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Meldungen 11.05.2017

Amtech Reports Second Quarter Fiscal 2017 Results

Amtech Systems hat den Umsatz im zweiten Quartal des Geschäftsjahres 2017 verbessert, allerdings machte das Unternehmen höhere Verluste. Wir veröffentlichen die Mitteilung des Solarausrüsters aus Tempe im US-Bundesstaat Arizona dazu im Wortlaut.

Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.

TEMPE, Ariz., 2017 /PRNewswire/ -- Amtech Systems, Inc. (ASYS), a global supplier of production equipment and related supplies for the solar, semiconductor, and LED markets, today reported results for its second fiscal quarter ending March 31, 2017.

Second Quarter Fiscal 2017 Financial and Operational Highlights:
    Customer orders of $68.2 million (solar $46.9 million)
    Quarter-end backlog of $87.4 million (solar $66.9 million)
    Net revenues of $32.9 million (solar $16.6 million)
    Book to bill ratio of 2.0:1 (2.7:1 solar)
    Net loss of $1.4 million, or $0.11 per share
    Unrestricted cash of $38.9 million

Mr. Fokko Pentinga, Chief Executive Officer of Amtech, commented, "Our second quarter financial results show that our three segments, solar, semi, and polishing, all contributed to the 46% increase in revenue and the significantly improved operating margin compared to one year ago."

Mr. Pentinga continued, "We are pleased with our $68 million of total bookings in the second quarter, including $47 million of solar orders, which is the highest solar bookings since the second quarter of 2011.  With those bookings, our March 31, 2017 backlog is $87 million, a 67 percent increase since December 31, 2016 and the highest in six years. As announced on April 25, 2017, we received a follow-on order for the second phase of a multi-phase 1GW project, in addition to the order for the first phase announced in January 2017.  The Company's total order backlog as of April 25, 2017 was approximately $125 million. We expect financial results for the second half of this fiscal year and first half of fiscal year 2018 to benefit from this activity including the initial and follow on orders received this calendar year for our bi-facial N-type technology which includes our distinguishable high throughput PECVD and diffusion systems."

At March 31, 2017, the Company's total order backlog was $87.4 million (solar $66.9 million), compared to total backlog of $51.5 million (solar $35.8 million) at December 31, 2016. Backlog includes deferred revenue and customer orders that are expected to ship within the next 12 months.

Net revenue for the second quarter of fiscal 2017 was $32.9 million compared to $ 29.1 million in the preceding quarter and $22.5 million in the second quarter of fiscal 2016. The sequential increase and the increase from the prior year quarter is due primarily to increased demand for our solar PECVD and ALD tools, as well as our semiconductor equipment.
Gross margin in the second quarter of fiscal 2017 was 25%, compared to 29% in the preceding quarter and 27% in the second quarter of fiscal 2016. Sequentially and compared to prior year, the gross margins were lower in our solar segment primarily due to a net deferral of profit compared to a net recognition of previously deferred profit, but were partially offset by higher gross margins in our semiconductor segment due to favorable product mix.  Gross margins in our semiconductor segment were also higher in the second quarter of 2017 compared to prior year due higher sales volumes and higher capacity utilization.

Selling, general and administrative (SG&A) expenses in the second quarter of fiscal 2017 were $8.3 million compared to $7.0 million in the preceding quarter and $7.4 million in the second quarter of fiscal 2016.  Sequentially, the increase results primarily from the collection in Q1 2017 of approximately $1.0 million of previously reserved accounts receivable.  Compared to the same quarter in fiscal 2016, the increase results primarily from higher selling expenses related to higher revenues.

Research, development and engineering (RD&E) expense was $1.5 million in the second quarter of fiscal 2017 compared to $1.6 million in the preceding quarter and $2.2 million in the second quarter of fiscal 2016.

Depreciation and amortization in the second quarter of fiscal 2017 was $0.6 million, compared to $0.7 million in the preceding quarter and $0.7 million in the second quarter of fiscal 2016.

Income tax expense in the second quarter of fiscal 2017 was $0.2 million compared to $0.1 million in the preceding quarter and $1.7 million in the second quarter of fiscal 2016.  Income tax expense in Q2 2016 is primarily related to tax on the $2.6 million pre-tax gain on the sale of the exclusive sales and service rights for the Kingstone ion implanter.

The net loss for the second quarter of fiscal 2017 was $1.4 million, or $0.11 per share, compared to a net loss of $53,000 or $0.00 per share in the preceding quarter and a net loss of $1.5 million, or $0.11 per share for the second quarter of fiscal 2016.  The second quarter of 2017 did not benefit from any items comparable to the gain on the sale of the exclusive sales and service rights for the Kingstone ion implanter in the same quarter last year.

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