The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brian Chen - Stifel Financial Corp. - Analyst
: Thanks for the presentation. Maybe just -- I know we don't have too much time here. But you showed where the revenue is expected to be this
year, where you're going in terms of the [2025] model here. It's at least $100 million, probably incremental, over that horizon. And looked like more
than half of that, just eyeballing it, was going to be through M&A. And you said you had aggressive cadence of M&A last year.
So are you at the stage now where you've identified those markets now, that you're going to deepen your position within those markets? Is that
a right way to characterize that?
Question: Brian Chen - Stifel Financial Corp. - Analyst
: Got it. There was a slide earlier that showed like the SAM -- showed kind of the legacy markets, and then below it showed -- I assume there's sort
of maybe a one for one -- I'm not familiar with each of the acquisitions you made. But I think it was like security, life sciences, and maybe automotive,
if I saw -- is that kind of where you've done M&A for each of those three respective markets?
Question: Brian Chen - Stifel Financial Corp. - Analyst
: Got it. And you kind of -- is the expectation sort of some of the legacy markets, like semi test, you're going from 60%, 55%, 60% of business down
to maybe 40% by that horizon? Still probably growing, but maybe like a low single-digit kind of --?
Question: Brian Chen - Stifel Financial Corp. - Analyst
: Just curious, in terms of your legacy business, how variable does that tend to be across economic or semiconductor cycles, if you will?
Question: Brian Chen - Stifel Financial Corp. - Analyst
: Yeah. Great.
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