Amtech Systems, Inc. (NASDAQ:ASYS) Q3 2022 Earnings Conference Call August 15, 2022 5:00 PM ET Company Participants Erica Mannion - Sapphire IR Mike Whang - CEO Paul Lancaster - VP of Sales and Customer Service Lisa Gibbs - VP, CFO, Secretary and Director Conference Call Participants Mark Miller - The Benchmark Company Operator Good day and welcome to the Amtech Systems Fiscal Third Quarter 2022 Earning Conference Call. Please note that this event is being recorded. I would now like to turn the call over to ...

Amtech Systems, Inc. (NASDAQ:ASYS) Q2 2022 Earnings Conference Call May 11, 2022 5:00 PM ET Company Participants Erica Mannion - Sapphire Investor Relations Mike Whang - Chief Executive Officer Paul Lancaster - VP of Sales and Customer Service Lisa Gibbs - VP, CFO, Secretary and Director Conference Call Participants Andrew Scutt - ROTH Capital Jeff Osborne - Cowen and Company Mark Miller - The Benchmark Company Erica Mannion Good afternoon, and thank you for joining us for Amtech Systems' Fiscal Second Qua ...

Financial Data and Key Metrics Changes - Bookings for the first quarter reached $31.6 million, up 77% year-over-year, while backlog increased to $48.5 million, up 250% year-over-year [5] - Revenue for the quarter was $27.3 million, reflecting a 52% year-over-year increase, marking a record over the past three years [5] - Operating income was $1.2 million, compared to $1.3 million in the previous quarter and $1.1 million in the same prior year period [16] Business Line Data and Key Metrics Changes - The power semiconductor market showed strong engagement, with demand for both 300-millimeter and 200-millimeter systems continuing to grow [9] - In the material and substrate segment, there was a shift towards consumables as customers began to bring previous capacity expansions online [10] - The company is seeing increased quoting activity for silicon carbide wafer capacity expansions, indicating a solidifying demand for equipment orders [10] Market Data and Key Metrics Changes - The semiconductor equipment industry is experiencing cyclical changes, influenced by market demand fluctuations [18] - The backlog is extending into the first fiscal year of 2023, indicating a longer fulfillment timeline due to supply chain constraints [8] Company Strategy and Development Direction - The company is focused on expanding its manufacturing footprint in Shanghai and is operating near capacity, with plans to increase throughput once supply chain challenges normalize [8] - There is an emphasis on capturing additional opportunities in the power semiconductor market as manufacturers expand capacity [9] - The company is investing in R&D to offer newer technologies and products, with current R&D spending at approximately 6% of revenues [15] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding ongoing market uncertainties, including supply chain constraints, inflation, and labor shortages [12] - The company anticipates revenues for the second quarter to be in the range of $26 million to $28 million, with gross margins expected around 40% [18] - Management remains optimistic about long-term opportunities driven by demand acceleration and operating leverage in the business model [12] Other Important Information - Unrestricted cash and cash equivalents were $32.2 million as of December 31, 2021, with a new stock repurchase plan approved for $5 million [17] - The company is actively addressing logistical challenges, including shipping surcharges to mitigate impacts on operating expenses [5] Q&A Session Summary Question: Revenue outlook considering COVID-related delays - Management indicated that labor and transoceanic shipping limitations are the main challenges, with hopes for improvement over time [21] Question: Backlog composition - A significant portion of the backlog is attributed to horizontal diffusion furnaces, alongside other semiconductor products [24] Question: Market share trends in equipment - Management believes they have not lost market share and are actively engaged with customers regarding their planning [30] Question: New tools and margin expectations - New tools introduced are expected to have margin profiles in line with corporate averages, though no booked orders have been announced yet [35] Question: Tax rate guidance - The effective tax rate is expected to average between 25% to 30% for the year [39]

Amtech Systems, Inc. (NASDAQ:ASYS) Q4 2021 Earnings Conference Call November 17, 2021 5:00 PM ET Company Participants Erica Mannion - Sapphire IR Michael Whang - CEO Lisa Gibbs - CFO Paul Lancaster - VP, Sales and Customer Service Conference Call Participants Jeffrey Rossetti - Cowen & Co. Mark Miller - The Benchmark Company Operator Good day, and welcome to the Amtech Systems Fiscal Fourth Quarter and Year-end 2021 Earnings Conference Call. Please note that this conference is being recorded. I would now l ...

Amtech Systems, Inc. (NASDAQ:ASYS) Q3 2021 Results Conference Call August 4, 2021 5:00 PM ET Company Participants Erica Mannion - Sapphire IR Michael Whang - CEO Lisa Gibbs - CFO Conference Call Participants Jeff Osborne - Cowen & Company Operator Good day, and welcome to the Amtech Systems Fiscal Third Quarter 2021 Earnings Conference Call. Please note that this event is being recorded. I'd now like to turn the call over to Erica Mannion of Sapphire Investor Relations. Erica Mannion Good afternoon, and th ...