secwatch.observer — SEC 8-K summary
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Issuer:     AMTECH SYSTEMS INC (ASYS)
CIK:        0000720500
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092969
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720500/000095017024092969/0000950170-24-092969-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720500/000095017024092969/asys-20240806.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092969

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer