secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0000950170-22-009331
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amtech Q2 rev $28.6M, EPS $0.14; Q3 guide $14-16M on Shanghai closure
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- Net revenue $28.6M (+44% YoY); net income $2.0M ($0.14 diluted) vs loss of $0.2M year ago.
- Customer orders $33.7M, book-to-bill 1.2:1; backlog $53.6M.
- Q3 fiscal 2022 outlook: revenue $14-16M, upper 20% gross margin, negative operating margin due to Shanghai COVID closure.
- BTU headquarters sale for $21.5M expected to close June; after-tax gain ~$11-12M, net cash inflow $15-16M.
- Robert Daigle appointed Chairman, succeeding founder Jong Whang; board adopted clawback policy and stock ownership guidelines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017022009331/0000950170-22-009331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017022009331/asys-20220511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-009331

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer