TEMPE, Ariz.--(BUSINESS WIRE)--Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of thermal processing, wafer cleaning and chemical mechanical polishing (CMP) capital equipment and related consumables used in semiconductor, advanced mobility and renewable energy manufacturing applications, will announce its first quarter 2024 financial results for the period ended December 31, 2023, on Friday, February 9, 2024, after market close. The company will host a conference call to discuss these result ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: September 30, 2023 OR ☐ 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: 0-11412 AMTECH SYSTEMS, INC. (Exact name of registrant as specified in its charter) | --- | --- | --- | --- | --- | |----------------- ...

Financial Data and Key Metrics Changes - The company closed fiscal 2023 with revenues of $113.3 million, an increase from $106.3 million in fiscal 2022, attributed to the acquisition of Entrepix [15] - Quarterly net revenues decreased 10% sequentially and 14% year-over-year, primarily due to lower shipments from the Shanghai facility [16] - Unrestricted cash and cash equivalents were $13.1 million as of September 30, 2023, down from $14.3 million at June 30, 2023 [17] Business Line Data and Key Metrics Changes - The advanced packaging and electronic assembly business has been significantly impacted by the semiconductor market slowdown, but tools remain highly regarded [9] - The company plans to cease manufacturing legacy polishing machines due to limited market fit, while continuing to provide access to newer technologies through Entrepix [10][11] Market Data and Key Metrics Changes - The semiconductor market is experiencing a prolonged downturn, affecting demand across multiple business segments [16][18] - The company anticipates an intangible asset impairment charge in the material and substrate segment due to economic conditions [17] Company Strategy and Development Direction - The company is focusing on areas with strong differentiation, including advanced packaging, electronic assembly, and EV battery cooling systems [9] - A long-term target model of $180 million in annual revenue with 18% EBITDA margins has been established, emphasizing the importance of operational optimization and potential inorganic investments [14] Management Comments on Operating Environment and Future Outlook - Management acknowledges the challenging demand environment and is implementing fixed cost reductions to achieve EBITDA breakeven [18] - The outlook for the first fiscal quarter is expected to yield revenues between $21 million and $24 million, with nominally negative EBITDA [20] Other Important Information - The company has entered into a forbearance agreement with its bank to manage cash flow during the downturn [18] - Actions taken are expected to decrease annual operating expenses by $4 million for fiscal 2024 [19] Q&A Session Summary Question: Recent forbearance agreement details - The company confirmed the reduction of the term loan size and the movement of the balance to a larger revolver [23][24] Question: Reason for the timing of the forbearance agreement - The timing aligned with Q4 results, allowing for lower monthly term payments and increased access to the revolver [24] Question: Backlog status and potential cancellations - There have been no cancellations, only customer push-outs, and efforts are being made to ship backlog orders [27][28]

Amtech Systems, Inc. (NASDAQ:ASYS) Q3 2023 Earnings Conference Call August 9, 2023 5:00 PM ET Company Participants Erica Mannion - Sapphire, Investor Relations Bob Daigle - Chairman & Chief Executive Officer Paul Lancaster - Vice President, Sales & Customer Service Lisa Gibbs - Chief Financial Officer Conference Call Participants Mark Miller - Benchmark Kevin Garrigan - Westpark Capital Operator Good day and welcome to the Amtech Systems Third Quarter Fiscal 2023 Earnings Conference Call. Please note that t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ 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 ☐ 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: 0-11412 AMTECH SYSTEMS, INC. (Exact name of registrant as specified in its charter) | --- | --- | ...

Amtech Systems, Inc. (NASDAQ:ASYS) Q2 2023 Earnings Conference Call May 10, 2023 5:00 PM ET Company Participants Erica Mannion - Investor Relations, Sapphire Michael Whang - Chief Executive Officer Paul Lancaster - Vice President, Sales & Customer Service Lisa Gibbs - Chief Financial Officer Conference Call Participants Mark Miller - The Benchmark Company Operator Good day and welcome to the Amtech Systems Fiscal Second Quarter 2023 Earnings Conference Call. Please note that this event is being recorded. I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 OR ☐ 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: 0-11412 AMTECH SYSTEMS, INC. (Exact name of registrant as specified in its charter) | --- | --- ...

Financial Data and Key Metrics Changes - In Q1 2023, the company generated $21.6 million in revenue, representing a year-over-year decrease of 19% and a sequential decrease of 33% [6][24] - The operating loss was $2.7 million compared to operating income of $3.9 million in Q4 2022 and $1.2 million in Q1 2022 [25] - Net loss for Q1 2023 was $2.7 million or $0.20 per share, compared to net income of $4.2 million or $0.30 per share in the previous quarter and net income of $1 million or $0.07 per share in the same quarter last year [25] Business Line Data and Key Metrics Changes - The semiconductor and polishing equipment shipments decreased, while there was an increase in consumable shipments compared to the prior year [24] - Demand for high-temperature belt furnaces for EV applications remained strong, with repeat orders indicating a robust market opportunity [7][19] - The Materials and Substrate segment saw healthy demand for consumable products, particularly for silicon carbide applications, which increased over 100% year-over-year [21][22] Market Data and Key Metrics Changes - The company experienced softness in orders for advanced packaging and SMT products, which is expected to continue into Q2 2023 [16] - The demand for silicon carbide consumables is anticipated to stabilize until additional wafer capacity comes online towards the end of the calendar year [21] - The company noted that the semiconductor equipment industry is cyclical and can be significantly impacted by changes in market demand [30] Company Strategy and Development Direction - The acquisition of Entrepix is expected to enhance the company's substrate processing solutions and create cross-selling opportunities [8][14] - The company aims to align its divisions with high-growth megatrend markets such as EV and energy efficiency [15] - Strategic investments are being made to improve manufacturing operations and increase capacity and profitability [20][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current downturn in the spending cycle for some products but remains optimistic about long-term opportunities [7] - The company expects Q1 2023 to represent the trough in new orders for advanced packaging and SMT products, with a recovery anticipated as market conditions improve [16] - The outlook for Q2 2023 includes expected revenues in the range of $30 million to $32 million, reflecting ongoing logistical impacts and supply chain delays [29] Other Important Information - Unrestricted cash and cash equivalents were $44.5 million as of December 31, 2022, down from $46.9 million at the end of Q4 2022 [26] - The company has access to an $8 million revolving line of credit for working capital needs following the acquisition of Entrepix [27] Q&A Session Summary Question: Can you talk about the $8 million booking for high-volume thermal systems for the EV supply chain? - The booking involves around 8 systems for various applications including silicon carbide and battery cooling modules, across multiple customers in North America, Europe, and Asia [32][35] Question: How does the Entrepix acquisition overlap with the existing customer base? - There is a significant overlap with existing customers, providing strong synergies across wafering and fab sides of the market [40] Question: What updates can you share about supply chain management? - The company has made adjustments to its supply chain, including adding suppliers and terminating certain ones, to improve efficiency and reduce lead times [42] Question: What is the margin outlook for the belt furnaces? - The margins for the belt furnaces are in the 30s, and improvements are expected as the company works on various initiatives [46] Question: How does the backlog compare with recent margins? - The margins in the backlog are expected to be flattish due to softness in shipments from Shanghai [49] Question: What is the focus for capital allocation in 2023 after the Entrepix acquisition? - The focus is evolving, with a close evaluation of cash flows and potential investments, including a renewed share repurchase program [58]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Arizona 86-0411215 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share ASYS NASDAQ Global Select Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: December 31, 2022 OR ☐ TR ...