Amtech Q2 FY2023 revenue $33.3M (+21% YoY), GAAP EPS $0.23, non-GAAP EPS $0.19

AMTECH SYSTEMS INC

2023-Q2 EPS reported $0.03 revenue$54,868,000

Net revenue $33.3M, up 21% YoY and 55% sequential; GAAP net income $3.2M ($0.23 diluted EPS).
Non-GAAP operating income $3.2M vs $(0.7)M prior quarter; non-GAAP net income $2.7M ($0.19 EPS).
SiC products now ~40% of Material & Substrate segment sales; EV belt furnaces drive demand.
Customer orders $34.3M; backlog $65.8M includes $8.2M from Entrepix acquisition.
One-time tax benefit of $3.2M from release of valuation allowance on Entrepix deferred tax liability.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AMTECH SYSTEMS INC reported financial results for second quarter ended March 31, 2023.

Period: second quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 10, 2023, Amtech Systems, Inc. (the "Registrant" or the "Company") announced by press release its results of operations for the second quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000950170-23-020516

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