Revenue Exceeds Expectations
Amtech reported fourth-quarter revenue of $19.8 million, surpassing the guidance range of $17 million to $19 million.
Strong AI Equipment Demand
Demand for AI infrastructure equipment was a primary growth driver, with AI infrastructure accounting for over 30% of Thermal Processing Solutions revenue, compared to 25% in the prior quarter.
Cash Position and Debt Elimination
The company ended the quarter with $18 million in cash and no debt, having eliminated over $10 million in debt over the past two fiscal years.
Cost Reduction and Operational Efficiency
Amtech achieved $13 million in annualized savings by optimizing its operating model, reducing its manufacturing footprint from 7 sites to 4.
Share Repurchase Program
Amtech’s Board authorized a $5 million share repurchase program for a 1-year period.
Improved Gross Margin
Gross margin increased to 44.4% from 40.7% in the same prior-year period due to cost-saving initiatives and product mix.