earnings
confidence high
sentiment positive
materiality 0.65
Amtech Q1 revenue $27.3M (+52% YoY), record backlog $48.5M, approves $5M stock buyback
AMTECH SYSTEMS INC
2022-Q1 EPS reported
$0.07
revenue$27,329,000
- Net revenue $27.3M, up 52% YoY and 12% sequentially; net income $1.0M ($0.07 diluted EPS).
- Customer orders $31.6M with book-to-bill 1.2:1; backlog $48.5M record, more than 2.5x prior year.
- Board authorizes $5M stock repurchase program over one year starting February 16, 2022.
- Q2 FY2022 guidance: revenue $26-28M, gross margin ~40%, operating margin upper single digits.
- Repurchased 291,383 shares for $2.7M in Q1; unrestricted cash $32.2M.