Onto Innovation Q4 2019 Earnings Report
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.
Onto Innovation
Onto Innovation
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.