AMTECH SYSTEMS INC

For the period ended Mar 31, 2024. Filed May 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 8, 2024

ASYS$12.06+0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (Unaudited) Three and

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

	Three Months Ended March 31,		Six Months Ended March 31,
	2024	2023	2024	2023
Revenues, net	$25,433	$33,310	$50,353	$54,868
Cost of sales	16,982	19,840	32,834	33,095
Intangible asset impairment	—	—	849	—
Gross profit	8,451	13,470	16,670	21,773
Selling, general and administrative	8,252	11,434	16,819	20,624
Research, development and engineering	921	1,517	2,509	2,910
Gain on sale of fixed assets	(2,197)	—	(2,197)	—
Goodwill impairment	—	—	6,370	—
Intangible asset impairment	—	—	430	—
Severance expense	112	—	310	400
Operating income (loss)	1,363	519	(7,571)	(2,161)
Interest income	14	49	33	339
Interest expense	(193)	(155)	(391)	(157)
Foreign currency loss	—	(168)	(187)	(515)
Other	9	13	9	4
Income (loss) before income tax provision	1,193	258	(8,107)	(2,490)
Income tax provision (benefit)	223	(2,946)	281	(2,950)
Net income (loss)	$970	$3,204	$(8,388)	$460
Income (Loss) Per Share:
Net income (loss) per basic share	$0.07	$0.23	$(0.59)	$0.03
Net income (loss) per diluted share	$0.07	$0.23	$(0.59)	$0.03
Weighted average shares outstanding:
Basic	14,197	14,028	14,193	14,018
Diluted	14,209	14,157	14,193	14,142

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.