secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000950170-24-055712
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017024055712/0000950170-24-055712-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017024055712/asys-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-055712

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