Intevac, Inc. Reports Earnings Results for the First Quarter Ended April 02, 2022
May 09, 2022 at 04:05 pm EDT
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Intevac, Inc. reported earnings results for the first quarter ended April 02, 2022. For the first quarter, the company reported sales was USD 4.45 million compared to USD 9.24 million a year ago. Net loss was USD 7.86 million compared to USD 6.5 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.23 a year ago. Diluted loss per share from continuing operations was USD 0.31 compared to USD 0.23 a year ago. Basic loss per share was USD 0.32 compared to USD 0.27 a year ago. Diluted loss per share was USD 0.32 compared to USD 0.27 a year ago.
Intevac, Inc. is a provider of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. The Company operates through a single segment, which is Thin Film Equipment (TFE). The TFE segment designs, develops and markets vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard disk drive (HDD) and advanced coatings (ADVC) markets, as well as other adjacent thin-film markets. In HDD Equipment Market, it designs, manufactures, markets and services complex capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks. In ADVC Market, the Company develops equipment to deposit optically transparent thin films onto display cover panels typically found on consumer and automotive electronics products. Its products include 200 Lean Disk Sputtering System, TRIO, and upgrades, spares, consumables and services (non-systems business).
INTEVAC, INC. 
