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ASYS

Amtech Systems, Inc.

ASYS

Amtech Systems, Inc. • NASDAQ
$7.85 ▲ 1.42% (+0.11)
Market Cap $112.36 M
52w High $10.80
52w Low $3.20
Dividend Yield 0%
P/E -3.5
Volume 21.86K
Outstanding Shares 14.31M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $19.557M ▲ $7.751M ▼ $106K ▲ 0.542% ▲ $0.007 ▲ $1.504M ▲
Q2-2025 $15.58M ▼ $7.947M ▼ $-31.812M ▼ -204.185% ▼ $-2.23 ▼ $-30.713M ▼
Q1-2025 $24.385M ▲ $9.024M ▼ $312K ▲ 1.279% ▲ $0.022 ▼ $1.516M ▲
Q4-2024 $24.112M ▼ $9.777M ▲ $-536K ▼ -2.223% ▼ $0.56 ▲ $479K ▼
Q3-2024 $26.749M $8.902M $438K 1.637% $0.031 $1.74M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $15.563M ▲ $89.464M ▲ $37.746M ▲ $51.718M ▲
Q2-2025 $13.426M ▲ $83.408M ▼ $32.373M ▼ $51.035M ▼
Q1-2025 $13.214M ▲ $117.776M ▼ $35.334M ▼ $82.442M ▲
Q4-2024 $11.086M ▼ $118.953M ▼ $36.595M ▼ $82.358M ▲
Q3-2024 $13.183M $127.059M $45.341M $81.718M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $106K ▲ $2.532M ▲ $-540K ▼ $-23K $2.137M ▲ $1.98M ▲
Q2-2025 $-31.812M ▼ $210K ▼ $-9K ▲ $-23K ▼ $212K ▼ $201K ▼
Q1-2025 $312K ▲ $2.867M ▲ $-143K ▼ $126K ▲ $2.128M ▲ $2.724M ▲
Q4-2024 $-536K ▼ $879K ▼ $432K ▲ $-3.993M ▼ $-2.097M ▼ $1.311M ▲
Q3-2024 $438K $3.656M $-3.334M $-255K $183K $322K

Revenue by Products

Product Q4-2023Q1-2024Q2-2024Q3-2024
Material And Substrate
Material And Substrate
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Semiconductor Equipment
Semiconductor Equipment
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has inched up over the last few years but not by much, and profits have been choppy. The company moved from roughly break-even to a decent profit, and then back into losses more recently. Margins at the gross level look fairly steady, but operating expenses eat up most of the profit, so even small changes in sales or costs swing the bottom line. Overall, this is a business with modest scale and earnings that are sensitive to industry cycles and execution, rather than a consistently high-margin profit engine.

Balance Sheet

Balance Sheet The balance sheet shows a company that is equity‑funded with only modest use of debt, which reduces financial risk but also limits leverage in good times. Total assets have been fairly stable, suggesting no dramatic expansion or contraction. Cash levels, however, have come down from earlier peaks, leaving a thinner cushion than before. Equity has edged down from its high point, reflecting recent losses, but still represents the majority of the capital structure. In short, the balance sheet looks conservative but with less spare cash than a few years ago.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been inconsistent, flipping between small inflows and outflows. Free cash flow has hovered around break‑even, helped by very low capital spending, which implies tight control of investment but also limited capacity build‑out. The pattern suggests the business can roughly support itself in normal conditions, yet it does not currently throw off large, reliable cash surpluses. Volatile operating cash flow is a sign that working capital swings and order timing matter a lot for this company.

Competitive Edge

Competitive Edge Amtech operates in focused niches of the semiconductor equipment and consumables market rather than going head‑to‑head with the largest industry players. Its brands—like BTU, Bruce Technologies, PR Hoffman, and others—are well known within their specific process steps, particularly in thermal processing, power semiconductor fabrication, and wafer finishing. The company’s gear is integrated into customers’ production lines and often has long lifecycles, which can create sticky relationships. At the same time, the niche nature of the business means the company’s fortunes are closely tied to demand in those specific segments, and it lacks the diversification of the biggest equipment companies.

Innovation and R&D

Innovation and R&D Innovation is a clear focus and a major part of Amtech’s story. The company has developed specialized tools such as advanced reflow ovens that keep ultra‑thin substrates flat, diffusion furnaces tailored for power devices, and durable templates and chemicals for processing tough materials like silicon carbide. These are highly technical, process‑critical products where know‑how and incremental performance gains matter. Amtech is also positioning itself around fast‑growing themes like silicon carbide for electric vehicles and advanced packaging for AI chips, and it has hinted at more integrated, possibly software‑enhanced solutions. This ongoing R&D effort is a key lever for differentiation in a crowded industry.

Summary

Amtech is a small, specialized semiconductor equipment and consumables supplier with steady but not fast‑growing revenue and profits that move with industry conditions. Its balance sheet is generally conservative, though the cash buffer is thinner than in the past, and cash flow is lumpy rather than reliably strong. The company’s real strength lies in its niche positions and deep process expertise across thermal processing, power semiconductors, and wafer finishing. Innovation around silicon carbide and advanced packaging gives it exposure to attractive growth areas, but its scale and earnings volatility underline that this remains a cyclical, execution‑sensitive business rather than a stable compounder. Monitoring how well it converts its technology edge into steadier revenue and cash flow is critical to understanding its long‑term trajectory.