ASYS News & Events

Amtech Systems files $50M mixed securities shelf

Reports Q1 revenue $19M vs $24.4M last year. "Equipment demand for AI infrastructure was strong in the quarter and accounted for 35% of our Thermal Processing Solutions (TPS) segment revenue, up from 30% in the prior quarter," commented Mr. Bob Daigle, Chief Executive Officer of Amtech. "Our book-to-bill ratio was 1.1 in the quarter, driven by AI applications with some deliveries stretching into Q3 to align with customer factory buildouts. We expect strength in demand for equipment powering AI applications to result in increased bookings on a sequential quarterly basis through the end of fiscal 2026."

With the benefit of previously implemented structural and operational cost reductions, Amtech expects to deliver solid operating leverage, resulting in adjusted EBITDA margin in the high single digits.

Universal Electronics (UEIC) announced that it has appointed Wade Jenke as CFO, effective immediately. Jenke will report to Richard Carnifax, UEI's COO and interim CEO. Sui Man Ho, the company's interim CFO, will continue to serve as the company's senior VP of finance. As CFO, Jenke will be responsible for UEI's financial, accounting, treasury, and investor relations functions, and will implement financial strategies. Most recently, Jenke served as the CFO of Amtech Systems (ASYS).