Intevac, Inc. (OQ:IVAC)

Business Focus: Industrial Machinery

Sector:  Industrials Industry:  Industrial Machinery & Equipment
See Regulatory Filings on SEC
Company Contact
Address: 3560 Bassett St
SANTA CLARA CA 95054-2704
Tel: 1-530-2659899
IR: See website
Key People
David S. Dury
Independent Chairman of the Board
Wendell Thomas Blonigan
President, Chief Executive Officer, Director
James P. Moniz
Chief Financial Officer, Executive Vice President - Finance and Administration, Treasurer
Jay C. Cho
Executive Vice President, General Manager - Thin-Film Equipment
Timothy E. Justyn
Executive Vice President, General Manager - Photonics
Kimberly Burk
Senior Vice President - Global Human Resources
Verle W. Aebi
Chief Technology Officer - Photonics
Terry Bluck
Chief Technology Officer, TFE
Business Overview
Intevac, Inc. (Intevac) is a provider of vacuum deposition equipment for a range of thin-film applications, and digital night-vision technologies and products to the defense industry. The Company's segments include Thin-film Equipment and Photonics. The Company designs, manufactures, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives. Its thin film equipment products include 200 Lean Disk Sputtering System, 200 Lean Etch and Deposition System, AccuLuber Disk Lubrication System, INTEVAC VERTEX System, INTEVAC MATRIX Implant System, ENERGi Implant System and INTEVAC MATRIX System. The Company's photonic segment develops, manufactures and sells compact digital-optical products for the capture and display of low-light images.
Financial Overview
For the three months ended 28 March 2020, Intevac, Inc. revenues decreased 24% to $18.8M. Net loss decreased 49% to $1.2M. Revenues reflect TFE segment decrease of 58% to $8M. Lower net loss reflects Intevac Photonics segment income totaling $2.9M vs. loss of $640K. Basic Earnings per Share excluding Extraordinary Items increased from -$0.10 to -$0.05.
Employees: 272 as of Dec 28, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $82.84M as of Mar 28, 2020
Annual revenue (TTM): $102.90M as of Mar 28, 2020
EBITDA (TTM): $7.63M as of Mar 28, 2020
Net annual income (TTM): $2.32M as of Mar 28, 2020
Free cash flow (TTM): $0.21M as of Mar 28, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,489,111 as of Mar 28, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization