AMTECH SYSTEMS INC

Listed Company

ASYSCIK 0000720500NasdaqNon-AcceleratedSmaller ReportingSpecial Industry Machinery, NecArizonaFY ends Sep 30

Period

FY 2025

Revenue

—

Net Income

$-30.33M

Total Assets

$92.87M

Equity

$53.38M

Shares Out

14.41M

Op. Cash Flow

$7.88M

Business

AMTECH SYSTEMS INC provides equipment, consumables and services for semiconductor device packaging, wafer production and device fabrication. Products include thermal processing systems (reflow ovens, high‑temperature belt and diffusion furnaces) and semiconductor fabrication offerings such as CMP consumables, wafer cleaning systems, carriers, templates, chemicals, parts and services. It reports two segments—Thermal Processing Solutions and Semiconductor Fabrication Solutions—operating through subsidiaries including BTU, PR Hoffman, Intersurface Dynamics, Entrepix and Advanced Compound Materials. It sells worldwide via direct sales, representatives and distributors and manufactures via in‑house and contract facilities in China, North America, Canada and Singapore.

Summary from filing dated 2025-12-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenue, net	79	101	113	106	85
Cost of sales	52	64	73	67	51
Intangible asset impairment	—	849,000	5	—	—
Gross profit	27	36	36	40	35
Selling, general and administrative	29	34	42	28	25
Research, development and engineering	3	4	7	6	6
Loss (gain) on sale of fixed assets	248,000	−2	—	−12	—
Goodwill impairment	20	6	—	—	—
Intangible asset impairment	3	430,000	544,000	—	—
Severance expense	700,000	400,000	700,000	0	86,000
Operating loss	−28	−7	−15	17	4
Interest income	239,000	57,000	366,000	210,000	53,000
Interest expense	−26,000	−557,000	−520,000	−164,000	−239,000
Foreign currency (loss) gain	199,000	−345,000	−89,000	1	−389,000
Other	84,000	63,000	31,000	387,000	284,000
Loss before income taxes	−28	−8	−15	19	3
Income tax provision	2	975,000	−3	1	2
Net Loss	−30	−8	−13	17	2
Net loss per basic share	−2.12	−0.6	−0.89	1.24	0.11
Net loss per diluted share	−2.12	−0.6	−0.89	1.22	0.11
Weighted average shares outstanding - basic	14	14	14	14	14
Weighted average shares outstanding - diluted	14	14	14	14	14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	18	11	13	47	33
Accounts receivable - Net	20	22	27	25	23
Inventories	19	27	35	25	22
Income taxes receivable	80,000	492,000	632,000	—	1
Other current assets	4	4	6	6	2
Total current assets	60	65	81	103	81
Property, Plant and Equipment - Net	10	12	10	7	14
Right-of-Use Assets - Net	18	17	11	11	9
Intangible Assets - Net	1	4	6	758,000	858,000
Goodwill	908,000	21	28	11	11
Deferred Income Taxes - Net	1	185,000	101,000	79,000	631,000
Other Assets	1	884,000	1	783,000	661,000
Total Assets	93	119	137	134	117
Accounts payable	8	5	11	7	8
Accrued compensation and related taxes	2	2	3	4	3
Accrued warranty expense	394,000	602,000	965,000	871,000	545,000
Other accrued liabilities	726,000	477,000	2	900,000	903,000
Current portion of finance lease liabilities and long-term debt	126,000	101,000	2	107,000	396,000
Current portion of long-term operating lease liabilities	2	2	3	2	—
Contract liabilities	6	9	8	7	2
Income taxes payable	2	640,000	—	6,000	—
Total current liabilities	20	20	30	23	15
Finance Lease Liabilities and Long-Term Debt	168,000	189,000	8	220,000	4
Long-Term Operating Lease Liabilities	17	15	9	9	—
Income Taxes Payable	663,000	1	2	3	3
Other Long-Term Liabilities	859,000	57,000	47,000	76,000	102,000
Total Liabilities	39	37	49	35	31
Commitments and Contingencies (Note 14)	—	—	—	—	—
Preferred stock; 100,000,000 shares authorized; none issued	—	—	—	—	—
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 14,354,797 and 14,258,879 in 2025 and 2024, respectively	144,000	143,000	142,000	140,000	143,000
Additional paid-in capital	130	128	127	124	126
Accumulated other comprehensive loss	−959,000	−720,000	−2	−2	14,000
Retained deficit	−76	−46	−37	−24	−41
Total Shareholders Equity	53	82	88	98	86
Total Liabilities and Shareholders Equity	93	119	137	134	117

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	3	3	5	2	1
Write-down of inventory	7	3	3	102,000	544,000
Intangible asset impairment	3	1	5	—	—
Provision for allowance for doubtful accounts	30,000	18,000	14,000	−32,000	44,000
Deferred income taxes	−838,000	−84,000	−3	592,000	−65,000
Non-cash stock-based compensation expense	1	2	1	500,000	400,000
Loss (gain) on sale of fixed assets	248,000	−2	—	−12	—
Accounts receivable	2	4	4	−2	−11
Inventories	2	5	−6	−4	−5
Contract and other assets	3	5	−529,000	−2	−686,000
Accounts payable	2	−5	1	−1	5
Accrued income taxes	733,000	436,000	−3	623,000	353,000
Accrued and other liabilities	−2	−5	−2	584,000	829,000
Contract liabilities	−3	948,000	−1	6	400,000
Net cash provided by operating activities	8	10	−8	5	−6
Purchases of property, plant and equipment	−950,000	−5	−3	−1	−3
Proceeds from sale of property, plant and equipment	38,000	3	6,000	20	—
Net cash used in investing activities	−912,000	−2	−38	19	−8
Proceeds from the exercise of stock options	363,000	85,000	1	720,000	2
Payments on long-term debt	−93,000	−11	−1	−5	−380,000
Borrowings on long-term debt	—	64,000	12	—	—
Payment of payroll taxes on stock-based compensation through shares withheld	—	−111,000	—	—	—
Net cash provided by (used in) financing activities	270,000	−11	12	−8	1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	−417,000	922,000	52,000	−2	656,000
Net Increase (Decrease) in Cash and Cash Equivalents	7	−2	−34	14	−12
Income tax payments, net	1	623,000	3	386,000	2
Interest paid	25,000	558,000	461,000	164,000	241,000
Transfer of inventory to property, plant, and equipment	—	50,000	—	169,000	39,000
Transfer of property, plant, and equipment to inventory	−101,000	−20,000	—	—	—
Payables due for fixed asset additions	257,000	116,000	633,000	152,000	—
Leased assets obtained in exchange for new operating lease liabilities	5	8	57,000	4	4
Leased assets obtained in exchange for new finance lease liabilities	105,000	207,000	46,000	42,000	160,000

Filings

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