ACM Research Q1 revenue $74.3M (+76% YoY); turns profitable with $0.11 diluted EPS

ACM Research, Inc.

2023-Q1 EPS reported $0.11 revenue$74,256,000

Revenue $74.3M, up 76% YoY from $42.2M; gross margin expands to 53.8% from 46.7%.
GAAP net income $7.1M ($0.11 diluted EPS) vs loss of $5.8M ($0.10 loss) in Q1 2022.
Non-GAAP net income $9.9M ($0.15 diluted EPS) vs non-GAAP loss $0.6M.
CEO cites growth from cleaning, ECP, furnace, new Track and PECVD; purchased land in South Korea for R&D/production.
Expects continued growth from new products, mature node investments in China, initial international customer contributions.

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 0.99

ACM Research, Inc. reported first quarter ended March 31, 2023 results: revenue $74,256, net income $7,145, EPS $0.12.

Period: first quarter ended March 31, 2023
Revenue: $74,256
Net income: $7,145
EPS: $0.12
Result: reported results

Exact text from the filing

and initial contribution from certain international customers.” Three Months Ended March 31, GAAP Non-GAAP(1) 2023 2022 2023 2022 (dollars in thousands, except EPS) Revenue $ 74,256 $ 42,186 $ 74,256 $ 42,186 Gross margin 53.8 % 46.7 % 54.0 % 46.9 % Income (loss) from operations $ 8,862 $ (9,306 ) $ 10,930 $ (7,932 ) Net income (loss) attributable to ACM

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 0001140361-23-023074

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.