Amtech Systems, Inc. reported its financial results for the first fiscal quarter ended December 31, 2024, exceeding the high end of its guidance. The company posted net revenues of $24.4 million, a 1% sequential increase from the previous quarter.
Amtech achieved a GAAP net income of $0.3 million, or $0.02 per diluted share, a significant improvement from a GAAP net loss in the preceding quarter and the prior year period. Non-GAAP net income for the quarter was $0.8 million, or $0.06 per diluted share, with adjusted EBITDA reaching $1.9 million.
The company's cash and cash equivalents increased to $13.2 million at December 31, 2024, driven by strong accounts receivable collection and inventory management. For the second fiscal quarter ending March 31, 2025, Amtech expects revenues in the range of $21 million to $23 million, with adjusted EBITDA projected to be nominally positive.
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