earnings
confidence high
sentiment negative
materiality 0.65
Amtech Q1 net loss $0.20 per share; revenue $21.6M, down 19% YoY; guides Q2 rev $30-32M
AMTECH SYSTEMS INC
2023-Q1 EPS reported
-$0.20
revenue$21,558,000
- Q1 fiscal 2023 net loss $2.7M ($0.20 diluted loss); operating loss of $2.7M includes $1.4M acquisition costs and $0.4M severance.
- Net revenue $21.6M, down 33% sequentially and 19% YoY due to lower semiconductor equipment shipments.
- Customer orders of $25.2M, book-to-bill 1.2:1, backlog $54.5M; demand for EV applications robust.
- Q2 fiscal 2023 guidance: revenue $30-32M, operating margin low single digits excluding ~$1.1M acquisition costs.
- Board authorized up to $5M stock repurchase program over one year starting Feb 10, 2023.