Intevac

Intevac, Inc. engages in the design, manufacture and marketing of thin-film processing systems, digital sensors, cameras and systems. It operates its business through the Thin-film Equipment and Photonics segments. The Thin-film Equipment segment offers vacuum process equipment solutions for high-volume manufacturing of small substrates with precise thin-film properties, such as for the hard drive, solar cell and DCP industries, as well as other adjacent thin-film markets. The Photonics segment develops digital-optical products for the capture and display of low-light images. The company was founded by Norman H. Pond in 1991 and is headquartered in Santa Clara, CA.

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Earnings data Q4 2024

Intevac posts robust Q4 results, eyes growth beyond electronics market

Intevac's Q4 2022 performance exceeded expectations, with a strong revenue outlook for Q1 2023 and a focus on profitability.
Strategic partnerships and exclusive market positions offer competitive strengths, while challenges include managing cash flow and technology updates.
Opportunities lie in diversifying applications beyond electronics and leveraging market leadership for growth and product visibility.

Intevac reports resilient Q1 earnings, focuses on innovation and growth

Intevac's Q1 2023 performance showcased resilience in revenue generation and progress in TRIO platform development. The company faces challenges in the HDD market and macroeconomic headwinds but maintains a strategic outlook for growth.
Strengths lie in a strong financial foundation, emphasis on R&D investments, and a forward-looking approach to capitalize on new opportunities. Managing cash flow effectively amidst investments and navigating market challenges will be key for Intevac's future success.

Intevac reports strong Q2 earnings, eyes growth amid market challenges

Intevac's Q2 performance exceeded expectations with a focus on HDD business growth.
Challenges include softening demand in the HDD market and cost restructuring efforts.
Opportunities lie in qualifying the TRIO system, strong revenue expectations for 2024, and achieving financial stability.
Overall, Intevac aims for growth, cost efficiency, and improved financial performance.

Intevac reports robust Q3 results, anticipates growth in TRIO systems

Intevac's Q3 2023 earnings call showcased strong financial performance, especially in the HDD business, with improved revenue outlook for the year. While challenges exist in Q4 revenue projections, the company is focused on leveraging opportunities in TRIO system sales and innovation.

Intevac reports robust Q4 results, focuses on long-term growth

Intevac's Q4 2023 performance exceeded expectations, driven by strong revenue growth, improved margins, and reduced net losses.
The company's strategic focus on technology innovation, order backlog, and financial stability positions it well for future growth.
While facing challenges such as short-term guidance withdrawal and industry competition, Intevac has opportunities to leverage its strengths for long-term success.
Overall, Intevac's financial health, product development, and market positioning indicate a promising outlook for sustained growth and profitability.

Intevac reports solid Q1 performance, eyes growth amid margin challenges

Intevac's Q1 performance reflects revenue growth and strong margins driven by technology upgrades.
Operational progress with TRIO platform and HDD industry focus position the company for future success.
Challenges in maintaining margins and revenue growth in Q2 highlight areas for strategic attention.

Intevac surpasses Q2 revenue forecasts, eyes growth in HDD upgrades

Intevac's Q2 performance exceeded expectations with strong revenue and gross margin, driven by heightened demand for HDD technology upgrades.
While facing challenges in net loss and margin maintenance for Q3, the company's strategic focus on customer engagement and market trends positions it well for future growth.
Opportunities lie in capitalizing on HAMR upgrades, TRIO platform expansion, and industry trends, signaling a promising outlook for Intevac's continued success.

Intevac reports strong Q3 results, shifts focus to HDD sector

Intevac's Q3 performance reflects resilience and adaptability in response to industry challenges, with a strategic shift towards HDD business.
Despite facing hurdles with the TRIO qualification process, the company's focus on core strengths and cost optimization bode well for future growth.
Opportunities lie in achieving revenue targets, maintaining financial stability, and leveraging market trends to drive Intevac's growth trajectory.

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Intevac, Inc. engages in the provision of thin-film process technology and manufacturing platforms for high-volume manufacturing environments. Its products include Thin Film Equipment, Hard Disk Drive, and Trio. The company was founded by Norman H. Pond in 1991 and is headquartered in Santa Clara, CA.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) (“Intevac” or the “Company”) today announced its anticipated year end cash position, 2025 revenue guidance, commencement of quarterly dividends, further restructuring to strengthen profitability, and a renewed focus on its pursuit of strategic options. At year end Intevac's cash position, composed of restricted cash, and investments, is expected to be in the range of $70-$72 million. 2025 revenue is expected to be in the range o.

