Intevac. (IVAC) Tops Q1 EPS by 3c

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Intevac Announces First Quarter 2017 Financial Results

May 1, 2017 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the first quarter ended April 1, 2017.

First Quarter Highlights

Revenues recognized on INTEVAC VERTEX volume production systems for display cover panel; Follow-on order received for 12 ENERGi solar ion implant systems for 1-Gigawatt capacity expansion; Stronger non-system order activity in our core HDD (hard disk drive) business, leading to revenues exceeding guidance; Approval of the DELTA-I program, which provides multi-national government funding of our ISIE 19 night-vision sensor in... More