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Dec 31, 2019
Onto Innovation Q4 2019 Earnings Report
Reported financial results for the first period since the completion of the merger between Nanometrics Incorporated and Rudolph Technologies.
Key Takeaways
Onto Innovation reported fourth-quarter revenue of $120.6 million. GAAP net loss for the fourth quarter of 2019 was ($17.8) million, or ($0.41) per diluted share. Fourth quarter 2019 non-GAAP net income was $18.1 million, or $0.41 per diluted share.
Completed merger between Nanometrics and Rudolph Technologies on October 25, 2019.
Q4 revenue was $120.6 million, excluding approximately $10 million in shipments from Nanometrics prior to the merger and $1.7 million in deferred revenue eliminated in merger accounting.
Q4 GAAP diluted EPS was ($0.41); Non-GAAP diluted EPS was $0.41, at the high end of guidance including stock-based compensation expense.
Cash and marketable securities totaled $320 million, after the payment of $25 million in merger-related expenses.
Forward Guidance
The Company is currently anticipating revenue for the first quarter 2020 to be $136 million plus/minus 6%. Within this revenue range the Company is expecting a GAAP net loss per diluted share to be in the range of ($0.22) to ($0.04) and non-GAAP net income per diluted share to be in the range of $0.23 to $0.41.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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