TEMPE, Ariz., May 9, 2019 /PRNewswire/ -- Amtech Systems,
Inc. (NASDAQ: ASYS), a manufacturer of capital equipment, including
thermal processing and wafer handling automation, and related
consumables used in fabricating semiconductor devices,
light-emitting diodes (LEDs), silicon carbide (SiC) and silicon
power chips and solar cells, today reported results for its second
quarter ended March 31, 2019.
On March 28, 2019, the Company
adopted a plan to sell the majority of the Solar segment to include
Tempress and SoLayTec. As a result, the Company is reporting
those subsidiaries as discontinued operations beginning with its
second quarter results. Including discontinued operations, the
Company had $28.8 million of revenue,
gross margin of 24%, and operating loss of $5.3 million for the quarter ended March 31, 2019. The remainder of this release,
including the Outlook section below, relates only to the results
from continuing operations.
Second Quarter Fiscal 2019 Financial and Operational
Highlights from Continuing Operations:
- Net revenue of $20.6 million
- Income from continuing operations, net of tax, of $1.0 million
- Income per diluted share from continuing operations of
$0.07
- Customer orders of $19.3
million
- March 31, 2019 backlog of
$22.0 million
- Book to bill ratio of 0.9:1
- Unrestricted cash of $47.9
million
Mr. J.S. Whang, Executive Chairman and Chief Executive Officer
of Amtech, commented, "With the announced plans to divest our solar
businesses, we are increasing our effort and focus on our
semiconductor and SiC/LED businesses, and future opportunities,
which we believe will best position Amtech Group for profitable
growth over the long-term."
Mr. Whang continued, "Despite a softening semi industry
environment, our core semiconductor business continues to see a
solid base level of demand. We are benefiting from the
strength in the North American market while also experiencing tough
period-to-period comparisons as the industry is impacted by
softening demand from Asia,
particularly in China. Our objective is to maintain our
market share through the cycle, and we believe we are well
positioned to do so. We are meeting with our customers to ensure we
fully understand their current needs and longer-term objectives.
These planning discussions suggest opportunity for us when the
market turns up and further validates our semiconductor and SiC/LED
businesses are well positioned to benefit in the near and longer
term as demand for increasingly robust power chips continues to
expand. In order to manage the current and anticipated future
growth we are expanding SiC/LED capacity."
Net revenue for the second quarter of fiscal 2019 was
$20.6 million compared to
$23.2 million in the preceding
quarter and $21.1 million in the
second quarter of fiscal 2018. Sequentially, Semiconductor revenue
decreased by approximately $2.9
million due primarily to quarter-to-quarter variability of
orders and delivery schedules established by one customer. SiC/LED
revenue increased by approximately $0.3
million due primarily to increased machine sales. Compared
to prior year, Semi net revenue decreased by approximately
$0.5 million due primarily to
weakness in the China market,
while SiC/LED revenue decreased slightly, by approximately
$0.3 million, due primarily to higher
initial sales of consumable products in the second quarter of
fiscal 2018.
Unrestricted cash and cash equivalents at our continuing
operations at March 31, 2019 were $47.9
million, compared to $45.9
million at September 30, 2018.
At March 31, 2019, our total backlog was $22.0 million, compared to total backlog of
$23.7 million at December 31,
2018. Backlog includes customer orders that are expected to ship
within the next 12 months. The nature and composition of our
backlog from continuing operations reflects shorter lead times and
lower risk of cancellation when compared to previous quarters that
included solar orders.
Gross margin in the second quarter of fiscal 2019 was 38%,
compared to 39% in the preceding quarter and 41% in the second
quarter of fiscal 2018. Sequentially and compared to prior
year, gross margins decreased primarily due to product mix, most
notably, the type and volume of equipment and consumables sold in
each quarter.
Selling, general and administrative expense ("SG&A") in the
second quarter of fiscal 2019 was $5.8
million, compared to $6.6
million in the preceding quarter and $6.3 million in the second quarter of fiscal
2018. Sequentially and compared to prior year, SG&A
decreased primarily due to lower headcount, employee-related
expenses and professional fees.
Restructuring expense was $0.2
million in the second quarter of fiscal 2019, and
$0.9 million in the preceding
quarter. We did not have any restructuring expense in the second
quarter of fiscal 2018.
