Intevac. (IVAC) Tops Q3 EPS by 5c, Revenues Beat

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Go back to Intevac. (IVAC) Tops Q3 EPS by 5c, Revenues Beat

Intevac Announces Third Quarter 2019 Financial Results

October 28, 2019 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September 28, 2019.

In the third quarter, we continued to gain momentum as we drove our strategies for revenue growth and profitability, commented Wendell Blonigan, president and chief executive officer of Intevac. In Photonics, we booked a record order in July, which drove Photonics backlog to a new record of $76 million at quarter-end. We continue to see quarter-on-quarter revenue growth and increasing operating profitability for our Photonics business in 2019. In our Thin-film Equipment (TFE) growth... More