INTEVAC Reports 10.6% Increase in Total Revenue for Q2 of FY2023
August 8, 2023
☀️Earnings Overview
For the second quarter of FY2023, ending June 30 2023, INTEVAC ($NASDAQ:IVAC) reported total revenue of USD 10.3 million, a 10.6% increase from the same period in the previous year. Unfortunately, its net income decreased from -2.8 million to -4.9 million during the same period.
Analysis
GoodWhale’s financial analysis of INTEVAC shows it to be classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Investors looking for steady returns may be interested in this type of company. INTEVAC’s strengths are in its asset and profitability, however, it is weak when it comes to dividend growth. The company has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it may be able to safely ride out any crisis without the risk of bankruptcy. These factors, along with the moderate growth potential, make INTEVAC a potentially good option for the type of investor seeking a more conservative and secure approach. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intevac. More…
| Total Revenues | Net Income | Net Margin |
| 43.85 | -15.17 | -35.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intevac. More…
| Operations | Investing | Financing |
| -29.39 | 20.53 | -0.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intevac. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 157.12 | 40.12 | 4.51 |
Key Ratios Snapshot
Some of the financial key ratios for Intevac are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -26.3% | -17.9% | -37.2% |
| FCF Margin | ROE | ROA |
| -79.3% | -8.6% | -6.5% |
Peers
Its main competitors include Singulus Technologies AG, PVA TePla AG, and Integral Vision Inc. Each of these companies have established themselves as reliable and innovative providers of their respective services in the industry.
– Singulus Technologies AG ($OTCPK:SGTSY)
Singulus Technologies AG is a Germany-based technology company that specializes in the manufacture of optical disc production systems, including CD and Blu-ray disc replication machines. With a market cap of 40.77M as of 2023, the company has performed well over the years, achieving a Return on Equity (ROE) of 165.0%. This impressive ROE indicates high efficiency and profitability, with the company earning more than it spends. Singulus Technologies AG has successfully navigated the tough market conditions of recent years, and the company’s share price has grown steadily over the last few years.
– PVA TePla AG ($OTCPK:TPLKF)
PVA TePla AG is a publicly traded company that specializes in the production and sale of vacuum and gas pressure systems. It is based in Germany and has been listed on the Frankfurt Stock Exchange since 1998. Its market cap is currently 558.75M, which indicates its strong market position. Additionally, its return on equity (ROE) of 13.19% indicates that the company is generating positive returns on its investments. This makes PVA TePla AG an attractive investment opportunity for potential investors.
– Integral Vision Inc ($OTCPK:INVI)
Integral Vision Inc is a leading provider of advanced machine vision and automation solutions. The company specializes in providing end-to-end solutions for industrial automation needs and has established itself as a reliable partner for a wide range of industries. As of 2023, the company has a market capitalization of 103.46k and a Return on Equity of 15.16%. This indicates a strong financial performance and healthy growth potential for the company. The company continues to invest in research and development to remain at the forefront of the industry.
Summary
INTEVAC has reported a 10.6% increase in revenue for the second quarter of FY2023, ending June 30 2023, with total revenue of USD 10.3 million.
However, their net income was USD -4.9 million, compared to -2.8 million in the previous year. Despite this decrease in income, investors responded positively as stock price moved up the same day of the announcement. Overall, investors remain optimistic about INTEVAC’s potential as they continue to report higher revenues despite decreased net income. It remains to be seen if they can continue to increase their profits in the future, but for now, INTEVAC appears to be a good investment option.
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