AMTECH SYSTEMS INC ASYS
We provide equipment, consumables and services for semiconductor device packaging, wafer production and device fabrication. Our products are used to fabricate and package semiconductor devices, such as graphic processing units (GPU's) used in AI applications, silicon carbide (SiC) and silicon (Si) power devices and other optical, analog and digital devices. We sell these products to semiconductor device packaging, electronic assembly and device fabrication companies worldwide.
Our Thermal Processing Solutions includes conveyorized reflow equipment for advanced semiconductor packaging and electronic assembly, high temperature conveyorized furnaces for power semiconductor substrate and electronic components manufacturing, and diffusion furnaces for (SIC) and (Si) power device production.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $79.4M | $101.2M | $113.3M | $106.3M | $85.2M | $65.5M | $85.0M | $100.1M | $83.1M | $120.3M |
| Cost of revenue | $52.4M | $64.1M | $73.1M | $66.8M | $50.7M | $41.0M | $51.7M | $63.1M | $52.0M | $86.2M |
| Gross profit | $27.0M | $36.2M | $35.6M | $39.5M | $34.5M | $24.4M | $33.4M | $36.9M | $31.1M | $34.1M |
| R&D | — | — | — | $6.4M | $6.0M | $3.7M | $3.1M | $2.9M | $3.0M | $9.5M |
| SG&A | $29.0M | $33.8M | $42.0M | $28.3M | $24.7M | $21.4M | $24.3M | $25.7M | $24.7M | $34.0M |
| Operating income | -$28.5M | -$6.7M | -$15.0M | $17.3M | $3.7M | -$485.0K | $4.9M | $6.1M | $3.6M | -$7.9M |
| Interest expense | $26.0K | $557.0K | $520.0K | $164.0K | $239.0K | — | — | — | — | — |
| Pre-tax income | -$28.0M | -$7.5M | -$15.2M | $18.8M | $3.4M | -$3.1M | $5.8M | $9.9M | $3.6M | -$5.5M |
| Income tax | $2.3M | $975.0K | $2.6M | $1.4M | $1.9M | $791.0K | $2.6M | $3.3M | $1.4M | $3.1M |
| Net income | -$30.3M | -$8.5M | -$12.6M | $17.4M | $1.5M | -$15.7M | -$5.2M | $5.3M | $9.1M | -$7.0M |
| EPS, basic | -2.12 | -0.60 | -0.89 | 1.24 | 0.11 | -1.11 | -0.36 | 0.36 | 0.68 | -0.53 |
| EPS, diluted | -2.12 | -0.60 | -0.89 | 1.22 | 0.11 | -1.11 | -0.36 | 0.35 | 0.68 | -0.53 |
| Shares, diluted (wtd. avg.) | $14.3M | $14.2M | $14.1M | $14.2M | $14.3M | $14.2M | $14.3M | $15.1M | $13.5M | $13.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $17.9M | $11.1M | $13.1M | $46.9M | $32.8M | $45.1M | $59.1M | $62.5M | $75.8M | $28.5M |
| Receivables | $19.9M | $22.0M | $26.5M | $25.0M | $22.5M | $11.2M | $12.9M | $18.0M | $22.5M | $17.6M |
| Inventory | $18.7M | $26.9M | $34.8M | $25.5M | $22.1M | $17.3M | $17.5M | $17.8M | $30.2M | $23.2M |
| Total current assets | $60.2M | $64.7M | $81.2M | $102.9M | $80.9M | $76.6M | $108.3M | $130.2M | $157.1M | $82.9M |
| Property, plant and equipment | $10.2M | $11.6M | $9.7M | $6.6M | $14.1M | $12.0M | $10.2M | $10.5M | $15.8M | $16.0M |
| Goodwill | $908.0K | $21.3M | $27.6M | $11.2M | $11.2M | $6.6M | $6.6M | $6.6M | $11.4M | $11.1M |
| Other intangibles | $1.1M | $4.0M | $6.1M | $758.0K | $858.0K | $609.0K | $870.0K | $1.1M | $3.5M | $4.1M |
| Total assets | $92.9M | $119.3M | $137.0M | $133.5M | $116.9M | $102.1M | $126.5M | $149.4M | $191.6M | $118.4M |
| Accounts payable | $7.7M | $5.4M | $10.8M | $7.3M | $8.2M | $2.7M | $4.4M | $6.9M | $21.6M | $15.4M |
| Short-term debt | — | — | — | — | $396.0K | $380.0K | $371.0K | $350.0K | $361.0K | $1.1M |
| Total current liabilities | $20.5M | $20.2M | $29.7M | $22.6M | $15.1M | $7.5M | $30.6M | $47.6M | $86.0M | $38.1M |
| Long-term debt | $294.0K | $290.0K | $10.7M | $180.0K | $4.4M | $4.8M | $5.2M | $5.5M | $8.1M | $9.1M |
| Total liabilities | $39.5M | $37.0M | $48.7M | $35.2M | $31.3M | $20.6M | $39.0M | $56.3M | $101.1M | $53.1M |
| Retained earnings | -$75.9M | -$45.5M | -$37.0M | -$24.5M | -$40.9M | -$42.4M | -$26.6M | -$21.4M | -$26.7M | -$35.8M |
| Total equity | $53.4M | $82.4M | $88.4M | $98.4M | $85.6M | $81.5M | $87.5M | $93.1M | $90.5M | $65.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.9M | $9.8M | -$7.7M | $5.2M | -$6.0M | -$1.7M | $173.0K | -$13.8M | $34.1M | -$9.7M |
| Depreciation and amortisation | $2.7M | $3.0M | $5.0M | $1.7M | $1.4M | $1.3M | $1.7M | $1.9M | $2.5M | $3.0M |
| Stock-based compensation | $1.2M | $1.5M | $1.3M | $543.0K | $401.0K | $326.0K | $573.0K | $855.0K | $1.3M | $1.4M |
| Capital expenditure | $950.0K | $4.9M | $2.9M | $1.1M | $3.0M | $2.7M | $714.0K | $1.5M | $1.3M | $978.0K |
| Investing cash flow | -$912.0K | -$2.2M | -$37.8M | $18.8M | -$8.1M | -$12.6M | -$1.8M | $4.4M | -$1.2M | $11.2M |
| Financing cash flow | $270.0K | -$10.6M | $11.7M | -$8.3M | $1.2M | -$1.5M | -$157.0K | -$2.5M | $12.7M | $457.0K |
| Buybacks | — | — | — | $4.1M | — | $2.0M | — | $4.0M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-314147.
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