Sector: Technology | Industry: Electronic Equipment & Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 3560 Bassett St SANTA CLARA CA 95054-2704 |
Tel: | 1-530-2659899 |
Website: | www.intevac.com |
IR: | See website |
Key People | ||
Nigel David Hunton President, Chief Executive Officer, Director | Kevin H. Soulsby Interim Chief Financial Officer | John Dickinson Vice President - Operations |
Eva Valencia Vice President - Sales | Samuel Harkness Vice President - Product Development and Technology | Mark P. Popovich Vice President - Business Development |
Business Overview |
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). |
Financial Overview |
For the fiscal year ended 30 December 2023, Intevac Inc revenues increased 47% to $52.7M. Net loss before extraordinary items decreased 25% to $12.6M. Revenues reflect ASP segment increase of 14% to $114K, Asia segment increase of 55% to $48.1M, Europe segment increase of 8% to $108K. Lower net loss reflects Interest and other income increase from $30.9M (expense) to $8K (income), Interest Income - Non Bank increase from $1.2M to $2.5M (income). |
Employees: | 126 as of Dec 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $27.12M as of Dec 30, 2023 |
Annual revenue (TTM): | $52.67M as of Dec 30, 2023 |
EBITDA (TTM): | -$11.71M as of Dec 30, 2023 |
Net annual income (TTM): | -$12.61M as of Dec 30, 2023 |
Free cash flow (TTM): | -$40.50M as of Dec 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 26,584,057 as of Mar 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |