PV equipment supplier, Amtech Systems has pre-released preliminary full-year results for 2012 on the back of expected heavy losses and equipment final acceptance delays.
Amtech said that it expected to report revenue of US$81.5 million for the full-year, down from record revenue of US$247 million in 2011 financial year.
Revenue in Q4 was said to be US$10.9 million, compared to US$59.9 million reported in the same period a year ago.
Amtech said it expected to report a “significant loss” in its Q4 results, which will be released around November 20, 2012.
Fokko Pentinga, Amtech's Chief Executive Officer, said: “Revenue for the quarter fell short of our guidance due primarily to the timing of final acceptances on several of our solar equipment installations, some of which were subsequently received in October. While the solar equipment industry continues to be affected by over capacity, we work actively with our Tier 1 customers to support their pursuit of lower costs and higher cell efficiencies. We continue to believe in the longer-term solar opportunity and in our high-end diffusion, ion implanter, new batch PECVD, and N-type technologies.”
Pentinga also said that further cost reduction plans had been implemented in September, which were above and beyond previous plans already implemented this year, though details would not be disclosed until its fiscal year-end conference call.
PV equipment suppliers are being severely impacted by acute manufacturing overcapacity that has led to a massive reduction in capital expenditures and resulted in an historic negative book-to-bill ratio.