Preliminary third quarter financial year results for equipment supplier, Amtech have reach record levels of approximately US$70 million, a 14% increase over the preceding quarter and 62% increase over the third quarter of fiscal 2010. This is also the fifth consecutive quarter of record revenues Amtech has achieved. Amtech claims a 40% market share of the solar cell diffusion market.
J.S. Whang, Chief Executive Officer of Amtech, commented, “Our preliminary revenue of $70 million for the third quarter represents our fifth consecutive quarter of record revenues and further demonstrates our operational capability to manage and service the high growth cycles of the solar market. We look forward to reporting our final fiscal 2011 third quarter results in August and to the next solar growth cycle.”
The company also noted that its total order backlog as of June 30, 2011, stood at approximately US$140 million. The order backlog also includes deferred revenue but is down from the previous quarter, which stood at a record US$195 million.