secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0000950170-24-013261
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017024013261/0000950170-24-013261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017024013261/asys-20240209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-013261

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