The company expects to report the following financial results for the quarter ended March 31, 2019:
GAAP gross margin for the fiscal third quarter of 2019 that the company expects to report is in the range of 15.5% to 15.7% and GAAP fully diluted earnings per share is in the range of $0.22 to $0.26.
Non-GAAP gross margin for the fiscal third quarter of 2019 that the company expects to report is in the range of 15.5% to 15.7%, which excludes stock-based compensation expense of $0.4 million. Non-GAAP fully diluted earnings per share is expected to be in the range of $0.48 to $0.52, which excludes stock-based compensation expense of $5.0 million and Audit Committee investigation and review expense and other non-recurring expense of $13.9 million and the related tax effects of both.
As of March 31, 2019, total cash, cash equivalents and short-term investments was $187.0 million and bank debt was $ 22.9 million
The company also has filed its Annual Report on Form 10-K for the fiscal year ended June 30, 2017 and amended Quarterly Reports on Form 10-Q/A for the fiscal quarters ended September 30, 2016, December 31, 2016 and March 31, 2017. The 2017 Form 10-K includes the company's audited financial statements for fiscal 2017, and restates certain other information as set forth therein. The Quarterly Reports on Form 10-Q/A restate certain information as set forth therein.
The unaudited interim financial information is preliminary. The final financial results reported for this period may also differ from the results reported in this release as a result of the work necessary for the preparation of financial statements taking into account the results of the Audit Committee investigation, procedures and analysis.
The company expects net sales in a range of $770 million to $830 million for the fourth quarter of fiscal year 2019 ending June 30, 2019.