Amtech quarterly results show growth in orders and revenues

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Amtech saw US$15.9 million in customer orders for its solar manufacturing business in the three months leading up to December 31st 2016, compared to US11.8 million for the same period a year earlier.

Overall net revenue decreased by 31% compared to the preceding quarter, but at US$29.1 million was 32% higher than the figure for Q1 2016. Solar revenue was reported at US$11.4 million, while Amtech’s solar backlog rose to $US35.8 million compared to the previous quarter’s US$34 million.

The company points to shipment timings and seasonality as causes for the sequential drop in revenue. Increased demand for its PECVD tools and semiconductor equipment is cited as the primary reason for the increased compared to 2016.

Two of Amtech’s subsidiaries, Tempress and SoLayTec, produce equipment for solar manufacturers. “A significant portion of the solar orders in the first quarter were for our new PECVD and N-type diffusion products,” says Amtech CEO Fokko Pentinga. “All of our segments; solar, semiconductor and polishing contributed to achieving breakeven and positive EBITDA.”

Amtech also reported further orders in addition to those received in Q1, including a large turnkey order including PECVD and diffusion systems for a customer in China, the first phase of a 1 GW project. “These orders demonstrate that new Tempress PECVD platform is clearly significant to further strengthening our market position,” concludes Pentinga.