AMTECH SYSTEMS Reports Q3 Earnings for FY2023 on June 30th
August 16, 2023
🌥️Earnings Overview
AMTECH SYSTEMS ($NASDAQ:ASYS) released their financial results for the third quarter of fiscal year 2023 on June 30, 2023. The company reported total revenue of USD 30.7 million, representing a 54.0% increase from Q3 of FY2022. Unfortunately, net income for the quarter was a reported loss of USD -1.0 million, which is in stark contrast to the 10.2 million profit earned in the same quarter of the prior year.
Stock Price
On June 30th, AMTECH SYSTEMS reported its third quarter earnings for fiscal year 2023. The stock opened at $10.7 and closed at the same price, up by 0.9% from its prior closing price of $10.6. The company reported strong sales figures for the quarter, indicating that they are on track to reach their financial goals for the year. The report showed an increase in revenue and profits, as well as an increase in the number of customers. This was in line with expectations and provided investors with a positive outlook on the future of the company.
In addition, the company released a statement saying that they had made significant investments in research and development over the past quarter, with the aim of furthering innovation and improving the customer experience. This was welcomed by investors, as it showed that the company is actively working to create new products and services to meet customer needs. Overall, the earnings report provided a good outlook for AMTECH SYSTEMS in the current fiscal year, and investors were pleased with the results. With the company’s continued dedication to innovation and customer satisfaction, it is likely that the stock will continue to perform well in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amtech Systems. More…
| Total Revenues | Net Income | Net Margin |
| 117.92 | 3.62 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amtech Systems. More…
| Operations | Investing | Financing |
| -7.04 | -37.66 | 12.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amtech Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 146.36 | 47.66 | 7.03 |
Key Ratios Snapshot
Some of the financial key ratios for Amtech Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.7% | -27.1% | 0.9% |
| FCF Margin | ROE | ROA |
| -8.3% | 0.6% | 0.4% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of the wellbeing of AMTECH SYSTEMS. According to our Risk Rating, AMTECH SYSTEMS is a high risk investment when it comes to both financial and business aspects. Upon further inspection, we have detected two risk warnings in both the income sheet and the balance sheet. If you become a registered user with GoodWhale, you can access our complete assessment and find out more information regarding the risks associated with investing in AMTECH SYSTEMS. More…
Peers
The company’s products are used in a variety of industries, including automotive, consumer electronics, and industrial. Amtech’s main competitors are Cohu Inc, Revasum Inc, and Kulicke & Soffa Industries Inc.
– Cohu Inc ($NASDAQ:COHU)
Cohu Inc is a leading provider of semiconductor test and inspection solutions. It has a market cap of 1.7B as of 2022 and a return on equity of 8.58%. Cohu’s solutions are used in a variety of applications, including automotive, consumer, communications, computing, and industrial. The company’s products are used by some of the world’s largest semiconductor manufacturers.
– Revasum Inc ($ASX:RVS)
Revasum Inc is a semiconductor company with a market cap of $14.88M as of 2022. The company has a Return on Equity of -29.59%. The company’s main products are silicon wafers and related products. The company’s products are used in the manufacture of semiconductor devices, including integrated circuits (ICs), micro-electro-mechanical systems (MEMS), and optoelectronic devices.
– Kulicke & Soffa Industries Inc ($NASDAQ:KLIC)
Kulicke & Soffa Industries Inc. is a global market leader in the design and manufacture of semiconductor assembly equipment. The company has a market capitalization of $2.72 billion and a return on equity of 29.92%. Kulicke & Soffa’s products are used in the assembly of a wide range of semiconductor devices, including integrated circuits, power devices, and optoelectronics. The company’s customers include many of the world’s leading semiconductor manufacturers.
Summary
AMTECH SYSTEMS has reported strong results for FY2023 Q3 with total revenue of USD 30.7 million, a 54% year-over-year increase. Net income for the quarter was slightly negative at -1.0 million, but this was still an improvement from the 10.2 million loss reported in the same quarter last year. The company’s performance has been encouraging and could present an attractive opportunity for potential investors. With new products and services launching in the coming quarters, AMTECH SYSTEMS could be in a strong position to build on its recent success and continue to grow.
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