Cohu's Strategic Move: Participating in the 27th Annual Needham Growth Conference

Cohu, Inc. (NASDAQ: COHU), a global leader in semiconductor equipment and services, has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 9-17, 2025. This conference, organized by Needham & Company, LLC, is an invitation-only event that brings together public and private company presentations, fireside chats, thematic panels, and one-on-one meetings for qualified institutional, private equity, and venture capital investors.

Cohu's management team will participate virtually in the conference on Thursday, January 9, 2025, with a one-on-one format. Portfolio managers and analysts interested in meeting with Cohu's management team are advised to arrange appointments through their banking representatives. Additionally, Cohu will make presentation materials available on its investor relations website at concurrently with the conference.

Cohu's participation in this conference aligns with its strategic goals for expanding recurring business and increasing recurring revenue. The company has been focusing on growing its recurring business, which includes AI inspection software and test contactors. By attending the conference, Cohu has the opportunity to showcase its innovative products and services, as well as its strategic growth plans, to potential investors and customers.

Insert chart showing Cohu's recurring revenue growth over the past three years

Cohu's President and CEO, Luis Müller, has emphasized the company's commitment to expanding its recurring business and increasing recurring revenue. In the fourth quarter of 2023, Cohu reported recurring revenue of $310 million over the last twelve months with a 3-year compound growth rate of 5%. This indicates a steady growth in recurring revenue, which is crucial for maintaining financial stability and consistency in earnings.

In conclusion, Cohu's participation in the 27th Annual Needham Growth Conference is a strategic move that supports the company's broader objectives of investor relations, market intelligence gathering, and brand building. By attending the conference, Cohu gains access to valuable market intelligence, industry trends, and networking opportunities with other industry leaders. This helps the company stay informed about the competitive landscape and adapt its strategies accordingly. Additionally, the conference provides an opportunity for Cohu to engage with potential investors and customers, showcasing its innovative products and services, and discussing its strategic growth plans.