Amtech Systems, Inc. (ASYS) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Amtech Systems, Inc. faces a substantial financial risk following a decline in its share price from $7.62 at the end of its fiscal year on September 30, 2023, to $4.08 as of January 31, 2024. This decrease has already prompted an impairment of intangible assets and goodwill, recognized in the first quarter of fiscal year 2024. Given the accounting standards of ASC 350-20, any sustained reduction in share price constitutes a triggering event, necessitating interim impairment testing outside the annual schedule. If Amtech’s share price does not recover, the company may have to recognize additional impairment-related expenses, further impacting its financial position.
Overall, Wall Street has a Hold consensus rating on ASYS stock based on 1 Hold.
To learn more about Amtech Systems, Inc.’s risk factors, click here.
