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

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 Financials

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

Revenue (Q2, 2018)

728.3 m

Net income (Q2, 2018)

(6.1 m)

EBIT (Q2, 2018)

(40.4 m)

Market capitalization (20-Apr-2018)

4.1 b

Cash (24-Dec-2017)

169.7 m

EV

4 b
Cree's current market capitalization is $4.1 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, 2018

Revenue

425.5 m435.8 m366.9 m321.3 m347 m341.5 m360.4 m728.3 m

General and administrative expense

131 m

R&D expense

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

Operating expense total

140.4 m125.7 m113.6 m96.5 m102.2 m106 m114.4 m233.3 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, 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 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 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 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 b
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, 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 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

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 m
USDY, 2017

EV/EBIT

-99.4 x

EV/CFO

38 x

Revenue/Employee

120.6 k

Financial Leverage

1.2 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 News and Updates

BRIEF-Shenzhen Click Tech Receives ICC Arbitration Notice Regarding Dispute With Cree

* SAYS U.S. COMPANY CREE INC APPLIES FOR ARBITRATION AT THE ICC DUE TO DISPUTE OVER COOPERATION AGREEMENT

Optoelectronics Market Revenue, Opportunity, Forecast and Value Chain 2016-2026

Persistence Market Research has announced the addition of the “Optoelectronics Market: Global Industry Analysis and Opportunity Assessment, 2016-2026"report to their offering Posted via Industry Today. Follow us on Twitter @IndustryToday

Cree Acquires Infineon RF Power Business

Cree, Inc. has acquired Infineon Technologies Radio Frequency (RF) Power Business assets. This expands the Cree Wolfspeed business unit’s wireless market opportunity.

Light Emitting Diode (LED) Global Market Research Sources Growth by Top Global Leader- Cree, Epistar Corp, Nichia Corporation, OSRAM Light AG, Siemens AG. and Others

The Insight Partners added “World Light Emitting Diode (LED) Market Report 2018-2025” to its research database. The report is spread across 150 pages and supported by 13 company leaders. Posted via Industry Today. Follow us on Twitter @IndustryToday

Civilization VI: Rise and Fall review — loyalty has a price

REVIEW: My new favorite aspect of Civilization is watching my empire’s symbol flash under a city as it prepares to transfer its Loyalty from its leader to me. I’m playing Poundmaker, the leader of the Cree, one of the great Native American peoples. Renown traders, I’ve built my empire in such a way …

LED Tube Lights Market in-Depth Analysis with Osram, Cree, Koninklijke Philips, LG Electronics

HTF MI recently broadcasted a new study in its database that highlights the in-depth market analysis with future prospects of LED Tube Lights market. Posted via Industry Today. Follow us on Twitter @IndustryToday
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