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SMART Global Holdings Reports Fourth Quarter and Full Year Fiscal 2020 Financial Results

NEWARK, Calif., Oct. 01, 2020 (GLOBE NEWSWIRE) -- SMART Global Holdings, Inc. (“SMART” or the “Company”) (NASDAQ: SGH), today reported financial results for the fourth quarter and full year fiscal 2020 ended August 28, 2020.

Fourth Quarter Fiscal 2020 Highlights:

  • Net sales of $297.0 million, 6.7% higher than the year ago quarter.

  • GAAP net income of $7.5 million, or $0.30 per share, 33.8% and 28.3% higher than the year ago quarter, respectively.

  • Non-GAAP net income of $20.4 million or $0.82 per share, 72.2% and 65.2% higher than the year ago quarter, respectively.

  • Adjusted EBITDA of $33.0 million, 30.6% higher than the year ago quarter

Fiscal 2020 Highlights:

  • Net sales of $1.1 billion, versus $1.2 billion for the prior fiscal year.

  • GAAP net loss of $1.1 million, or $0.05 per share.

  • Non-GAAP net income of $63.7 million, or $2.59 per share.

  • Adjusted EBITDA of $104.2 million.

  • Ending cash and equivalents balance exceeded $150 million.

“I am pleased to announce a strong conclusion to our fiscal 2020,” commented Mark Adams, President and CEO. “Our fourth fiscal quarter results demonstrate the strength of our business during these challenging times. Fourth quarter revenue grew by 5.6 percent sequentially, driven by strength in both our Specialty Compute and Storage Solutions and Brazil businesses. Additionally, reflecting the operating leverage in our business model, we achieved non-GAAP earnings per share of $0.82, more than 17 percent higher than the previous quarter.”

“Given our strong balance sheet, we believe we are well-positioned to build on our growth and diversification strategy while leveraging our strong customer relationships, established global manufacturing and supply chain capabilities, and our track record of operational excellence,” concluded Mr. Adams.

Quarterly Financial Results

GAAP (1)

Non-GAAP (2)

(In millions, except per share amounts)

Q4 FY20

Q3 FY20

Q4 FY19

Q4 FY20

Q3 FY20

Q4 FY19

Net sales

$

297.0

$

281.3

$

278.4

$

297.0

$

281.3

$

278.4

Gross profit

$

56.3

$

54.2

$

52.3

$

57.8

$

55.9

$

53.4

Operating income

$

17.2

$

10.1

$

11.4

$

28.4

$

20.3

$

18.0

Net income

$

7.5

$

0.8

$

5.6

$

20.4

$

17.1

$

11.9

Diluted earnings per share (EPS)

$

0.30

$

0.03

$

0.24

$

0.82

$

0.70

$

0.50


Annual Financial Results

GAAP (1)

Non-GAAP (2)

(In millions, except per share amounts)

FY20

FY19

FY20

FY19

Net sales

$

1,122.4

$

1,212.0

$

1,122.4

$

1,212.0

Gross profit

$

216.4

$

237.5

$

222.3

$

240.6

Operating income

$

41.3

$

89.1

$

84.2

$

113.2

Net income (loss)

$

(1.1

)

$

51.3

$

63.7

$

78.3

Diluted earnings per share (EPS)

$

(0.05

)

$

2.19

$

2.59

$

3.34

(1) GAAP represents U.S. Generally Accepted Accounting Principles.

(2) Please refer to the “Non-GAAP Information” section and the "Reconciliation of Non-GAAP Financial Measures" tables

below for further detail on the non-GAAP financial reporting referenced above and a reconciliation of such measures

to our nearest GAAP measures.


Business Outlook
The following statements are based upon management's current expectations for the first quarter of fiscal 2021 ending November 27, 2020. These statements are forward-looking and actual results may differ materially. SMART undertakes no obligation to update these statements.

Net Sales

$280 to $300 million

Gross Margin - GAAP / Non-GAAP

18% to 19%

Diluted EPS - GAAP

$0.28 ± $0.05

Share-based compensation per share

$0.20

Intangible amortization per share

$0.14

Convertible debt discount OID and fees per share

$0.08

Diluted EPS - Non-GAAP

$0.70 ± $0.05

Expected diluted share count

25.0 million

Conference Call Details
SMART will host a conference call today for analysts and investors at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time. Dial-in US toll free +1-866-487-6452, or International toll free +1-213-660-0710 using access code 4779109. We will post an accompanying slide presentation to our website prior to the beginning of the call.

A replay of the conference call will be available for one week following today’s call through the Events section of the SMART website at www.smartgh.com or by calling US toll free +1-855-859-2056, or International toll free +1 404-537-3406; Passcode: 4779109.

Forward-Looking Statements
This release contains, and statements made during the above-referenced conference call will contain "forward-looking statements" including among other things, statements regarding future events and the future financial performance of SMART (including the business outlook for the next fiscal quarter) and statements regarding growth drivers in SMART’s industries and markets. These statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including but not limited to: business and economic conditions and growth trends in the technology industry, our customer markets and various geographic regions; global economic conditions and uncertainties in the geopolitical environment; disruptions in our operations or in global markets as a result of the outbreak of COVID-19; changes in trade regulations or adverse developments in international trade relations and agreements; changes in currency exchange rates; overall information technology spending; appropriations for government spending; the success of our strategic initiatives including additional investments in new products, additional capacity and acquisitions; the DRAM market and the temporary and volatile nature of pricing trends; deterioration in customer relationships; production or manufacturing difficulties; competitive factors; technological changes; difficulties with or delays in the introduction of new products; slowing or contraction of growth in the memory market in Brazil; reduction in or termination of incentives for local manufacturing in Brazil; changes to applicable tax regimes or rates; prices for the end products of our customers; fluctuations in material costs and availability; strikes or labor disputes; deterioration in or loss of relations with any of our limited number of key vendors; changes in the availability of supply of materials, components or memory products; the inability of Penguin Computing to obtain and retain security clearances to expand its government business; and other factors and risks detailed in SMART’s filings with the Securities and Exchange Commission. Such factors and risks as outlined above and in such filings may not constitute all factors and risks that could cause actual results of SMART to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. SMART and its subsidiaries operate in a continually changing business environment and new factors emerge from time to time. SMART cannot predict such factors, nor can it assess the impact, if any, from such factors on SMART or its subsidiaries’ results. Accordingly, investors are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements should not be relied upon as a prediction of actual results. These forward-looking statements are made as of today, and SMART does not intend, and has no obligation, to update or revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release, except as required by law.

Non-GAAP Information
Certain non-GAAP financial measures are contained in this press release or will be discussed on our conference call, including non-GAAP gross profit, non-GAAP operating income, Adjusted EBITDA, non-GAAP net income, and non-GAAP net income per diluted share. We define Adjusted EBITDA as GAAP net income (loss) plus net interest expense, income tax expense, depreciation and amortization expense, share-based compensation expense, loss on extinguishment of debt/revolver, capped call mark to market (MTM) adjustment, restructuring expenses, integration expenses, COVID-19 expenses, acquisition-related expenses, gain on settlements and other infrequent or unusual items. Adjusted EBITDA is not a measure of financial performance calculated in accordance with U.S. GAAP and should be viewed as a supplement to, not a substitute for, our results of operations presented on the basis of U.S. GAAP. Adjusted EBITDA also does not purport to represent cash flow provided by, or used in, operating activities in accordance with U.S. GAAP and should not be used as a measure of liquidity.

The non-GAAP financial results presented herein exclude share-based compensation expense, intangible amortization expense, loss on extinguishment of debt/revolver, capped call MTM adjustment, convertible debt original issue discount (OID) and fees, restructuring expenses, integration expenses, COVID-19 expenses, acquisition-related expenses, gain on settlements and other infrequent or unusual expenses, and with respect to non-GAAP diluted EPS, foreign currency gains (losses). These non-GAAP financial measures are provided to enhance the user's overall understanding of our financial performance. By excluding these charges, as well as any related tax effects, our non-GAAP results provide information to management and investors that is useful in assessing SMART's core operating performance and in evaluating and comparing our results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results, to plan and forecast future periods, and to assess performance of certain executives for compensation purposes. The presentation of this additional information is not meant to be a substitute for the corresponding financial measures prepared in accordance with U.S. GAAP. In addition, these measures may not be used similarly by other companies and therefore may not be comparable between companies.

Investors are encouraged to review the “Reconciliation of Non-GAAP Financial Measures to GAAP Results” and “Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA” tables below for more detail on non-GAAP calculations.

About SMART Global Holdings
The SMART lines of business are leading designers and manufacturers of electronic products focused on memory and computing technology areas. The Company specializes in application specific product development and support for customers in enterprise, government and OEM sales channels. Customers rely on SMART as a strategic supplier with top tier customer service, product quality, and technical support with engineering, sales, manufacturing, supply chain and logistics capabilities worldwide. The Company targets customers in markets such as communications, storage, networking, mobile, industrial automation, industrial internet of things, government, military, edge computing and high performance computing. SMART operates in three primary product areas: Specialty Memory products, Brazil products and Specialty Compute and Storage Solutions.

For more information about SMART Global Holdings business units, visit: SMART Modular Technologies; SMART Embedded Computing; SMART Supply Chain Services; and Penguin Computing.



SMART Global Holdings, Inc.

and Subsidiaries

Consolidated Income Statements

(In thousands, except per share data)

Three Months Ended

Fiscal Year Ended

August 28,
2020

May 29,
2020

August 30,
2019

August 28,
2020

August 30,
2019

Net sales:

Specialty Memory Products

$

125,142

$

127,700

$

104,634

$

467,826

$

458,946

Brazil Products

105,011

92,701

89,123

389,411

536,495

Specialty Compute and Storage Solutions

66,877

60,886

84,643

265,140

216,558

Total net sales

297,030

281,287

278,400

1,122,377

1,211,999

Cost of sales (1) (2)

240,693

227,054

226,108

905,981

974,472

Gross profit

56,337

54,233

52,292

216,396

237,527

Operating expenses:

Research and development (1)

8,032

14,436

13,536

52,056

47,920

Selling, general and administrative (1) (2)

27,587

29,733

30,024

119,523

103,226

Restructuring charge

3,487

3,487

Change in estimated fair value of acquisition-related contingent consideration

(2,700

)

(2,700

)

Total operating expenses

39,107

44,169

40,860

175,065

148,446

Income from operations

17,230

10,064

11,432

41,330

89,081

Other income (expense):

Interest expense, net

(3,265

)

(3,094

)

(4,567

)

(15,000

)

(20,716

)

Other income (expense), net

(299

)

(3,445

)

819

(16,970

)

(2,161

)

Total other expense

(3,564

)

(6,539

)

(3,748

)

(31,970

)

(22,877

)

Income before income taxes

13,666

3,525

7,684

9,360

66,204

Provision for income taxes

6,139

2,700

2,059

10,503

14,872

Net income (loss)

$

7,527

$

825

$

5,625

$

(1,143

)

$

51,332

Earnings per share:

Basic

$

0.31

$

0.03

$

0.24

$

(0.05

)

$

2.24

Diluted

$

0.30

$

0.03

$

0.24

$

(0.05

)

$

2.19

Shares used in computing earnings per share:

Basic

24,290

24,066

23,366

23,994

22,959

Diluted

24,839

24,431

23,825

23,994

23,468

(1) Includes share-based compensation expense as follows:

Cost of sales

$

861

$

699

$

682

$

3,022

$

2,485

Research and development

763

780

687

3,069

2,654

Selling, general and administrative

1,582

3,428

4,194

12,625

13,060

Total stock-based compensation expense

$

3,206

$

4,907

$

5,563

$

18,716

$

18,199

(2) Includes amortization of intangible assets expense as follows:

Cost of sales

$

647

$

647

$

436

$

2,588

$

566

Selling, general and administrative

2,767

2,767

2,165

11,066

5,048

Total amortization expense

$

3,414

$

3,414

$

2,601

$

13,654

$

5,614



SMART Global Holdings, Inc.

and Subsidiaries

Reconciliation of Non-GAAP Financial Measures to GAAP Results

(In thousands, except per share data)

Three Months Ended

Fiscal Year Ended

August 28,
2020

May 29,
2020

August 30,
2019

August 28,
2020

August 30,
2019

Reconciliation of gross profit:

GAAP gross profit

$

56,337

$

54,233

$

52,292

$

216,396

$

237,527

GAAP gross margin

19.0

%

19.3

%

18.8

%

19.3

%

19.6

%

Add: Share-based compensation included in cost of sales

861

699

682

3,022

2,485

Add: Intangible amortization included in cost of sales

647

647

436

2,588

566

Add: COVID-19 expenses

282

282

Non-GAAP gross profit

$

57,845

$

55,861

$

53,410

$

222,288

$

240,578

Non-GAAP gross margin

19.5

%

19.9

%

19.2

%

19.8

%

19.8

%

Reconciliation of operating expenses:

GAAP operating expenses

$

39,107

$

44,169

$

40,860

$

175,065

148,446

Less: Share-based compensation expense included in opex

Research and development

763

780

687

3,069

2,654

Selling, general and administrative

1,582

3,428

4,194

12,625

13,060

Total

2,345

4,208

4,881

15,694

15,714

Less: Amortization of intangible assets included in opex

Selling, general and administrative

2,767

2,767

2,165

11,066

5,048

Total

2,767

2,767

2,165

11,066

5,048

Less: Legal fees - term loan (payment holiday)

126

Less: Acquisition-related expenses

1,068

946

2,922

Less: Integration/Restructuring expenses

4,548

1,432

9,072

Less: COVID-19 expenses

228

228

Less: Contingent consideration fair value adjustment

(2,700

)

(2,700

)

Non-GAAP operating expenses

$

29,447

$

35,534

$

35,446

$

138,060

$

127,336

Reconciliation of income from operations:

GAAP income from operations

$

17,230

$

10,064

$

11,432

$

41,330

$

89,081

GAAP operating margin

5.8

%

3.6

%

4.1

%

3.7

%

7.3

%

Add: Share-based compensation expense

3,206

4,907

5,563

18,716

18,199

Add: Amortization of intangible assets

3,414

3,414

2,601

13,654

5,614

Add: Legal fees - term loan (payment holiday)

126

Add: Acquisition-related expenses

1,068

946

2,922

Add: Integration/Restructuring expenses

4,548

1,432

9,072

Add: COVID-19 expenses

510

510

Add: Contingent consideration fair value adjustment

(2,700

)

(2,700

)

Non-GAAP income from operations

$

28,398

$

20,327

$

17,964

$

84,228

$

113,242

Non-GAAP operating margin

9.6

%

7.2

%

6.5

%

7.5

%

9.3

%



SMART Global Holdings, Inc.

and Subsidiaries

Reconciliation of Non-GAAP Financial Measures to GAAP Results

(In thousands, except per share data)

Three Months Ended

Fiscal Year Ended

August 28,
2020

May 29,
2020

August 30,
2019

August 28,
2020

August 30,
2019

Reconciliation of income before income taxes:

GAAP income before income taxes

$

13,666

$

3,525

$

7,684

$

9,360

$

66,204

Add: Share-based compensation expense

3,206

4,907

5,563

18,716

18,199

Add: Amortization of intangible assets

3,414

3,414

2,601

13,654

5,614

Add: Legal fees - term loan (payment holiday)

126

Add: Acquisition-related expenses

1,068

946

2,922

Add: Integration/Restructuring expenses

4,548

1,432

9,072

Add: COVID-19 expenses

510

510

Add: Gain on settlement of indemnity claim

(364

)

(364

)

Add: Extinguishment of term loan/revolver

192

6,822

Add: Capped call MTM adjustment

2,924

7,719

Add: Convertible debt discount OID and fees

2,026

1,960

4,385

Add: Contingent consideration fair value adjustment

(2,700

)

(2,700

)

Add: Foreign currency (gains)/losses

822

484

(332

)

3,408

3,149

Non-GAAP income before income taxes

$

27,318

$

19,348

$

13,884

$

74,228

$

93,514

Reconciliation of provision for income taxes:

GAAP provision for income taxes

$

6,139

$

2,700

$

2,059

$

10,503

$

14,872

GAAP effective tax rate

44.9

%

76.6

%

26.8

%

112.2

%

22.5

%

Less: Goodwill tax credit

(673

)