Research, development and engineering (RD&E) expense was
$0.7 million in the second quarter of
fiscal 2019 compared to $0.9 million
in the preceding quarter and $0.8
million in the second quarter of fiscal 2018.
Income tax expense in the second quarter of fiscal 2019 was
$0.3 million compared to $0.6 million in the preceding quarter and
$0.4 million in the second quarter of
fiscal 2018.
Income from continuing operations, net of tax, for the second
quarter of fiscal 2019 was $1.0
million, or $0.07 per share,
compared to $1.1 million, or
$0.07 per share, for the second
quarter of fiscal 2018 and $0.2
million, or $0.02 per share,
in the preceding quarter.
Outlook
For the quarter ending June 30,
2019, the Company expects continuing softness in the
semiconductor equipment industry to result in revenue to be in the
range of $19 to $21 million. Gross margin for the quarter ending
June 30, 2019 is expected to be in
the mid to upper 30 percent range, with operating margin in the low
single digits.
The semiconductor equipment industries can be cyclical and
inherently impacted by changes in market demand. Additionally,
operating results can be significantly impacted, positively or
negatively, by the timing of orders, system shipments, and the
financial results of semiconductor manufacturers.
A substantial portion of Amtech's revenues are denominated in
Renminbis. The revenue outlook provided in this press release
is based on an assumed exchange rate between the United States
Dollar and the Renminbi. A significant decrease in the value
of the Renminbi in relation to the United States Dollar could cause
actual revenue to be lower than anticipated.
Conference Call
Amtech Systems will host a conference call and webcast today at
5:00 p.m. ET to discuss second
quarter financial results. Those in the USA wishing to participate in the live call
should dial (844) 868-9329. From Canada, dial (866) 605-3852, and
internationally, dial (412) 317-6703. Request "Amtech" when
connected to the operator. A replay of the call will be
available one hour after the end of the conference call through
May 16, 2019. To access the
replay please dial US toll free (877) 344-7529 and enter code
10130710. Internationally, dial (412) 317-0088 and use the
same code. A live and archived web cast of the conference
call can be accessed in the investor relations section of Amtech's
website at www.amtechsystems.com.
About Amtech Systems, Inc.
Amtech Systems, Inc. is a global supplier of advanced thermal
processing and polishing equipment and related consumables to the
semiconductor / electronics, power IC businesses, and advanced
lighting manufacturing markets. Amtech's equipment includes
diffusion, solder reflow systems, wafer handling automation, and
polishing equipment and related consumables for surface preparation
of various materials, including silicon carbide ("SiC"), sapphire
and silicon. The Company's wafer handling, thermal processing,
polishing and consumable products currently address the diffusion,
oxidation, and deposition steps used in the fabrication of
semiconductors, printed circuit boards, semiconductor packaging,
MEMS, and advanced lighting, including the polishing of newly
sliced sapphire and silicon wafers. Amtech's products are
recognized under the leading brand names BTU International, Bruce
Technologies™, PR Hoffman™, and R2D
Automation™.
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this press release is
forward-looking in nature. All statements in this press release, or
made by management of Amtech Systems, Inc. and its subsidiaries
("Amtech"), other than statements of historical fact, are hereby
identified as "forward-looking statements" (as such term is defined
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended).
The forward-looking statements in this press release relate only to
events or information as of the date on which the statements are
made in this press release. Examples of forward-looking
statements include statements regarding Amtech's future financial
results, operating results, business strategies, projected costs,
products under development, competitive positions, plans and
objectives of Amtech and its management for future operations,
efforts to improve operational efficiencies and effectiveness and
greater China sourcing. In
some cases, forward-looking statements can be identified by
terminology such as "may," "will," "should," "would," "expects,"
"plans," "anticipates," "intends," "believes," "estimates,"
"predicts," "potential," "continue," or the negative of these terms
or other comparable terminology used in this press release or by
our management, which are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict. The Form 10-K that Amtech filed with the
Securities and Exchange Commission (the "SEC") for the year-ended
September 30, 2018, listed various important factors that
could affect the company's future operating results and financial
condition and could cause actual results to differ materially from
historical results and expectations based on forward-looking
statements made in this document or elsewhere by Amtech or on its
behalf. These factors can be found under the heading "Risk
Factors" in the Form 10-K and investors should refer to them.
