Dec 13, 2013 - US solar and semiconductor manufacturing equipment maker Amtech Systems Inc (NASDAQ:ASYS) said Thursday its net loss had shrank to USD 1.7 million (EUR 1.2m) in its fourth fiscal quarter to end-September from USD 14.1 million a year back.
Loss per share improved to USD 0.18 from USD 1.49. The company's CEO Fokko Pentinga said that the firm had witnessed soft demand on the market, while activity grew. He expressed his optimism that the second half of 2014 would reflect a renewed demand for Amtech's products.
Operating loss narrowed to USD 1.5 million from USD 19.9 million.
Amtech’s sales in July-September fell to USD 6.9 million from USD 10.9 million a year before, due to lower shipments, which were in turn the result of tough market environment in the solar and semiconductor segments. The firm booked USD 8.4 million in orders of which USD 100,000 were solar.
Order backlog at the end of September stood at USD 26.8 million, including USD 17.1 million in solar orders and deferred revenue.
For the fiscal year through September, Amtech posted a net loss of USD 21.7 million, narrowing from USD 27.6 million a year before. Revenues plunged to USD 34.8 million from USD 81.5 million.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.