Amtech Q3 revenue $26.7M, GAAP net income $0.4M; CFO Gibbs resigns, Jenke appointed

AMTECH SYSTEMS INC

2024-Q3 EPS reported -$0.56 revenue$77,102,000

Revenue $26.7M, up 5% sequentially, down 13% YoY; GAAP EPS $0.03, non-GAAP EPS $0.08.
GAAP operating income $0.8M; non-GAAP operating income $1.5M; adjusted EBITDA $2.3M.
Cash $13.2M, net cash $8.9M; backlog $31.8M.
CFO Lisa Gibbs resigns effective Aug 7, 2024; Wade Jenke appointed CFO effective Aug 8, 2024.
CEO Daigle's stock option award amended to allow exercise of vested options post-termination.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Wade M. Jenke

Chief Financial Officer

ASYS · AMTECH SYSTEMS INC

Effective: 2024-08-08
Filed: August 7, 2024, 7:59 PM ET

the Board, based on the recommendation of the Audit Committee, approved the appointment of Wade M. Jenke as the Company’s new Chief Financial Officer effective August 8, 2024.

Departed

Lisa Gibbs

Chief Financial Officer

ASYS · AMTECH SYSTEMS INC

Effective: 2024-08-07
Successor: Wade M. Jenke
Filed: August 7, 2024, 7:59 PM ET

Lisa Gibbs has submitted her resignation as Chief Financial Officer and Board member, effective as of the close of business on August 7, 2024, to assume an executive role at another company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Wade M. Jenke was appointed as Chief Financial Officer at AMTECH SYSTEMS INC.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Board, based on the recommendation of the Audit Committee, approved the appointment of Wade M. Jenke as the Company’s new Chief Financial Officer effective August 8, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Lisa Gibbs resigned as Chief Financial Officer at AMTECH SYSTEMS INC.

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Lisa Gibbs has submitted her resignation as Chief Financial Officer and Board member, effective as of the close of business on August 7, 2024, to assume an executive role at another company.

View on SEC.gov

AMTECH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0000950170-24-092969

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