Performance | sales revenue of Shide technology increased by 36% in the second quarter

Santa Rosa, California, May 19, 2021 -- key technologies, Inc. (NYSE: Keys) (hereinafter referred to as "Shide technology" or "the company") today announced its financial performance for the second quarter of the 2021 fiscal year ending April 30, 2021.

Ron Nersesian, chairman, President and CEO of SDT, said: "SDT delivered outstanding quarterly results and achieved record orders, sales revenue and free cash flow. Our second quarter results demonstrate our leadership in a variety of markets. As a driver of disruptive innovation, Shide technology is ready to make full use of all kinds of technology waves to promote the company's long-term growth. "

——Second quarter performance summary of Shide Technology

-Revenue from orders increased 22% year on year to $1.33 billion.

-Sales revenue increased by 36% year-on-year to US $1.22 billion, while core sales revenue increased by 33% year-on-year, excluding the impact of exchange rate changes and sales revenue related to businesses acquired or divested in the past 12 months.

-GAAP net income was $186 million, or 99 cents per share, compared with $71 million, or 37 cents per share, in the same period last year.

-Non GAAP net income was $270 million, or $1.44 per share, compared with $148 million, or $0.78 per share, in the same period last year.

-Operating cash flow was $402 million, compared with $298 million in the same period last year. Free cash flow was $369 million, up from $275 million in the same period last year.

——Performance by business / Department

-Communication solutions division (CSG): sales revenue was $877 million, up 34% year-on-year. The growth was attributed to the continuous investment in 5g, strong demand for space, satellite and signal monitoring applications, and demand for early 6G research applications.

-Electronic Industrial Solutions Division (eisg): sales revenue was $344 million, up 42% year on year, thanks to strong performance in semiconductor measurement, general electronics, and automotive and energy solutions, especially in the Asia Pacific region.

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——Third quarter outlook

It is estimated that the sales revenue in the third quarter of 2021 fiscal year will be between us $1205-1225 million, and the non GAAP earnings per share will be between us $1.39-1.45 (excluding items related to future events, which cannot be estimated with reasonable accuracy at present).