Buy Or Sell Opportunity • 23h
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 79% to US$22.82. The fair value is estimated to be US$18.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 243% in the next year. Buy Or Sell Opportunity • May 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 75% to US$22.68. The fair value is estimated to be US$18.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 243% in the next year. Reported Earnings • May 11
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: US$0.081 (up from US$2.23 loss in 2Q 2025). Revenue: US$20.5m (up 31% from 2Q 2025). Net income: US$1.17m (up US$33.0m from 2Q 2025). Profit margin: 5.7% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 60%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Announcement • Apr 23
Amtech Systems, Inc. to Report Q2, 2026 Results on May 07, 2026 Amtech Systems, Inc. announced that they will report Q2, 2026 results After-Market on May 07, 2026 Buy Or Sell Opportunity • Apr 10
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to US$14.75. The fair value is estimated to be US$11.71, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to US$14.09. The fair value is estimated to be US$11.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 06
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$0.008 (down from US$0.022 in 1Q 2025). Revenue: US$19.0m (down 22% from 1Q 2025). Net income: US$108.0k (down 65% from 1Q 2025). Profit margin: 0.6% (down from 1.3% in 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Amtech Systems, Inc. Provides Earnings Guidance for the Second Quarter Ending March 31, 2026 Amtech Systems, Inc. provided earnings guidance for the second quarter ending March 31, 2026. For the second fiscal quarter ending March 31, 2026, the Company expects revenues in the range of $19.0 million to $21.0 million. Announcement • Jan 26
Amtech Systems, Inc., Annual General Meeting, Mar 04, 2026 Amtech Systems, Inc., Annual General Meeting, Mar 04, 2026. Location: amtech systems, inc., 58 south river drive, 3rd floor meeting room, tempe, arizona, United States Announcement • Jan 22
Amtech Systems, Inc. to Report Q1, 2026 Results on Feb 05, 2026 Amtech Systems, Inc. announced that they will report Q1, 2026 results After-Market on Feb 05, 2026 Price Target Changed • Dec 12
Price target increased by 100% to US$12.00 Up from US$6.00, the current price target is provided by 1 analyst. New target price is 9.3% above last closing price of US$10.98. Stock is up 94% over the past year. The company is forecast to post earnings per share of US$0.29 next year compared to a net loss per share of US$2.12 last year. Reported Earnings • Dec 11
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: US$2.12 loss per share (further deteriorated from US$0.60 loss in FY 2024). Revenue: US$79.4m (down 22% from FY 2024). Net loss: US$30.3m (loss widened 257% from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. New Risk • Dec 11
New major risk - Revenue and earnings growth Earnings have declined by 51% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Sep 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$6.5m net loss next year). Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$91.9m market cap). Recent Insider Transactions Derivative • Sep 04
Independent Director exercised options to buy US$154k worth of stock. On the 2nd of September, Robert Averick exercised options to buy 24k shares at a strike price of around US$5.21, costing a total of US$125k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2024, Robert's direct individual holding has increased from 517.50k shares to 2.94m. Company insiders have collectively bought US$1.0m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$6.9m net loss next year). Market cap is less than US$100m (US$64.1m market cap). Announcement • Aug 07
Amtech Systems, Inc. Provides Earnings Guidance for the Fourth Quarter Ending September 30, 2025 Amtech Systems, Inc. provided earnings guidance for the fourth quarter ending September 30, 2025. For the quarter company expects revenues in the range of $17 to $19 million. Growth in AI related equipment sales in Thermal Processing Solutions segment is anticipated to partially offset continued softness in mature node semiconductor product lines. Announcement • Aug 04
Amtech Systems, Inc. to Report Q3, 2025 Results on Aug 06, 2025 Amtech Systems, Inc. announced that they will report Q3, 2025 results After-Market on Aug 06, 2025 Recent Insider Transactions • May 18
Independent Director recently bought US$236k worth of stock On the 16th of May, Robert Averick bought around 68k shares on-market at roughly US$3.49 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months. New Risk • May 14
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$32m Forecast net loss in 1 year: US$16m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$16m net loss next year). Market cap is less than US$100m (US$50.0m market cap). Reported Earnings • May 14
