ACM Research Q4 revenue $108.5M (+14% YoY); FY revenue $388.8M (+50%); introduces PECVD and Track Coater tools

ACM Research, Inc.

2022-FY EPS reported $0.59 revenue$388,832,000

Q4 revenue $108.5M (+14% YoY); FY revenue $388.8M (+50% YoY).
GAAP diluted EPS Q4 $0.18 (down from $0.23); FY $0.59 (up from $0.58). Non-GAAP EPS Q4 $0.19, FY $0.83.
Gross margin improved: Q4 49.6% vs 47.8%; FY 47.2% vs 44.2%.
CEO cites new PECVD and Track Coater tools doubling SAM; evaluation tools at US and European customers.
New facility in Lingang, Shanghai to begin initial production in H2 2023; increased investments in Korea.

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

ACM Research, Inc. reported the fiscal year ended December 31, 2022 results: revenue $388,832, net income $39,263, EPS Diluted EPS $0.59.

Period: the fiscal year ended December 31, 2022
Revenue: $388,832
Net income: $39,263
EPS: Diluted EPS $0.59
Result: reported results

Exact text from the filing

Year Ended December 31, GAAP Non-GAAP(1) 2022 2021 2022 2021 (dollars in thousands, except EPS) Revenue $ 388,832 $ 259,751 $ 388,832 $ 259,751 Gross margin 47.2 % 44.2 % 47.4 % 44.4 % Income from operations $ 59,035 $ 38,702 $ 66,765 $ 43,819 Net income attributable to ACM Research, Inc. $ 39,263 $ 37,757 $ 54,848 $ 42,267 Basic EPS $ 0.66 $ 0.65 $ 0.93 $ 0.73 Diluted EPS (2) $ 0.59 $ 0.58 $ 0.83 $ 0.65

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACM Research, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $108,542, net income $11,809, EPS Diluted EPS $0.18.

Period: the fourth quarter ended December 31, 2022
Revenue: $108,542
Net income: $11,809
EPS: Diluted EPS $0.18
Result: reported results

Exact text from the filing

Three Months Ended December 31, GAAP Non-GAAP(1) 2022 2021 2022 2021 (dollars in thousands, except EPS) Revenue $ 108,542 $ 95,142 $ 108,542 $ 95,142 Gross margin 49.6 % 47.8 % 49.7 % 47.9 % Income from operations $ 16,670 $ 19,126 $ 19,164 $ 20,420 Net income attributable to ACM Research, Inc. $ 11,809 $ 15,565 $ 12,596 $ 18,069 Basic EPS $ 0.20 $ 0.27 $ 0.21 $ 0.31 Diluted EPS (2) $ 0.18 $ 0.23 $ 0.19 $ 0.27

View on SEC.gov

168 earnings releases filed in the last 30 days. Browse all earnings releases →

ACM Research, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-008431

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