Welcome to our dedicated page for Amtech Systems news (Ticker: ASYS), a resource for investors and traders seeking the latest updates and insights on Amtech Systems stock.
Amtech Systems Inc. (ASYS) is a prominent player in the high-tech manufacturing industry, known for its cutting-edge solutions in the semiconductor sector. Headquartered in the United States, Amtech specializes in the design, production, and sale of advanced thermal processing equipment and consumables. These products are essential for the fabrication of semiconductor devices, including silicon carbide (SiC) and silicon power chips, electronic assemblies, and LEDs.
Amtech operates through two main segments:
- Semiconductor: This division focuses on creating and servicing thermal processing equipment and associated controls. These products are crucial for semiconductor manufacturers and are also utilized in the electronics, automotive, and other industries.
- Material and Substrate: This segment produces high-precision machinery and consumables for lapping and polishing materials. These materials include sapphire substrates, optical components, silicon wafers, various crystal materials, ceramics, and metal components.
With a strong global presence, Amtech also operates in Pakistan, Afghanistan, the UAE, and other regions. The company holds a significant market share in Pakistan, commanding 63% of the video and audio conferencing market. Known for its collaborations with industry giants like Cisco, Polycom, InFocus, Smart Tech, Barco, Extreme Networks, Optoma, Smart, Specktron, and Microsoft, Amtech delivers state-of-the-art technological solutions.
Amtech Systems is renowned for its commitment to delivering projects on time and within budget, thanks to its team of experienced business and technology professionals. The company boasts over 2,500 clients in Pakistan alone and maintains offices in more than five cities, including international locations in Afghanistan and the UAE. This extensive reach makes Amtech one of Pakistan's largest IT distribution and solution providers.
Amtech Systems (NASDAQ: ASYS) reported strong Q1 fiscal 2025 results, exceeding guidance with net revenue of $24.4 million and adjusted EBITDA of $1.9 million. The company achieved GAAP net income of $0.3 million ($0.02 per share) and non-GAAP net income of $0.8 million ($0.06 per share).
Key financial metrics include cash position of $13.2 million, up from $11.1 million in September 2024, and operating cash flow of $2.9 million. Customer orders reached $18.1 million with a backlog of $19.0 million. The company's gross margin stood at 38.4%, with sequential revenue increasing 1% but decreasing 2% year-over-year.
For Q2 FY2025, Amtech projects revenues between $21-23 million with nominally positive adjusted EBITDA. Despite near-term challenges, management remains optimistic about long-term prospects in consumables and equipment for advanced mobility and packaging applications.
Amtech Systems (NASDAQ: ASYS) has announced its participation in the 37th Annual Roth Conference in Dana Point, California. The company's leadership, including CEO Robert Daigle and CFO Wade Jenke, will attend the event on March 17, 2025.
The executives will be available for one-on-one and small group meetings with institutional investors during the conference. Amtech Systems, a manufacturer of equipment and consumables for semiconductor fabrication and packaging, encourages interested institutional investors to contact their Roth sales representative to schedule meetings.
Amtech Systems (NASDAQ: ASYS) has appointed Asif Y. Jakwani to its Board of Directors. Jakwani brings significant industry experience, having most recently served as Senior Vice President and General Manager of On Semiconductor 's Advanced Power Division until March 2024. During his seventeen-year tenure at Onsemi, he was responsible for power discrete and modules, including silicon carbide (SiC) technology.
Jakwani's background includes marketing and design engineering roles at Tyco Electronics Power Systems and Current Technology, Inc. He holds a BS in Electrical Engineering from Lamar University, an MS in Electrical Engineering from UT Austin, and an MBA from UT Dallas. CEO Bob Daigle highlighted Jakwani's expertise in power semiconductors and strategic business acumen as valuable assets for Amtech's long-term growth strategy.
Amtech Systems (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, has scheduled its fiscal first quarter 2025 financial results announcement for Wednesday, February 5, 2025, after market close. The company will host a conference call at 5:00 pm ET on the same day.
