Amtech: Overview of First Quarter Financial Results
Amtech Systems Reports First-Quarter Financial Results
Amtech Systems Inc., headquartered in Tempe, Arizona, announced a net profit of $108,000 for its fiscal first quarter.
The company’s earnings translated to $0.01 per share. After adjusting for expenses related to stock options and amortization, earnings stood at $0.03 per share.
During the quarter, Amtech, which supplies equipment to the solar panel and semiconductor industries, generated $19 million in revenue.
Looking ahead to the quarter ending in March, Amtech anticipates revenue between $19 million and $21 million.
Since the start of the year, Amtech’s stock price has climbed by 27%. By the close of trading on Thursday, shares reached $15.97, marking a more than threefold increase over the past year.
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