secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0000950170-22-001214
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amtech Q1 revenue $27.3M (+52% YoY), record backlog $48.5M, approves $5M stock buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017022001214/0000950170-22-001214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017022001214/asys-20220210.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-001214

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