Intevac Announces First Quarter 2021 Financial Results

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Go back to Intevac Announces First Quarter 2021 Financial Results

Intevac. (IVAC) Misses Q1 EPS by 1c

May 3, 2021 4:56 PM EDT

Intevac. (NASDAQ: IVAC) reported Q1 EPS of ($0.27), $0.01 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $16.24 million versus the consensus estimate of $16.5 million.

As expected, the first quarter of 2021 was challenging, as we experienced a pause in revenue momentum within both of our businesses, commented Wendell Blonigan, president and chief executive officer of Intevac. In Photonics, the pause was chiefly related to the completion of night vision camera deliveries for the funded R&D stage of the IVAS program, and in our Thin-film Equipment (TFE)... More