Intevac. (IVAC) Misses Q4 EPS by 12c, Revenues Miss

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Go back to Intevac. (IVAC) Misses Q4 EPS by 12c, Revenues Miss

Intevac Announces Fourth Quarter and Full Year 2019 Financial Results

January 29, 2020 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 28, 2019.

Fiscal 2019 Highlights

Photonics Business Revenues grew 37% year-over-year Record $40M order received in support of digital night vision programs for U.S. Government Strong ramp of development revenues for IVAS program, the first all-digital solution for the ground soldier Record year-end backlog of $71M, up 62% over year-end 2018 Thin-film Equipment Business Revenues grew 6% year-over-year Successful... More