Amtech Systems Stock Price, News & Analysis

Amtech Systems, Inc. (NASDAQ: ASYS) has appointed Robert C. Daigle as a new member of its Board of Directors. Daigle brings over 30 years of executive experience, notably as Senior Vice President and Chief Technology Officer at Rogers Corporation, where he led significant business units. His expertise in power semiconductors aligns with Amtech's growth strategy. The Board now includes seven members, with four being independent directors, signaling a commitment to a diverse governance structure aimed at enhancing the company's strategic direction.

Amtech Systems, Inc. (ASYS) reported its third-quarter results for fiscal 2021, showing a net revenue of $23.1 million, a 17% sequential growth, and a 52% year-over-year increase. The operating income was $1.2 million, with net income from continuing operations at $0.4 million or $0.03 per diluted share. Customer orders rose to $30.9 million, and backlog reached $34.3 million. Despite rising SG&A expenses of $1.1 million due to a cybersecurity incident, strong demand for semiconductor products persists. The outlook for Q4 expects revenue between $25 to $27 million.

Amtech Systems, Inc. (NASDAQ: ASYS) will announce its third quarter 2021 financial results for the period ending June 30, 2021 on August 4, 2021, after market close. The announcement will be followed by a conference call at 5:00 p.m. ET featuring CEO Michael Whang and CFO Lisa Gibbs. This session will cover the results, current business conditions, and include a Q&A segment. Amtech Systems specializes in manufacturing capital equipment for semiconductor devices, relating particularly to power electronics and related industries.

Amtech Systems reported Q2 fiscal 2021 results, highlighting net revenue of $19.8 million, a 10% sequential increase, and a 37% year-over-year growth. Operating income was $0.2 million, down from $1.1 million in Q1. The loss from continuing operations was $0.2 million, equating to a loss of $0.02 per diluted share. Customer orders totaled $32.5 million, with a backlog of $26.5 million and a book-to-bill ratio of 1.6:1. Despite strong demand, gross margin decreased due to product mix changes and higher SG&A expenses. The guidance for Q3 forecasts revenues between $21 to $23 million.

Amtech Systems, Inc. (NASDAQ: ASYS) will announce its second quarter 2021 financial results on May 5, 2021, after market close. The results pertain to the period ending March 31, 2021. Following the announcement, a conference call will be held at 5:00 p.m. ET, featuring CEO Michael Whang and CFO Lisa Gibbs. They will discuss the financial results, current business conditions, and engage in a Q&A session. Interested parties can join the call via phone or through a live webcast on the company's investor relations website.

Amtech Systems, Inc. (NASDAQ: ASYS) has secured multiple orders for its Bruce high temperature Clustered 300mm Horizontal Diffusion Furnaces from a prominent European semiconductor manufacturer. The units are expected to be shipped in the latter half of fiscal 2021. CEO Michael Whang emphasized the reliability of the Bruce platform and its crucial role in the power semiconductor sector, vital for emerging technologies like electric vehicles. The Bruce Diffusion Furnace maintains a strong market position with over 100 reactor tubes installed, showcasing its proven technology in high temperature applications.

Amtech Systems, Inc. (NASDAQ: ASYS) reported strong order momentum for its PYRAMAX™ reflow systems used in advanced packaging applications. The new orders, including multi-unit follow-ons from major OSATs in Asia, reflect increased activity from strategic accounts. The PYRAMAX TrueFlat™ convection reflow ovens are designed to prevent warpage in thin substrates, ensuring flatness throughout processing. CEO Michael Whang noted the growing customer demand and the company's commitment to enhancing its capabilities in this market.

Amtech Systems, Inc. (ASYS) reported its first quarter fiscal 2021 results, revealing net revenues of $18.0 million and operating income of $1.1 million. Despite a 13% decrease year-over-year, revenues increased 19% sequentially, driven by demand in the semiconductor sector. The company achieved a gross margin of 41.8%, up from previous quarters, and income from continuing operations of $0.7 million or $0.05 per share. The outlook for Q2 anticipates revenues between $18.0 million and $20.0 million.

Amtech Systems, Inc. (NASDAQ: ASYS) will announce its first quarter 2021 financial results for the period ended December 31, 2020, on February 11, 2021, after market close. A conference call hosted by CEO Michael Whang and CFO Lisa Gibbs will take place at 5:00 p.m. ET to discuss the results and current business conditions. Interested parties can join the call by dialing 800-437-2398, or +1 323-289-6576 for international callers, using Conference ID 7458358. A live webcast will also be available on the company's investor relations website.