Last €9.36 EUR
Change Today +0.51 / 5.81%
Volume 545.0
As of 3:12 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

gt advanced technologies inc (DM2) Snapshot

Open
€9.00
Previous Close
€8.85
Day High
€9.36
Day Low
€9.00
52 Week High
07/2/14 - €14.94
52 Week Low
09/17/13 - €4.94
Market Cap
1.3B
Average Volume 10 Days
16.1K
EPS TTM
--
Shares Outstanding
137.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GT ADVANCED TECHNOLOGIES INC (DM2)

gt advanced technologies inc (DM2) Related Businessweek News

No Related Businessweek News Found

gt advanced technologies inc (DM2) Details

GT Advanced Technologies Inc., a technology company, provides materials and equipment for the solar, light emitting diode (LED), and electronics industries worldwide. The company operates through three segments: Sapphire, Polysilicon, and Photovoltaic (PV). The Sapphire segment provides advanced sapphire crystallization furnace systems used to produce sapphire boules; and sapphire materials for a range of other industrial and consumer applications, including medical devices, dental, oil and gas, and watch crystals, as well as specialty optical applications, such as low absorption optical sapphire for advanced optics and Titanium-doped sapphire material for high power lasers. The Polysilicon segment offers silicon deposition reactors; equipment, technology, and engineering services for the production and purification of trichlorosilane and silane; and engineering services. This segment also provides ancillary equipment and technologies for producing seed rods. The PV segment is engaged in the development, manufacture, and sale of crystallization growth furnaces to produce silicon ingots used in the production of solar wafers. This segment offers directional solidification system (DSS) multicrystalline and MonoCast casting furnaces; ancillary equipment, such as crucible coating stations, crucible manipulators, loaders/unloaders, extraction tools, and other material handling systems; and PV parts and services. GT Advanced Technologies Inc. sells its equipment and services to polysilicon producers, solar wafer manufacturers, and sapphire producers through direct sales force and indirect sales representatives. The company was formerly known as GT Solar International, Inc. and changed its name to GT Advanced Technologies Inc. in August 2011. GT Advanced Technologies Inc. was founded in 1994 and is headquartered in Merrimack, New Hampshire.

541 Employees
Last Reported Date: 03/11/14
Founded in 1994

gt advanced technologies inc (DM2) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $2.0M
Chief Operating Officer
Total Annual Compensation: $1.3M
Executive Vice President of Solar Business
Total Annual Compensation: $769.5K
Chief Administrative Officer, Vice President,...
Total Annual Compensation: $769.5K
Vice President of Asia and Industrial Furnace...
Total Annual Compensation: $282.7K
Compensation as of Fiscal Year 2013.

gt advanced technologies inc (DM2) Key Developments

GT Advanced Technologies Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Reaffirms Earnings Guidance for the Fiscal Year Ending December 31, 2014 and Fiscal 2016; Reports Write-Down of Inventory

GT Advanced Technologies Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net revenue was $58 million against $168.33 million a year ago. Loss from operations was $84.4 million against income of $21.13 million a year ago. Loss before taxes was $94.58 million against income of $14.5 million a year ago. Net loss was $86.38 million or $0.63 diluted loss per share against income of $11.95 million or $0.10 diluted per share a year ago. Non-GAAP operating loss was $18.99 million against income of $26.9 million a year ago. Non-GAAP net loss was $22.32 million or $0.16 diluted loss per share against income of $23.1 million or $0.19 diluted per share a year ago. For the six months, the company reported net revenue was $80.5 million against $226.11 million a year ago. Loss from operations was $139.04 million against $5.19 million a year ago. Loss before taxes was $161.16 million against $19.02 million a year ago. Net loss was $127.78 million or $0.94 diluted loss per share against $6.73 million or $0.06 diluted loss per share a year ago. Non-GAAP operating loss was $59.78 million against income of $12.3 million a year ago. Non-GAAP net loss was $65.55 million or $0.48 diluted loss per share against income of $5.06 million or $0.04 diluted per share a year ago. The company approximately $51 million of cash used in operating activities and $225 million invested in CapEx, which was partially offset by the receipt of third Apple prepayment of $103 million during the quarter. For the second quarter of 2014, the company reported write-down of inventory, vendor advances and PO cancellation fees was $2.85 million against $0.045 million a year ago. The company is updating its guidance for the fiscal year ending December 31, 2014. Revenue of $600 to $700 million, the lower end of the previously provided guidance range; Fully diluted non-GAAP earnings per share of $0.12 to $0.18, the higher end of the previously provided guidance range reflecting an expected change in mix and more favorable gross margins in the second half of the year. The company expects non-GAAP OpEx of $150 million, at the lower end of previous range. CapEx will be approximately $550 million for the year, of which $381 million has been recognized through the end of second quarter. The company also reiterated its 2016 non-GAAP EPS target at or above $1.50.

GT Advanced Technologies Inc. to Report Q2, 2014 Results on Aug 04, 2014

GT Advanced Technologies Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 04, 2014

GT Advanced Technologies Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 11:30 AM

GT Advanced Technologies Inc. Presents at Canaccord Genuity 34th Annual Growth Conference, Aug-13-2014 11:30 AM. Venue: InterContinental Hotel, 510 Atlantic Avenue, Boston, MA 02210, United States.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
DM2:GR €9.36 EUR +0.51

DM2 Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Beijing Jingyuntong Technology Co Ltd CNY9.48 CNY -0.13
REC Silicon ASA 2.95 NOK +0.07
Veeco Instruments Inc $35.37 USD +0.68
Zhejiang Jingsheng Mechanical & Electrical Co Ltd CNY23.51 CNY -0.09
View Industry Companies
 

Industry Analysis

DM2

Industry Average

Valuation DM2 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.6x
Price/Book 7.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales 6.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GT ADVANCED TECHNOLOGIES INC, please visit www.gtat.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.