SANTA CRUZ, Calif., May 27, 2022 /PRNewswire/ -- Poly (NYSE:POLY), a global outfitter of professional-grade audio and video technology, today announced fourth quarter results for the period ended April 2, 2022.
Highlights for the fourth quarter and full-year fiscal 2022 include:On March 28, 2022, Poly announced it had entered into a definitive merger agreement with HP, Inc. (NYSE:HPQ), a leading global provider of workplace solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of approximately $3.3 billion, inclusive of Poly's net debt.GAAP revenues for fiscal Q4 were $421M, a 12% year-over-year decline driven primarily by supply chain constraints impacti