Intevac. (IVAC) Tops Q1 EPS by 2c

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Go back to Intevac. (IVAC) Tops Q1 EPS by 2c

Intevac Announces First Quarter 2023 Financial Results

May 3, 2023 4:05 PM EDT

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the first quarter ended April 1, 2023.

Q1 Highlights:

Revenue of $11.5 million was at the upper end of expectations, a 3% increase from the previous quarter and up 160% from Q1 of 2022; With gross margin of 41% and operating expenses of $9.2 million, the net loss from continuing operations was $0.16 per share, favorable to expectations; and Continued progress, in partnership with our joint development partner, developing the TRIO platform for the coating of... More