Because it is not possible to predict or identify all such factors,
any such list cannot be considered a complete set of all potential
risks or uncertainties. Except as required by law, we
undertake no obligation to publicly update forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Contacts:
Amtech Systems,
Inc.
Lisa D.
Gibbs
Chief Financial
Officer
(480)
967-5146
irelations@amtechsystems.com
|
Christensen
Investor
Relations
Patty
Bruner
(480)
201-6075
pbruner@christensenir.com
|
AMTECH SYSTEMS,
INC.
|
(NASDAQ:
ASYS)
|
May 9,
2019
|
(Unaudited)
|
|
Summary Financial
Information for Continuing Operations
|
(in thousands,
except percentages and ratios)
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Six Months Ended
March 31,
|
|
March 31,
2019
|
December 31,
2018
|
March 31,
2018
|
|
2019
|
2018
|
Amtech Systems,
Inc.
|
|
|
|
|
|
|
Revenues, net of returns and allowances
|
$
|
20,633
|
|
$
|
23,225
|
|
$
|
21,115
|
|
|
$
|
43,858
|
|
$
|
48,231
|
|
Gross
profit
|
$
|
7,927
|
|
$
|
9,020
|
|
$
|
8,582
|
|
|
$
|
16,947
|
|
$
|
18,542
|
|
Gross
margin
|
38
|
%
|
39
|
%
|
41
|
%
|
|
39
|
%
|
38
|
%
|
Operating income
|
$
|
1,248
|
|
$
|
664
|
|
$
|
1,485
|
|
|
$
|
1,912
|
|
$
|
4,346
|
|
New
orders
|
$
|
19,325
|
|
$
|
20,613
|
|
$
|
22,848
|
|
|
$
|
39,938
|
|
$
|
53,728
|
|
Book-to-bill ratio
|
0.9:1
|
|
0.9:1
|
|
1.1:1
|
|
|
0.9:1
|
|
1.1:1
|
|
Backlog
|
$
|
21,991
|
|
$
|
23,656
|
|
$
|
30,376
|
|
|
$
|
21,991
|
|
$
|
30,376
|
|
Semiconductor
Segment
|
|
|
|
|
|
|
Revenues, net of returns and allowances
|
$
|
16,053
|
|
$
|
18,960
|
|
$
|
16,582
|
|
|
$
|
35,013
|
|
$
|
37,473
|
|
Gross
profit
|
$
|
6,443
|
|
$
|
7,490
|
|
$
|
7,075
|
|
|
$
|
13,933
|
|
$
|
14,563
|
|
Gross
margin
|
40
|
%
|
40
|
%
|
43
|
%
|
|
40
|
%
|
39
|
%
|
Operating income
|
$
|
1,732
|
|
$
|
2,745
|
|
$
|
2,257
|
|
|
$
|
4,477
|
|
$
|
5,261
|
|
New
orders
|
$
|
15,469
|
|
$
|
16,094
|
|
$
|
19,227
|
|
|
$
|
31,563
|
|
$
|
44,519
|
|
Book-to-bill ratio
|
0.9:1
|
|
0.8:1
|
|
1.2:1
|
|
|
0.9:1
|
|
1.2:1
|
|
Backlog
|
$
|
17,286
|
|
$
|
18,158
|
|
$
|
26,366
|
|
|
$
|
17,286
|
|
$
|
26,366
|
|
SiC/LED
Segment
|
|
|
|
|
|
|
Revenues, net of returns and allowances
|
$
|
3,273
|
|
$
|
2,983
|
|
$
|
3,603
|
|
|
$
|
6,256
|
|
$
|
7,126
|
|
Gross
profit
|
$
|
1,262
|
|
$
|
1,224
|
|
$
|
1,540
|
|
|
$
|
2,486
|
|
$
|
3,076
|
|
Gross
margin
|
39
|
%
|
41
|
%
|
43
|
%
|
|
40
|
%
|
43
|
%
|
Operating income
|
$
|
877
|
|
$
|
769
|
|
$
|
1,111
|
|
|
$
|
1,646
|
|
$
|
2,215
|
|
New
orders
|
$
|
3,133
|
|
$
|
3,744
|
|
$
|
2,532
|
|
|
$
|
6,877
|
|
$
|
7,233
|
|
Book-to-bill ratio
|
1.0:1
|
|
1.3:1
|
|
0.7:1
|
|
|
1.1:1
|
|
1.0:1
|
|
Backlog
|
$
|
3,311
|
|
$
|
3,456
|
|
$
|
1,794
|
|
|
$
|
3,311
|
|
$
|
1,794
|
