Exceeding Guidance in Q1 2025
Amtech's revenue of $24.4 million and $1.9 million in adjusted EBITDA exceeded guidance, showing operational excellence and cost optimization.
Significant Cost Savings Achieved
Restructuring initiatives have yielded over $8 million in annualized cost savings, expected to reach $9 million by the end of Q2.
Improved Profitability
GAAP net income for Q1 2025 was $0.3 million, a significant improvement from the GAAP net loss of $9.4 million in Q1 2024.
Strength in AI and Advanced Packaging
Demand for reflow equipment in AI infrastructure and advanced packaging has strengthened, providing growth opportunities.
Cash Position Improvement
Unrestricted cash and cash equivalents increased to $13.2 million from $11.1 million in the previous quarter due to better receivables and inventory management.