---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-111516"
form_type: "8-K"
ticker: null
cik: "0001001902"
company_name: "INTEVAC INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:11:46.517114+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Intevac Q1 revenue $9.6M, GAAP net loss $1.6M; orders top $20M, first TRIO shipped

## Summary
- Revenue $9.6M vs $11.5M YoY; GAAP net loss $1.6M ($0.06 diluted) vs $3.9M loss in Q1 2023.
- New orders exceeded $20M; backlog $53M at quarter end, driven by HAMR upgrade demand.
- First TRIO system shipped to Asia display cover glass facility in April; expected to convert to revenue upon customer qualification.
- Cash and investments $65M at quarter end; over $75M after subsequent AR collections.
- Operating loss (GAAP and non-GAAP) $4.4M, consistent with $4.5M loss in prior year.

## SEC filing metadata
- accession: 0001193125-24-111516
- form_type: 8-K
- cik: 0001001902
- company_name: INTEVAC INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1001902/000119312524111516/0001193125-24-111516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1001902/000119312524111516/d823566d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-111516
- JSON: https://secwatch.observer/filing/0001193125-24-111516.json
- Plain text: https://secwatch.observer/filing/0001193125-24-111516.txt

## Key facts
- Earnings Releases
  INTEVAC INC reported the three months ended March 30, 2024 results: revenue $9.6, net income $(1.6), EPS $(0.06).
  - Period: the three months ended March 30, 2024
  - Revenue: $9.6
  - Net income: $(1.6)
  - EPS: $(0.06)
  - Result: reported results
  source text: our stockholders for their continued support.” ($ Millions, except per share amounts) Q1 2024 Q1 2023 GAAP Results Non-GAAP Results GAAP Results Non-GAAP Results Net Revenues $ 9.6 $ 9.6 $ 11.5 $ 11.5 Operating Loss $ (4.4 ) $ (4.4 ) $ (4.5 ) $ (4.5 ) Net Loss $ (1.6 ) $ (2.7 ) $ (3.9 ) $ (4.2 ) Net Loss per Diluted Share $ (0.06 ) $ (0.10 ) $ (0.15 ) $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1001902/000119312524111516/0001193125-24-111516-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.