Amtech’s quarterly solar revenue tops US$22 million

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Amtech reported fiscal fourth quarter Solar segment sales of US$22.6 million, up from US$19 million in the previous quarter.

Specialist PV manufacturing equipment supplier Amtech Systems reported Solar segment sales of US$22.6 million in its fiscal fourth quarter of 2016, resulting in full-year preliminary Solar segment sales of US$60.9 million, up from US$51.8 million in 2015. 

Amtech reported fiscal fourth quarter Solar segment sales of US$22.6 million, up from US$19 million in the previous quarter. 

Solar segment new orders totalled US$11.8 million, down from US$13.2 million in the previous quarter, expected to be due to the sudden slow down in calendar year third quarter new capacity expansion announcements triggered by a major slowdown in Chinese end market demand and fears of overcapacity. 

Amtech reported that its Solar segment order backlog stood at US$34.0 million at the end of its fiscal fourth quarter, down from US$45.3 million in the previous quarter. The order backlog remains strong, compared to the prior year period when order backlog stood at US$19.6 million.

Fokko Pentinga, Chief Executive Officer of Amtech, commented, “We are seeing a high level of interest in our newly introduced next generation technology solutions.  There has been strong quoting activity throughout this past year which is translating to bookings including those for our new high throughput PECVD and ALD systems.  We shipped our first combined PECVD and ALD PERC solution to a top-tier customer in November 2016. The market is showing interest in selective capacity expansion needs, line upgrades, and high-efficiency technology adaptation to ensure competitiveness and long-term profitable growth.”

The company reported gross margin of 29%, level with the previous quarter, while gross margins were higher in its Semiconductor segment, compared to Solar segment margins that were impacted by higher revenue deferrals. Order backlog includes deferred revenue and orders that are expected to ship within the next 12 months.

Amtech reported a net loss of US$0.3 million in the quarter, compared to a net loss of US$1.2 million in the previous quarter. Total preliminary loss for the fiscal year was US$7 million.

Amtech said that it expected total revenue in the next quarter to be in the range of US$25 to US$27 million and total gross margin to be in the mid 20s percent range.

Read Next

PV Tech Premium
April 12, 2021
Mark Osborne details how Solar Module Super League (SMSL) major JinkoSolar is transforming its manufacturing base, moving from an asset-lite model to one more vertically integrated.
March 12, 2021
LONGi Solar is planning to build a new 5GW high-efficiency monocrystalline solar cell plant in Yinchuan, China.
March 3, 2021
Major polysilicon and solar cell producer Tongwei Group has begun ramping the final cell lines at its 15GW Meishen production hub in Sichuan Province, with the facility now the largest single site for solar production in the world.
February 2, 2021
Large-wafer size producer Tianjin Zhonghuan Semiconductor (TZS) is to build a new 50GW 210mm (G12) mono-wafer manufacturing hub in Ningxia Hui Autonomous Region at a cost of around RMB12 Billion (US$1.86 billion).
February 2, 2021
The solar industry's two largest enterprises, GCL and LONGi have signed a major polysilicon supply deal, the first time the rivals have entered into a major business deal together.
February 1, 2021
Panasonic has announced plans to withdraw from manufacturing heterojunction (HJT) cells and modules with the closure of its manufacturing plants in Malaysia and Shimane Prefecture, Japan.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 11, 2021
Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021