Amtech’s order backlog highest in three years

Facebook
Twitter
LinkedIn
Reddit
Email

PV manufacturing equipment specialist, Amtech Systems has reported its highest level of tool order backlog in three years as part of reporting its fiscal second quarter 2015 financial results. 

Amtech said its order backlog stood at US$56.0 million, which included its solar segment backlog at US$41.4 million at the end of the financial second quarter, compared to US$37.5 million at the end of 2014.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Customer orders in the second quarter of fiscal 2015 were US$30.9 million, which included US$15.8 million in its solar segment, compared to US$21.1 million in the preceding quarter and US$13.6 million in its solar segment in the second quarter of fiscal 2014.

Net revenue for the second quarter of fiscal 2015 was US$24.3 million compared to US$12.4 million in the preceding quarter. The company noted that the increase in revenue was due primarily to higher solar segment revenue and the inclusion of revenue from the acquisition of BTU, since January 30, 2015.

Gross margin in the second quarter of fiscal 2015 was 28%, compared to 23% in the second quarter of fiscal 2014. The net loss for the second quarter was US$2.3 million, compared to a net loss of US$5.2 million in the previous quarter.

Fokko Pentinga, Chief Executive Officer of Amtech, commented, “Bookings continued at a healthy rate in the quarter and our backlog is at the highest level in the last three years.  The mix of product in our backlog, including PECVD, ion implant, and atomic layer deposition systems (ALD), is a direct result of our decision several years ago to invest in expanding the size of our served available markets through product development and acquisition. Global solar installations continue to grow and the balance between supply and demand continues to improve. With strong growth of the market in 2015 and beyond, we see an increase in activity among top tier solar cell manufacturers to expand production both inside and outside of China and we are pleased to fully participate in the industry's selective capacity expansion and technology adaptation.”

Amtech said that it expected fiscal third quarter revenue to be in the range of US$33 to US$35 million, a clear increase over the past quarter. However, the company noted gross margins would be negatively influenced by revenue deferrals due to higher shipment levels, with operating margin slightly negative.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA