Financial Performance - Net revenue for Q4 fiscal 2024 was $24.1 million, a decrease of 10% sequentially and 13% year-over-year[5]. - GAAP net loss for Q4 fiscal 2024 was $0.5 million, or $0.04 per share, compared to a GAAP net income of $0.4 million, or $0.03 per share, in the previous quarter[9]. - Fiscal 2024 total net revenue reached $101.2 million, with a GAAP net loss of $8.5 million[2]. - The net loss for the year ended September 30, 2024, was $8,486,000, compared to a net loss of $12,582,000 for the previous year[24]. - GAAP net loss for the three months ended September 30, 2024, was $(536) thousand, compared to $(8,486) thousand for the year ended September 30, 2024[27]. - The GAAP net loss per diluted share for the year ended September 30, 2024, was $(0.60), compared to $(0.89) for the previous year[26]. - The company reported a non-GAAP net loss income per diluted share of $0.00 for the year ended September 30, 2024, compared to $(0.02) for the previous year[26]. Revenue and Orders - Customer orders for Q4 fiscal 2024 totaled $17.6 million, while the backlog stood at $25.3 million[2]. - New orders for the three months ended September 30, 2024, totaled $17,587, down from $18,185 in the same period last year[22]. - Backlog as of September 30, 2024, was $25,312, a decrease from $51,794 as of September 30, 2023[22]. Profitability and Expenses - Adjusted EBITDA for Q4 fiscal 2024 was $0.8 million, marking the fourth consecutive quarter of positive adjusted EBITDA[3]. - Structural cost reductions of approximately $7 million annually are anticipated to enhance profitability[14]. - Research, Development and Engineering expenses decreased by $1.6 million compared to the prior year period[8]. - Research, development, and engineering expenses for the three months ended September 30, 2024, were $991, down from $2,597 in the same period last year[22]. - GAAP gross profit for the three months ended September 30, 2024, was $9,803, significantly higher than $2,794 for the same period in 2023, resulting in a gross margin increase from 10% to 41%[22]. - Non-GAAP gross profit for the year ended September 30, 2024, was $37,528,000, compared to $41,684,000 for the previous year, with a non-GAAP gross margin of 37%[25]. Cash Flow and Assets - Cash provided by operations for fiscal 2024 was $9.8 million, with unrestricted cash at $11.1 million as of September 30, 2024[11]. - Total current assets decreased to $64,376 as of September 30, 2024, from $81,189 as of September 30, 2023[23]. - Cash and cash equivalents decreased to $11,086 as of September 30, 2024, from $13,133 as of September 30, 2023[23]. - The company had cash and cash equivalents of $11,086,000 at the end of the year, down from $13,133,000 at the beginning of the year[24]. Debt and Liabilities - The company fully repaid $10.7 million on its debt agreement during the quarter[2]. - Total liabilities decreased to $36,595 as of September 30, 2024, from $48,656 as of September 30, 2023[23]. Future Outlook - The company expects revenues for Q1 fiscal 2025 to be in the range of $21 million to $24 million, with nominally positive adjusted EBITDA[14].

Amtech Systems (ASYS) shares have gained 47.9% year to date (YTD), outperforming the Zacks Computer and Technology Sector and S&P 500 index’s return of 17.6% and 16.2%, respectively, YTD.ASYS has also outperformed its Zacks Semiconductor - General industry peers, including Texas Instruments (TXN) , STMicroelectronics (STM) and Intel (INTC) . Shares of Texas Instruments have gained 18.8% YTD. Shares of STMicroelectronics and Intel have plunged 43.5% and 60.9% in the same time frame.The outperformance of ASYS ...

Amtech Systems (ASYS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 260%. A quarter ago, it was expected that this provider of equipment for solar panel and semiconductor makers would post a loss of $0.11 per share when it actually produced a loss of $0.01, delivering a su ...

EXHIBIT 99.1 Amtech Reports Third Quarter 2024 Results TEMPE, Ariz., August 7, 2024 -- Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, today reported results for its third quarter ended June 30, 2024. Third Quarter Fiscal 2024 Financial and Operational Results: • Net revenue of $26.7 million • GAAP operating income of $0.8 million • Net cash position of $8.9 million • Non-GAAP operating income of $1.5 million (1) • GAAP ...

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, 2024 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) | --- | --- | ...

Core Viewpoint - Amtech Systems, Inc. is expected to report a significant decline in revenues and a loss in the upcoming third-quarter fiscal 2024 results, reflecting challenges in demand and inflationary pressures [1][2][3]. Revenue Expectations - For the fiscal third quarter, Amtech anticipates revenues between $22 million and $25 million, with the Zacks Consensus Estimate at $24 million, indicating a 21.9% decline from the previous year [1]. - In the last reported quarter, Amtech's revenues were $25.4 million, surpassing the Zacks Consensus Estimate of $23 million but down 23.7% year over year [2]. Earnings Performance - The consensus estimate for the third-quarter bottom line is a loss of 5 cents per share, contrasting with earnings of 2 cents per share in the same quarter last year [1]. - In the previous quarter, Amtech reported a loss of 1 cent per share, which was better than the consensus estimate of a loss of 11 cents, but still down from earnings of 19 cents per share in the year-ago quarter [2]. Demand and Market Conditions - The company's performance is likely affected by reduced demand for backend packaging applications in the semiconductor industry and a decline in electric vehicle demand, both critical to Amtech's business [3][4]. - Amtech's backlog decreased by $5.7 million to $44.3 million as of March 31, 2024, indicating potential future revenue challenges due to reduced order intake [3]. Inflation Impact - Inflation has negatively impacted Amtech, particularly regarding shipments of equipment booked previously, eroding margins and likely continuing to affect gross margins and overall profitability in the third quarter [4][5]. Earnings Prediction Model - The current model does not predict an earnings beat for Amtech, with an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [6].

Core Viewpoint - Amtech Systems (ASYS) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade reflects an improvement in Amtech's earnings outlook, which is expected to positively impact its stock price [2]. - Amtech is projected to earn -$0.05 per share for the fiscal year ending September 2024, representing a year-over-year change of -150% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for Amtech has increased by 48%, indicating a positive trend in earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, making it crucial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - Amtech's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for higher stock movement in the near term [7].

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Amtech Systems (ASYS) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Amtech Systems is a member of the Computer and Technology sector. This group includes 618 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measu ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 21:Amtech Systems, Inc. (ASYS) : This semiconductor equipment company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 70.6% over the last 60 days.Amtech's shares gained 13.1% over the last three months compared with the S&P 500’s advanced of 4.6%. The company possesses a Momentum Score of B.Futu Holdings Limited (FUTU) : This company which prov ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Amtech Systems, Inc. (ASYS) : This semiconductor equipment company has seen the Zacks Consensus Estimate for its current year earnings increasing 70.6% over the last 60 days.Laureate Education, Inc. (LAUR) : This education services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.Elbit Systems Ltd. (ESLT) : This defense and aerospace technology company has seen the Zacks ...