Amtech Systems reports Q2 EPS (16c) vs (1c) last year

Reports Q2 revenue $15.6M vs $25.4M last year. “Results for the second quarter fell short of expectations, with revenue and adjusted EBITDA coming in below guidance due to the delayed shipment of a horizontal diffusion furnace. In addition, the prolonged downturn for capital equipment serving our mature node semiconductor customers resulted in non-cash asset impairments and inventory write-downs. These were non-cash items, and we ended the quarter with a slightly higher cash balance. “