Cree provides lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications. It operates in three segments: Wolfspeed, LED Products, and Lighting Products. The Wolfspeed segment offers silicon carbide (SiC) materials for RF, power switching, gemstones, and other applications. The LED Products segment provides blue and green LED chip products for video screens, gaming displays, function indicator lights and automotive backlights, headlamps, and directional indicators. The Lighting Products segment offers LED lighting systems and lamps.

TypePublic
HQDurham, US
Founded1987
Size (employees)6,796 (est)+13%
Websitecree.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, Bayan Lepas, New Taipei City, Fayetteville and in 10 other locations
Durham, US (HQ)
4600 Silicon Drive
Durham, US
3028 E Cornwallis Road Research Triangle Park
Fayetteville, US
209 535 W Research Center Blvd
Morgan Hill, US
18275 Serene Dr
Racine, US
9201 Washington Ave
Mississauga, CA
6 6889 Rexwood Rd
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Cree Financials and Metrics

Cree Revenue

Cree's revenue was reported to be $1.49 b in FY, 2018
USD

Revenue (FY, 2018)

1.5b

Gross profit (FY, 2018)

407.6m

Gross profit margin (FY, 2018), %

27.3%

Net income (FY, 2018)

(279.9m)

EBIT (FY, 2018)

(329.1m)

Market capitalization (15-Oct-2018)

3.6b

Closing stock price (15-Oct-2018)

35.0

Cash (24-Jun-2018)

118.9m

EV

3.7b
Cree's current market capitalization is $3.6 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2018

Revenue

1.6b1.6b1.6b1.5b

Revenue growth, %

(1%)(1%)

Cost of goods sold

1.1b

Gross profit

407.6m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

425.5m435.8m366.9m321.3m347.0m341.5m360.4m728.3m1.1b

General and administrative expense

131.0m201.3m

R&D expense

43.5m42.0m41.9m28.5m28.1m41.5m41.9m81.6m121.9m

Operating expense total

140.4m125.7m113.6m96.5m102.2m106.0m114.4m233.3m600.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2018

Cash

286.8m139.7m166.2m118.9m

Accounts Receivable

225.2m186.2m165.6m153.9m

Prepaid Expenses

28.3m

Inventories

284.8m280.6m303.5m296.0m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

187.9m269.4m268.8m196.3m200.0m204.7m83.4m90.6m115.6m127.8m137.1m117.1m152.1m169.7m101.2m

Accounts Receivable

209.3m213.5m222.3m237.0m219.0m216.2m193.8m183.1m178.6m146.1m121.8m149.5m154.9m153.0m143.3m

Inventories

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

Current Assets

1.7b1.7b1.8b1.8b1.5b1.4b1.3b1.2b1.2b1.5b1.5b1.1b1.1b1.1b909.5m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2018

Net Income

124.2m(64.1m)(21.5m)(279.9m)

Depreciation and Amortization

163.0m172.3m159.1m153.9m

Inventories

(87.0m)3.5m(23.0m)11.0m

Accounts Payable

14.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

30.5m66.2m94.3m11.1m23.3m23.9m(23.6m)(9.7m)(10.9m)566.0k6.8m(92.2m)

Depreciation and Amortization

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

Inventories

(19.8m)(36.6m)(53.5m)(25.7m)(47.7m)(15.1m)(8.4m)(514.0k)(17.5m)(10.8m)1.3m12.1m7.0m11.3m(4.6m)

Cash From Operating Activities

69.2m168.0m228.2m13.3m28.1m93.7m46.8m123.8m138.8m18.1m119.7m163.2m54.1m105.8m125.4m
USDY, 2018

EV/EBIT

-11.4 x

EV/CFO

22.3 x

Revenue/Employee

237.4k

Debt/Equity

0.1 x

Debt/Assets

0.1 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: 22.0% from Wolfspeed, 39.9% from LED Products and 38.1% from Lighting Products

Cree revenue breakdown by geographic segment: 14.0% from Europe, 26.0% from China, 46.0% from United States and 14.0% from Other

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Cree Online and Social Media Presence

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Cree News and Updates

Moose Cree First Nation's Stan Kapashesit Joins Drone Delivery Canada's Advisory Board: Releases Video from Moosonee / Moose Factory BVLOS Pilot Program

TORONTO, Oct. 5, 2018 /PRNewswire/ - Drone Delivery Canada 'DDC or the Company' (TSX.V:FLT OTC:TAKOF), is pleased to announce that Moose Cree First Nation's Mr. Stan Kapashesit – Director of Economic Development has joined DDC's Advisory Board to assist in the Company's commercial...

Connected Bulb Global Market 2018: Key Players – Cree, Osram Sylvania, Philips, General Electric, Belkin

Connected Bulb -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Creed: Rise to Glory makes its PSVR heavyweight debut September 25

Creed: Rise to Glory enters the ring for the PlayStation VR virtual reality headset on September 25 at a price of $30. For the first time, developer and publisher Survios will offer a preorder for one of its VR titles, as well as a physical copy of the game on PSVR. I’ve tried this game […]

Mill Creek Announces Start of Preleasing at Modera Sedici

WASHINGTON, Aug. 15, 2018 /PRNewswire/ -- Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., today announced the start of preleasing at Modera Sedici, a luxury apartment community located on the esteemed...

Truckers Asleep at the Wheel as Diesel Price Shock Creeps Closer

Truckers Asleep at the Wheel as Diesel Price Shock Creeps Closer

GGIQ Has Commenced the Development Process of LYNNCROWN in LynnCreek, North Vancouver

Development of a 50-unit residential complex in North Vancouver, Canada
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Cree Company Life and Culture

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