Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and nine months ended September 28, 2024. "We are pleased to report third-quarter results favorable to our expectations going into the quarter," commented Nigel Hunton, president and chief executive officer. "Technology upgrades in support of next-generation HAMR (heat-assisted magnetic recording) media continue to drive the majority of our business, and total revenues from HDD upgrades, spares, and field service totaled over $13 million, exceeding our expectations. With an additional $15 million of largely pass-through revenue associated with the transfer of inventory to a customer, the gross margin and earnings

Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Ryan L. Vardeman to its board of directors (the "Board"), effective immediately. Mr. Vardeman is a principal and co-founder of Palogic Value Fund, L.P. ("Palogic"), which is a substantial shareholder of Intevac. "We are pleased to welcome Ryan to the Board," said Kevin Barber, chair of the Board. "We look forward to Ryan's contributions as a director and believe that he will further enhance the strength of our Board as we focus on building value for all stockholders." "I believe that Intevac is an outstanding company," said Mr. Vardeman. "I look forward to working with the

Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal third quarter 2024 at approximately 1 p.m. PT (4 p.m. ET) on Monday, November 11th, 2024. At 1:30 p.m. PT (4:30 p.m. ET) on November 11th, Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and reference meeting number 13748961. For international callers, the dial-in number is +1 (201) 389-0921. You may also listen live via the Internet at https://www.webcast-eqs.com/login/intevac111124 or on the Company's investor relations we

Replacing David S. Dury, Board Chairman Since 2017, as Part of the Company's Planned Succession Strategy Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Kevin Barber as the Company's Board Chairman, effective today. Mr. Barber succeeds David S. Dury, who has served as Board Chairman since 2017 and will remain on the Board until the annual meeting of stockholders in 2025. "I would like to thank David for his meaningful contributions during his time as Board Chairman," commented Nigel Hunton, Intevac's president and chief executive officer. "David has proven to be a critical asset to the Company and has been instrumental in

Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, today announced that it has expanded its Board of Directors with the appointment of industry veteran Eiji Miyanaga, as a new independent director. Mr. Miyanaga most recently served on the board of directors of Ferrotec Holdings Corporation (JASDAQ: 6890), a leading global supplier of advanced materials, components, and precision system solutions used in a broad array of end products, manufacturing systems, and industries, with over $1.5B of sales annually. Mr. Miyanaga spent the majority of the last 30 years serving as CEO of Ferrotec USA, where he transformed the company from a single technology-based busine

Intevac, Inc. (NASDAQ:IVAC, "Intevac" or "the Company"))), a leading supplier of thin-film processing systems, today announced, as required by Nasdaq Stock Market rules, the grant of inducement awards to Cameron McAulay in connection with his appointment as Intevac's new Chief Financial Officer, Secretary and Treasurer in July 2024. Such grants were made under the Intevac, Inc. 2022 Inducement Equity Incentive Plan, which Intevac's board of directors approved and adopted on January 19, 2022, as amended July 1, 2024. As provided for in Mr. McAulay's employment offer letter with Intevac and previously described in the Current Report on Form 8-K filed by Intevac with the Securities and Excha

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and six months ended June 29, 2024. "We witnessed strengthening demand for hard disk drive (HDD) media technology upgrades during the second quarter, and our team in Singapore provided solid execution, which led to revenues well ahead of expectations," commented Nigel Hunton, president and chief executive officer. "Today's media upgrade initiatives, including those in support of the HAMR (heat-assisted magnetic recording) technology transitions now underway, demonstrate Intevac's critical role within the HDD ecosystem. Our flagship 200 Lean® is the world's leading platform for media production, both today and for

Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal second quarter 2024 at approximately 1 p.m. PT (4 p.m. ET) on Monday, August 5th, 2024. At 1:30 p.m. PT (4:30 p.m. ET) on August 5th, Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and reference meeting number 13747605. For international callers, the dial-in number is +1 (201) 389-0921. You may also listen live via the Internet at https://www.webcast-eqs.com/login/intevac080524 or on the Company's investor relations websi

Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Cameron McAulay as the Company's chief financial officer (CFO), effective today. Mr. McAulay succeeds Kevin Soulsby, who has served as interim CFO since August 2023 and today resumes his role as corporate controller for Intevac. Cameron McAulay brings extensive experience in operational finance and over 25 years of financial management expertise to Intevac. Mr. McAulay served as CFO of Transphorm, Inc., a NASDAQ-listed semiconductor company and pioneer in GaN power conversion products, from 2015 until its recent $339M acquisition by Renesas Electronics Corporation. Prior to

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the first quarter ended March 30, 2024. Q1 Highlights: Continued strong demand for technology upgrades for hard disk drive (HDD) media resulted in sales of nearly $10 million and gross margin approaching 44% for the quarter. New orders exceeded $20 million for the quarter, and included HDD technology upgrade bookings from multiple customers, including initial HAMR (heat-assisted magnetic recording) upgrade orders from a leading data storage company. Completed agreement related to payment terms with a major HDD customer. Resolved our JDA agreement in order to work directly with key OEMs and their direct suppliers,

4 - INTEVAC INC (0001001902) (Issuer)

3 - INTEVAC INC (0001001902) (Issuer)

4 - INTEVAC INC (0001001902) (Issuer)

3 - INTEVAC INC (0001001902) (Issuer)

4 - INTEVAC INC (0001001902) (Issuer)

4 - INTEVAC INC (0001001902) (Issuer)

4 - INTEVAC INC (0001001902) (Issuer)

4 - INTEVAC INC (0001001902) (Issuer)

3 - INTEVAC INC (0001001902) (Issuer)

4 - INTEVAC INC (0001001902) (Issuer)

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and nine months ended September 28, 2024. "We are pleased to report third-quarter results favorable to our expectations going into the quarter," commented Nigel Hunton, president and chief executive officer. "Technology upgrades in support of next-generation HAMR (heat-assisted magnetic recording) media continue to drive the majority of our business, and total revenues from HDD upgrades, spares, and field service totaled over $13 million, exceeding our expectations. With an additional $15 million of largely pass-through revenue associated with the transfer of inventory to a customer, the gross margin and earnings

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and six months ended June 29, 2024. "We witnessed strengthening demand for hard disk drive (HDD) media technology upgrades during the second quarter, and our team in Singapore provided solid execution, which led to revenues well ahead of expectations," commented Nigel Hunton, president and chief executive officer. "Today's media upgrade initiatives, including those in support of the HAMR (heat-assisted magnetic recording) technology transitions now underway, demonstrate Intevac's critical role within the HDD ecosystem. Our flagship 200 Lean® is the world's leading platform for media production, both today and for

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the first quarter ended March 30, 2024. Q1 Highlights: Continued strong demand for technology upgrades for hard disk drive (HDD) media resulted in sales of nearly $10 million and gross margin approaching 44% for the quarter. New orders exceeded $20 million for the quarter, and included HDD technology upgrade bookings from multiple customers, including initial HAMR (heat-assisted magnetic recording) upgrade orders from a leading data storage company. Completed agreement related to payment terms with a major HDD customer. Resolved our JDA agreement in order to work directly with key OEMs and their direct suppliers,

Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, today reported financial results for the fiscal fourth quarter and year ended December 30, 2023. Q4 and Fiscal 2023 Highlights Successfully completed TRIO™ development program and achieved qualification of initial TRIO system before year-end 2023. Q4 sales of $12.9 million exceeded prior expectations due to the acceleration of heat-assisted magnetic recording (HAMR) technology upgrades for our hard disk drive (HDD) customers. Total revenues of $52.7 million for fiscal 2023 represented very strong growth of 47% year-over-year. Achieved all-time record sales of HDD upgrades – for both the fiscal third

