Intevac Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
Intevac, Inc. (IVAC)
Last intevac, inc. earnings: 4/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.intevac.com/events.cfm
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Source: Yahoo! Finance
reported financial results for the fiscal fourth quarter and year ended December 30, 2023. Q4 and Fiscal 2023 Highlights Successfully completed TRIO™ development program and achieved qualification of initial TRIO system before year-end 2023. Q4 sales of $12.9 million exceeded prior expectations due to the acceleration of heat-assisted magnetic recording (HAMR) technology upgrades for our hard disk drive (HDD) customers. Total revenues of $52.7 million for fiscal 2023 represented very strong growth of 47% year-over-year. Achieved all-time record sales of HDD upgrades – for both the fiscal third quarter and full year 2023 – in support of the HAMR technology transition currently underway on our industry-leading 200 Lean® flagship platform. Successfully re-negotiated order backlog for two capacity-adding 200 Lean systems during Q4, in favor of additional HAMR process module upgrades. Ended 2023 with $72.2 million in cash, restricted cash, and investments, which was slightly be
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News
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- Intevac Announces Earlier Release Date of Thursday, April 25th for First Quarter 2024 ResultsBusiness Wire
- Intevac (NASDAQ:IVAC) shareholders have endured a 49% loss from investing in the stock a year ago [Yahoo! Finance]Yahoo! Finance
- Intevac to Announce First Quarter 2024 Results on April 29th [Yahoo! Finance]Yahoo! Finance
IVAC
Earnings
- 11/1/23 - Beat
IVAC
Sec Filings
- 4/25/24 - Form 8-K
- 4/10/24 - Form ARS
- 4/10/24 - Form DEF
- IVAC's page on the SEC website