|
Automation
Segment
|
|
|
|
|
|
|
Revenues, net of returns and allowances
|
$
|
1,307
|
|
$
|
1,282
|
|
$
|
930
|
|
|
$
|
2,589
|
|
$
|
3,632
|
|
Gross
profit (loss)
|
$
|
222
|
|
$
|
306
|
|
$
|
(33)
|
|
|
$
|
528
|
|
$
|
903
|
|
Gross
margin
|
17
|
%
|
24
|
%
|
(4)
|
%
|
|
20
|
%
|
25
|
%
|
Operating loss
|
$
|
(116)
|
|
$
|
(224)
|
|
$
|
(483)
|
|
|
$
|
(340)
|
|
$
|
(36)
|
|
New
orders
|
$
|
723
|
|
$
|
775
|
|
$
|
1,089
|
|
|
$
|
1,498
|
|
$
|
1,976
|
|
Book-to-bill ratio
|
0.5:1
|
|
0.6:1
|
|
1.2:1
|
|
|
0.6:1
|
|
0.6:1
|
|
Backlog
|
$
|
1,394
|
|
$
|
2,042
|
|
$
|
2,216
|
|
|
$
|
1,394
|
|
$
|
2,216
|
|
AMTECH SYSTEMS,
INC.
|
(NASDAQ:
ASYS)
|
May 9,
2019
|
(Unaudited)
|
|
Condensed
Consolidated Statements of Operations
|
(in thousands,
except per share data)
|
|
|
|
|
|
|
|
|
|
Three Months Ended
March 31,
|
|
Six Months Ended
March 31,
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
Revenues, net of
returns and allowances
|
$
|
20,633
|
|
|
$
|
21,115
|
|
|
$
|
43,858
|
|
|
$
|
48,231
|
|
Cost of
sales
|
12,706
|
|
|
12,533
|
|
|
26,911
|
|
|
29,689
|
|
Gross
profit
|
7,927
|
|
|
8,582
|
|
|
16,947
|
|
|
18,542
|
|
|
|
|
|
|
|
|
|
Selling, general and
administrative
|
5,793
|
|
|
6,319
|
|
|
12,419
|
|
|
12,743
|
|
Research, development
and engineering
|
713
|
|
|
778
|
|
|
1,579
|
|
|
1,453
|
|
Restructuring
charges
|
173
|
|
|
—
|
|
|
1,037
|
|
|
—
|
|
Operating
income
|
1,248
|
|
|
1,485
|
|
|
1,912
|
|
|
4,346
|
|
|
|
|
|
|
|
|
|
Income from equity
method investment
|
—
|
|
|
28
|
|
|
—
|
|
|
2
|
|
Interest and other
income (expense), net
|
96
|
|
|
(32)
|
|
|
262
|
|
|
(14)
|
|
Income from
continuing operations before income taxes
|
1,344
|
|
|
1,481
|
|
|
2,174
|
|
|
4,334
|
|
Income tax
provision
|
332
|
|
|
420
|
|
|
914
|
|
|
1,572
|
|
Income from
continuing operations, net of tax
|
1,012
|
|
|
1,061
|
|
|
1,260
|
|
|
2,762
|
|
(Loss) income from
discontinued operations, net of tax
|
(6,647)
|
|
|
1,774
|
|
|
(9,267)
|
|
|
6,525
|
|
Net (loss)
income
|
$
|
(5,635)
|
|
|
$
|
2,835
|
|
|
$
|
(8,007)
|
|
|
$
|
9,287
|
|
|
|
|
|
|
|
|
|
(Loss) Income Per
Basic Share:
|
|
|
|
|
|
|
|
Basic income per
share from continuing operations
|
$
|
0.07
|
|
|
$
|
0.07
|
|
|
$
|
0.09
|
|
|
$
|
0.19
|
|
Basic (loss) income
per share from discontinued operations
|
$
|
(0.47)
|
|
|
$
|
0.12
|
|
|
$
|
(0.65)
|
|
|
$
|
0.44
|
|
Net (loss) income per
basic share
|
$
|
(0.40)
|
|
|
$
|
0.19
|
|
|
$
|
(0.56)
|
|
|
$
|
0.63
|
|
|
|
|
|
|
|
|
|
(Loss) Income Per
Diluted Share:
|
|
|
|
|
|
|
|
Diluted income per
share from continuing operations
|
$
|
0.07
|
|
|
$
|
0.07
|
|
|
$
|
0.09
|
|
|
$
|
0.18
|
|
Diluted (loss) income
per share from discontinued operations
|
$
|
(0.47)
|
|
