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Amtech Systems reports Q4 EPS 30c, two estimates 11c
The Fly

Amtech Systems reports Q4 EPS 30c, two estimates 11c

Reports Q4 revenue $32.3M, two estimates $30.0M. "Fiscal 2022 was yet another strong year for Amtech, with over $106 million in revenue, representing a year-over-year growth rate of 25%. While near-term expectations are tempered by both easing demand and supply chain limitations, in the mid-term we are well positioned with increasing alignment to high growth, megatrend end markets such as electric vehicles. Approximately half of our current backlog is related to EV capacity expansion," commented Mr. Michael Whang, Chief Executive Officer of Amtech. "We are securing production-scale projects across multiple Amtech product lines and divisions in diverse applications including Silicon Carbide wafer polishing and thermal processing for EV sensors, power module substrates, and battery cooling assemblies, among others," added Whang.

Published first on TheFly

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