Intevac. (IVAC) Tops Q3 EPS by 5c
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Intevac Announces New VERTEX™ Order
November 1, 2016 4:10 PM EDTSANTA 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
Intevac Announces Third Quarter 2016 Financial Results
November 1, 2016 4:05 PM EDTSANTA 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
