Synaptics Reaffirms Fiscal Q1 2024 Guidance Ahead of Investor Day Presentation
SAN JOSE, Calif., Sept. 07, 2023 (GLOBE NEWSWIRE) -- Synaptics Incorporated (Nasdaq: SYNA) today reiterated its previous guidance for the first quarter of fiscal 2024 that was issued on August 3, 2023.
As previously announced, the company will host a Financial Analyst & Investor Day today at The Yale Club in New York City from 2:00pm to 5:00pm ET.
At the event, the company will discuss its long-term strategy, product portfolio and growth opportunities in the IoT markets. Presentations will be made by the following members of the executive team followed by a live Q&A session:
We invite all interested parties to participate in the live webcast, which can be accessed at Investor Day 2023. (https://edge.media-server.com/mmc/p/e6nnz47v). Further, a copy of the presentation material will be available immediately prior to the event. A replay of the event will be available for approximately one year on the Investor Relations section of the company’s website at https://investor.synaptics.com/.
*Projected Non-GAAP gross margin excludes $17.0 million of intangible asset amortization and $1.0 million of share-based compensation.
**Projected Non-GAAP operating expense excludes $29.0 million to $31.0 million of share-based compensation, $7.0 million to $10.0 million restructuring costs, and $6.0 million of intangible asset amortization.
About Synaptics Incorporated:
Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
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