Amtech Systems sees Q3 revenue $22M-$25M, consensus $26M

Amtech said: “For the third fiscal quarter ending June 30, 2024, we expect revenues in the range of $22 – 25M with adjusted EBITDA nominally positive, which includes some expenses and production downtime with the BTU facility move. Although the near-term outlook for revenue and earnings remains challenging, we remain confident that the future prospects are strong for both our consumables and equipment serving advanced mobility and advanced packaging applications. We took actions during the first and second quarters of fiscal 2024, which will reduce Amtech’s structural costs by approximately $6 million annually and better align product pricing with value. These steps should significantly improve results and enhance profitability through market cycles.”