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Amtech Systems (ASYS)
NASDAQ:ASYS
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-$0.02Last Year’s EPS
-$0.66Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 09, 2024
|% Change Since: -6.35%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
Despite significant revenue challenges and a net loss in Q4, Amtech Systems demonstrated strong operational improvements and financial management, achieving cost savings and eliminating debt. The focus on growing the consumables business and maintaining positive adjusted EBITDA is promising for future growth.Company Guidance
During the Amtech Systems Q4 2024 earnings call, the company reported a transformative year despite a challenging market environment, with significant operational and financial achievements. Amtech saw a 28% year-over-year increase in consumable sales at PR Hoffman, contributing to an overall 2% growth in revenue despite an 11% year-over-year decline in total revenue for fiscal 2024. The company's restructuring efforts yielded $7 million in annualized operating savings, further strengthened by an anticipated additional $2 million in savings through a hybrid manufacturing model. These actions helped Amtech achieve an adjusted EBITDA of $4 million, a substantial increase from $1.8 million in the previous year. The company also maintained a cash balance exceeding $11 million by year's end, after paying off $4 million in debt. Looking ahead, Amtech aims to focus on sustainable long-term growth through recurring revenue streams, such as consumables, parts, and services, particularly in areas related to AI infrastructure.Improved Operational Efficiency
Implemented a restructuring plan resulting in $7 million annualized operating savings, streamlining business operations and exiting the unprofitable legacy equipment business.
Growth in Consumables Business
Sales of consumable products at PR Hoffman surged by 28% year-over-year, despite overall revenue growth of just 2%.
Positive Adjusted EBITDA
Delivered $4 million of adjusted EBITDA profit compared to $1.8 million in fiscal year 2023, indicating improved financial performance.
Debt-Free Status
Paid off $4 million in debt, resulting in a debt-free status and a cash balance in excess of $11 million by the end of the fiscal year.
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ASYS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ASYS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 09, 2024 | $5.98 | $5.51 | -7.86% |
| Aug 07, 2024 | $5.25 | $5.37 | +2.29% |
| May 08, 2024 | $4.96 | $5.24 | +5.65% |
| Feb 09, 2024 | $3.44 | $4.32 | +25.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Amtech Systems (ASYS) report earnings?
Amtech Systems (ASYS) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Amtech Systems (ASYS) earnings time?
Amtech Systems (ASYS) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASYS EPS forecast?
ASYS EPS forecast for the fiscal quarter 2025 (Q1) is -$0.02.
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