Intevac Stock Price, News & Analysis

Intevac, Inc. (NASDAQ: IVAC) will release its fiscal first quarter 2023 financial results on Wednesday, May 3, 2023, at approximately 1 p.m. PT (4 p.m. ET). A teleconference discussing the results will take place at 1:30 p.m. PT (4:30 p.m. ET) on the same day. Participants can join by calling toll-free or via an online webcast. Founded in 1991, Intevac is a provider of thin-film processing systems, primarily for the hard disk drive (HDD) industry, with more than 180 of its 200 Lean® systems in operation worldwide. The company is also expanding its technology into applications like protective coatings for display cover glass. Investors can find more information and access the archived call on the company's investor relations website.

Intevac, Inc. (Nasdaq: IVAC) reported its fiscal fourth quarter and 2022 year-end results. Key highlights include $36 million in revenue, 42% gross margins, and a $113 million cash position. The company secured record orders of $133 million, leading to a backlog of $122 million. A joint development agreement worth $100 million over five years was signed, focusing on the TRIO™ platform for consumer electronics. Although the net loss for Q4 2022 was $3.2 million (or $0.12 per share), it improved from last year. The company aims for profitable growth in 2024.

Intevac, Inc. (Nasdaq: IVAC) will release its fiscal fourth quarter and full year 2022 financial results on February 1, 2023, at 1 p.m. PT. A teleconference will follow at 1:30 p.m. PT, where management will discuss the results. Intevac, a leader in thin-film processing systems, has supplied over 180 of its industry-leading 200 Lean systems to the hard disk drive (HDD) industry, representing the majority of the world's HDD disk media production capacity. The company is also expanding its technology applications into protective coatings for display cover glass.