Intevac (NASDAQ:IVAC) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$28.5m (up 59% from 3Q 2023).
- Net loss: US$2.17m (loss widened by 34% from 3Q 2023).
- US$0.081 loss per share (further deteriorated from US$0.062 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Intevac Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 148%. Earnings per share (EPS) also surpassed analyst estimates by 47%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's shares are down 22% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Intevac that you should be aware of.
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About NasdaqGS:IVAC
Intevac
Engages in the designing, developing, and manufacturing thin-film processing systems in the United States, Europe, and Asia.
Flawless balance sheet low.
