Intevac, Inc. Reports Earnings Results for the Fourth Quarter Ended December 28, 2019
January 29, 2020 at 04:20 pm EST
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Intevac, Inc. announced earnings results for the fourth quarter ended December 28, 2019. For the fourth quarter, the company announced total revenue was USD 35.444 million compared to USD 31.576 million a year ago. Operating income was USD 7.284 million compared to USD 1.932 million a year ago. Net income was USD 5.202 million compared to USD 9.983 million a year ago. Basic earnings per share was USD 0.22 compared to USD 0.44 a year ago.
For the full year, total revenue was USD 108.885 million compared to USD 95.114 million a year ago. Operating income was USD 3.925 million compared to operating loss of USD 4.217 million a year ago. Net income was USD 1.148 million compared to USD 3.581 million a year ago. Basic earnings per share was USD 0.05 compared to USD 0.16 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. 
