Intevac. (IVAC) Tops Q4 EPS by 2c, Revenues Beat
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Intevac Announces Fourth Quarter and Full Year 2020 Financial Results
February 3, 2021 4:05 PM ESTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the fiscal fourth quarter and year ended January 2, 2021.
Fiscal 2020 Highlights
- Record Photonics revenues of $45.7 million, up 30% year-over-year
- Record sales of system upgrades to our hard disk drive (HDD) customers
- Profitable results, with GAAP EPS of $0.04 and non-GAAP EPS of $0.05 for the year
- Significant cash flow generation, ending fiscal 2020 with $50.4 million in total cash, cash equivalents, restricted cash and investments, an increase of $7.5 million over year-end 2019
Given the... More
