Amtech Systems reports Q2 EPS (1c), consensus (13c)

Reports Q2 revenue $25.4M, consensus $23.5M. “In the second quarter of fiscal 2024 we benefited from improvements in our cost structure and operational effectiveness. We exceeded the high-end of our guidance range with revenue of $25.4M and, more importantly, we delivered adjusted EBITDA of $0.8M despite continued softness in overall market demand. Over the past few quarters, we have better aligned the size of our organization to support current market demand and believe we have positioned the company to deliver strong operating results as the broader semiconductor market recovers,” commented Mr. Bob Daigle, Chief Executive Officer of Amtech.