founded
1987
Size (employees)
6,039 (est)
Website
cree.com
Cree was founded in 1987 and is headquartered in Durham, US
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Key People/Management at Cree

Thomas Werner

Thomas Werner

Director
Anne Whitaker

Anne Whitaker

Director
Robert Ingram

Robert Ingram

Director
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Cree Office Locations

Cree has offices in Hong Kong, Durham, Minato-ku, Täby and in 8 other locations
Durham, US (HQ)
4600 Silicon Drive
Durham, US
3028 E Cornwallis Rd
Goleta, US
340 Storke Rd
Racine, US
9201 Washington Ave
Mississauga, CA
6 6889 Rexwood Rd
Shanghai, CN
Zhen Bei Lu
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Cree Financials and Metrics

Cree Revenue

Cree's revenue was reported to be $1.62 b in FY, 2016 which is a 1% decrease from the previous period.
USD

Revenue (Q3, 2018)

1.1 b

Net income (Q3, 2018)

(246.7 m)

EBIT (Q3, 2018)

(308.5 m)

Market capitalization (20-Jul-2018)

4.7 b

Closing share price (20-Jul-2018)

47

Cash (25-Mar-2018)

101.2 m

EV

4.9 b
Cree's current market capitalization is $4.7 b.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

1.6 b1.6 b1.6 b

Revenue growth, %

(1%)(1%)

EBIT

134.3 m(72.5 m)(10.5 m)

EBIT margin, %

8%(4%)(1%)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

425.5 m435.8 m366.9 m321.3 m347 m341.5 m360.4 m728.3 m1.1 b

General and administrative expense

131 m201.3 m

R&D expense

43.5 m42 m41.9 m28.5 m28.1 m41.5 m41.9 m81.6 m121.9 m

Operating expense total

140.4 m125.7 m113.6 m96.5 m102.2 m106 m114.4 m233.3 m600.5 m
Annual
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
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

187.9 m269.4 m268.8 m196.3 m200 m204.7 m83.4 m90.6 m115.6 m127.8 m137.1 m117.1 m152.1 m169.7 m101.2 m

Accounts Receivable

209.3 m213.5 m222.3 m237 m219 m216.2 m193.8 m183.1 m178.6 m146.1 m121.8 m149.5 m154.9 m153 m143.3 m

Inventories

217.3 m234.5 m251.2 m310.8 m332.5 m299.4 m289.1 m280.8 m297.9 m291.5 m281.7 m291.1 m277.9 m273.2 m309.9 m

Current Assets

1.7 b1.7 b1.8 b1.8 b1.5 b1.4 b1.3 b1.2 b1.2 b1.5 b1.5 b1.1 b1.1 b1.1 b909.5 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

124.2 m(64.1 m)(21.5 m)

Depreciation and Amortization

163 m172.3 m159.1 m

Inventories

(87 m)3.5 m(23 m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

30.5 m66.2 m94.3 m11.1 m23.3 m23.9 m(23.6 m)(9.7 m)(10.9 m)566 k6.8 m(92.2 m)

Depreciation and Amortization

39.5 m79.6 m120.2 m43.3 m87.1 m130.4 m41.2 m81.4 m119.9 m35.9 m62.6 m113.5 m37.4 m74.6 m113.2 m

Inventories

(19.8 m)(36.6 m)(53.5 m)(25.7 m)(47.7 m)(15.1 m)(8.4 m)(514 k)(17.5 m)(10.8 m)1.3 m12.1 m7 m11.3 m(4.6 m)

Cash From Operating Activities

69.2 m168 m228.2 m13.3 m28.1 m93.7 m46.8 m123.8 m138.8 m18.1 m119.7 m163.2 m54.1 m105.8 m125.4 m
USDY, 2018

EV/EBIT

-16 x

EV/CFO

39.4 x

Financial Leverage

1.3 x
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Cree Operating Metrics

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

Backlog

$193.20 m$238.40 m$181.70 m

Patents (US)

1.33 k1.58 k1.82 k

Patents (foreign)

2.34 k2.73 k2.98 k
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Cree Revenue Breakdown

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Cree revenue breakdown by business segment: 7.2% from Power and RF Products, 37.8% from LED Products and 55.0% from Lighting Products

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Cree Online and Social Media Presence

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Cree News and Updates

Opto Electronic Semiconductor Device Market Demand, Global Scope, Deep Analysis, & Industry Size, Forecast 2022 and Key Players Efficient Power Conversion Corporation, NXP Semiconductors, GaN Systems Inc, Cree, Mersen.

The report provides information on the diverse factors impacting the sales of the global Opto Electronic Semiconductor Device market. These includes the trends, drivers, and restraints. The significant growth opportunities in the market are also been studied and the ways these opportunities will rai…

Pembina Pipeline Corporation and Breakfast Club of Canada Expand Breakfast Program to Four Indigenous Schools

CALGARY, June 21, 2018 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that in celebration of National Indigenous Peoples Day, its signature community investment program, Fuel 4 Thought, has launched in Driftpile First Nation,...

At IMS 2018: Wolfspeed’s Expanded Portfolio Delivers Superior Solutions for Telecom and Radar Markets

New LDMOS and GaN HEMT product offerings enable smaller systems with greater reliability and efficiency.

Africa LED & OLED Displays and Lighting Products Market to expand at a CAGR of 17.8% by 2026

The light-emitting diode (LED) is one of today's most energy-efficient and rapidly-developing lighting technologies. Posted via Industry Today. Follow us on Twitter @IndustryToday

LED Lighting North America Market Top Key Players – Acuity Brands , Cree , Eaton , GENERAL ELECTRIC , Koninklijke Philips and Forecast to 2022

The analysts forecast the LED lighting market in North America to grow at a CAGR of 11.78% during the period 2018-2022. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Cree Company Life and Culture

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