---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-070474"
form_type: "8-K"
ticker: "ASYS"
cik: "0000720500"
company_name: "AMTECH SYSTEMS INC"
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T13:10:57.094243+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0000950170-23-070474
- form_type: 8-K
- ticker: ASYS
- cik: 0000720500
- company_name: AMTECH SYSTEMS INC
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720500/000095017023070474/0000950170-23-070474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720500/000095017023070474/asys-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-070474
- JSON: https://secwatch.observer/filing/0000950170-23-070474.json
- Plain text: https://secwatch.observer/filing/0000950170-23-070474.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/720500/000095017023070474/0000950170-23-070474-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.