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IPG Photonics Corp. financial results for the fourth quarter of 2019, announced in mid-February, showed that Fourth quarter 2019 net income was a loss of $4 million, which included goodwill and asset impairment, inventory provision and restructuring charges that reduced net income by $53 million. after the company’s stock fell 40% and missed growth projections.
Total revenue of Q4 2019 was $307 million vs. $330 million in the fourth quarter of 2018, while full year 2019 revenue was $1.32 billion, compared to $1.46 billion in 2018.
Overall, the company generated $130 million in operating cash flow while Q4 revenue decreased by 7% year over year.
“We delivered fourth quarter revenue slightly above our guidance…READ MORE