IVAC Earnings Prediction
The chart below shows how IVAC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IVAC sees a +0.96% change in stock price 10 days leading up to the earnings, and a +0.29% change 10 days following the report. On the earnings day itself, the stock moves by +0.52%. This data can give you a slight idea of what to expect for the next quarter's release.
IVAC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
28.50M
59.11%
96.23%
Gross Margin
24.76%
-36.63%
-35.17%
Operating Margin
-6.15%
-22.84%
-72.69%
Net Margin
-7.62%
-15.99%
-66.07%
EPS
-0.08
-33.33%
-33.33%
No Data Available
IVAC Earnings Analysis
Intevac Inc Corporation (IVAC.O) Earnings Conference Call
Positive
Revenue Exceeds Guidance: Q3 revenues totaled $28.5 million, well above our guidance range of $10.5 million to $12 million.
Revenue Adjustment Impact: The majority of this upside represents $15 million of largely passed-through revenue resulting from the required accounting treatment for the resolution of a customer's obligation regarding last year's revenue component.
Q3 Gross Margin Analysis: Q3 gross margin was 24.8%.
Cash and Investments Summary: We ended the quarter with cash and investments including restricted cash of $72.1 million, equivalent to $2.67 per share based on 27 million shares at quarter end.
Cash Flow Improvement: The net increase in cash over Q2 was nearly $1.7 million, reflecting positive cash flow from operations enabled by our cash flow neutral P&L as well as strong collection of receivables during the quarter.
Negative
Inventory-Related Revenue Impact: Approximately $15 million of the $28.5 million of revenue reported for Q3 is related to these inventory obligations.
Inventory Revenue and Profit: The $15 million of inventory related revenue was largely passed through, but did include a small amount of gross profit to cover our expenses of procuring and storing the inventory.
Gross Margin Impact Analysis: With a reported gross margin of 25%, this profit, along with certain other inventory adjustments, negatively impacted our gross margin by approximately 20 percentage points, while a positive impact on earnings for sure was $0.04.
Net Loss Per Share: The resulting net loss was $0.08 per share.
Projected Net Loss Per Share: We are projecting our net loss in the range of $0.19 to $0.21 per share based on 27 million shares outstanding.
IVAC FAQs
How does IVAC typically perform around its earnings report dates?
Is Intevac, Inc. (IVAC) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
IVAC Earning Call Sentiment
Intevac, Inc. (IVAC) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IVAC.O
0%Positive
The earnings call reveals significant challenges: TRIO's failure to secure orders due to competitive pressures, restructuring with a 19% headcount reduction, and inventory management issues impacting margins. While there are positive financial aspects like increased interest income and a stable cash position, the lack of clear guidance and competitive setbacks outweigh them. The Q&A session further highlighted uncertainties, particularly regarding TRIO's future and inventory risks. These factors suggest a negative sentiment, likely leading to a stock price decline in the short term.
