Amtech Systems (ASYS) Reports Q4 Loss of $0.61, Revenues Beat; Offers 1Q19 Revenue Outlook Below Consensus

Amtech Systems (NASDAQ: ASYS) reported Q4 EPS of ($0.61), versus $0.00 reported last year. Revenue for the quarter came in at $28.8 million versus the consensus estimate of $27.17 million.

Mr. J.S. Whang, Executive Chairman of Amtech, commented, "In fiscal year 2018, we realized progress in all of our businesses, closing the year with record net revenues in our combined semiconductor and LED/SiC businesses. In solar, we successfully installed Phase I of our large turnkey project and announced orders this quarter of more than $11 million for our N-type systems."

Mr. Whang continued, "We continue to develop our core technologies to ensure we are best positioned to be the supplier of choice in the marketplace. We look forward to continuing to prudently invest in the long-term profitable growth of the Company. And, in combination with that ongoing investment, we are pleased to report that in the fourth quarter we bought back over 771,000 shares of our common stock, completing our $4 million stock repurchase plan. In November 2018, the Board of Directors approved an additional $4 million stock repurchase plan."

GUIDANCE:

Amtech Systems sees Q1 2019 revenue of $27-29 million, versus the consensus of $32.13 million.

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

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