ACM Research, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 28, 2024 at 07:55 am EST
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ACM Research, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 170.32 million compared to USD 108.54 million a year ago. Net income was USD 17.7 million compared to USD 11.81 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.18 a year ago.
For the full year, sales was USD 557.72 million compared to USD 388.83 million a year ago. Net income was USD 77.35 million compared to USD 39.26 million a year ago. Basic earnings per share from continuing operations was USD 1.29 compared to USD 0.66 a year ago. Diluted earnings per share from continuing operations was USD 1.16 compared to USD 0.59 a year ago.
ACM Research, Inc. develops, manufactures and sells semiconductor process equipment for single-wafer or batch wet cleaning, electroplating, polishing and thermal processes that are critical to advanced semiconductor device manufacturing, as well as wafer-level packaging. The Company offers two principal models of wet wafer cleaning equipment based on its Space Alternated Phase Shift (SAPS) technology, Ultra C SAPS II and Ultra C SAPS V. It has also developed Timely Energized Bubble Oscillation (TEBO) technology for application in wet wafer cleaning during the fabrication of 2D and 3D wafers with fine feature sizes. It has designed these tools for use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM), 3D NAND-flash memory chips, and compound semiconductor chips. The Company also develops, manufactures and sells a range of advanced packaging tools to wafer assembly and packaging customers.
ACM RESEARCH, INC. 
