Veeco(US:VECO)2023-02-15 22:06Financial Performance - Veeco's FY 2022 revenue reached $646 million, representing an 11% year-over-year growth[5] - The company's non-GAAP operating income for FY 2022 was $100 million[5] - Diluted non-GAAP EPS for FY 2022 was $1.57[6] - Q4 2022 revenue was $154 million[8] - Q4 2022 non-GAAP operating income was $24 million[8] - Q4 2022 diluted non-GAAP EPS was 38 cents[9] Market and Strategy - Semiconductor revenue increased by 50% year-over-year in FY 2022, driven by Laser Annealing[7] - The company's backlog grew by $60 million to $500 million[7] - Veeco acquired Epiluvac to accelerate access to the high-growth Silicon Carbide (SiC) markets[11, 13] - The SiC device market is expected to experience a compound annual growth rate (CAGR) of approximately 30%, reaching ~$6 billion by 2027[14] - The SiC epitaxy equipment market is expected to experience a CAGR of approximately 15%, reaching ~$500 million by 2027[14] Acquisition of Epiluvac - Veeco acquired Epiluvac AB for $30 million in cash upfront, with potential earn-outs up to $35 million[15]