Amtech Systems sees Q1 revenue $21M-$24M vs. $21.6M in 1Q22

The company stated, “Although the near-term outlook for revenue and earnings is challenging, we remain confident that the long-term outlook is strong for both our consumables and equipment serving advanced mobility and advanced packaging applications. We took actions during the first quarter of fiscal 2024, which will reduce Amtech’s structural costs by approximately $4M annually and better align product pricing with value. These steps will significantly improve results and enhance profitability through market cycles.”