Intevac. (IVAC) Tops Q4 EPS by 6c

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Go back to Intevac. (IVAC) Tops Q4 EPS by 6c

Intevac Announces Fourth Quarter and Full Year 2016 Financial Results

February 1, 2017 4:05 PM EST

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the fiscal fourth quarter and year ended December 31, 2016.

2016 Highlights

Significant improvements in performance compared to 2015: Revenues increased 7%, driven by our Thin-film Equipment growth initiatives and improved results in our core HDD (hard disk drive) business Gross margin improved 300bp; operating P&L improved by 13% Total orders up 25%, driven by a 76% increase in Thin-film Equipment orders Total backlog up 34%, with Thin-film Equipment backlog up 139%... More