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$2.23 loss per share (down from US$0.068 profit in 2Q 2024). Revenue: US$15.6m (down 39% from 2Q 2024). Net loss: US$31.8m (down US$32.8m from profit in 2Q 2024). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • May 09
Amtech Systems, Inc. to Report Q2, 2025 Results on May 12, 2025 Amtech Systems, Inc. announced that they will report Q2, 2025 results After-Market on May 12, 2025 Announcement • Apr 10
Amtech Systems, Inc. Revises Earnings Guidance for the Second Quarter of Fiscal Year 2025 Amtech Systems, Inc. revised earnings guidance for the second quarter of fiscal year 2025. For the quarter company expects revenues in the range of $15 million to $16 million compared to the original second quarter guidance of $21 million to $23 million revenue. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$3.65, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Semiconductor industry in the US. Total loss to shareholders of 61% over the past three years. Recent Insider Transactions • Feb 19
Independent Director recently bought US$107k worth of stock On the 13th of February, Robert Averick bought around 22k shares on-market at roughly US$4.85 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth US$275k. Insiders have collectively bought US$867k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$5.84, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Semiconductor industry in the US. Total loss to shareholders of 41% over the past three years. Recent Insider Transactions • Feb 12
Independent Director recently bought US$275k worth of stock On the 7th of February, Robert Averick bought around 55k shares on-market at roughly US$5.02 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$862k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 06
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.022 (up from US$0.66 loss in 1Q 2024). Revenue: US$24.4m (down 2.1% from 1Q 2024). Net income: US$312.0k (up US$9.67m from 1Q 2024). Profit margin: 1.3% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Feb 06
Amtech Systems, Inc. Provides Earnings Guidance for the Second Quarter Ending March 31, 2025 Amtech Systems, Inc. provided earnings guidance for the second quarter ending March 31, 2025. For the second quarter ending March 31, 2025, the company is expected revenues in the range of $21 - 23 million with adjusted EBITDA nominally positive. Although the near-term outlook for revenue and earnings remains challenging, the company remains confident that long-term future prospects are strong for both consumables and equipment serving advanced mobility and advanced packaging applications. Announcement • Jan 27
Amtech Systems, Inc., Annual General Meeting, Mar 05, 2025 Amtech Systems, Inc., Annual General Meeting, Mar 05, 2025. Location: 58 s. river drive, 3rd floor meeting room, tempe, arizona, United States Recent Insider Transactions • Dec 16
Independent Director recently bought US$182k worth of stock On the 13th of December, Robert Averick bought around 32k shares on-market at roughly US$5.68 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$901k more in shares than they have sold in the last 12 months. Reported Earnings • Dec 10
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: US$0.60 loss per share (improved from US$0.90 loss in FY 2023). Revenue: US$101.2m (down 11% from FY 2023). Net loss: US$8.49m (loss narrowed 33% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Announcement • Dec 03
Amtech Systems, Inc. to Report Q4, 2024 Results on Dec 09, 2024 Amtech Systems, Inc. announced that they will report Q4, 2024 results After-Market on Dec 09, 2024 Recent Insider Transactions Derivative • Aug 19
President exercised options and sold US$98k worth of stock On the 14th of August, Robert Daigle exercised options to acquire 15k shares at no cost and sold these for an average price of US$6.36 per share. This trade did not impact their existing holding. For the year to September 2021, Robert's total compensation was 3% salary and 97% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2023, Robert's direct individual holding has increased from 34.20k shares to 105.45k. Company insiders have collectively bought US$714k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$149k net loss next year). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$90.4m market cap). Major Estimate Revision • Aug 14
Consensus EPS estimates upgraded to US$0.57 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$103.1m to US$100.9m. 2024 losses expected to reduce from -US$0.66 to -US$0.57 per share. Semiconductor industry in the US expected to see average net income growth of 17% next year. Consensus price target of US$6.00 unchanged from last update. Share price rose 21% to US$6.36 over the past week. Reported Earnings • Aug 09
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.031 (up from US$0.073 loss in 3Q 2023). Revenue: US$26.7m (down 13% from 3Q 2023). Net income: US$438.0k (up US$1.47m from 3Q 2023). Profit margin: 1.6% (up from net loss in 3Q 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Jul 24