484

295

Tax effect of adjustments to GAAP results

(82

)

(48

)

33

(340

)

(314

)

Non-GAAP provision for income taxes

$

6,894

$

2,264

$

2,026

$

10,548

$

15,186

Non-GAAP effective tax rate

25.2

%

11.7

%

14.6

%

14.2

%

16.2

%

Reconciliation of net income (loss) and earnings per share (diluted):

GAAP net income (loss)

$

7,527

$

825

$

5,625

$

(1,143

)

$

51,332

Adjustments to GAAP net income (loss):

Share-based compensation

3,206

4,907

5,563

18,716

18,199

Amortization of intangible assets

3,414

3,414

2,601

13,654

5,614

Legal fees - term loan (payment holiday)

126

Acquisition related expenses

1,068

946

2,922

Integration/Restructuring expenses

4,548

1,432

9,072

COVID-19 expenses

510

510

Extinguishment of term loan/revolver

192

6,822

Capped call MTM adjustment

2,924

7,719

Convertible debt discount OID and fees

2,026

1,960

4,385

Gain on settlement of indemnity claim

(364

)

(364

)

Goodwill tax credit

(673

)

484

295

Contingent consideration fair value adjustment

(2,700

)

(2,700

)

Foreign currency (gains)/losses

822

484

(332

)

3,408

3,149

Tax effect of items excluded from non-GAAP results

(82

)

(48

)

33

(340

)

(314

)

Non-GAAP net income

$

20,424

$

17,084

$

11,858

$

63,680

$

78,328

Shares used in computing earnings per share (diluted)

24,839

24,431

23,825

24,566

23,468

Non-GAAP earnings per share (diluted)

$

0.82

$

0.70

$

0.50

$

2.59

$

3.34

GAAP earnings per share (diluted)

$

0.30

$

0.03

$

0.24

$

(0.05

)

$

2.19



SMART Global Holdings, Inc.

and Subsidiaries

Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA

(In thousands)

Three Months Ended

Fiscal Year Ended

August 28,
2020

May 29,
2020

August 30,
2019

August 28,
2020

August 30,
2019

GAAP net income (loss)

$

7,527

$

825

$

5,625

$

(1,143

)

$

51,332

Share-based compensation expense

3,206

4,907

5,563

18,716

18,199

Amortization of intangible assets

3,414

3,414

2,601

13,654

5,614

Interest expense, net

3,265

3,094

4,567

15,000

20,716

Provision for income tax

6,139

2,700

2,059

10,504

14,872

Depreciation

5,219

5,405

6,452

22,776

23,592

Legal fees - term loan (payment holiday)

126

Acquisition-related expenses(1)

1,068

946

2,922

Integration/Restructuring expenses

4,548

1,432

9,072

COVID-19 expenses

510

510

Extinguishment of term loan/revolver

192

6,822

Capped call MTM adjustment

2,924

7,719

Gain on settlement of indemnity claim

(364

)

(364

)

Contingent consideration fair value adjustment(1)

(2,700

)

(2,700

)

Adjusted EBITDA

$

32,954

$

25,403

$

25,235

$

104,212

$

134,673

(1) Amounts related to acquisitions of new businesses, SMART EC & Wireless (July 2019).

-

-



SMART Global Holdings, Inc.

and Subsidiaries

Consolidated Balance Sheets

(In thousands)

August 28,

August 30,

2020

2019

Assets

Current assets:

Cash and cash equivalents

$

150,811

$

98,139

Accounts receivable, net

215,918

217,433

Inventories

162,991

118,738

Prepaid expenses and other current assets

26,990

37,950

Total current assets

556,710

472,260

Property and equipment, net

54,705

68,345

Operating lease right-of-use assets

25,013

Other noncurrent assets

20,554

12,784

Intangible assets, net

55,671

69,325

Goodwill

73,955

81,423

Total assets

$

786,608

$

704,137

Liabilities and Shareholders’ Equity

Current liabilities:

Accounts payable

$

224,660

$

164,866

Accrued liabilities

57,829

48,980

Current portion of long-term debt

24,054

Total current liabilities

282,489

237,900

Long-term debt

195,573

182,450

Long-term operating lease liabilities

20,829

Other long-term liabilities

5,613

10,327

Total liabilities

504,504

430,677

Shareholders’ equity:

