Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $103 | $408 | $660 | $737 | $509 |
| Gross Profit | $62 | $245 | $452 | $515 | $340 |
| Operating Income | N/A | $52 | $187 | $212 | $34 |
| Net Income | $13 | $47 | $179 | $259 | $61 |
Over the five-year period, Lattice Semiconductor Corp experienced substantial fluctuations in its key financial metrics. In 2020, the company reported modest revenue of approximately USD 103 million and a gross profit of USD 62 million. However, 2021 marked a significant turnaround with revenue surging to around USD 408 million—an increase of nearly 300%—accompanied by a sharp rise in gross profit to USD 245 million and the debut of positive operating income at over USD 52 million after a prior zero value. This robust growth trend continued into 2022, with revenue climbing to roughly USD 660 million and gross profit reaching USD 452 million. Operating income and net income expanded dramatically, further underscoring the company's operational improvement and enhanced profitability during this period. Despite these encouraging trends, 2023 saw a tapering growth with modest revenue increases to about USD 737 million, though profit margins continued to improve with operating income at approximately USD 212 million and net income at USD 259 million. The most notable swing occurred in 2024 when revenue contracted sharply by nearly 30% to approximately USD 509 million, with gross profit, operating income, and net income dropping to USD 340 million, USD 34 million, and USD 61 million respectively. Such a marked decline (>20% change) in key profitability indicators suggests potential pressures from market conditions or operational challenges. Overall, while the company demonstrated strong performance and rapid expansion in earlier years, the significant downturn in 2024 raises concerns over its recent sustainable profitability, warranting closer monitoring of industry trends and internal strategic responses.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.