Last $17.92 USD
Change Today -2.80 / -13.51%
Volume 3.8M
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As of 8:10 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

ultratech inc (UTEK) Key Developments

Ultratech, Inc. to Report Q3, 2014 Results on Oct 23, 2014

Ultratech, Inc. announced that they will report Q3, 2014 results at 8:00 AM, Pacific Standard Time on Oct 23, 2014

Ultratech, Inc., Q3 2014 Earnings Call, Oct 23, 2014

Ultratech, Inc., Q3 2014 Earnings Call, Oct 23, 2014

Ultratech, Inc. Presents at Drexel Hamiliton Telecom, Media & Technology Conference, Sep-03-2014 03:30 PM

Ultratech, Inc. Presents at Drexel Hamiliton Telecom, Media & Technology Conference, Sep-03-2014 03:30 PM. Venue: The W Hotel, 541 Lexington Avenue, New York, New York, United States. Speakers: Bruce R. Wright, Chief Financial Officer, Principal Accounting Officer, Senior Vice President of Finance and Secretary.

Ultratech, Inc. Presents at Imperial Capital 8th Annual Global Opportunities Conference, Sep-18-2014 10:00 AM

Ultratech, Inc. Presents at Imperial Capital 8th Annual Global Opportunities Conference, Sep-18-2014 10:00 AM. Venue: Waldorf Astoria New York, 301 Park Avenue, New York, NY 10022, United States.

Ultratech, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Second Half and Full Year of 2014

Ultratech, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported total net sales of $36.837 million against $42.866 million a year ago. Operating loss was $4.083 million against operating income of $1.113 million a year ago. Loss before income taxes was $3.978 million against income before income taxes of $0.940 million a year ago. Net loss was $3.890 million or $0.14 per diluted share against net income of $0.856 million or $0.03 per diluted share a year ago. Book value per share at June 30, 2014, was $13.60, up from $13.59 at March 31, 2014. For the six months, the company reported total net sales of $68.446 million against $103.512 million a year ago. Operating loss was $11.271 million against operating income of $14.189 million a year ago. Loss before income taxes was $10.851 million against income before income taxes of $14.112 million a year ago. Net loss was $10.861 million or $0.38 per diluted share against net income of $14.548 million or $0.51 per diluted share a year ago. From a guidance perspective, the fourth quarter of 2013 continues to look like the low point of the last business cycle for Ultratech. Both the first quarter of 2014 and the second quarter of 2014 showed sequential revenue growth, and The company anticipates the same for the third quarter of 2014 and the fourth quarter of 2014. The sequential revenue growth in the third quarter of 2014 looks to be higher by around 25% to 30%, compared to the second quarter of 2014. Gross margin could increase by another couple of percentage points. The tax rate should be around 10% to 15%. EPS looks to be in the range of a slight loss to breakeven, and cash flow is anticipated to be positive. With positive book-to-bill and increasing order activity, the company is expecting a strong second half of the year, particularly the fourth quarter, when it expects to benefit from ramping FinFET production and advanced packaging. Revenue growth for 2014, at this current moment, looks to be about 15% to 25% compared to 2013. Gross margin should be increasing with each sequential quarter and could average near 50% for the entire year. The company estimates the tax rate for the year to be about 5%. Cash flow is anticipated to be positive.

 

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