{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-070049","form_type":"8-K","ticker":"ASYS","cik":"0000720500","company_name":"AMTECH SYSTEMS INC","filed_at":"2023-12-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.818620+00:00","generated_at":"2026-06-07T13:46:41.674689+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Amtech Q4 rev $27.7M, orders $18.2M, 0.7 book-to-bill; covenant breach, impairment expected","bullets":["Net revenue $27.7M in Q4 fiscal 2023, down 10% sequentially and 14% YoY.","Customer orders $18.2M; full-year orders $103.9M with 0.9 book-to-bill.","Anticipates impairment charge in Material and Substrate segment; finalizing audit procedures.","Loan covenant non-compliance; entered Forbearance Agreement with UMB Bank through Jan 17, 2025.","Exiting legacy PR Hoffman equipment business; reducing workforce to cut $4M in annual costs."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-070049","json":"https://secwatch.observer/filing/0000950170-23-070049.json","markdown":"https://secwatch.observer/filing/0000950170-23-070049.md","text":"https://secwatch.observer/filing/0000950170-23-070049.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/720500/000095017023070049/0000950170-23-070049-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/720500/000095017023070049/asys-20231213.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T13:46:41.674689+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"05ecc4298510aff5a1260c4ebb7db95c6eaa4f27","claim":"AMTECH SYSTEMS INC reported the first fiscal quarter ending December 31, 2023 results: revenue revenues in the range of $21 - $24 million. Guidance initiated.","evidence_excerpt":"For the first fiscal quarter ending December 31, 2023, we expect revenues in the range of $21 - $24 million with EBITDA nominally negative.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023070049/0000950170-23-070049-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first fiscal quarter ending December 31, 2023"},{"label":"Revenue","value":"revenues in the range of $21 - $24 million"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"3aa985decc7a40e90bd3175a567bfa214360507b","claim":"AMTECH SYSTEMS INC reported Fourth Quarter Fiscal 2023 results: revenue Net revenue of $27.7 million.","evidence_excerpt":"Fourth Quarter Fiscal 2023 Business Update • Net revenue of $27.7 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023070049/0000950170-23-070049-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fourth Quarter Fiscal 2023"},{"label":"Revenue","value":"Net revenue of $27.7 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"54c662a3cc8f8b181f2887409f8a180c60cc791c","claim":"AMTECH SYSTEMS INC reported Fiscal 2023 results: revenue Net revenue of $113.3 million.","evidence_excerpt":"Fiscal 2023 Business Update • Net revenue of $113.3 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023070049/0000950170-23-070049-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal 2023"},{"label":"Revenue","value":"Net revenue of $113.3 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"d5cddb4cff6d5d006ba5974ded47d3ad7b88053f","claim":"AMTECH SYSTEMS INC reported preliminary financial results for the fourth quarter and full year fiscal 2023.","evidence_excerpt":"On December 13, 2023, Amtech Systems, Inc. (the \"Registrant\" or the \"Company\") announced by press release a summary of its revenue and business status as of September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/720500/000095017023070049/0000950170-23-070049-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and full year fiscal 2023"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}