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Amtech Systems Inc. - ASYS STOCK NEWS

Welcome to our dedicated news page for Amtech Systems (Ticker: ASYS), a resource for investors and traders seeking the latest updates and insights on Amtech Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Amtech Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Amtech Systems's position in the market.

News
Amtech Reports First Quarter 2024 Results
Rhea-AI Summary
Amtech Systems, Inc. reported Q1 Fiscal 2024 results with net revenue of $24.9 million, GAAP operating loss of $8.9 million, and non-GAAP operating loss of $0.2 million. The company achieved $6 million in cost savings and aims for operational efficiency improvements. However, GAAP net loss was $9.4 million, and the book to bill ratio was 0.9:1.
Rhea-AI Impact
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End-of-Day
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earnings
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Amtech Systems to Announce First Quarter 2024 Financial Results on Friday, February 9, 2024
Rhea-AI Summary
Amtech Systems, Inc. (ASYS) will announce its first quarter 2024 financial results on February 9, 2024, after market close. The company will host a conference call on February 12, 2024, to discuss the results. The call will be available live and via webcast. Robert Daigle, Lisa Gibbs, and Paul Lancaster will provide an overview of the quarter, discuss current business conditions, and conduct a question-and-answer session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.27%
Tags
earnings
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News
Amtech Reports Fourth Quarter and Year End Fiscal 2023 Results
Rhea-AI Summary
Amtech Systems, Inc. (ASYS) reported fourth quarter fiscal 2023 net revenue of $27.7 million, with a GAAP operating loss of $11.7 million, and a non-GAAP operating loss of $3.0 million. Fiscal 2023 net revenue was $113.3 million, with a GAAP operating loss of $15.0 million, and a non-GAAP operating loss of $0.2 million. The company's actions to reduce fixed costs and expenses, including a reduction in force and exiting legacy product lines, aim to improve profitability as demand recovers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
Tags
earnings
News
Amtech Fourth Quarter Fiscal 2023 Business Update
Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS) reported a net revenue of $27.7 million for Q4 FY 2023 with customer orders of $18.2 million and a book to bill ratio of 0.7:1. For the full fiscal year 2023, the net revenue was $113.3 million, customer orders amounted to $103.9 million, and the book to bill ratio was 0.9:1. The company also announced a backlog of $51.8 million. However, due to the downturn in the semiconductor industry and delays in the adoption of next-gen polishing tools, Amtech anticipates an impairment charge in its Material and Substrate segment. The company experienced a 10% sequential decrease and a 14% year-over-year decrease in net revenues. Additionally, Amtech was not in compliance with its financial covenants under its Loan Agreement as of September 30, 2023, and entered into a Forbearance Agreement with UMB Bank. The outlook for Q1 FY 2024 indicates challenging near-term revenue and earnings, but the company remains confident in its long-term outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-31.55%
Tags
earnings
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Amtech Systems Postpones Fourth Quarter and Fiscal Year 2023 Financial Results to Wednesday, December 13, 2023
Rhea-AI Summary
Amtech Systems, Inc. (ASYS) postpones earnings release and conference call to complete Q4 and year-end reporting and audit procedures. The call is rescheduled for December 13, 2023, at 5:00 pm ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.95%
Tags
earnings
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News
Amtech Systems to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on Wednesday, December 6, 2023
Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS) will announce its Q4 and fiscal year 2023 financial results on December 6, 2023, after market close. The company will host a conference call to discuss the results, featuring CEO Robert Daigle, CFO Lisa Gibbs, and VP Paul Lancaster. They will cover the quarter overview, current business conditions, and conduct a Q&A session. Interested parties can join the call live or access a webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
earnings
News
Amtech Reports Third Quarter Fiscal 2023 Results
Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS) reported its third-quarter financial and operational highlights. Net revenue was $30.7 million, with a GAAP operating loss of $1.1 million and a non-GAAP operating income of $0.4 million. The company had a GAAP net loss of $1.0 million and a non-GAAP net income of $0.3 million. Customer orders were $26.2 million, and the book to bill ratio was 0.9:1. The backlog was $61.3 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.69%
Tags
earnings
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Amtech Systems Announces CEO Transition
Rhea-AI Summary
Amtech Systems, Inc. (NASDAQ: ASYS) announced the resignation of CEO Michael Whang and the appointment of Bob Daigle as the new CEO. The company focuses on manufacturing capital equipment used in fabricating semiconductor devices, with a strong emphasis on enabling technologies for electric vehicles and clean technology applications. Amtech aims to capitalize on growth opportunities driven by demand for SiC semiconductors, advanced packaging, and building a resilient global supply chain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.69%
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Amtech Systems to Announce Third Quarter 2023 Financial Results on Wednesday, August 9, 2023
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.85%
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earnings
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Amtech Announces Participation in 15th Annual CEO Investor Summit 2023
Rhea-AI Summary
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Rhea-AI Sentiment
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4.37%
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Stock ASYS logo
Amtech Systems Inc.

Nasdaq:ASYS

ASYS Rankings

#4526 Ranked by Market Cap
#3373 Ranked by Stock Gains
N/A Ranked by Dividends

ASYS Stock Data

68.68M
11.95M
4.64%
70.05%
0.49%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Tempe

About ASYS

amtech systems is a leading it distribution company based in pakistan, afghanistan, uae, & usa. it has 63% of video & audio conferencing market in pakistan and one of the leaders in unified communication arena. we deal in high-end and state of the art technological solutions with great partners like cisco, polycom,infocus, smart tech,, barco, extreme networks, optoma, smart, specktron, microsoft etc.. amtech systems develops solutions utilizing best-of-breed technologies, tools, and techniques. our internal staff has a diverse mix of skills and depth of experience that together; rival that talent of any top-shelf consulting organization. amtech systems strong, core group of business and technology professionals deliver solutions that are on time, with in budget, and meet expectations. with over 2500 clients in pakistan and offices in over 5 cities including afghanistan and uae, amtech systems is the one of the largest it distribution and solution providers in pakistan.