Amtech announces record preliminary Q1 figures

Amtech Systems has announced its preliminary results for Q1 of the new fiscal year, including record-breaking revenue and pre-sale figures. Q1, which ended on December 31, delivered revenue of US$52 million – a quarter-to-quarter rise of 14% – bookings of approximately US$134 million, and an order backlog of US$172 million – an 83% increase on the company’s Q4 numbers. Amtech expects to post final Q1 results in early February.

“Our strong preliminary revenue for the first quarter further demonstrates our technology leadership in high-efficiency solar diffusion and our operational capability to manage and service this high-end growth market,” said Amtech’s CEO, Jong Whang. “With our continued success in expanding our solar market share with an increasing number of top-tier solar customers, we recorded a record number of orders and continue to ramp up operations to support our record-breaking backlog and profitably manage our rapid growth.”