TEMPE, Ariz.--( BUSINESS WIRE)--Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, today reported results for its first quarter ended December 31, 2024.
First Quarter Fiscal 2025 Financial and Operational Results:
- Net revenue of $24.4 million
- Cash of $13.2 million
- Cash provided by operations of $2.9 million
- GAAP net income of $0.3 million
- Non-GAAP net income of $0.8 million(1)
- Adjusted EBITDA $1.9 million (1)
- Customer orders of $18.1 million
- Backlog of $19.0 million
(1) See GAAP to non-GAAP and EBITDA and Adjusted EBITDA reconciliation in schedules following this release.
“I'm pleased to report a strong first quarter that exceeded the high end of our guidance, with $24.4 million in revenue and $1.9 million in adjusted EBITDA. While industry softness remains a headwind, we continue to make progress on our operational excellence and cost optimization initiatives, evidenced by the $1.8 million year-over-year increase in adjusted EBITDA. With strong long-term growth drivers that include AI infrastructure investments and our initiatives to grow our consumables, parts and services revenue, we are well positioned to deliver profitable growth that should result in meaningful value creation for shareholders,” commented Mr. Bob Daigle, Chief Executive Officer of Amtech.
GAAP and Non-GAAP Financial Results
(in millions, except per share amounts) |
Q1 |
|
Q4 |
|
Q1 |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenues, net |
$ |
24.4 |
|
$ |
$ |
24.1 |
|
$ |
24.9 |
|
|
Gross profit |
$ |
9.4 |
|
$ |
9.8 |
|
$ |
8.2 |
|
||
(1) See GAAP to non-GAAP reconciliation in schedules following this release.