Amtech Q2 revenue $25.4M exceeds guidance; non-GAAP net loss $0.2M

AMTECH SYSTEMS INC

2024-Q2 EPS reported -$0.59 revenue$50,353,000

Revenue of $25.4M exceeded high-end of guidance, down 24% YoY from $33.3M.
GAAP net income $1.0M ($0.07 diluted EPS) vs prior Q $9.4M loss; non-GAAP net loss $0.2M (-$0.01).
Customer orders $19.8M; backlog $44.3M. Sold HQ for $2.5M net proceeds, gain $2.2M.
Debt payments of $6.4M; net cash $8.8M at quarter end.
Gross margin contracted to 33.2% from 40.4% a year ago due to product mix and material costs.

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 second quarter ended March 31, 2024 results: revenue $25.4 million, net income GAAP net income of $1.0 million, EPS 7 cents per share.

Period: second quarter ended March 31, 2024
Revenue: $25.4 million
Net income: GAAP net income of $1.0 million
EPS: 7 cents per share
Result: reported results

Exact text from the filing

manufacturing applications, today reported results for its second quarter ended March 31, 2024. Second Quarter Fiscal 2024 Financial and Operational Results: • Net revenue of $25.4 million • GAAP operating income of $1.4 million • Net proceeds of $2.5 million from sale of corporate headquarters building • Debt payments of $6.4 million, ending the quarter with net

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Source: SEC EDGAR

accession 0000950170-24-055712

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