Operating income is expected to be between $41M and $46M, before the non-cash foreign exchange impact of lease liabilities and forward contracts, the non-cash impact of revaluation of cores on customers’ shelves, and supply chain disruptions. The company estimates other non-cash items will be approximately $17 million, including core and finished goods premium amortization and share-based compensation, and cash expenses will be approximately $4 million for special EV-related research and development expenses and severance, impacting operating income. The company estimates depreciation and amortization will be approximately $13 million.
Published first on TheFly