Amtech Systems, Inc. to Report Q3, 2024 Results on Aug 07, 2024 Amtech Systems, Inc. announced that they will report Q3, 2024 results After-Market on Aug 07, 2024 Recent Insider Transactions • May 16
Independent Director recently bought US$83k worth of stock On the 14th of May, Robert Averick bought around 16k shares on-market at roughly US$5.24 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.1m more in shares than they have sold in the last 12 months. Major Estimate Revision • May 15
Consensus EPS estimates upgraded to US$0.66 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$0.83 to -US$0.66 per share. Revenue forecast steady at US$103.1m. Semiconductor industry in the US expected to see average net income growth of 6.5% next year. Consensus price target of US$6.00 unchanged from last update. Share price rose 12% to US$5.34 over the past week. Announcement • May 10
Amtech Systems, Inc. Provides Earnings Guidance for the Third Fiscal Quarter Ending June 30, 2024 Amtech Systems, Inc. provided earnings guidance for the third fiscal quarter ending June 30, 2024. For the quarter, the company expects revenues in the range of $22 million to $25 million. Reported Earnings • May 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$0.068 (down from US$0.23 in 2Q 2023). Revenue: US$25.4m (down 24% from 2Q 2023). Net income: US$970.0k (down 70% from 2Q 2023). Profit margin: 3.8% (down from 9.6% in 2Q 2023). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Amtech Systems, Inc. to Report Q2, 2024 Results on May 08, 2024 Amtech Systems, Inc. announced that they will report Q2, 2024 results After-Market on May 08, 2024 Recent Insider Transactions • Feb 16
Independent Director recently bought US$86k worth of stock On the 13th of February, Robert Averick bought around 21k shares on-market at roughly US$4.21 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$260k. Insiders have collectively bought US$1.0m more in shares than they have sold in the last 12 months. Announcement • Feb 11
Amtech Systems, Inc. Reports Impairment Charges for the First Quarter Ended December 31, 2023 Amtech Systems, Inc. reported impairment charges for the first quarter ended December 31, 2023. For the quarter, the company reported goodwill impairment of $6,370,000 and intangible asset impairment of $1,279,000. New Risk • Feb 11
New major risk - Revenue and earnings growth Earnings have declined by 4.2% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (US$48.8m market cap). Reported Earnings • Feb 11
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.66 loss per share (further deteriorated from US$0.20 loss in 1Q 2023). Revenue: US$24.9m (up 16% from 1Q 2023). Net loss: US$9.36m (loss widened 241% from 1Q 2023). Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 65%. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Feb 10
Amtech Systems, Inc. Provides Earnings Guidance for the Second Fiscal Quarter Ending March 31, 2024 Amtech Systems, Inc. provided earnings guidance for the second fiscal quarter ending March 31, 2024. For the quarter, the company expects revenues in the range of $22 million - $25 million with EBITDA nominally negative to neutral. Although the near-term outlook for revenue and earnings remains challenging, the company remains confident that the future prospects are strong for both consumables and equipment serving advanced mobility and advanced packaging applications. Announcement • Feb 09
Amtech Systems, Inc. to Report Q1, 2024 Results on Feb 09, 2024 Amtech Systems, Inc. announced that they will report Q1, 2024 results After-Market on Feb 09, 2024 Announcement • Jan 20
Amtech Systems, Inc., Annual General Meeting, Mar 06, 2024 Amtech Systems, Inc., Annual General Meeting, Mar 06, 2024, at 09:00 US Mountain Standard Time. Location: Homewood Suites 66 S. Rockford Drive Arizona United States Agenda: To approve and elect five directors to serve until the 2025 Annual Meeting of Shareholders and until their successors are duly elected and qualified; to approve and ratify the appointment of Grant Thornton LLP as independent registered public accountants for the fiscal year ending September 30, 2024; to approve the advisory resolution relating to the named executive officer compensation as disclosed in the accompanying proxy statement; to approve on an advisory basis, the frequency of the future advisory votes on the compensation of the Company's named executive officers; and to transact such other business as may properly come before the meeting. Recent Insider Transactions • Dec 20
President recently bought US$260k worth of stock On the 19th of December, Robert Daigle bought around 66k shares on-market at roughly US$3.94 per share. This transaction increased Robert's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of US$561k worth in shares. New Risk • Dec 17
