Intevac, Inc. Reports Earnings Results for the Fourth Quarter Ended January 2, 2021
February 03, 2021 at 04:06 pm EST
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Intevac, Inc. announced earnings results for the fourth quarter ended January 2, 2021. For the fourth quarter, the company announced total revenue was USD 28.576 million. Operating income was USD 1.699 million. Net income was USD 1.113 million. Basic earnings per share from continuing operations was USD 0.05. For the full year, total revenue was USD 97.824 million. Operating income was USD 2.555 million. Net income was USD 1.056 million. Basic earnings per share from continuing operations was USD 0.04.
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. 
