Veeco reported a solid quarter with strong top and bottom-line Non-GAAP results. The company's performance was driven by record Semiconductor revenue, and they continue to execute their Laser Annealing growth strategy by winning new customers and applications.
Revenue was $161.6 million, compared to $164.0 million in the same period last year.
GAAP net loss was $85.3 million, or $1.61 loss per diluted share, which included a $97.1 million loss related to debt refinancing.
Non-GAAP net income was $20.6 million, or $0.36 per diluted share.
The company continues to execute their Laser Annealing growth strategy in advanced node logic and memory by winning new customers and applications.
Veeco provided guidance for the third quarter of 2023.
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