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and nine months ended September 30, 2023. "We are pleased to deliver third-quarter 2023 results well above our prior expectations, reflecting media technology upgrade initiatives currently underway in the hard disk drive (HDD) industry," commented Nigel Hunton, president and chief executive officer. "Industry leaders are focused on executing the ramp of next-generation media technology, and within this evolving landscape Intevac has emerged as the enabling technology partner for HDD media production. The revenue upside we achieved in Q3 also demonstrates our operational agility and ability to execute to meet cust

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and six months ended July 1, 2023. "2023 has been a year of both immense change for Intevac, as well as tremendous opportunity," commented Nigel Hunton, president and chief executive officer. "We are excited about continued progress in our joint development program for our groundbreaking TRIO™ platform year to date. Our JDA partner, one of the world's leading innovators in glass and glass-ceramic materials for mobile consumer electronics applications, with whom we entered a joint development agreement for the TRIO platform in fiscal 2022, is currently evaluating the TRIO tool built by Intevac. The next step will

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the first quarter ended April 1, 2023. Q1 Highlights: Revenue of $11.5 million was at the upper end of expectations, a 3% increase from the previous quarter and up 160% from Q1 of 2022; With gross margin of 41% and operating expenses of $9.2 million, the net loss from continuing operations was $0.16 per share, favorable to expectations; and Continued progress, in partnership with our joint development partner, developing the TRIO™ platform for the coating of consumer electronics devices. "We are pleased to deliver Q1 revenues at the upper end of our expectations, which is demonstrative of our strong partnerships

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the fiscal fourth quarter and year ended December 31, 2022. Fiscal 2022 Highlights Exceeded financial performance objectives for the year, with $36 million in revenues, 42% gross margins, and solid cash flow performance, resulting in $113 million in total cash, cash equivalents, restricted cash, and investments at year end Record-level orders of $133 million for the year, contributing to year-end backlog of $122 million, establishing the foundation for future revenue growth Entered into a joint development agreement (JDA) with a leading provider of glass and glass ceramic materials, adding a significant new revenue oppo

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and nine months ended October 1, 2022. Q3 Highlights: Total backlog at quarter-end increased to over $110 million Revenues exceeded forecast at $10.8 million Gross margin of 45.5% was above forecast primarily due to favorable mix, and our net loss from continuing operations was above guidance at $0.13 per share Further built upon our balance sheet strength, with $125 million in total cash, cash equivalents, restricted cash, and investments at quarter-end "We are pleased to report financial results exceeding our forecast for the third quarter of 2022, with upside in revenues, gross margin, and net earning

Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and six months ended July 2, 2022. Q2 Highlights: - Total backlog at quarter-end increased to over $100 million - Revenues exceeded forecast at $9.3 million - Gross margin of 48% was above forecast primarily due to favorable mix; and with continued control of expenses, our net loss from continuing operations was reduced to $0.10 per share, an improvement compared to the prior quarter and year-ago period - Maintained strength of balance sheet, with $110 million in total cash, cash equivalents, restricted cash, and investments at quarter-end; with subsequent receipt of customer deposits adding to our cash balance i

8-K - INTEVAC INC (0001001902) (Filer)

10-Q - INTEVAC INC (0001001902) (Filer)

8-K - INTEVAC INC (0001001902) (Filer)

8-K - INTEVAC INC (0001001902) (Filer)

S-8 - INTEVAC INC (0001001902) (Filer)

10-Q - INTEVAC INC (0001001902) (Filer)

8-K - INTEVAC INC (0001001902) (Filer)

8-K - INTEVAC INC (0001001902) (Filer)

SD - INTEVAC INC (0001001902) (Filer)

8-K - INTEVAC INC (0001001902) (Filer)

The Benchmark Company downgraded Intevac from Buy to Hold

The Benchmark Company upgraded Intevac from Hold to Buy and set a new price target of $9.00

Benchmark downgraded Intevac from Buy to Hold

The Benchmark Company downgraded Intevac from Buy to Hold

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13D - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

SC 13G/A - INTEVAC INC (0001001902) (Subject)

Intevac (NASDAQ:IVAC) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.17) by 41.18 percent. This is a 37.5 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $9.631 million which beat the analyst consensus estimate of $6.500 million by 48.17 percent. This is a 16.56 percent decrease over sales of $11.542 million the same period last year.

