Intevac. (IVAC) Misses Q4 EPS by 22c

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Go back to Intevac. (IVAC) Misses Q4 EPS by 22c

Intevac Announces Fourth Quarter and Full Year 2021 Financial Results

February 9, 2022 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 January 1, 2022.

Fiscal 2021 Highlights

Completion of the sale of our Photonics business, which closed in late December and is valued at up to $100 million, reflecting the up-front cash payment of $70 million and future earn-out payments of up to $30 million; Substantial balance sheet strength, with our total balance of cash and investments growing to $121 million at year-end, equivalent to $4.92 per share, with total stockholders equity of $134... More