|
$
|
0.12
|
|
|
$
|
(0.65)
|
|
|
$
|
0.43
|
|
Net (loss) income per
diluted share
|
$
|
(0.40)
|
|
|
$
|
0.19
|
|
|
$
|
(0.56)
|
|
|
$
|
0.61
|
|
|
|
|
|
|
|
|
|
Weighted average
shares outstanding - Basic
|
14,228
|
|
|
14,891
|
|
|
14,224
|
|
|
14,835
|
|
Weighted average
shares outstanding - Diluted
|
14,258
|
|
|
15,154
|
|
|
14,255
|
|
|
15,223
|
|
AMTECH SYSTEMS,
INC.
|
(NASDAQ:
ASYS)
|
May 9,
2019
|
(unaudited)
|
|
Condensed
Consolidated Balance Sheets
|
(in thousands,
except share data)
|
|
|
March
31, 2019
|
|
September
30, 2018
|
Assets
|
|
|
|
|
Current
Assets
|
|
|
|
|
Cash and cash
equivalents
|
|
$
|
47,921
|
|
|
$
|
45,897
|
|
Restricted
cash
|
|
502
|
|
|
18
|
|
Accounts
receivable
|
|
|
|
|
Trade (less allowance
for doubtful accounts of $444 and $454 at March 31, 2019, and
September 30, 2018, respectively)
|
|
17,093
|
|
|
17,985
|
|
Unbilled and
other
|
|
—
|
|
|
291
|
|
Inventory
|
|
19,272
|
|
|
17,835
|
|
Contract
assets
|
|
107
|
|
|
—
|
|
Held-for-sale
assets
|
|
25,977
|
|
|
45,322
|
|
Other current
assets
|
|
2,091
|
|
|
2,884
|
|
Total current
assets
|
|
112,963
|
|
|
130,232
|
|
Property, Plant
and Equipment - Net
|
|
10,180
|
|
|
10,509
|
|
Intangible Assets
- Net
|
|
1,000
|
|
|
1,131
|
|
Goodwill -
Net
|
|
6,633
|
|
|
6,633
|
|
Other
Assets
|
|
828
|
|
|
901
|
|
Total
Assets
|
|
$
|
131,604
|
|
|
$
|
149,406
|
|
Liabilities and
Shareholders' Equity
|
|
|
|
|
Current
Liabilities
|
|
|
|
|
Accounts
payable
|
|
$
|
6,128
|
|
|
$
|
6,867
|
|
Accrued compensation
and related taxes
|
|
3,604
|
|
|
3,359
|
|
Accrued warranty
expense
|
|
530
|
|
|
644
|
|
Other accrued
liabilities
|
|
1,171
|
|
|
667
|
|
Current maturities of
long-term debt
|
|
356
|
|
|
350
|
|
Contract
liabilities
|
|
2,015
|
|
|
1,519
|
|
Income taxes
payable
|
|
2,630
|
|
|
2,357
|
|
Held-for-sale
liabilities
|
|
21,965
|
|
|
31,798
|
|
Total current
liabilities
|
|
38,399
|
|
|
47,561
|
|
Long-Term
Debt
|
|
5,361
|
|
|
5,542
|
|
Income Taxes
Payable
|
|
3,147
|
|
|
3,213
|
|
Total
Liabilities
|
|
46,907
|
|
|
56,316
|
|
Commitments and
Contingencies
|
|
|
|
|
Shareholders'
Equity
|
|
|
|
|
Preferred stock;
100,000,000 shares authorized; none issued
|
|
—
|
|
|
—
|
|
Common stock; $0.01
par value; 100,000,000 shares authorized; shares issued and
outstanding: 14,227,580 and 14,216,596 at March 31, 2019, and
September 30, 2018, respectively
|
|
142
|
|
|
142
|
|
Additional paid-in
capital
|
|
124,716
|
|
|
124,316
|
|
Accumulated other
comprehensive loss
|
|
(10,760)
|
|
|
(9,974)
|
|
Retained
deficit
|
|
(29,401)
|
|
|
(21,394)
|
|
Total shareholders'
equity
|
|
84,697
|
|
|
93,090
|
|
Total Liabilities
and Shareholders' Equity
|
|
$
|
131,604
|
|
|
$
|
149,406
|
|
AMTECH SYSTEMS,
INC.
