Amtech Systems (ASYS) Misses Q4 EPS by 6c

Amtech Systems (NASDAQ: ASYS) reported Q4 EPS of ($0.14), $0.06 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $15.1 million versus the consensus estimate of $14.22 million.

GUIDANCE:

Amtech Systems sees Q1 2021 revenue of $16-18 million, versus the consensus of $15.4 million.

• The Company’s outlook reflects the anticipated ongoing impacts from the COVID-19 pandemic as understood today. Given how fluid the situation is both for Amtech as well as that of its customers and supply chain, management would like to remind investors that actual results may differ materially in the weeks and months ahead. Additionally, the semiconductor equipment industries can be cyclical and inherently impacted by changes in market demand. Operating results can be significantly impacted, positively or negatively, by the timing of orders, system shipments, and the financial results of semiconductor manufacturers.
• For the first fiscal quarter ending December 31, 2020, revenues are expected to be in the range of $16.0 to $18.0 million. Gross margin for the quarter ending December 31, 2020 is expected to be in the mid 30% range, with operating margin slightly negative.
• A portion of Amtech's results are denominated in Renminbis, a Chinese currency. The outlook provided in this press release is based on an assumed exchange rate between the United States Dollar and the Renminbi. Changes in the value of the Renminbi in relation to the United States Dollar could cause actual results to differ from expectations.

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

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