CEO Robert Daigle and CFO Wade Jenke will lead the call, providing a quarterly overview and discussing current business conditions, followed by a Q&A session. Investors can join via phone (+1-800-717-1738 for domestic, +1-646-307-1865 for international callers) or through a live webcast available on the company's investor relations website. A replay will be accessible for approximately 30 days after the call.
Amtech Systems (NASDAQ: ASYS) reported its Q4 and fiscal year 2024 results. Q4 showed net revenue of $24.1 million with a GAAP net loss of $0.5 million. For fiscal 2024, the company achieved net revenue of $101.2 million with a GAAP net loss of $8.5 million.
Key highlights include positive adjusted EBITDA for four consecutive quarters, full debt repayment, and cash position of $11.1 million. The company implemented cost reduction initiatives, saving approximately $7 million annually. For Q1 FY2025, Amtech expects revenues between $21-24 million with nominally positive adjusted EBITDA.
Customer orders were $17.6 million in Q4 and $79.3 million for FY2024, with a backlog of $25.3 million.
Amtech Systems (NASDAQ: ASYS) has scheduled its fourth quarter and fiscal year 2024 financial results announcement for Monday, December 9, 2024, after market close. The company will host a conference call at 5:00 pm ET the same day, featuring CEO Robert Daigle and CFO Wade Jenke, who will discuss quarterly results and current business conditions. The call will be accessible via phone (+1-800-717-1738 for domestic, +1-646-307-1865 for international callers) and webcast through the company's investor relations website.
Amtech Systems (NASDAQ: ASYS) reported its Q3 2024 financial results, showing improvements despite market challenges. Key highlights include:
- Net revenue of $26.7 million, exceeding guidance
- GAAP operating income of $0.8 million
- Non-GAAP operating income of $1.5 million
- GAAP net income of $0.4 million ($0.03 per diluted share)
- Non-GAAP net income of $1.1 million ($0.08 per diluted share)
- Net cash position of $8.9 million
The company achieved its third consecutive quarter of positive adjusted EBITDA and operating cash flow, benefiting from approximately $7 million in annualized operating cost reductions. For Q4 2024, Amtech expects revenues between $22-25 million with nominally positive adjusted EBITDA.
Amtech Systems (NASDAQ: ASYS) announced a CFO transition, with Lisa Gibbs resigning effective August 7, 2024, to pursue an executive role elsewhere. Wade Jenke will succeed her as CFO on August 8, 2024. Jenke brings over 15 years of financial and operational experience, most recently serving as business unit CFO of the EMS Group at ASSA ABLOY AB. His background includes public financial reporting, FP&A, cost accounting, and manufacturing accounting.
CEO Bob Daigle thanked Gibbs for her eight-year contribution and welcomed Jenke, citing his impressive track record in financial and operational leadership at large publicly traded companies. Jenke expressed excitement about joining Amtech, acknowledging the company's leadership position in high-growth end-markets and his commitment to strengthening its market position and driving future growth.
Amtech Systems (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, has announced it will release its third quarter 2024 financial results on Wednesday, August 7, 2024, after market close. The company will host a conference call at 5:00 pm ET on the same day to discuss the results and current business conditions.
CEO Robert Daigle and CFO Lisa Gibbs will lead the call, which will include a question-and-answer session. Interested parties can join the call by dialing +1-800-717-1738 (US) or +1-646-307-1865 (international). A live webcast will be available on the company's investor relations website, with a replay accessible for approximately 30 days after the call.
Amtech Systems, Inc. reported second quarter fiscal 2024 results with net revenue of $25.4 million, GAAP operating income of $1.4 million, and net proceeds of $2.5 million from the sale of corporate headquarters building. Despite market challenges, adjusted EBITDA was $0.8 million. The company took cost-cutting measures to align with market demand and expects revenues of $22 - 25 million for the third fiscal quarter. Amtech remains confident in future prospects by reducing structural costs and enhancing profitability.
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