Intevac Provides Cash and Revenue Guidance, Announces Dividend, Further Restructuring to Strengthen Profitability, and Investigation of Strategic Options

Intevac, Inc. (NASDAQ:IVAC ) Q3 2024 Earnings Conference Call November 11, 2024 4:30 PM ET Company Participants Nigel Hunton - President, Chief Executive Officer Cameron McAulay - Chief Financial Officer Claire McAdams - Investor Relations Conference Call Participants Peter Wright - PartnerCap Securities Mark Miller - Benchmark Hendi Susanto - Gabelli Funds Operator Greetings, and welcome to Intevac's Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Intevac, Inc. (IVAC) Q3 2024 Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September 28, 2024. “We are pleased to report third-quarter results favorable to our expectations going into the quarter,” commented Nigel Hunton, president and chief executive officer. “Technology upgrades in support of next-generation HAMR (heat-assisted magnetic recording) media continue to drive the majority of our business, and total revenues from HDD up.

Intevac Announces Third Quarter 2024 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Ryan L. Vardeman to its board of directors (the “Board”), effective immediately. Mr. Vardeman is a principal and co-founder of Palogic Value Fund, L.P. (“Palogic”), which is a substantial shareholder of Intevac. “We are pleased to welcome Ryan to the Board,” said Kevin Barber, chair of the Board. “We look forward to Ryan's contributions as a.

Intevac Announces Appointment of Ryan L. Vardeman to Board of Directors

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal third quarter 2024 at approximately 1 p.m. PT (4 p.m. ET) on Monday, November 11th, 2024. At 1:30 p.m. PT (4:30 p.m. ET) on November 11th, Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and.

Intevac to Announce Third Quarter 2024 Results on November 11th

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Kevin Barber as the Company's Board Chairman, effective today. Mr. Barber succeeds David S. Dury, who has served as Board Chairman since 2017 and will remain on the Board until the annual meeting of stockholders in 2025. “I would like to thank David for his meaningful contributions during his time as Board Chairman,” commented Nigel Hunton, I.

Intevac Announces Appointment of Kevin Barber as Board Chairman

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced that it has expanded its Board of Directors with the appointment of industry veteran Eiji Miyanaga, as a new independent director. Mr. Miyanaga most recently served on the board of directors of Ferrotec Holdings Corporation (JASDAQ: 6890), a leading global supplier of advanced materials, components, and precision system solutions used in a broad array of end pr.

Intevac Welcomes Eiji Miyanaga to its Board of Directors

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC, “Intevac” or “the Company”), a leading supplier of thin-film processing systems, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to Cameron McAulay in connection with his appointment as Intevac's new Chief Financial Officer, Secretary and Treasurer in July 2024. Such grants were made under the Intevac, Inc. 2022 Inducement Equity Incentive Plan, which Intevac's board of directors approve.

Intevac Reports Inducement Grants under Nasdaq Listing Rule 5635(c)(4)

Intevac, Inc. (NASDAQ:IVAC ) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Claire McAdams - Investor Relations Nigel Hunton - President & Chief Executive Officer Cameron McAulay - Chief Financial Officer Kevin Soulsby - Corporate Controller Conference Call Participants Peter Wright - PartnerCap Securities Mark Miller - The Benchmark Company Dan Weston - West Capital Management Operator Good afternoon and welcome to Intevac's Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Intevac, Inc. (IVAC) Q2 2024 Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended June 29, 2024. “We witnessed strengthening demand for hard disk drive (HDD) media technology upgrades during the second quarter, and our team in Singapore provided solid execution, which led to revenues well ahead of expectations,” commented Nigel Hunton, president and chief executive officer. “Today's media upgrade initiatives, including those in support of t.

Intevac Announces Second Quarter 2024 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal second quarter 2024 at approximately 1 p.m. PT (4 p.m. ET) on Monday, August 5th, 2024. At 1:30 p.m. PT (4:30 p.m. ET) on August 5th, Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and refer.

