Amtech Systems (ASYS) Stock

Amtech Systems, Inc. (NASDAQ:ASYS ) Q4 2024 Results Conference Call December 9, 2024 5:00 PM ET Company Participants Erica Mannion - Sapphire Investor Relations Bob Daigle - Chairman & Chief Executive Officer Wade Jenke - Chief Financial Officer Conference Call Participants Mark Miller - The Benchmark Company Craig Irwin - ROTH Capital Partners Operator Good day, and welcome to the Amtech Systems Fiscal Fourth Year and Full Year 2024 Earnings Conference Call. Please note that this event is being recorded.

Amtech Systems (ASYS) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.18 per share a year ago.

TEMPE, Ariz.--(BUSINESS WIRE)--Amtech Systems, Inc. ("Amtech") (NASDAQ: ASYS), a manufacturer of equipment and consumables for semiconductor fabrication and packaging, today reported results for its fourth quarter and fiscal year ended September 30, 2024. Fourth Quarter Fiscal 2024 Financial and Operational Results: Net revenue of $24.1 million GAAP net loss of $0.5 million Non-GAAP net loss of $7.0 thousand (1) Adjusted EBITDA $0.8 million (1) Customer orders of $17.6 million Fiscal 2024 Finan.

ASYS faces a mixed demand for its products while suffering from the challenges of its cyclical business and macroeconomic uncertainties.

Amtech Systems (ASYS) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This compares to earnings of $0.02 per share a year ago.

MONDY, MWA, SRPT, ASYS and CLCO have been added to the Zacks Rank #1 (Strong Buy) List on July 3, 2024.

Amtech (ASYS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Here is how Amtech Systems (ASYS) and Impinj (PI) have performed compared to their sector so far this year.

ASYS, FUTU and ING made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 21, 2024.