Intevac. (IVAC) Tops Q4 EPS by 10c

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Go back to Intevac. (IVAC) Tops Q4 EPS by 10c

Intevac Announces Fourth Quarter and Full Year 2015 Financial Results

February 3, 2016 4:05 PM EST

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and year ended January 2, 2016.

Highlights for Fiscal 2015:

Revenues at the high end of guidance, up 15% from 2014 Gross margin improved 842bp, compared to 2014 Orders up 43% from 2014 reflecting 40% and 47% increases in Thin-Film Equipment and Photonics, respectively Achieved sign-off on first VERTEX system for display cover panel; received order on second system from a new Tier 1 customer... More