Amtech Systems Inc. Files Q1 2025 10-Q

TL;DR

AMTECH SYSTEMS INC (ASYS) filed its Q1 2025 10-Q. Financials are in.

AI Summary

Amtech Systems Inc. filed its 10-Q for the period ending December 31, 2024. The company, headquartered in Tempe, AZ, is involved in the special industry machinery sector. This filing provides financial updates for the first quarter of their fiscal year.

Why It Matters

This filing provides investors with a quarterly update on Amtech Systems Inc.'s financial performance and position, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks highlighted.

Key Players & Entities

• AMTECH SYSTEMS INC (company) — Filer
• 20241231 (date) — Period of Report
• 20250205 (date) — Filing Date
• Tempe, AZ (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share ASYS NASDAQ Global Select

Filing Documents

• asys-20241231.htm (10-Q) — 1791KB
• asys-ex31_1.htm (EX-31.1) — 19KB
• asys-ex31_2.htm (EX-31.2) — 18KB
• asys-ex32_1.htm (EX-32.1) — 12KB
• asys-ex32_2.htm (EX-32.2) — 12KB
• img251432736_0.jpg (GRAPHIC) — 66KB
• 0000950170-25-014465.txt ( ) — 8779KB
• asys-20241231.xsd (EX-101.SCH) — 1270KB
• asys-20241231_htm.xml (XML) — 1650KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 4

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements 4 Condensed Consolidated Balance Sheets December 31, 2024 (Unaudited) and September 30, 2024 4 Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) Three Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Shareholders' Equity (Unaudited) Three Months Ended December 31, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows (Unaudited) Three Months Ended December 31, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 9

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Overview 21 Results of Operations 22 Liquidity and Capital Resources 25 Off-Balance Sheet Arrangements 26 Contractual Obligations 26 Critical Accounting Estimates 26 Impact of Recently Issued Accounting Pronouncements 27

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 27

Controls and Procedures

Item 4. Controls and Procedures 27

OTHER INFORMATION

PART II. OTHER INFORMATION 28

Legal Proceedings

Item 1. Legal Proceedings 28

Risk Factors

Item 1A. Risk Factors 28

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 28

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 28

Other Information

Item 5. Other Information 28

Exhibits

Item 6. Exhibits 29

SIGNATURES

SIGNATURES 30 2 Cautionary Note Regardin g Forward-Looking Statements Our discussion and analysis in this Quarterly Report on Form 10-Q ("Quarterly Report"), our Annual Report on Form 10-K for the fiscal year ended September 30, 2024 (the "2024 Form 10-K"), our other reports that we file with the Securities and Exchange Commission ("SEC"), our press releases and in public statements of our officers and corporate spokespersons contain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. Forward-looking statements give our or our officers' current expectations or forecasts of future events. You can also identify forward-looking statements by discussions of strategy, plans or intentions of management. We have tried, wherever possible, to identify such statements by using words such as "may," "plan," "anticipate," "seek," "will," "expect," "intend," "estimate," "believe," "continue," "predict," "potential," "project," "should," "would," "could," "likely," "future," "target," "forecast," "goal," "observe," and "strategy" or the negative thereof or variations thereon or similar terminology relating to the uncertainty of future events or outcomes. Any expectations based on these forward-looking statements are subject to risks and uncertainties and other important factors. Some factors that could cause actual results to differ materially from those anticipated include, among others, future economic conditions, including changes in the markets in which we operate; changes in demand for our services and products; our revenue and operating performance; difficulties in successfully executing our growth initiatives; difficulties in executing on our strategic initiatives with respect to our Semiconductor Fabrication Solutions business segment; the effects of competition in the ma

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements AMTECH SYSTEMS, INC. AND SUBSIDIARIES Condensed Consolida ted Balance Sheets (in thousands, except share data) December 31, 2024 September 30, 2024 Assets (Unaudited) Current Assets Cash and cash equivalents $ 13,214 $ 11,086 Accounts receivable (less allowance for credit losses of $ 117 and $ 103 at December 31, 2024 and September 30, 2024, respectively) 20,822 21,989 Inventories 25,611 26,867 Income taxes receivable 95 132 Other current assets 4,525 4,302 Total current assets 64,267 64,376 Property, Plant and Equipment - Net 11,076 11,647 Right-of-Use Assets - Net 15,978 16,596 Intangible Assets - Net 3,876 4,004 Goodwill 21,261 21,261 Deferred Income Taxes - Net 185 185 Other Assets 1,133 884 Total Assets $ 117,776 $ 118,953 Liabilities and Shareholders' Equity Current Liabilities Accounts payable $ 6,888 $ 5,356 Accrued compensation and related taxes 2,254 2,057 Accrued warranty expense 513 602 Other accrued liabilities 447 477 Current maturities of finance lease liabilities and long-term debt 102 101 Current portion of long-term operating lease liabilities 2,098 2,041 Contract liabilities 6,658 8,965 Total current liabilities 18,960 19,599 Finance Lease Liabilities and Long-Term Debt 161 189 Long-Term Operating Lease Liabilities 14,666 15,240 Income Taxes Payable 1,488 1,510 Other Long-Term Liabilities 59 57 Total Liabilities 35,334 36,595 Commitments and Contingencies (Note 9) Shareholders' Equity Preferred stock; 100,000,000 shares authorized; none issued — — Common stock; $ 0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 14,289,066 and 14,258,879 at December 31, 2024 and September 30, 2024, respectively 143 143 Additional paid-in capital 128,949 128,466 Accumulated othe

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View this 10-Q filing on SEC EDGAR