Business
Amtech Reports Second Quarter Fiscal 2025 Results
TEMPE, Ariz., May 12, 2025--Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, today reported results for its second quarter ended March 31, 2025.
About this update from Amtech Systems, Inc.
[{"type":"text","content":"TEMPE, Ariz., May 12, 2025--(BUSINESS WIRE)--Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, today reported results for its second quarter ended March 31, 2025.","length":259,"tagName":"p"},{"type":"text","content":"Second Quarter Fiscal 2025 Financial and Operational Results:","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net revenue of $15.6 million","length":28,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash of $13.4 million","length":21,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash provided by operations of $0.2 million","length":43,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP net loss of $31.8 million","length":30,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-GAAP net loss of $2.3 million(1)","length":36,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Adjusted EBITDA of ($1.4) million (1)","length":37,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Customer orders of $15.7 million","length":32,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Backlog of $19.1 million","length":24,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":251,"olType":false},{"type":"text","content":"(1) See GAAP to non-GAAP and EBITDA and Adjusted EBITDA reconciliation in schedules following this release.","length":107,"tagName":"p"},{"type":"text","content":""Results for the second quarter fell short of expectations, with revenue and adjusted EBITDA coming in below guidance due to the delayed shipment of a horizontal diffusion furnace. In addition, the prolonged downturn for capital equipment serving our mature node semiconductor customers resulted in non-cash asset impairments and inventory write-downs. These were non-cash items, and we ended the quarter with a slightly higher cash balance.","length":446,"tagName":"p"},{"type":"text","content":"I continue to be very encouraged by the strong demand we’re experiencing for semiconductor packaging equipment that supports AI infrastructure builds and by the meaningful progress we’ve made in improving our cost structure. With strong long-term growth drivers, including AI infrastructure investments and our...