ACM Research Inc (OQ:ACMR)

Business Focus: Semiconductor Machinery Manufacturing

Sector:  Technology Industry:  Semiconductor Equipment & Testing
See Regulatory Filings on SEC
Company Contact
Address: 42307 Osgood Rd Ste I
FREMONT CA 94539-5062
Tel: N/A
IR: See website
Key People
David Hui Wang
Chairman of the Board, President, Chief Executive Officer, Founder
Mark Mckechnie
Chief Financial Officer, Treasurer, Secretary
Jian Wang
President, Chief Executive Officer - Shanghai
Sotheara Cheav
Senior Vice President of Manufacturing - Shanghai
Fuping Chen
Vice President of Sales - China
Jim Straus
Vice President of Sales - North America
Lisa Feng
Chief Financial Officer - Shanghai
Business Overview
ACM Research, Inc. (ACM) develops, manufactures and sells single-wafer wet cleaning equipment used in the manufacturing process of integrated chips. The Company markets and sells its single-wafer wet-cleaning equipment, under the brand name Ultra C, based on the Company's Space Alternated Phase Shift (SAPS) and Timely Energized Bubble Oscillation (TEBO) technologies. These tools are designed to remove random defects from a wafer surface efficiently, without damaging the wafer or its features. The Company's products are designed for the use in fabricating foundry, logic and memory chips, including dynamic random-access memory (DRAM) and 3D NAND-flash memory chips. AMC also develops, manufactures and sells a range of packaging tools to wafer assembly and packaging customers.
Financial Overview
For the nine months ended 30 September 2020, ACMResearch Inc revenues increased 34% to $111.1M. Net incomedecreased 31% to $10.3M. Revenues reflect an increase indemand for the Company's products and services due tofavorable market conditions. Net income was offset byResearch and development increase of 46% to $12.7M(expense), Non-operating income (expense), net decreasefrom $2.1M (income) to $933K (expense).
Employees: 361 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,790M as of Sep 30, 2020
Annual revenue (TTM): $135.67M as of Sep 30, 2020
EBITDA (TTM): $20.89M as of Sep 30, 2020
Net annual income (TTM): $14.20M as of Sep 30, 2020
Free cash flow (TTM): -$7.06M as of Sep 30, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 18,464,824 as of Nov 3, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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