SweetBunFactory ACMR Stock Soars on Updated Guidance After announcing an improved revenue outlook for 2023 and a positive guidance for 2024, ACM Research (NASDAQ:ACMR) saw its stock price increase by over 20% last week. The company now anticipates revenue of $530 million to $545 million for 2023, an increase from the previous estimate of $520 million to $540 million. For 2024, the company forecasts revenue of $650 million to $725 million, indicating its strong growth momentum in the semiconductor market ...

Shares of ACM Research (ACMR 11.63%) were moving higher today after the company updated its full-year guidance for 2023 and gave better-than-expected guidance for 2024.As a result, the semiconductor stock was up 10.8% as of 12:10 p.m. ET. ACM surprises to the upsideACM Research makes wafer-cleaning equipment for the semiconductor industry and it occupies a unique niche in the sector. The stock soared in 2023 on broader gains in the sector, and 2024 seems to be off to a strong start as well. In what was esse ...

—Updates 2023 Revenue Outlook to $530 to $545 Million— —Projected 2024 Revenue of $650 to $725 Million— —ACM to Participate at Upcoming Conference and Event— FREMONT, Calif., Jan. 09, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. ("ACM") (NASDAQ:ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today has updated its full year 2023 revenue outlook to a range of $530 million to $545 million, versus a range of $520 million to $540 million a ...

FREMONT, Calif., Dec. 27, 2023 (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 its participation in the following upcoming investor conferences. January 8th, 2024: UBS Greater China Conference 2024 at Pudong Shangri-La Hotel in ShanghaiJanuary 16th, 2024: 26th Annual Needham Growth Conference (Virtual) Management will be available for one-on-one and group meetings w ...

Shares of semiconductor-manufacturing equipment company ACM Research (ACMR 4.24%) are up just over 100% since last December as the company ratchets up its sales to China's burgeoning chipmaking industry. Revenue is up 38% through the first nine months of 2023, and earnings per share (EPS) have more than doubled. That said, after a massive run-up, it looks like ACM is showing signs of slowing a bit. Optimism is still running high, though, as China is highly motivated to develop its own chip manufacturing cap ...

ACM Research, Inc. (NASDAQ:ACMR) Q3 2023 Earnings Conference Call November 7, 2023 8:00 AM ET Company Participants Gary Dvorchak - Managing Director of The Blueshirt Group David Wang - President and Chief Executive Officer Mark McKechnie - Chief Financial Officer and Treasurer Lisa Feng - Chief Financial Officer of ACM Shanghai Conference Call Participants Charles Shi - Needham & Company Suji Desilva - Roth Capital Partners Christian Schwab - Craig-Hallum Capital Charlie Chan - Morgan Stanley Operator Good ...