|
(NASDAQ:
ASYS)
|
May 9,
2019
|
(unaudited)
|
|
Condensed
Consolidated Statements of Cash Flows
|
(in
thousands)
|
|
|
|
|
|
Six Months Ended
March 31,
|
|
2019
|
|
2018
|
Operating
Activities
|
|
|
|
Net (loss)
income
|
$
|
(8,007)
|
|
|
$
|
9,287
|
|
Adjustments to
reconcile net (loss) income to net cash used in operating
activities:
|
|
|
|
Depreciation and
amortization
|
888
|
|
|
916
|
|
Write-down of
inventory
|
2,794
|
|
|
126
|
|
Capitalized
interest
|
106
|
|
|
143
|
|
Deferred income
taxes
|
7
|
|
|
(23)
|
|
Non-cash share-based
compensation expense
|
363
|
|
|
463
|
|
Loss (gain) on sale
of property, plant and equipment
|
9
|
|
|
(57)
|
|
Income from equity
method investment
|
—
|
|
|
(2)
|
|
Provision for
allowance for doubtful accounts, net
|
1,141
|
|
|
48
|
|
Changes in operating
assets and liabilities:
|
|
|
|
Accounts
receivable
|
(1,533)
|
|
|
(3,642)
|
|
Inventory
|
(650)
|
|
|
1,644
|
|
Contract and other
assets
|
10,143
|
|
|
(1,899)
|
|
Accounts
payable
|
(650)
|
|
|
9,097
|
|
Accrued income
taxes
|
216
|
|
|
(2,954)
|
|
Accrued and other
liabilities
|
(378)
|
|
|
423
|
|
Contract
liabilities
|
(7,516)
|
|
|
(31,085)
|
|
Net cash used in
operating activities
|
(3,067)
|
|
|
(17,515)
|
|
Investing
Activities
|
|
|
|
Purchases of
property, plant and equipment
|
(238)
|
|
|
(686)
|
|
Proceeds from sale of
property, plant and equipment
|
—
|
|
|
68
|
|
Net cash used in
investing activities
|
(238)
|
|
|
(618)
|
|
Financing
Activities
|
|
|
|
Proceeds from the
exercise of stock options
|
37
|
|
|
1,340
|
|
Payments on long-term
debt
|
(186)
|
|
|
(183)
|
|
Net cash (used in)
provided by financing activities
|
(149)
|
|
|
1,157
|
|
Effect of Exchange
Rate Changes on Cash, Cash Equivalents and Restricted
Cash
|
(903)
|
|
|
1,372
|
|
Net Decrease in
Cash, Cash Equivalents and Restricted Cash
|
(4,357)
|
|
|
(15,604)
|
|
Cash, Cash
Equivalents and Restricted Cash, Beginning of
Period*
|
62,496
|
|
|
75,761
|
|
Cash, Cash
Equivalents and Restricted Cash, End of Period*
|
$
|
58,139
|
|
|
$
|
60,157
|
|
|
* Includes Cash, Cash
Equivalents and Restricted Cash that are included in Held-For-Sale
Assets on the Condensed Consolidated Balance Sheets.
|
View original
content:http://www.prnewswire.com/news-releases/amtech-reports-second-quarter-fiscal-2019-results-300847588.html
SOURCE Amtech Systems, Inc.