Intevac, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 30, 2019 at 04:05 pm EST
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Intevac, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, total net Revenue was $31,576,000 against $24,769,000 a year ago. Total operating income was $1,932,000 against $150,000 a year ago. Net income was $9,983,000 against loss of $41,000 a year ago. Basic net income per share was $0.44.
For the year, total net Revenue was $95,114,000 against $112,847,000 a year ago. Total operating loss was $4,217,000 against income of $4,848,000 a year ago. Net income was $3,581,000 against $4,118,000 a year ago. Basic net income per share was $0.16 against $0.19 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. 