Financial Performance - Revenue for the three months ended September 30, 2023, was $168,569 million, a 26% increase from $133,709 million in the same period of 2022[18]. - Gross profit for the nine months ended September 30, 2023, reached $197,139 million, up from $129,810 million, reflecting a 52% increase year-over-year[18]. - Net income attributable to ACM Research, Inc. for the three months ended September 30, 2023, was $25,679 million, up from $21,004 million in the same period of 2022, representing a 22% increase[18]. - Net income for the nine months ended September 30, 2023, was $73,554 thousand, compared to $36,381 thousand for the same period in 2022, representing a 102% increase[26]. - Basic net income attributable to ACM Research, Inc. per share for the three months ended September 30, 2023, was $0.43, compared to $0.35 in the same period of 2022[18]. - For the three months ended September 30, 2023, net income was $30,994,000, an increase of 14.1% compared to $27,076,000 for the same period in 2022[93]. - For the nine months ended September 30, 2023, total revenue reached $387,402,000, compared to $280,290,000 for the same period in 2022, indicating a growth of 38.2%[102]. Assets and Liabilities - Total current assets increased to $1,115,894 thousand as of September 30, 2023, compared to $963,806 thousand at December 31, 2022, representing a growth of approximately 15.8%[15]. - Total liabilities grew to $532,118 thousand from $423,329 thousand, an increase of approximately 25.7%[15]. - Stockholders' equity increased to $729,050 thousand from $674,856 thousand, representing a growth of about 8%[15]. - Total equity as of September 30, 2023, was $878,130 thousand, up from $774,098 thousand as of June 30, 2023, indicating a growth of approximately 13.4%[23]. - Property, plant, and equipment net value rose to $190.9 million as of September 30, 2023, from $82.9 million as of December 31, 2022[119]. - Long-term borrowings rose to $39,753 thousand from $18,687 thousand, an increase of approximately 112.5%[15]. Cash Flow and Investments - Cash flow used in operating activities for the nine months ended September 30, 2023, was $(42,117) thousand, an improvement from $(61,397) thousand in the same period of 2022[26]. - Cash, cash equivalents, and restricted cash at the end of the period were $207,661 thousand, down from $336,642 thousand at the end of the previous period[27]. - The company reported a net decrease in cash of $(40,790) thousand for the nine months ended September 30, 2023, compared to $(226,425) thousand for the same period in 2022[27]. - The company has significant time deposits totaling $118,834 as of September 30, 2023, down from $172,448 on December 31, 2022, a decrease of 31.1%[80]. - The company incurred a total of $7,952 in purchases from related party Ninebell for the three months ended September 30, 2023, down from $12,132 in the same period of 2022, representing a decrease of 34.9%[164]. Operating Expenses - Operating expenses for the three months ended September 30, 2023, totaled $55,341 million, compared to $34,331 million in the same period of 2022, marking a 61% increase[18]. - The total operating expenses for the nine months ended September 30, 2023, were $124,674 million, compared to $87,445 million in the same period of 2022, reflecting a 43% increase[18]. - Research and development expenses for the three months ended September 30, 2023, were $26,151 million, a significant increase from $15,678 million in the same period of 2022, reflecting a 67% rise[18]. Regulatory and Market Risks - The company is facing regulatory risks due to new export controls from Japan and the Netherlands, which may adversely impact shipments and sales in mainland China[59]. - ACM Shanghai's customers and operations are primarily based in mainland China, which poses risks due to recent U.S. export restrictions affecting semiconductor manufacturing[53]. - The U.S. government enacted new rules in October 2022 and revised them in October 2023, impacting ACM's ability to support customers in mainland China[53]. Stock and Equity - ACM issued 623,244 shares of Class A common stock during the three months ended September 30, 2023, compared to 231,710 shares issued in the same period of 2022, reflecting a 169.5% increase[166]. - The number of shares of Class A common stock issued and outstanding increased to 55,574,734 as of September 30, 2023, from 54,655,286 as of December 31, 2022[166]. - The total stock-based compensation expense for the nine months ended September 30, 2023, was $14,666 thousand, compared to $5,236 thousand for the same period in 2022, representing an increase of 180%[187]. Taxation - The company recorded an income tax expense of $11,235 thousand for the nine months ended September 30, 2023, down from $14,138 thousand in the same period of 2022[193]. - The effective income tax rate for ACM differs from statutory rates due to valuation allowances and permanent differences, impacting the overall tax expense recorded[193]. - The Company has total unrecognized tax benefits of $8,448, with a potential net impact of $6,178 on the effective tax rate if recognized[195].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _____________ Commission file number: 001-38273 ACM Research, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 94-3290283 (Sta ...

ACM Research, Inc. (NASDAQ:ACMR) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Yujia Zhai - Investor Relations, The Blueshirt Group David Wang - Chief Executive Officer Mark McKechnie - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Suji Desilva - ROTH Capital Christian Schwab - Craig-Hallum Capital Chaolien Tseng - Credit Suisse Mark Miller - The Benchmark Company Robert McKay - Blue Lotus Operator Good morning, and thank you for stan ...

Supplemental Investor Presentation Earnings Release – Second Quarter 2023 Forward-Looking Statements.Certain statements contained in this presentation are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words areintended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations a ...