Intevac to Announce Second Quarter 2024 Results on August 5th

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Cameron McAulay as the Company's chief financial officer (CFO), effective today. Mr. McAulay succeeds Kevin Soulsby, who has served as interim CFO since August 2023 and today resumes his role as corporate controller for Intevac. Cameron McAulay brings extensive experience in operational finance and over 25 years of financial management expert.

Intevac Appoints Cameron McAulay as Chief Financial Officer

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Intevac, Inc. (NASDAQ:IVAC ) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Claire McAdams - Investor Relations Nigel Hunton - President & Chief Executive Officer Kevin Soulsby - Chief Financial Officer Conference Call Participants Peter Wright - Intro-Act Mark Miller - The Benchmark Company Hendi Susanto - Gabelli Funds Claire McAdams Thank you, operator and good morning to everyone on today's call. Thank you for joining us today to discuss Intevac's financial results for the first quarter of 2024, which ended on March 30th.

Intevac, Inc. (IVAC) Q1 2024 Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the first quarter ended March 30, 2024. Q1 Highlights: Continued strong demand for technology upgrades for hard disk drive (HDD) media resulted in sales of nearly $10 million and gross margin approaching 44% for the quarter. New orders exceeded $20 million for the quarter, and included HDD technology upgrade bookings from multiple customers, including initial HAMR (heat-assisted magnetic reco.

Intevac Announces First Quarter 2024 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, has pulled in the timing of the release of first quarter results due to a change in management travel commitments. The Company will now release financial results for its fiscal first quarter 2024 at approximately 7 a.m. EDT on Thursday, April 25th, 2024. At 8:30 a.m. EDT (5:30 a.m. PDT) on April 25th, Intevac management will host a teleconference to discuss the Company's finan.

Intevac Announces Earlier Release Date of Thursday, April 25th for First Quarter 2024 Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal first quarter 2024 at approximately 1 p.m. PT (4 p.m. ET) on Monday, April 29th, 2024. At 1:30 p.m. PT (4:30 p.m. ET) on April 29th, Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and refere.

Intevac to Announce First Quarter 2024 Results on April 29th

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Intevac, Inc. (IVAC) Q4 2023 Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today reported financial results for the fiscal fourth quarter and year ended December 30, 2023. Q4 and Fiscal 2023 Highlights Successfully completed TRIO™ development program and achieved qualification of initial TRIO system before year-end 2023. Q4 sales of $12.9 million exceeded prior expectations due to the acceleration of heat-assisted magnetic recording (HAMR) technology.

Intevac Announces Fourth Quarter and Full Year 2023 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal fourth quarter and full year 2023 at approximately 1 p.m. PT (4 p.m. ET) on Monday, February 5th, 2024. At 1:30 p.m. PT (4:30 p.m. ET) on February 5th, Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the sta.

Intevac to Announce Fourth Quarter and Fiscal Year 2023 Results on February 5th

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced that the Company has successfully completed the qualification of its first TRIO™ system within the initial 12 months of the partnership agreement. “We are very pleased to announce the completion of the TRIO development program, and the successful qualification of the first TRIO system achieved last week with our partner Corning,” commented Nigel Hunton, preside.

Intevac Announces Successful Qualification of TRIO™ System

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced management's participation in the 12th Annual NYC Summit, being held Tuesday, December 12th at Mastro's New York. The presentation material utilized during the NYC Summit will be made accessible on the events page of the Company's website at https://ir.intevac.com. About the 12th Annual NYC Summit The NYC Summit is collectively hosted and funded by participatin.

Intevac Announces Participation in 12th Annual NYC Summit

Intevac, Inc. (NASDAQ:IVAC ) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Claire McAdams - Investor Relations Nigel Hunton - President & Chief Executive Officer Kevin Soulsby - Chief Financial Officer Conference Call Participants Peter Wright - Intro Act Hendi Susanto - Gabelli Funds. Operator Good day and welcome to Intevac's Third Quarter 2023 Financial Results Conference Call.

Intevac, Inc. (IVAC) Q3 2023 Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September 30, 2023. “We are pleased to deliver third-quarter 2023 results well above our prior expectations, reflecting media technology upgrade initiatives currently underway in the hard disk drive (HDD) industry,” commented Nigel Hunton, president and chief executive officer. “Industry leaders are focused on executing the ramp of next-generation media techn.

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