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) announced the sale of its 20th OnTrak double-sided wafer scrubber for Silicon Carbide (SiC) manufacturing applications. The order, from an existing customer in North America, demonstrates the growing demand for these systems in the semiconductor sector.
The scrubber is designed for 100-200mm wafers and accommodates smaller sizes, enhancing its versatility. Previous orders have come from various regions, with Europe and North America being key markets. CEO Michael Whang highlighted the significance of this milestone in strengthening Amtech's position in the SiC segment, pivotal for electric vehicles and clean technology.
Amtech Systems, Inc. (NASDAQ: ASYS) announced multiple follow-on orders for controlled atmosphere belt furnaces used in the thermal processing of assemblies and substrates for electric vehicle (EV) production. These orders, from its BTU International division, will commence delivery in the second half of 2023 and continue into 2024. The furnaces will support applications in EV battery cooling and electronic controls, showcasing Amtech's strategic positioning within the automotive supply chain. CEO Michael Whang noted the significance of these orders as a transition to volume production in the EV industry.
Amtech Systems, Inc. (ASYS) reported a net revenue of $21.6 million for Q1 FY 2023, a 33% decrease from the previous quarter. The company faced an operating loss of $2.7 million, reflecting a decline in shipments of semiconductor and polishing equipment. Customer orders remained strong at $25.2 million, with a book-to-bill ratio of 1.2:1. The net loss per diluted share was $0.20, compared to a profit of $0.30 in the prior quarter. For Q2 FY 2023, revenues are projected to be between $30 million and $32 million, including the Entrepix acquisition.
Amtech Systems, Inc. (NASDAQ: ASYS) is set to announce its first quarter 2023 financial results on February 8, 2023, after market close.
The company, involved in manufacturing capital equipment for the semiconductor industry, will host a conference call featuring key executives, including Michael Whang (CEO) and Lisa Gibbs (CFO), to discuss the results and current business conditions.
The call will start at 5:00 pm ET and will be accessible via phone and a live webcast on the company's investor relations page.
Amtech Systems, Inc. (NASDAQ: ASYS) announced the acquisition of Entrepix, Inc., a leader in chemical mechanical polishing (CMP) and wafer cleaning, for $35 million. This strategic move aims to enhance Amtech's market presence and accelerate growth in the front-end wafer processing sector, particularly in silicon carbide applications. The acquisition closed on January 17, 2023, and is expected to create significant value for Amtech's shareholders from day one. Entrepix reported revenues of $26.7 million for the trailing twelve months ended December 31, 2022. Both companies share a commitment to technical leadership and customer service.
Amtech Systems, Inc. (NASDAQ: ASYS) announced a repeat order for 20 controlled atmosphere furnaces from its BTU International division. The furnaces, vital for producing Direct Bond Copper substrates, will support the growing demand within the electric vehicle sector. Deliveries are set to commence in the second half of fiscal 2023. CEO Michael Whang highlighted the significance of DBC technology for heat dissipation in power modules, aligning with the surge in EV production.
Amtech Systems, Inc. (ASYS) reported its fourth quarter and fiscal year results for 2022. The firm posted net revenue of $32.3 million in Q4, with a net income of $4.2 million, translating to $0.30 per diluted share. Fiscal year revenue reached $106.3 million, up 25% year-over-year. However, challenges persist, including a book to bill ratio of 0.6:1 and anticipated negative operating margins in Q1 FY 2023. The company highlights its $50.8 million backlog, with significant orders related to electric vehicle expansions.
Amtech Systems, Inc. (NASDAQ: ASYS) will announce its fourth quarter and fiscal year 2022 financial results on November 30, 2022, after market close. The results will cover the period ending September 30, 2022. A conference call featuring CEO Michael Whang and CFO Lisa Gibbs will take place at 5:00 PM ET on the same day, discussing quarterly performance and current business conditions. Interested parties can access the call via phone or through a live webcast on the company's investor relations website.
Amtech Systems, Inc. (NASDAQ: ASYS) has appointed Louis M. Golato as the new Vice President of Operations, focusing on scaling operations in high-growth markets like Silicon Carbide. Golato brings over 30 years of experience in manufacturing and operations from his previous roles at VionX Energy and Stion Corporation. CEO Michael Whang emphasized that Golato's expertise will help lower customer lead-times and product costs, enhancing operational efficiency as demand surges in the semiconductor sector.
Amtech Systems, Inc. (NASDAQ: ASYS) reported its Q3 fiscal 2022 results, with net revenue of $20.0 million, down 28% sequentially. The Shanghai facility was fully reopened on June 1, following a government-mandated closure due to COVID-19, impacting shipments of advanced packaging equipment. Notably, customer orders totaled $30.1 million, yielding a book-to-bill ratio of 1.5:1. Operating income reached $9.6 million, while net income was $10.2 million, or $0.73 per diluted share. The outlook predicts revenues between $30 million to $32 million for Q4.
FAQ
What is the current stock price of Amtech Systems (ASYS)?
What is the market cap of Amtech Systems (ASYS)?
What does Amtech Systems Inc. specialize in?
Where is Amtech Systems Inc. headquartered?
What are the main segments of Amtech Systems Inc.?
Which industries use Amtech's thermal processing equipment?
What types of materials does the Material and Substrate segment handle?
In which regions does Amtech Systems operate?
What market share does Amtech hold in Pakistan's video and audio conferencing sector?
Who are some of Amtech's key partners?
How many clients does Amtech have in Pakistan?
What makes Amtech a leading IT distribution company in Pakistan?
