Intevac. (IVAC) Tops Q3 EPS by 5c
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November 1, 2016 4:10 PM EDT
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing
systems, today announced an INTEVAC VERTEXTM system order
from a new Tier-1 customer. The system will incorporate Intevacs oDLCTM
(optical diamond-like carbon) enhanced scratch protection film, which
has multiple applications for protective cover glass. Scheduled to ship
during the fourth quarter, the company expects to recognize revenue on
the system in the first half of 2017.
We are pleased to announce this new VERTEX system order, commented
Wendell Blonigan, president and chief executive officer of Intevac. Our... More
November 1, 2016 4:05 PM EDT
SANTA CLARA, Calif.--(BUSINESS WIRE)--
Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the
quarter and nine months ended October 1, 2016.
We are pleased to announce financial results for the third quarter that
exceeded our expectations, commented Wendell Blonigan, Intevacs
president and chief executive officer. In our Thin-film Equipment
business, backlog increased again with the receipt of an order for two
200Â Lean systems. We are also pleased to announce an order for our
VERTEX system from a new Tier-1 customer today, which together with the
new orders received in the first three... More