Intevac (NASDAQ:IVAC) reported its Q4 earnings results on Monday, February 5, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Intevac beat estimated earnings by 41.67%, reporting an EPS of $-0.07 versus an estimate of $-0.12. Revenue was up $1.65 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.13 which was followed by a 11.54% increase in the share price the next day. Here's a look at Intevac's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.13 -0.21 -0.18 -0.18 EPS Actual 0 -0.19 -0.16 -0.13 Revenue Estimate 12.50M 8.50M 11.25M 10.00M Revenue Actual 17.91

Intevac (NASDAQ:IVAC) reported quarterly losses of $(0.07) per share which beat the analyst consensus estimate of $(0.12) by 41.67 percent. This is a 46.15 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $12.91 million which beat the analyst consensus estimate of $9.70 million by 33.05 percent. This is a 14.63 percent increase over sales of $11.26 million the same period last year.

Companies Reporting Before The Bell • NAPCO Security Techs (NASDAQ:NSSC) is estimated to report quarterly earnings at $0.26 per share on revenue of $43.92 million. • Affiliated Managers Group (NYSE:AMG) is projected to report quarterly earnings at $5.98 per share on revenue of $524.15 million. • Sphere Entertainment (NYSE:SPHR) is expected to report quarterly loss at $0.85 per share on revenue of $300.23 million. • Bowlero (NYSE:BOWL) is estimated to report quarterly earnings at $0.12 per share on revenue of $300.52 million. • ON Semiconductor (NASDAQ:ON) is estimated to report quarterly earnings at $1.21 per share on revenue of $2.00 billion. • Tyson Foods (NYSE:TSN) is likely to repo

Intevac (NASDAQ:IVAC) is set to give its latest quarterly earnings report on Monday, 2024-02-05. Here's what investors need to know before the announcement. Analysts estimate that Intevac will report an earnings per share (EPS) of $-0.12. Intevac bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.13, which was followed by a 11.54% increase in the share price th

Intevac (NASDAQ:IVAC) reported quarterly sales of $17.91 million which beat the analyst consensus estimate of $12.50 million by 43.32 percent. This is a 66.65 percent increase over sales of $10.75 million the same period last year.

Intevac (NASDAQ:IVAC) reported quarterly sales of $17.91 million which beat the analyst consensus estimate of $12.50 million by 43.32 percent. This is a 66.65 percent increase over sales of $10.75 million the same period last year.

Companies Reporting Before The Bell • GSK (NYSE:GSK) is expected to report quarterly earnings at $1.07 per share on revenue of $9.37 billion. • Ballys (NYSE:BALY) is estimated to report quarterly loss at $0.08 per share on revenue of $638.03 million. • Wingstop (NASDAQ:WING) is projected to report quarterly earnings at $0.51 per share on revenue of $108.72 million. • Seagen (NASDAQ:SGEN) is projected to report quarterly earnings at $0.80 per share on revenue of $634.14 million. • TG Therapeutics (NASDAQ:TGTX) is expected to report quarterly earnings at $0.12 per share on revenue of $46.56 million. • Mastech Digital (AMEX:MHH) is likely to report quarterly earnings at $0.13 per share on

Intevac (NASDAQ:IVAC) reported quarterly losses of $(0.19) per share which beat the analyst consensus estimate of $(0.21) by 9.52 percent. This is a 90 percent decrease over losses of $(0.10) per share from the same period last year. The company reported quarterly sales of $10.30 million which beat the analyst consensus estimate of $8.50 million by 21.19 percent. This is a 10.68 percent increase over sales of $9.31 million the same period last year.