Logitech – Financial Results – FY2022-Q4

This From Wall Street note provides information and RR’s opinions and insight on Logitech’s financial results.
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Current Highlights

Quarterly Update

  • Top-line revenue of $1.23B, down 20% in US $ and constant currency year over year
  • GAAP operating income down 56% to $129M compared to $295M one year ago
  • GAAP net income down 52% to $108M compared to $226M one year ago
  • Video Collaboration sales of $243M, down 15% quarter over quarter and 37% year over year

Annual Update

  • Top-line revenue of $5.48B, up 4% in US $ and constant currency year over year
  • Video Collaboration sales of $997M, down almost 5% year over year

NOTES

  • Logitech’s fiscal year ends March 31st, so fiscal and calendar years do not align.