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) | --- | --- ...

Amtech Systems, Inc. (NASDAQ:ASYS) Q1 2023 Earnings Conference Call February 8, 2023 5:00 PM ET Company Participants Erica Mannion - Investor Relations Michael Whang - Chief Executive Officer Lisa Gibbs - Chief Financial Officer Paul Lancaster - Vice President, Sales and Customer Service Conference Call Participants Craig Irwin - ROTH Capital Partners Mark Miller - The Benchmark Company Kevin Garrigan - WestPark Capital Operator Good day and welcome to the Amtech Systems Fiscal First Quarter 2023 Earnings C ...

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 ...

Amtech Systems, Inc. (NASDAQ:ASYS) Q4 2022 Earnings Conference Call November 30, 2022 5:00 PM ET Company Participants Erica Mannion - Sapphire IR Michael Whang - CEO Paul Lancaster - VP of Sales and Customer Service Lisa Gibbs - VP, CFO, Secretary and Director Conference Call Participants Craig Irwin - ROTH Capital Mark Miller - The Benchmark Company Kevin Garrigan - WestPark Capital Operator Good day, and welcome to the Amtech Systems Fiscal Quarter and Fiscal Year 2022 Earning Conference Call. Please note ...