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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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”), a leading supplier of thin-film processing systems, today announced that John Dickinson will join the Company as vice president of operations, effective September 1st, 2022. “John brings over 30 years of experience in engineering and operational leadership roles at some of the world's leading capital equipment companies, with particular expertise in the introduction of new technologies,” said Nigel Hu

John Dickinson to Join Intevac as Vice President of Operations

Intevac, Inc. (NASDAQ:IVAC ) Q2 2022 Earnings Conference Call August 3, 2022 4:30 PM ET Company Participants Claire McAdams - Investor Relations Nigel Hunton - President and Chief Executive Officer Jim Moniz - Chief Financial Officer Conference Call Participants Peter Wright - Intro-act Mark Miller - The Benchmark Company Operator Good day, and welcome to Intevac's Second Quarter 2022 Financial Results Conference Call [Operator Instructions]. Please note that this conference call is being recorded today, August 3, 2022.

Intevac, Inc. (IVAC) CEO Nigel Hunton on Q2 2022 Results - Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended July 2, 2022. Q2 Highlights: - Total backlog at quarter-end increased to over $100 million - Revenues exceeded forecast at $9.3 million - Gross margin of 48% was above forecast primarily due to favorable mix; and with continued control of expenses, our net loss from continuing operations was reduced to $0.10 per share, an improvement compared to the prior quar

Intevac Announces Second Quarter 2022 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 2022 at approximately 1 p.m. PT (4 p.m. ET) on Wednesday, August 3rd, 2022. At 1:30 p.m. PT (4:30 p.m. ET) on August 3rd, 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 re

Intevac to Announce Second Quarter Results on August 3rd

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the Company's participation in two upcoming investor events: 12th Annual East Coast IDEAS Conference Virtual format with on-demand investor presentation 1x1 meetings scheduled for Wednesday, June 22nd, 2022 14th Annual CEO Summit Wednesday, July 13th, 2022 Small group meetings in AM meeting session: 9:30am until 12:00pm St. Regis San Francisco (convenient to SE

Intevac Announces Participation in Upcoming IDEAS and CEO Summit Investor Events

Intevac, Inc. (NASDAQ:IVAC ) Q1 2022 Earnings Conference Call May 9, 2022 4:30 PM ET Company Participants Nigel Hunton – President & Chief Executive Officer Jim Moniz – Chief Financial Officer Claire McAdams – Investor Relations Conference Call Participants Mark Miller – Benchmark Company Peter Wright – Intro-act Operator Good day and welcome to Intevac's First-Quarter 2022 Financial Results Conference Call. A brief question-and-answer session will follow the formal presentation.

Intevac, Inc. (IVAC) CEO Nigel Hunton on Q1 2022 Results - Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the first quarter ended April 2, 2022. Q1 Highlights: Achieved new 12-year record high in quarterly bookings and backlog for thin-film equipment New orders totaled $67 million Backlog increased to $87 million Booked $54 million order for multiple 200 Lean® systems Announced multi-year upgrade and refurbishment agreement valued at over $20 million Completed significant amount of restructuring

Intevac Announces First Quarter 2022 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the receipt of an $11 million order for 200 Lean® systems. These systems are currently scheduled to be delivered in the second half of 2023. “We are pleased to announce our fourth significant HDD order within the last six months,” said Nigel Hunton, Intevac's president and chief executive officer. “In November of last year, we announced a $10 million order that

Intevac Announces $11 Million Order for 200 Lean Systems

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 2022 at approximately 1 p.m. PT (4 p.m. ET) on Monday, May 9th, 2022. At 1:30 p.m. PT (4:30 p.m. ET) on May 9th, 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 reference me

Intevac to Announce First Quarter Results on May 9th

SANTA CLARA, Calif.--(BUSINESS WIRE)--Third paragraph, second sentence of the release dated April 4, 2022 should read: “Over the past several months, we have appreciably grown backlog in support of the HDD industry's first significant media capacity additions since 2010." (instead of: "Over the past several months, we have appreciably grown backlog in support of the HDD industry's first significantly media capacity additions since 2010.") The updated release reads: INTEVAC ANNOUNCES $54 MILLION

CORRECTING and REPLACING Intevac Announces $54 Million Order for 200 Lean Systems

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the receipt of a $54 million order for multiple 200 Lean® systems. The order includes eight expanded-module systems, each of which are configured with 28 process chambers for the production of advanced hard disk drive (HDD) media. Scheduled to ship over multiple quarters beginning in mid-2023, this order will be reflected in the Company's backlog at its fiscal

Intevac Announces $54 Million Order for 200 Lean Systems

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced a multi-year agreement with a leading data storage company to upgrade and refurbish multiple 200 Lean® systems. Valued at over $20 million, this agreement upgrades existing systems in the field, which were delivered by Intevac between 2004 and 2010. This technology upgrade and refurbishment program is expected to be deployed over the 2022 through 2024 timeframe

Intevac Announces Multi-Year 200 Lean Upgrade and Refurbishment Agreement

Intevac, Inc. (IVAC) CEO Nigel Hunton on Q4 2021 Results - Earnings Call Transcript

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the fiscal fourth quarter and year ended January 1, 2022. Fiscal 2021 Highlights Completion of the sale of our Photonics business, which closed in late December and is valued at up to $100 million, reflecting the up-front cash payment of $70 million and future earn-out payments of up to $30 million; Substantial balance sheet strength, with our total balance of cash and investments growing to

Intevac Announces Fourth Quarter and Full Year 2021 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 2021 at approximately 1 p.m. PT (4 p.m. ET) on Wednesday, February 9th, 2022. At 1:30 p.m. PT (4:30 p.m. ET) on February 9th, 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

Intevac to Announce Fourth Quarter and Fiscal Year 2021 Results on February 9th

Intevac Inc (NASDAQ: IVAC) has appointed Nigel Hunton as its president and CEO and member of the board of directors, effective January 19, 2022. Wendell Blonigan, who has served as president and CEO and a director since 2013, has retired from his positions, effective January 18, 2022.

Intevac Names Nigel Hunton As CEO

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq:IVAC, “Intevac” or “the Company”), a leading supplier of thin-film processing systems, today announced the appointment of Nigel Hunton as president and chief executive officer (CEO), and member of the board of directors, effective January 19th. Wendell Blonigan, who has served as president and CEO and a director of the Company since 2013, has retired from his positions at Intevac, effective January 18th. “Nigel brings a wealth of exper

Intevac Appoints Nigel Hunton as Chief Executive Officer

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), (“Intevac” or the “Company), a leading supplier of thin-film processing systems, today announced the sale of its Photonics business (“Photonics”) to EOTECH LLC, a privately-held optical technology company (“EOTECH”). The transaction, structured as an asset sale, closed on December 30th, 2021 and is valued at up to $100 million, consisting of an up-front cash payment of $70 million and future earn-out payments of up to $30 milli

Intevac Announces Sale of Photonics Business

Intevac, Inc. (NASDAQ: IVAC) has received $10 million in new HDD orders, consisting of one 200 Lean system and technology upgrades, adding to the company's backlog at year-end 2021. The company expects technology upgrades to be installed through mid-2022 and the 200 Lean system delivered in the second half of 2022.

Intevac Secures $10M New HDD Orders

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the receipt of $10 million in new HDD orders. These orders consist of one 200 Lean® system as well as technology upgrades, which will add to the company's backlog at year-end 2021. The technology upgrades are expected to be installed through mid-2022 and the 200 Lean system is expected to be delivered in the second half of 2022. “We are pleased to announce our

Intevac Announces $10 Million in New HDD Orders

Intevac, Inc. (IVAC) CEO Wendell Blonigan on Q3 2021 Results - Earnings Call Transcript

Intevac (NASDAQ:IVAC) reported its Q3 earnings results on Monday, November 1, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Intevac: Q3 Earnings Insights

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended October 2, 2021. “We are pleased to report Q3 financial results that were above forecast, and up sequentially from the second quarter, chiefly as a result of the continued acceleration of upgrade programs by our hard disk drive (HDD) customers,” commented Wendell Blonigan, president and chief executive officer. “We achieved improved operating results in the q

Intevac Announces Third Quarter 2021 Financial Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) will release financial results for its fiscal third quarter 2021 at approximately 1 p.m. PT (4 p.m. ET) on Monday, November 1st, 2021. At 1:30 p.m. PT (4:30 p.m. ET) on November 1st, 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 reference meeting number 13723665. For international ca

Intevac to Announce Third Quarter 2021 Results on November 1st

SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) announced today it was awarded a five-year, firm-fixed-price, Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract with a maximum value of $16.3 million for the continued production of night vision cameras for the Apache Helicopter's Modernized Pilot Night Vision Sensor (M-PNVS) program for the U.S. Army. This contract, from the U.S. Army's PM Apache Office in Huntsville, Alabama, will provide cameras for new Apache Airframe

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