Amtech Systems, Inc.
8.10+0.20 (+2.53%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · ASYS · USD
Key Stats
Market Cap
115.94MP/E (TTM)
-Basic EPS (TTM)
-2.24Dividend Yield
0%Recent Filings
8-K
Amtech Q3 revenue up 26% sequentially
Amtech Systems reported third-quarter fiscal 2025 results on August 6, 2025, with net revenue of $19.6 million, up 26% from the prior quarter but down 27% year-over-year due to mature-node weakness offset by AI-driven advanced packaging demand. GAAP net income hit $0.1 million, bolstered by a $1.0 million ERC refund and $13 million in annualized cost savings over 18 months, while non-GAAP net income reached $0.9 million. Backlog stands at $21.2 million. For Q4, revenues are expected at $17-19 million with mid-single-digit adjusted EBITDA margins.
10-Q
Q3 FY2025 results
Amtech Systems posted Q3 FY2025 revenue of $19.6M, down 27% y/y but up from Q2's $16.0M (derived), with gross margin expanding to 47% from 36% y/y thanks to the $2.1M employee retention credit offsetting inventory write-downs. Operating income held steady at $0.9M, while YTD figures show a $30.3M operating loss versus $6.8M last year, driven by $20.4M goodwill and $2.6M intangible impairments in both segments amid mature node weakness; net loss widened to $31.4M or $(2.20) diluted EPS on 14.3M shares, matching basic due to anti-dilution. Cash climbed to $15.6M with $5.6M operating cash flow, free cash flow at $4.9M (derived), and debt minimal at $0.2M after repaying the UMB facility. Backlog sits at $21.2M. Yet cyclical semiconductor demand poses ongoing risks.
8-K
Amtech Q2 revenue drops sharply
Amtech Systems reported Q2 fiscal 2025 results on May 12, 2025, with net revenue of $15.6 million, down 39% year-over-year due to a $4.9 million shipment delay and weak mature node demand. The company posted a GAAP net loss of $31.8 million, driven by $22.9 million in non-cash impairments and $6.0 million inventory write-downs, yet ended with $13.4 million in cash. Advanced packaging sales offset some declines. Backlog stands at $19.1 million. Q3 revenue guidance: $16-19 million.
10-Q
Q2 FY2025 results
Amtech Systems' Q2 FY2025 revenue fell 39% y/y to $15.6M, with gross margin flipping to -2% from 33%, driven by weakness in mature node semiconductors and a $4.9M shipping delay in Thermal Processing Solutions, which contributed 68% of sales. Semiconductor Fabrication Solutions revenue dropped 37% y/y to $5.0M amid high inventory and tepid demand. Operating loss widened to $31.6M from $1.4M profit, fueled by $20.4M goodwill impairment and $2.6M intangible asset impairment across segments; net loss hit $31.8M or $2.23 per diluted share, consistent with 14.3M shares. Cash climbed to $13.4M with $3.1M operating cash flow, while finance leases totaled $0.2M post-debt repayment. Backlog shrank 57% to $19.1M. Tariffs and trade policies pose ongoing risks to sales in China.
8-K
Amtech cuts Q2 guidance sharply
Amtech Systems slashed its Q2 fiscal 2025 guidance to $15-16 million in revenue and nominally negative adjusted EBITDA, down from $21-23 million and positive, hit by a $4.9 million shipment delay from a customer dispute and weak mature node demand including silicon carbide. The company anticipates a material impairment charge on goodwill, intangibles, and inventory, with details forthcoming in May. Yet advanced packaging reflow orders for AI beat all of 2024 shipments. Cash flow stays neutral amid the downturn.
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