---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-013261"
form_type: "8-K"
ticker: "ASYS"
cik: "0000720500"
company_name: "AMTECH SYSTEMS INC"
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T05:02:58.205945+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Amtech Systems Q1 FY2024 net rev $24.9M (+16% YoY); GAAP operating loss $8.9M incl $7.6M impairment

## Summary
- Net revenue $24.9M, up 16% YoY; Q1 GAAP net loss $9.4M ($0.66 share) vs loss $2.7M a year ago.
- Non-GAAP operating loss $0.2M (vs loss $3.0M previous qtr); non-GAAP net loss $0.6M ($0.04 share).
- Recorded $7.6M in non-cash impairment charges due to book value exceeding market value of stock.
- Customer orders $23.1M, book-to-bill 0.9:1; backlog $50.0M; cash $17.0M up from $13.1M.
- CEO cites $6M annualized cost savings realized; Q1 revenue and adjusted EBITDA exceeded guidance high end.

## SEC filing metadata
- accession: 0000950170-24-013261
- form_type: 8-K
- ticker: ASYS
- cik: 0000720500
- company_name: AMTECH SYSTEMS INC
- filed_at: 2024-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/720500/000095017024013261/0000950170-24-013261-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/720500/000095017024013261/asys-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-013261
- JSON: https://secwatch.observer/filing/0000950170-24-013261.json
- Plain text: https://secwatch.observer/filing/0000950170-24-013261.txt

## Key facts
- Earnings Releases
  AMTECH SYSTEMS INC reported first quarter ended December 31, 2023 results: revenue $24.9 million, net income $9.4 million, EPS $0.66.
  - Period: first quarter ended December 31, 2023
  - Revenue: $24.9 million
  - Net income: $9.4 million
  - EPS: $0.66
  - Result: reported results
  source text: first quarter ended December 31, 2023. First Quarter Fiscal 2024 Financial and Operational Results: • Net revenue of $24.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/720500/000095017024013261/0000950170-24-013261-index.htm

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