Ordinary shares

737

712

Additional paid-in capital

346,131

285,994

Accumulated other comprehensive loss

(228,240

)

(177,866

)

Retained earnings

163,476

164,620

Total shareholders’ equity

282,104

273,460

Total liabilities and shareholders’ equity

$

786,608

$

704,137



SMART Global Holdings, Inc.

and Subsidiaries

Consolidated Statements of Cash Flows

(In thousands)

Three Months Ended

Fiscal Year Ended

August 28,
2020

May 29,
2020

August 30,
2019

August 28,
2020

August 30,
2019

Cash flows from operating activities:

Net income (loss)

$

7,527

$

825

$

5,625

$

(1,143

)

$

51,332

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization

8,633

8,818

9,054

36,430

29,206

Share-based compensation

3,206

4,907

5,563

18,716

18,199

Provision for doubtful accounts receivable and sales returns

(118

)

70

(66

)

(75

)

(90

)

Deferred income tax benefit

(2,181

)

425

(1,149

)

(2,115

)

(719

)

(Gain) Loss on disposal of property and equipment

2,565

41

56

2,546

77

Loss on mark-to-market adjustment of the capped call

2,924

7,719

Loss on extinguishment of debt/revolver

192

6,822

Amortization of debt discounts and issuance costs

2,080

2,005

718

5,866

2,803

Amortization of operating lease right-of-use assets

1,491

1,287

5,060

Change in fair value of contingent consideration

(2,700

)

(2,700

)

Changes in operating assets and liabilities:

Accounts receivable

5,537

(13,396

)

27,582

(12,348

)

35,240

Inventories

20,641

(26,932

)

19,312

(51,840

)

102,083

Prepaid expenses and other assets

(1,291

)

(7,615

)

(3,393

)

(2,410

)

(1,606

)

Accounts payable

(26,251

)

39,031

(19,684

)

69,436

(64,569

)

Operating lease liabilities

(1,260

)

(1,362

)

(4,763

)

Accrued expenses and other liabilities

(4,421

)

2,401

8,023

482

401

Net cash provided by operating activities

16,159

13,623

48,941

78,382

169,657

Cash flows from investing activities:

Capital expenditures and deposits on equipment

(7,386

)

(7,521

)

(3,321

)

(24,275

)

(33,433

)

Proceeds from sale of property and equipment

250

58

10

404

81

Acquisitions of business, net of cash acquired

(75,940

)

(76,088

)

Net cash used in investing activities

(7,136

)

(7,462

)

(79,251

)

(23,871

)

(109,440

)

Cash flows from financing activities:

Long-term debt payment - Term Loan

(5,625

)

Long-term debt payment - BNDES

(615

)

(685

)

(1,680

)

(2,907

)

(6,753

)

Purchase of capped call

(21,825

)

Proceeds from convertible notes due 2026, net of discount

243,125

Payment for extinguishment of long-term debt

(204,904

)

Proceeds from borrowings under revolving line of credit

42,500

42,000

19,000

103,000

254,500

Repayments of borrowings under revolving line of credit

(42,500

)

(42,000

)

(19,000

)

(103,000

)

(254,500

)

Proceeds from issuance of ordinary shares from share option exercises

554

134

1,300

2,495

5,070

Proceeds from issuance of ordinary shares from ESPP

1,742

2,984

2,303

Withholding tax on restricted stock units

(96

)

(282

)

(290

)

(749

)

(520

)

Net cash provided by (used in) financing activities

(157

)

909

(670

)

12,594

100

Effect of exchange rate changes on the cash and cash equivalents

10,100

(17,084

)

3,020

(14,434

)

588

Net increase (decrease) in cash and cash equivalents

18,966

(10,015

)

(27,960

)

52,672

60,905

Cash and cash equivalents at beginning of period

131,845

141,860

126,099

98,139

37,234

Cash and cash equivalents at end of period

$

150,811

$

131,845

$

98,139

$

150,811

$

98,139


Investor Contact:
Suzanne Schmidt
Investor Relations for SMART Global Holdings, Inc.
(510) 360-8596
ir@smartm.com


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