Amtech Systems reports Q4 non-GAAP EPS (18c) vs. 2c last year

Reports Q4 revenue $27.7M vs. $30.7M last year. “We experienced continued softness in demand across several of our end markets during the fourth quarter and have taken actions to reduce fixed costs and expenses. These actions include a reduction in force at each of our businesses, as well as a decision to exit the legacy PR Hoffman polishing product lines and focus on their consumable products going forward. The long-term opportunities for Amtech’s products remain strong, and the actions we are taking will allow us to significantly improve profitability as demand recovers,” commented CEO Bob Daigle.