Poly’s Quarterly Results – FY2022-Q3

( Published on February 14, 2022 )

Poly’s Quarterly Results

This note provides Recon Research’s opinions and insight into Poly’s Quarterly Results for FY2022-Q3.

Non-GAAP revenues of $410M, down 16% year over year and down 2.5% quarter over quarter
Video revenues of $105M, down 7% year over year and down 9% quarter over quarter
Non-GAAP operating income of $38M, down 57% year over year and down 27% quarter over quarter
Demand remains very strong, but revenue impeded by supply-chain challenges
Margins impacted by increased shipping cost and spot market purchases to address demand

NOTES

This note covers the three months ending December 31, 2021.

Related Posts