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Dec 31, 2019
Axcelis Q4 2019 Earnings Report
Reported a significant increase in system revenues and achieved profitability through strategic initiatives.
Key Takeaways
Axcelis Technologies reported strong fourth-quarter results, highlighted by a 94% increase in system revenues. The company's strategic focus on expanding its Purion installed base and managing operating expenses contributed to profitability.
Fourth-quarter revenue reached $107.7 million.
Operating profit for the quarter was $13.2 million.
Net income for the quarter was $9.7 million, or $0.29 per diluted share.
Gross margin for the quarter was 41.1%.
Forward Guidance
For the first quarter of 2020, Axcelis expects revenues of approximately $115 million, gross margin around 37%, and operating profit of approximately $9.5 million, with earnings per diluted share expected to be approximately $0.21.
Positive Outlook
- Expects revenues of approximately $115 million.
- Earnings per diluted share is expected to be approximately $0.21.
Challenges Ahead
- Gross margin in the first quarter is expected to be around 37%.
- Impacted by the planned closure of three evaluation systems in the quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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