Published on 6 Oct 2024 on GuruFocus.com · via Yahoo Finance
Amtech Systems Inc (ASYS) Q3 2024 Earnings Call Highlights: Surpassing Revenue...
Revenue: $26.7 million, exceeding the high end of guidance range.Adjusted EBITDA: $2.3 million.Net Revenues: Increased 5% sequentially, decreased 13% from Q3 fiscal 2023.GAAP Gross Margin: Increased sequentially, consistent with prior year period.Selling, General and Administrative Expenses: Decreased $40,000 sequentially, decreased $2.1 million from prior year period.Research, Development and Engineering Expenses: Decreased $0.2 million sequentially, decreased $1.1 million from prior year period.GAAP Operating Income: $0.8 million, compared to $1.4 million in Q2 fiscal 2024 and a loss of $1.1 million in prior year period.Non-GAAP Operating Income: $1.5 million, compared to $0.2 million in Q2 fiscal 2024 and $0.4 million in prior year period.GAAP Net Income: $0.4 million or $0.03 per share.Non-GAAP Net Income: $1.1 million or $0.08 per share.Unrestricted Cash and Cash Equivalents: $13.2 million as of June 30, 2024.Net Cash: $8.9 million as of June 30, 2024.Annualized Cost Savings: Approximately $7 million.
Warning! GuruFocus has detected 4 Warning Signs with ASYS.