secwatch.observer — SEC 8-K summary
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Issuer:     INTEVAC INC (—)
CIK:        0001001902
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-111516
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1001902/000119312524111516/0001193125-24-111516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1001902/000119312524111516/d823566d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-111516

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