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.
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Amtech Systems, Inc. (NASDAQ: ASYS) will announce its second quarter 2024 financial results on May 8, 2024. The company will discuss business conditions and conduct a Q&A session during a conference call hosted by the CEO and CFO.
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Amtech Systems, Inc. reported Q1 Fiscal 2024 results with net revenue of $24.9 million, GAAP operating loss of $8.9 million, and non-GAAP operating loss of $0.2 million. The company achieved $6 million in cost savings and aims for operational efficiency improvements. However, GAAP net loss was $9.4 million, and the book to bill ratio was 0.9:1.
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Amtech Systems, Inc. (ASYS) will announce its first quarter 2024 financial results on February 9, 2024, after market close. The company will host a conference call on February 12, 2024, to discuss the results. The call will be available live and via webcast. Robert Daigle, Lisa Gibbs, and Paul Lancaster will provide an overview of the quarter, discuss current business conditions, and conduct a question-and-answer session.
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Amtech Systems, Inc. (ASYS) reported fourth quarter fiscal 2023 net revenue of $27.7 million, with a GAAP operating loss of $11.7 million, and a non-GAAP operating loss of $3.0 million. Fiscal 2023 net revenue was $113.3 million, with a GAAP operating loss of $15.0 million, and a non-GAAP operating loss of $0.2 million. The company's actions to reduce fixed costs and expenses, including a reduction in force and exiting legacy product lines, aim to improve profitability as demand recovers.
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Amtech Systems, Inc. (NASDAQ: ASYS) reported a net revenue of $27.7 million for Q4 FY 2023 with customer orders of $18.2 million and a book to bill ratio of 0.7:1. For the full fiscal year 2023, the net revenue was $113.3 million, customer orders amounted to $103.9 million, and the book to bill ratio was 0.9:1. The company also announced a backlog of $51.8 million. However, due to the downturn in the semiconductor industry and delays in the adoption of next-gen polishing tools, Amtech anticipates an impairment charge in its Material and Substrate segment. The company experienced a 10% sequential decrease and a 14% year-over-year decrease in net revenues. Additionally, Amtech was not in compliance with its financial covenants under its Loan Agreement as of September 30, 2023, and entered into a Forbearance Agreement with UMB Bank. The outlook for Q1 FY 2024 indicates challenging near-term revenue and earnings, but the company remains confident in its long-term outlook.
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Amtech Systems, Inc. (ASYS) postpones earnings release and conference call to complete Q4 and year-end reporting and audit procedures. The call is rescheduled for December 13, 2023, at 5:00 pm ET.
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Amtech Systems, Inc. (NASDAQ: ASYS) will announce its Q4 and fiscal year 2023 financial results on December 6, 2023, after market close. The company will host a conference call to discuss the results, featuring CEO Robert Daigle, CFO Lisa Gibbs, and VP Paul Lancaster. They will cover the quarter overview, current business conditions, and conduct a Q&A session. Interested parties can join the call live or access a webcast on the company's website.
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Amtech Systems, Inc. (NASDAQ: ASYS) reported its third-quarter financial and operational highlights. Net revenue was $30.7 million, with a GAAP operating loss of $1.1 million and a non-GAAP operating income of $0.4 million. The company had a GAAP net loss of $1.0 million and a non-GAAP net income of $0.3 million. Customer orders were $26.2 million, and the book to bill ratio was 0.9:1. The backlog was $61.3 million.
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Amtech Systems, Inc. (NASDAQ: ASYS) announced the resignation of CEO Michael Whang and the appointment of Bob Daigle as the new CEO. The company focuses on manufacturing capital equipment used in fabricating semiconductor devices, with a strong emphasis on enabling technologies for electric vehicles and clean technology applications. Amtech aims to capitalize on growth opportunities driven by demand for SiC semiconductors, advanced packaging, and building a resilient global supply chain.
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FAQ
What is the current stock price of Amtech Systems (ASYS)?
The current stock price of Amtech Systems (ASYS) is $5.23 as of February 21, 2025.
What is the market cap of Amtech Systems (ASYS)?
The market cap of Amtech Systems (ASYS) is approximately 81.3M.
What does Amtech Systems Inc. specialize in?
Amtech Systems Inc. specializes in manufacturing capital equipment for thermal processing and wafer polishing, primarily for the semiconductor industry.
Where is Amtech Systems Inc. headquartered?
Amtech Systems Inc. is headquartered in the United States.
What are the main segments of Amtech Systems Inc.?
The main segments of Amtech Systems Inc. are Semiconductor and Material and Substrate.
Which industries use Amtech's thermal processing equipment?
Industries such as semiconductor manufacturing, electronics, automotive, and other sectors utilize Amtech's thermal processing equipment.
What types of materials does the Material and Substrate segment handle?
The Material and Substrate segment handles sapphire substrates, optical components, silicon wafers, various crystal materials, ceramics, and metal components.
In which regions does Amtech Systems operate?
Amtech Systems operates in the United States, Pakistan, Afghanistan, and the UAE.
What market share does Amtech hold in Pakistan's video and audio conferencing sector?
Amtech holds a 63% market share in Pakistan's video and audio conferencing sector.
Who are some of Amtech's key partners?
Key partners of Amtech include Cisco, Polycom, InFocus, Smart Tech, Barco, Extreme Networks, Optoma, Smart, Specktron, and Microsoft.
How many clients does Amtech have in Pakistan?
Amtech has over 2,500 clients in Pakistan.
What makes Amtech a leading IT distribution company in Pakistan?
Amtech's extensive experience, diverse skill set, timely project delivery, and strong partnerships make it a leading IT distribution company in Pakistan.
Amtech Systems
Nasdaq:ASYS
ASYS Rankings
ASYS Stock Data
81.30M
13.48M
4.97%
73.79%
0.4%
Semiconductor Equipment & Materials
Special Industry Machinery, Nec
United States
TEMPE