Intevac provides manufacturing equipment and solutions to the hard disk drive industry and offers solutions to the photovoltaic (PV) and semiconductor industries. It designs and manufactures innovative, high productivity, thin film processing systems. The Company's production-proven platforms are designed for high volume manufacturing of substrates with precise thin film properties. Intevac also develops and manufactures compact, cost-effective, high-sensitivity digital-optical sensors, cameras and systems for the defense industry, based on proprietary Electron Bombarded Active Pixel Sensor (EBAPS) with its advanced thin film technology.

Employee Rating

2.3More
TypePublic
HQSanta Clara, US
Founded1991
Size (employees)281 (est)-5%
Websiteintevac.com
Intevac was founded in 1991 and is headquartered in Santa Clara, US
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Key People/Management at Intevac

Wendell T. Blonigan

Wendell T. Blonigan

President and Chief Executive Officer
James Moniz

James Moniz

Executive Vice President, Chief Financial Officer and Treasurer
Michael Russak

Michael Russak

Executive Advisor
Kimberly Burk

Kimberly Burk

Sr. Vice President of Human Resources
Terry Bluck

Terry Bluck

Vice President, Chief Technology Officer, Thin-Film Equipment
Timothy Justyn

Timothy Justyn

Executive Vice President and General Manager, Intevac Photonics
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Intevac Office Locations

Intevac has offices in Kulim, Singapore, Shanghai, Santa Clara and in 2 other locations
Santa Clara, US (HQ)
3560 Bassett St
Carlsbad, US
5909 Sea Lion Pl
Shanghai, CN
333 Huai Hai Zhong Road
Shenzhen, CN
Suite 8A, 210 East Building, Terra 4th Road, Tairan Industrial Trade Park, Futian District
Kulim, MY
Suite 10 & 11, First Floor Techno Centre, Kulim Hi-Tech Park
Singapore, SG
6 Marsiling Ln
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Intevac Financials and Metrics

Intevac Revenue

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Intevac's revenue was reported to be $112.85 m in FY, 2017 which is a 40.8% increase from the previous period.
USD

Revenue (Q3, 2018)

19.5m

Net income (Q3, 2018)

(1.1m)

EBIT (Q3, 2018)

(1.1m)

Market capitalization (14-Nov-2018)

107.9m

Closing stock price (14-Nov-2018)

4.7

Cash (29-Sep-2018)

21.8m
Intevac's current market capitalization is $107.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

69.6m65.6m75.2m80.1m112.8m

Revenue growth, %

(6%)15%7%41%

Cost of goods sold

47.7m48.1m48.8m49.7m67.2m

Gross profit

22.0m17.4m26.3m30.4m45.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

19.1m17.0m14.7m14.8m18.4m19.9m20.5m22.6m13.7m14.9m30.4m31.0m26.7m18.0m44.1m19.5m

General and administrative expense

5.6m5.3m5.9m4.9m4.7m5.3m4.6m4.8m5.0m5.0m6.3m5.7m5.5m5.8m10.5m4.8m

R&D expense

4.3m4.3m4.6m4.0m4.0m4.6m2.9m4.1m5.2m5.0m4.7m4.4m4.5m4.2m9.2m3.7m

Operating expense total

9.9m9.5m10.5m8.9m8.7m9.9m7.5m8.8m10.2m9.9m11.0m10.1m10.0m10.0m19.7m8.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.1m21.5m13.7m27.0m19.9m

Accounts Receivable

15.0m12.1m12.3m204.3m20.5m

Prepaid Expenses

2.5m

Inventories

22.8m19.2m18.8m24.9m33.8m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

16.6m27.3m25.1m21.7m18.0m17.1m16.2m20.8m21.8m18.7m25.6m19.6m19.2m16.3m13.7m21.8m

Inventories

25.8m20.7m22.6m23.1m15.7m19.0m18.5m26.9m20.4m22.5m24.1m26.8m32.6m35.6m33.0m34.7m

Current Assets

108.7m104.8m91.6m88.8m78.0m82.7m79.4m84.5m63.7m76.3m88.6m89.4m95.0m91.8m94.0m95.1m

PP&E

13.1m13.4m13.3m12.4m11.9m12.8m12.4m11.3m12.2m11.7m11.9m12.2m12.5m12.2m11.1m11.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(15.7m)(27.4m)(9.2m)(7.4m)4.1m

Inventories

1.6m3.6m452.0k(6.1m)(8.9m)

Accounts Payable

(439.0k)629.0k1.3m(627.0k)(1.4m)

Cash From Operating Activities

(9.0m)(2.7m)635.0k3.8m(2.4m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q1, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(2.7m)(4.5m)(5.0m)(3.6m)(3.8m)(2.9m)12.0k(481.0k)(6.3m)(3.5m)1.8m(5.1m)(5.3m)(6.4m)

Depreciation and Amortization

1.0m2.6m3.6m

Inventories

22.6m23.1m15.7m19.0m18.5m26.9m20.4m22.5m24.1m

Accounts Payable

4.3m4.6m4.2m4.8m4.2m5.8m4.5m4.0m6.8m
USDY, 2018

Financial Leverage

1.4 x
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Intevac Operating Metrics

Intevac's Backlog was reported to be $73m in Q1, 2017.
Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Mar, 2017Q1, 2017

Apache Cameras Fielded

875

Backlog

$51.85 m$46.39 m$43.94 m$48.40 m$39.17 m$43.51 m$52.76 m$51.20 m$44.72 m$75.29 m$72.94 m$68.50 m$72.96 m

LIVAR Cameras Fielded

1.10 k
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Intevac Revenue Breakdown

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Intevac revenue breakdown by business segment: 30.0% from Photonics and 70.0% from Thin-film Equipment

Intevac revenue breakdown by geographic segment: 65.2% from Asia, 33.1% from United States and 1.8% from Other

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Intevac Online and Social Media Presence

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Intevac Blogs

Intevac Announces Second Quarter 2018 Financial Results

SANTA CLARA, Calif. --(BUSINESS WIRE)--Jul. 30, 2018-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended June 30, 2018. “Our second-quarter results were stronger than forecast, with higher upgrade revenues in HDD equipment, favorable gross margin

Intevac Company Life and Culture

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Intevac Frequently Asked Questions

  • When was Intevac founded?

    Intevac was founded in 1991.

  • Who are Intevac key executives?

    Intevac's key executives are Wendell T. Blonigan, James Moniz and Michael Russak.

  • How many employees does Intevac have?

    Intevac has 281 employees.

  • What is Intevac revenue?

    Latest Intevac annual revenue is $112.8 m.

  • What is Intevac revenue per employee?

    Latest Intevac revenue per employee is $401.6 k.

  • Who are Intevac competitors?

    Competitors of Intevac include Wayside Technology Group, Quantum and Seagate.

  • Where is Intevac headquarters?

    Intevac headquarters is located at 3560 Bassett St, Santa Clara.

  • Where are Intevac offices?

    Intevac has offices in Kulim, Singapore, Shanghai, Santa Clara and in 2 other locations.

  • How many offices does Intevac have?

    Intevac has 6 offices.