Amtech Systems, Inc. is a manufacturer of capital equipment, including thermal processing, silicon wafer handling automation and related consumables used in fabricating solar cells, light-emitting diode (LED) and semiconductor devices. The Company's segments include Solar, Semiconductor and Polishing. Its Solar segment supplies thermal processing systems, including diffusion, plasma-enhanced chemical vapor deposition (PECVD), atomic layer deposition (ALD), related automation, parts and services, to the solar/photovoltaic industry. Amtech's Semiconductor segment supplies thermal processing equipment, including solder reflow equipment and related controls for use by semiconductor manufacturers, and in electronics assembly for automotive and other industries. The Company's Polishing segment produces consumables and machinery for lapping and polishing of materials, such as sapphire substrates, optical components, silicon wafers, and various types of crystalline materials, ceramics and metal components.
Amtech Systems Office Locations
Amtech Systems Financials and Metrics
Amtech Systems Financials
| USD | |
|---|---|
Net income (Q2, 2018) | 9.3 m |
EBIT (Q2, 2018) | 7.8 m |
Market capitalization (22-Jun-2018) | 104 m |
Closing share price (22-Jun-2018) | 7 |
Cash (31-Mar-2018) | 50.5 m |
EV | 62.1 m |
| USD | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 |
|---|---|---|---|---|
Revenue | 56.5 m | 104.9 m | 120.3 m | |
Revenue growth, % | 86% | 15% | ||
Cost of goods sold | 44.9 m | 77.9 m | 86.2 m | 112.6 m |
Gross profit | 11.6 m | 27 m | 34.1 m |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of goods sold | 10.2 m | 9.8 m | 7.5 m | 9 m | 17.4 m | 29.9 m | 16.1 m | 16.5 m | 23.7 m | 20.7 m | 24.5 m | 32.3 m | 53.3 m | 74.3 m |
General and administrative expense | 4.1 m | 5.3 m | 4.1 m | 6.4 m | 8.1 m | 10.1 m | 7.6 m | 7.4 m | 8.7 m | 7 m | 8.3 m | 10.1 m | 10.6 m | 20.1 m |
R&D expense | 889 k | 2.2 m | 1.4 m | 1.8 m | ||||||||||
Operating expense total | 5 m | 7.4 m | 5.5 m | 8.2 m | 8.1 m | 10.1 m | 7.6 m | 7.4 m | 8.7 m | 7 m | 8.3 m | 10.1 m | 10.6 m | 20.1 m |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 30.3 m | 36.7 m | 31.6 m | 28.6 m | 32.6 m | 23.7 m | 22.6 m | 31.8 m | 28.3 m | 23.6 m | 38.9 m | 39.2 m | 52.7 m | 50.5 m |
Inventories | 16.7 m | 17.3 m | 18.3 m | 18.9 m | 33.1 m | 29.4 m | 21.5 m | 24.1 m | 28.4 m | 20.9 m | 20.8 m | 23.2 m | 22.8 m | 29 m |
Current Assets | 79.5 m | 75.5 m | 71.2 m | 67.6 m | 102.3 m | 90.4 m | 76.4 m | 85.1 m | 90.3 m | 81.8 m | 101.2 m | 114.4 m | 138.8 m | 136.2 m |
PP&E | 10.9 m | 10.5 m | 10.1 m | 10.3 m | 20.2 m | 20 m | 17.1 m | 16.9 m | 16 m | 15.3 m | 15 m | 15.1 m | 15.6 m | 16.1 m |
| USD | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (932 k) | (4.6 m) | (5.2 m) | (4.9 m) | (2.3 m) | (1.5 m) | (4.4 m) | (2 m) | (1.4 m) | (332 k) | (1.7 m) | 6.5 m | 9.3 m |
Depreciation and Amortization | 471 k | 916 k | |||||||||||
Inventories | 18.3 m | 18.9 m | 33.1 m | 29.4 m | 21.5 m | 24.1 m | 28.4 m | 20.9 m | 20.8 m | 7.6 m | 1.6 m | ||
Accounts Payable | 7 m | 8 m | 22.5 m | 19.9 m | 10.6 m | 15 m | 18.4 m | 15 m | 16.9 m | (1.3 m) | (3 m) |
| USD | Y, 2018 |
|---|---|
EV/EBIT | 7.9 x |
EV/CFO | -34.4 x |
Financial Leverage | 1.7 x |
Amtech Systems Operating Metrics
| FY, 2015 | FY, 2016 | |
|---|---|---|
Backlog | 23 m | $34 m |
Amtech Systems Revenue Breakdown
Amtech Systems revenue breakdown by business segment: 7.3% from Polishing, 42.1% from Semiconductor and 50.7% from Solar
