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Last $4.86 USD
Change Today +0.16 / 3.40%
Volume 35.2K
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

intevac inc (IVAC) Snapshot

Open
$4.68
Previous Close
$4.70
Day High
$4.89
Day Low
$4.68
52 Week High
12/26/14 - $8.30
52 Week Low
08/27/15 - $4.59
Market Cap
107.6M
Average Volume 10 Days
37.2K
EPS TTM
$-0.91
Shares Outstanding
22.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INTEVAC INC (IVAC)

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intevac inc (IVAC) Details

Intevac, Inc. provides process manufacturing equipment solutions to the hard disk drive industry, and thin-film processing systems to the photovoltaic and adjacent thin-film deposition applications. The company’s Equipment segment designs, manufactures, markets, and services hard disk drive equipment products, such as disk sputtering and disk lubrication systems; and offers technology upgrades, and spare parts and consumables, as well as installation, maintenance, and repair services. Its solar manufacturing products include vacuum process manufacturing solutions for c-Si applications; INTEVAC MATRIX physical vapor deposition systems used in various steps in the manufacture of solar cells, including electrical contacts, conductor layers, reflective layers, and dielectric films; and ENERGi ion implant systems, which enable precision engineering of the dopant elements comprising phosphorous and boron to form the emitter in the solar cell. This segment also provides INTEVAC VERTEX, a vertical physical vapor deposition system for deposition of diamond-like carbon, silicon oxide, and niobium oxide films on glass substrates. The company’s Photonics segment develops, manufactures, and sells digital-optical products for the capture and display of low-light images for use in military aircraft, ground vehicles, soldier head-mounted, and weapon-mounted applications; and offers sensors, cameras, and near-eye display systems for military applications. This segment also provides MicroVista product line of commercial compact and lightweight low-light complementary metal–oxide–semiconductor cameras, which provide high sensitivity in the ultraviolet, visible, or NIR regions of the spectrum for use in industrial inspection, bio-medical, and scientific applications. The company sells its products through direct sales force and distributors in the United States and internationally. Intevac, Inc. was founded in 1990 and is headquartered in Santa Clara, California.

265 Employees
Last Reported Date: 02/18/15
Founded in 1990

intevac inc (IVAC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Founder and Chairman of the Board
Total Annual Compensation: $149.3K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $42.4K
Executive Vice President and General Manager ...
Total Annual Compensation: $278.9K
Executive Vice President and General Manager ...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2014.

intevac inc (IVAC) Key Developments

Intevac Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-25-2015

Intevac Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-25-2015 . Venue: Ritz Carlton Hotel, Chicago, Illinois, United States.

Intevac, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

Intevac Inc. reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported total net revenues of $20,458,000 against $14,715,000 a year ago. Total operating income was $283,000 against total operating loss of $5,246,000 a year ago. Income before income taxes was $270,000 against loss before income taxes of $5,126,000 a year ago. Net income was $12,000 against net loss of $5,007,000 a year ago. Non-GAAP operating income was $109,000 against non-GAAP operating loss of $5,139,000 a year ago. Non-GAAP net loss was $162,000 against $4,900,000 a year ago. Non-GAAP loss per diluted share was $0.01 against $0.20 a year ago. Capital expenditures were $615,000. For the six months, the company's net loss was $2.9 million, or $0.13 per share, compared to a net loss of $9.5 million, or $0.40 per share, for the first six months of 2014. The non-GAAP net loss was $2.9 million or $0.13 per share, compared to the first half 2014 non-GAAP net loss of $9.1 million or $0.38 per share. Revenues were $40.3 million compared to revenues of $31.7 million for the first six months of 2014. Total operating loss was $2,657,000 against $9,970,000 a year ago. Loss before income taxes was $2,591,000 against $9,778,000 a year ago. Non-GAAP operating loss was $2,709,000 against $9,585,000 a year ago. For the third quarter of 2015, the company expects revenue guidance range of $13 million to $17 million. Third quarter gross margin is expected to be between 28% and 29%. Net loss is projected to be in the range of $0.21 to $0.26 per share based on an estimate of 22 million shares. The outlook for the full year of 2015 has improved and now has between 5% and 10% upside from the 2014 revenue level, due mostly to the benefit of additional upgrades have seen in the HDD business in the first half. At this forecasted revenue level, the company continues to expect total gross margin for the year in the range of 32% to 34%. Cash burn for the full year is still expected to be approximately $5 million to $6 million, excluding any cash used for the company's stock repurchase program.

Intevac Inc. Announces New Vertex System Order for Display Cover Panel

Intevac Inc. announced that a new Tier 1 display customer has ordered a VERTEXTM Physical Vapor Deposition (PVD) system. Scheduled to ship in the fourth quarter of 2015, this system will be used to provide enhanced scratch protection on mobile device displays, camera lenses, and glass covers. Intevac capitalized on its expertise in small-substrate processing and protective coatings from the hard drive media market to develop the VERTEX PVD system; offering a high-throughput manufacturing solution, with precise thin-film deposition on small substrates.

 

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Industry Analysis

IVAC

Industry Average

Valuation IVAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.5x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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