Intevac Expands Board Amid Revenue Growth and Strategic Moves

An update from Intevac ( (IVAC) ) is now available.

Intevac, Inc. has entered a strategic agreement with Palogic Value Management, expanding its board and appointing Ryan Vardeman as director, while ensuring Palogic’s support for board decisions. Intevac also reported a revenue increase driven by technology upgrades in HAMR media, totaling over $28.5 million for Q3 2024. Despite operating losses, positive cash flow and a strong cash reserve of $72 million position the company for future growth opportunities, making it an intriguing prospect for investors watching the tech-driven financial market.

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