Amtech Reports Fourth Quarter and Fiscal 2022 Results

About this update from Amtech Systems, Inc.

[{"type":"text","content":" TEMPE, Ariz.--(BUSINESS WIRE)--\nAmtech Systems, Inc. (\"Amtech\") (NASDAQ: ASYS), a manufacturer of capital equipment, including thermal processing and wafer polishing, and related consumables used in fabricating semiconductor devices, such as silicon carbide (SiC) and silicon power devices, analog and discrete devices, electronic assemblies and light-emitting diodes (LEDs), today reported results for its fourth quarter and fiscal year ended September 30, 2022.\n\nFourth Quarter Fiscal 2022 Financial and Operational Highlights:\n\n\nNet revenue of $32.3 million\n\n\nOperating income of $3.9 million\n\n\nNet income of $4.2 million\n\n\nNet income per diluted share of $0.30\n\n\nCustomer orders of $20.4 million\n\n\nBook to bill ratio of 0.6:1\n\n\nUnrestricted cash of $46.9 million\n\n\nFiscal 2022 Financial and Operational Highlights:\n\n\nNet revenue of $106.3 million\n\n\nOperating income of $17.3 million\n\n\nNet income of $17.4 million\n\n\nNet income per diluted share of $1.22\n\n\nCustomer orders of $114.0 million\n\n\nBook to bill ratio of 1.1:1\n\n\nSeptember 30, 2022 backlog of $50.8 million\n\n\nRepurchased 434,813 shares for $4.1 million\n\n\n“Fiscal 2022 was yet another strong year for Amtech, with over $106 million in revenue, representing a year-over-year growth rate of 25%. While near-term expectations are tempered by both easing demand and supply chain limitations, in the mid-term we are well positioned with increasing alignment to high growth, megatrend end markets such as electric vehicles. Approximately half of our current backlog is related to EV capacity expansion,” commented Mr. Michael Whang, Chief Executive Officer of Amtech. “We are securing production-scale projects across multiple Amtech product lines and divisions in diverse applications including Silicon Carbide wafer polishing and thermal processing for EV sensors, power module substrates, and battery cooling assemblies, among others,” added Whang.\n\nGAAP Financial Results\n\n\n\n(in millions, except per share amounts)\n\n\n\nQ4 FY\n\n\n\n \n\n\n\n\nQ3 FY\n\n\n\n \n\n\n\n\nQ4 FY\n\n\n\n \n\n\n\n\n12 Months\n\n\n\n \n\n\n\n\n12 Months\n\n\n\n \n\n\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n\n2022\n\n\n\n \n\n\n\n\n2021\n\n\n\n \n\n\n\n\n2022\n\n\n\n \n\n\n\n\n2021\n\n\n\n \n\n\n\n\n\nNet revenues\n\n\n\n$\n\n\n\n32.3\n\n\n\n \n\n\n\n\n$\n\n\n\n20.0\n\n\...

More updates from Amtech Systems, Inc.