Intevac, Inc. (OQ:IVAC)

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 Justyn
Executive Vice President, General Manager - Intevac Photonics
Kimberly Burk
Senior Vice President - Global Human Resources
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 fiscal year ended 28 December 2019, Intevac, Inc. revenues increased 14% to $108.9M. Net income decreased 68% to $1.1M. Revenues reflect Intevac Photonics segment increase of 37% to $35.2M, TFE segment increase of 6% to $73.7M, United States segment increase of 29% to $36M, Asia segment increase of 11% to $72.4M. Net income was offset by Unallocated costs segment loss increase of 28% to $4.3M.
Employees: 272 as of Dec 28, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $65.29M as of Dec 28, 2019
Annual revenue (TTM): $108.88M as of Dec 28, 2019
EBITDA (TTM): $6.91M as of Dec 28, 2019
Net annual income (TTM): $1.15M as of Dec 28, 2019
Free cash flow (TTM): $0.84M as of Dec 28, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,559,479 as of Feb 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization