Amtech Systems (ASYS) Tops Q3 EPS by 43c, Q4 Revenue Guidance Misses Views

Amtech Systems (NASDAQ: ASYS) reported Q3 EPS of $0.33, $0.43 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $41.2 million versus the consensus estimate of $35.2 million.

GUIDANCE:

Amtech Systems sees Q4 2018 revenue of $26-28 million, versus the consensus of $40.4 million.

• The company expects revenues for the quarter ending September 30, 2018 to be in the range of $26 to $28 million. Gross margin for the quarter ending September 30, 2018 is expected to be in the upper 20 to lower 30 percent range, with operating margin negative, partly due to expected restructuring costs in the quarter.
• The solar and semiconductor equipment industries can be cyclical and inherently impacted by changes in market demand. Additionally, operating results can be significantly impacted, positively or negatively, by the timing of orders, system shipments, and the net impact of revenue deferral on shipments, recognition of revenue based on customer acceptances and the financial results of solar and semiconductor manufacturers. The results for the coming quarters will be significantly influenced by the timing of future orders of the 1GW turnkey project and the timing of meeting start-up milestones of the turnkey production lines.
• A substantial portion of Amtech's revenues are denominated in Euros. The revenue outlook provided in this press release is based on an assumed exchange rate between the United States Dollar and the Euro. A significant decrease in the value of the Euro in relation to the United States Dollar could cause actual revenues to be lower than anticipated.

For earnings history and earnings-related data on Amtech Systems (ASYS) click here.

You May Also Be Interested In

• Optimizerx Corporation (OPRX) Tops Q1 EPS by 2c, provides guidance
• SELLAS Life Sciences Group, Inc. (SLS) Tops Q1 EPS by 2c
• FitLife Brands, Inc. (FTLF) Reports Q1 EPS of $0.47