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$13m Forecast net loss in 1 year: US$8.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable next year (US$8.0m net loss next year). Market cap is less than US$100m (US$55.8m market cap). Reported Earnings • Dec 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: US$0.90 loss per share (down from US$1.24 profit in FY 2022). Revenue: US$113.3m (up 6.6% from FY 2022). Net loss: US$12.6m (down 172% from profit in FY 2022). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates significantly. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Dec 15
Amtech Systems, Inc. Provides Earnings Guidance for the First Fiscal Quarter Ending December 31, 2023 Amtech Systems, Inc. provided earnings guidance for the first fiscal quarter ending December 31, 2023. For the first fiscal quarter ending December 31, 2023, The company expects revenues in the range of $21 million to $24 million. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$6.55, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Semiconductor industry in the US. Total returns to shareholders of 4.8% over the past three years. Announcement • Nov 21
Amtech Systems, Inc. to Report Q4, 2023 Results on Dec 06, 2023 Amtech Systems, Inc. announced that they will report Q4, 2023 results After-Market on Dec 06, 2023 New Risk • Oct 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.9m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.1% net profit margin). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (US$99.9m market cap). Announcement • Aug 18
Michael Whang Notifies Amtech Systems, Inc. of His Decision to Resign as A Member of the Board On August 16, 2023, Michael Whang notified Amtech Systems, Inc. of his decision to resign as a member of the Board, effective immediately. Mr. Whang’s resignation is not the result of any disagreement with the Company or the Board on any matter relating to the operations, policies or practices of the Company. Recent Insider Transactions • Aug 17
President recently bought US$146k worth of stock On the 14th of August, Robert Daigle bought around 16k shares on-market at roughly US$8.94 per share. This transaction increased Robert's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Robert has been a buyer over the last 12 months, purchasing a net total of US$173k worth in shares. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$8.75, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 25x in the Semiconductor industry in the US. Total returns to shareholders of 73% over the past three years. Announcement • Aug 11
Amtech Systems, Inc. Announces Executive Changes On August 8, 2023, the Board of Directors of Amtech Systems, Inc. approved the appointment of Robert C. Daigle to succeed Michael Whang as Chief Executive Officer of the Company effective August 8, 2023. Mr. Daigle, age 59, was originally appointed to the Company’s board of directors (the “Board”) on August 12, 2021, and has served as the Company’s Chairman of the Board since May 11, 2022. From March 2013 to March 2023, Mr. Daigle served as the Chief Technology Officer of Rogers Corporation (“Rogers”), a publicly traded global leader in engineered materials, including advanced electronic and elastomeric materials that are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, and industrial equipment. Mr. Daigle previously served in a number of other senior executive roles during his 30-year tenure at Rogers. Mr. Daigle holds a B.S in Chemical Engineering and Materials Engineering from the University Connecticut and an M.B.A. from Rensselaer Polytechnic Institute. During his tenure at Rogers, Mr. Daigle built and led two major divisions of Rogers, including its global Power Electronic Solutions business with annual revenue in excess of $150 million and over 700 employees on three continents, and its global circuit materials business with annual revenue in excess of $100 million and 450 employees worldwide. The terms of Mr. Daigle’s employment will be set forth in an employment agreement mutually acceptable to the Company and Mr. Daigle. The material terms of this employment agreement will be set forth in an amendment to this Form 8-K and will be filed as an exhibit to the Company’s Form 10-K for the fiscal year ending September 30, 2023. During his employment with the Company, Mr. Daigle will no longer be compensated for his service as the Company’s Chairman of the Board; provided, however, that any unvested equity awards previously issued to Mr. Daigle during his service as a Board member shall continue to vest based on Mr. Daigle’s continued service as an employee or a member of the Board. In connection with Mr. Daigle’s appointment, Mr. Whang has informed the Company of his decision to step down as the Company’ Chief Executive Officer to pursue other opportunities effective August 8, 2023. Following the effective date of Mr. Whang’s resignation, Mr. Whang has agreed to remain with the Company as a consultant for a period of six (6) month, to assist Mr. Daigle with transition matters. Mr. Whang’s decision to resign did not result from any disagreement with the Company, its management or the Board on any matter, whether related to the Company’s operations, policies, practices or otherwise. 