Form 8-K ULTRATECH INC For: Oct 23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section�13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):��October 23, 2014

Ultratech, Inc.
(Exact name of registrant as specified in its charter)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

On October 23, 2014, Ultratech, Inc. (the Registrant) issued a press release to report its financial results for its third quarter ended September 27, 2014.��The press release is attached hereto as Exhibit 99.1.

The information in this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a) (2) of the Securities Act of 1933, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Date:�����October 23, 2014

Exhibit Index

Exhibit 99.1

Ultratech Announces Third Quarter 2014 Results

SAN JOSE, Calif.--(BUSINESS WIRE)--October 23, 2014--Ultratech, Inc. (Nasdaq: UTEK) a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), today announced unaudited results for the three-month period ended September 27, 2014.

For the third quarter of fiscal 2014, Ultratech reported net sales of $33.8 million as compared to $29.7 million during the third quarter of fiscal 2013. Ultratech's net loss for the third quarter of 2014 was $6.6 million, or $0.23 per share, as compared to net loss of $7.7 million, or $0.28 per share, for the same quarter last year.

Arthur W. Zafiropoulo, Chairman and Chief Executive Officer, stated, As a predominantly logic-focused company, we work with customers that manufacture microprocessor devices that primarily serve the mobile market. During the third quarter we saw unexpected push-outs in the laser annealing area related to the industrys difficulties with achieving acceptable yields in FinFET devices, which led in part to our lower than expected financial results.

Mr. Zafiropoulo continued, We remain confident that the long-term outlook for Ultratech is strong, with our best-in-class solutions for laser spike annealing, advanced packaging, wafer inspection and high-brightness LED solutions, which continue to address the developing needs of the industry.

At September 27, 2014, Ultratech had $295.0 million in cash, cash equivalents and short-term investments. Working capital was $348.3 million and stockholders' equity was $13.48 per share based on 28, 271,186 total shares outstanding as of September 27, 2014.

Conference Call Information

The conference call will be broadcast live over the Internet beginning at�11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time�on�Thursday, October 23, 2014. To listen to the call, dial 888/539-3612 (toll free) or 719/325-2315 (international) 10 minutes prior to the start time. The passcode is 8268270. A live webcast will also be available on the Investor Relations section of Ultratechs website at http://ir.ultratech.com. A replay of the call will be available at the same location or by dialing 888/203-1112 and entering access code 8268270.

Safe Harbor

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as anticipates, expects, remains, thinks, intends, believes, estimates, and similar expressions and include management's current expectation of its longer term prospects for success. These forward-looking statements are based on our current expectations, estimates, assumptions and projections about our business and industry, and the markets and customers we serve, and they are subject to numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Such risks and uncertainties include the timing and possible delays, deferrals and cancellations of orders by customers; quarterly revenue fluctuations; industry and sector cyclicality, instability and unpredictability; market demand for consumer devices utilizing semiconductors produced by our clients; our ability to manage costs; new product introductions, market acceptance of new products and enhanced versions of our existing products; reliability and technical acceptance of our products; our lengthy sales cycles, and the timing of system installations and acceptances; lengthy and costly development cycles for laser-processing and lithography technologies and applications; competition and consolidation in the markets we serve; improvements, including in cost and technical features, of competitors products; rapid technological change; pricing pressures and product discounts; our ability to collect receivables; customer and product concentration and lack of product revenue diversification; inventory obsolescence; general economic, financial market and political conditions and other factors outside of our control; domestic and international tax policies; cybersecurity threats in the United States and globally that could impact our industry, customers, and technologies; and other factors described in our SEC reports including our Annual Report on Form 10-K filed for the year ended December 31, 2013, and our Quarterly Report on Form 10-Q for the three months ended June 28, 2014. Due to these and other factors, the statements, historical results and percentage relationships set forth herein are not necessarily indicative of the results of operations for any future period. We undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.

About Ultratech: Ultratech, Inc. (Nasdaq: UTEK) designs, builds and markets manufacturing systems for the global technology industry. Founded in 1979, Ultratech serves three core markets: front-end semiconductor, back-end semiconductor, and nanotechnology. The company is the leading supplier of lithography products for bump packaging of integrated circuits and high-brightness LEDs. Ultratech is also the market leader and pioneer of laser spike anneal technology for the production of advanced semiconductor devices. In addition, the company offers solutions leveraging its proprietary coherent gradient sensing (CGS) technology to the semiconductor wafer inspection market and provides atomic layer deposition (ALD) tools to leading research organizations, including academic and industrial institutions. Visit Ultratech online at: www.ultratech.com.

(UTEK-F)

CONTACT:
Company Contact:
Ultratech, Inc.
Bruce R. Wright, 408-321-8835
Senior Vice President and CFO
or
Investor Relations Contact:
The Blueshirt Group
Suzanne Schmidt, 415-217-4962
[email protected]
Melanie Solomon, 415-217-4964
[email protected]

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