INTEVAC INC. overview

Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September 28, 2024. “We are pleased to report third-quarter results favorable to our expectations going into the quarter,” commented Nigel Hunton, president and chief executive officer. “Technology upgrades in support of next-generation HAMR (heat-assisted magnetic recording) media continue to drive the majority of our business, and total revenues from HDD upgrades, spares, and field service...

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, today announced the appointment of Ryan L. Vardeman to its board of directors (the “Board”), effective immediately. Mr. Vardeman is a principal and co-founder of Palogic Value Fund, L.P. (“Palogic”), which is a substantial shareholder of Intevac. “We are pleased to welcome Ryan to the Board,” said Kevin Barber, chair of the Board. “We look forward to Ryan’s contributions as a director and believe...

Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and six months ended July 1, 2023. “2023 has been a year of both immense change for Intevac, as well as tremendous opportunity,” commented Nigel Hunton, president and chief executive officer. “We are excited about continued progress in our joint development program for our groundbreaking TRIO™ platform year to date. Our JDA partner, one of the world’s leading innovators in glass and glass-ceramic materials...

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal second quarter 2023 at approximately 1 p.m. PT (4 p.m. ET) on Wednesday, August 2 nd , 2023. At 1:30 p.m. PT (4:30 p.m. ET) on August 2 nd , Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and reference meeting number 13739934....

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, announced today that the Company has retained investment banking firm Houlihan Lokey Capital, Inc. (“Houlihan Lokey”) to advise management and the board of directors on strategic alternatives. Additionally, the board has formed a strategic committee comprised of independent directors David Dury and Kevin Barber to work with management and Houlihan Lokey in evaluating options to increase stockholder value....

Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the first quarter ended April 1, 2023. Q1 Highlights: Revenue of $11.5 million was at the upper end of expectations, a 3% increase from the previous quarter and up 160% from Q1 of 2022; With gross margin of 41% and operating expenses of $9.2 million, the net loss from continuing operations was $0.16 per share, favorable to expectations; and Continued progress, in partnership with our joint development partner, developing the...

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal first quarter 2023 at approximately 1 p.m. PT (4 p.m. ET) on Wednesday, May 3 rd , 2023. At 1:30 p.m. PT (4:30 p.m. ET) on May 3 rd , Intevac management will host a teleconference to discuss the Company's financial results. To participate in the teleconference, please call toll-free (877) 407-0989 prior to the start time, and reference meeting number 13737389. For...

Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the fiscal fourth quarter and year ended December 31, 2022. Fiscal 2022 Highlights Exceeded financial performance objectives for the year, with $36 million in revenues, 42% gross margins, and solid cash flow performance, resulting in $113 million in total cash, cash equivalents, restricted cash, and investments at year end Record-level orders of $133 million for the year, contributing to year-end backlog of $122 million,...