Business
ACM Research Announces Preliminary 2021 Revenue, Shipments, and Initial Outlook for 2022 Revenue
—Preliminary 2021 Revenue of $255 to $260 Million——Preliminary 2021 Shipments of $365 to $370 Million——Projected 2022 Revenue of $345 to $385 Million——ACM to
About this update from Acm Research, Inc.
[{"type":"text","content":"—Preliminary 2021 Revenue of $255 to $260 Million——Preliminary 2021 Shipments of $365 to $370 Million——Projected 2022 Revenue of $345 to $385 Million——ACM to Present at Credit Suisse and Needham Growth Conferences— FREMONT, Calif., Jan. 04, 2022 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced that its preliminary unaudited revenue for the full year 2021 is expected to be in the range of $255 million to $260 million. This would represent annual growth of 63% to 66% and would be above the high-end of the guidance range provided in ACM’s third quarter 2021 earnings release issued on November 4, 2021. Furthermore, ACM anticipates its preliminary total shipments for the full year 2021 to be in the range of $365 million to $370 million. This would represent annual growth of 101% to 103%. ACM also announced that it expects revenue for the full year 2022 to be in the range of $345 million to $385 million, which would represent annual growth of 33% to 51%. This expectation assumes, among other factors, stability with respect to the global COVID-19 pandemic and US-China trade policy. The range of ACM’s 2022 outlook reflects, among other things, various spending scenarios for the production ramps of key customers, the absence of unexpected disruptions in ACM’s supply chain, and the timing of acceptances for first tools under evaluation in the field. “We expect another year of strong growth in 2022 as we execute on our mission to become a major equipment supplier to the global semiconductor industry,” said Dr. David Wang, ACM’s President and Chief Executive Officer. “We anticipate solid growth from our top customers, incremental contributions from new customers and continued ramps in newer products, including our Ultra C Tahoe, ECP map, ECP ap, and Ultra Furnace products. We intend to support our long-term growth objectives by introducing innovative new products and expanding our existing product offering, which we project will result in a meaningful increase in our R&D intensity to more than 17% of revenue in 2022.” ACM plans to release its fourth quarter and full year 2021 financial results, including total shipments, in late February 2022. The 2021 results included in this press release are prel...