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Stockreport

Intevac Announces Preliminary Fourth Quarter 2017 Financial Results and Timing of Q4 Conference Call

INTEVAC (IVAC)  More Company Research Source: Business Wire
Last intevac earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.intevac.com/events.cfm
PDF SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC), today announced preliminary financial results for the fourth quarter and full year 2017. Revenues for the fourth quarter were $24.8 million, in line with prior guidance, and included $6.9 million in Photonics revenues, two 200 Lean systems in Thin-film Equipment revenues, and service and upgrade sales to hard drive customers. Profitability exceeded guidance and is expected to be at breakeven, plus or minus $0.01 per share, subject to any final tax adjustments. For the full year, total revenues were $112.8 million, with net earnings in the range of $0.17 to $0.18 per diluted share. “As expected, 2017 was a strong growth year for Intevac’s Thin-film Equipment business, and total revenues were up 41% year-over-year,” commented Wendell Blonigan, president and chief executive officer of Intevac. “We continue to work towards booking new follow-on [Read more]

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