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, 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.
Amtech Systems, Inc. (NASDAQ: ASYS) announced a revised schedule for its financial results for the third fiscal quarter ended June 30, 2022, now set to release on August 15, 2022, after market close. Revenues for the quarter reached $20.0 million, with net income per diluted share at $0.73, including a gain from the sale of a building in Billerica, Massachusetts. This timely update reflects the company’s commitment to transparency during reporting and audit processes.
Amtech Systems, Inc. (NASDAQ: ASYS) will report its fiscal Q3 2022 financial results on August 10, 2022, after market close. The results cover the period ending June 30, 2022. A conference call with CEO Michael Whang, CFO Lisa Gibbs, and VP Paul Lancaster will be held at 5:00 pm ET to discuss the results and current business conditions. Interested parties can join via phone or listen to a live webcast on the company’s investor relations website, with a replay available afterward.
Amtech Systems, Inc. (ASYS) reported strong Q2 fiscal 2022 results with net revenues of $28.6 million, a 44% increase year-over-year. Operating income reached $2.6 million and net income was $2.0 million, or $0.14 per diluted share. Strong customer orders totaled $33.7 million, with a book-to-bill ratio of 1.2:1. However, the Shanghai COVID lockdown affected operations, causing $1.2 million in revenue shifts. Fiscal Q3 revenue guidance estimates of $14 to $16 million reflect ongoing logistical challenges.
Amtech Systems, Inc. (NASDAQ: ASYS) will announce its Q2 2022 financial results for the period ending
Amtech Systems (NASDAQ: ASYS) reported strong Q1 results for fiscal 2022, achieving net revenue of $27.3 million, a 52% increase year-over-year. The company posted an operating income of $1.2 million and a net income of $1.0 million, translating to $0.07 per diluted share. Customer orders reached $31.6 million, and the backlog increased to $48.5 million, indicating robust demand despite industry supply chain challenges. The company anticipates revenues of $26 to $28 million for Q2, with a gross margin near 40%.
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