Amtech Q4 GAAP net loss $12M, non-GAAP loss $0.18; enters forbearance on debt covenant

AMTECH SYSTEMS INC

Q4 revenue $27.7M, down 14% YoY; GAAP net loss $12.0M ($0.85/share) vs Q4 FY22 net income $4.2M
Non-GAAP net loss $2.5M ($0.18/share); includes $5.2M intangible asset impairment and $1.5M inventory write-down
Customer orders $18.2M (0.7:1 book-to-bill); full-year orders $103.9M (0.9:1); backlog $51.8M
Actions: reduction in force, exit legacy PR Hoffman polishing; Forbearance Agreement with UMB Bank through Jan 2025

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 fourth quarter and fiscal year ended September 30, 2023.

Period: fourth quarter and fiscal year ended September 30, 2023
Result: reported results

Exact text from the filing

On December 14, 2023, Amtech Systems, Inc. (the "Registrant" or the "Company") announced by press release its results of operations for the fourth quarter and fiscal year ended September 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-070474

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