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Earnings Review and Free Research Report: Xcerra’s Adjusted Diluted EPS Soared 108.3%

LONDON, UK / ACCESSWIRE / September 21, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Xcerra Corp. (NASDAQ: XCRA), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=XCRA, following the Company's disclosure of its financial results on August 30, 2017, for the fourth quarter fiscal 2017. The Company's revenue increased 39.1% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on XCRA. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=XCRA

Earnings Reviewed

For three months ended July 31, 2017, Xcerra's revenue increased 39.1% to $126.93 million from $91.23 million in Q4 FY16. Revenue surpassed analysts' expectations of $107 million.

For the reported quarter, the Company's gross profit increased 36.6% to $57.64 million from $42.19 million in Q4 FY16. During Q4 FY17, Xcerra's gross margin decreased 80 basis points to 45.4% of revenue from 46.2% of revenue in Q4 FY16.

For the reported quarter, Xcerra's selling, general, and administrative (SG&A) expenses increased 17.9% to $24.07 million from $20.41 million in Q4 FY16. During Q4 FY17, the Company's amortization expenses decreased 35.4% to $159,000 from $246,000 in Q4 FY16.

During Q4 FY17, Xcerra's operating income increased 215.4% to $17.41 million from $5.52 million in Q4 FY16. During Q4 FY17, the Company's operating margin increased 760 basis points to 13.7% of revenue from 6.1% of revenue in Q4 FY16.

During Q4 FY17, Xcerra's net income increased 74.2% to $12.42 million on a y-o-y basis from $7.13 million in Q4 FY16. For the reported quarter, the Company's adjusted net income increased 121.8% to $14.02 million on a y-o-y basis from $6.32 million in Q4 FY16. During Q4 FY17, Xcerra's diluted EPS increased 76.9% to $0.23 on a y-o-y basis from $0.13 in Q4 FY16. For the reported quarter, the Company's adjusted diluted EPS increased 108.3% to $0.25 on a y-o-y basis from $0.12 in Q4 FY16. Adjusted diluted EPS surpassed analysts' expectations of $0.19.

Balance Sheet

As on July 31, 2017, Xcerra's cash and cash equivalents increased 24.8% to $103.64 million from $83.07 million in Q4 FY16.

For the reported quarter, the Company's marketable securities increased 1.3% to $57.09 million from $56.36 million in Q4 FY16.

During Q4 FY17, the Company's net receivables increased 21.6% to $92.96 million from $76.46 million in Q4 FY16.

During Q4 FY17, Xcerra's net inventories increased 16.5% to $81.51 million from $69.99 million in Q4 FY16.

For the reported quarter, Xcerra's accounts payable increased 39.9% to $36.25 million from $25.92 million in Q4 FY16.

During Q4 FY17, the Company's total assets increased 16% to $438.61 million from $378.08 million in Q4 FY16.

During Q4 FY17, the Company's term loan decreased 17.2% to $17.55 million from $21.20 million in Q4 FY16.

Outlook

On April 10, 2017, Xcerra announced that Sino IC Capital will acquire all outstanding shares of Xcerra for $10.25 per share in cash. The transaction price represented approximately a 16% premium to Xcerra's average closing price over the 30-trading-day period ending April 07, 2017, and valued Xcerra's equity at approximately $580 million on a fully diluted basis.

As a result of the acquisition announcement with Sino IC Capital, the Company did not hold a quarterly conference call and webcast and also did not provide an outlook for its future financial results.

Stock Performance

On Wednesday, September 20, 2017, the stock closed the trading session at $9.79, falling 1.01% from its previous closing price of $9.89. A total volume of 292.14 thousand shares have exchanged hands. Xcerra's stock price skyrocketed 4.71% in the last one month, 13.57% in the past six months, and 70.86% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 28.14%. The stock is trading at a PE ratio of 24.00. At Wednesday's closing price, the stock's net capitalization stands at $523.18 million.

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