Intevac Expands Board Amid Revenue Growth and Strategic Moves
Company Announcements

Intevac Expands Board Amid Revenue Growth and Strategic Moves

An update from Intevac ( (IVAC) ) is now available.

Intevac, Inc. has entered a strategic agreement with Palogic Value Management, expanding its board and appointing Ryan Vardeman as director, while ensuring Palogic’s support for board decisions. Intevac also reported a revenue increase driven by technology upgrades in HAMR media, totaling over $28.5 million for Q3 2024. Despite operating losses, positive cash flow and a strong cash reserve of $72 million position the company for future growth opportunities, making it an intriguing prospect for investors watching the tech-driven financial market.

Find detailed analytics on IVAC stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyMorning Movers: Shopify surges and Shift4 sinks following Q3 results
TipRanks Auto-Generated NewsdeskIntevac Reports Strong Revenue Growth Amid Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App