Amtech Systems Stock Price, News & Analysis

Amtech Systems, Inc. (ASYS) will announce its second quarter 2023 financial results on May 10, 2023, after market close. The earnings report will cover the period ending March 31, 2023. Following the announcement, a conference call will be held at 5:00 PM ET, featuring CEO Michael Whang, CFO Lisa Gibbs, and VP Paul Lancaster. They will discuss quarterly performance, current business conditions, and engage in a Q&A session. Investors can join the call by dialing 1-877-407-0784 for domestic callers or +1-201-689-8560 for international participants. A live webcast will also be accessible in the investor relations section of Amtech's website, with a replay available within two hours of the call for 30 days.

Amtech Systems, Inc. (NASDAQ: ASYS), headquartered in Tempe, Arizona, has announced multiple orders totaling $9.7 million for its automated clustered 300mm horizontal diffusion furnace systems designed for power semiconductor manufacturing. These orders are to be shipped by mid fiscal year 2024 and will be utilized in leading semiconductor fabs in North America and Asia. The BDF300 system, noted for its high market share in power device applications, is recognized for its ability to maintain higher process temperatures and prevent wafer slippage. CEO Michael Whang emphasized the technology's reliability, especially for automotive applications.

Amtech Systems, Inc. (NASDAQ: ASYS) announced a $1.8M multi-unit order for high volume reflow systems, particularly the Pyramax reflow oven, from a leading OSAT customer. This order, set to ship from March through the third fiscal quarter of 2023, adds to over 300 units ordered by the customer, highlighting ongoing demand in advanced packaging applications despite industry uncertainties. CEO Michael Whang expressed optimism regarding this order's significance in the advanced computing market and praised the company's strong relationships in the OSAT sector.

Amtech Systems (NASDAQ: ASYS) announced the sale of its 20^th OnTrak double-sided wafer scrubber for Silicon Carbide (SiC) manufacturing applications. The order, from an existing customer in North America, demonstrates the growing demand for these systems in the semiconductor sector.

The scrubber is designed for 100-200mm wafers and accommodates smaller sizes, enhancing its versatility. Previous orders have come from various regions, with Europe and North America being key markets. CEO Michael Whang highlighted the significance of this milestone in strengthening Amtech's position in the SiC segment, pivotal for electric vehicles and clean technology.

Amtech Systems, Inc. (NASDAQ: ASYS) announced multiple follow-on orders for controlled atmosphere belt furnaces used in the thermal processing of assemblies and substrates for electric vehicle (EV) production. These orders, from its BTU International division, will commence delivery in the second half of 2023 and continue into 2024. The furnaces will support applications in EV battery cooling and electronic controls, showcasing Amtech's strategic positioning within the automotive supply chain. CEO Michael Whang noted the significance of these orders as a transition to volume production in the EV industry.

Amtech Systems, Inc. (ASYS) reported a net revenue of $21.6 million for Q1 FY 2023, a 33% decrease from the previous quarter. The company faced an operating loss of $2.7 million, reflecting a decline in shipments of semiconductor and polishing equipment. Customer orders remained strong at $25.2 million, with a book-to-bill ratio of 1.2:1. The net loss per diluted share was $0.20, compared to a profit of $0.30 in the prior quarter. For Q2 FY 2023, revenues are projected to be between $30 million and $32 million, including the Entrepix acquisition.

Amtech Systems, Inc. (NASDAQ: ASYS) is set to announce its first quarter 2023 financial results on February 8, 2023, after market close.

The company, involved in manufacturing capital equipment for the semiconductor industry, will host a conference call featuring key executives, including Michael Whang (CEO) and Lisa Gibbs (CFO), to discuss the results and current business conditions.

The call will start at 5:00 pm ET and will be accessible via phone and a live webcast on the company's investor relations page.