$ASYS

AMTECH SYSTEMS INC

CIK:0000720500|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues, net	$ 22,383	$ 19,557	$ 61,824	$ 59,522
Cost of sales	11,190	10,425	32,368	41,353
Gross profit	11,193	9,132	29,456	18,169
Selling, general and administrative	8,003	7,387	22,034	22,553
Research, development and engineering	855	364	2,518	2,070
Loss on sale of property, plant and equipment	78	45	78	274
Goodwill impairment			0	20,353
Intangible asset impairment				2,569
Severance expense	50	421	50	678
Operating income (loss)	2,207	915	4,776	(30,328)
Interest income	273	88	504	119
Interest expense	(2)	(5)	(18)	(19)
Foreign currency (loss) gain	(360)	(96)	(828)	305
Other	156	3	197	45
Income (loss) before income tax provision	2,274	905	4,631	(29,878)
Income tax provision	616	799	1,699	1,516
Net income (loss)	$ 1,658	$ 106	$ 2,932	$ (31,394)
Income (loss) per share:
Net income (loss) per basic share	$ 0.11	$ 0.01	$ 0.2	$ (2.2)
Net income (loss) per diluted share	$ 0.1	$ 0.01	$ 0.19	$ (2.2)
Weighted average shares outstanding - basic	15,440	14,314	14,744	14,294
Weighted average shares outstanding - diluted	16,040	14,314	15,264	14,294

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025	Dec. 31, 2024	Jun. 30, 2026	Jun. 30, 2025	Sep. 30, 2025
Operating Activities
Net income (loss)	$ 1,658	$ 108	$ 106	$ 312	$ 2,932	$ (31,394)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	620		594		1,861	2,167
Write-down of inventory					277	6,647
ROU asset impairment	200				151	0
Goodwill impairment					0	20,353	$ 20,353
Intangible asset impairment					0	2,569
Non-cash share-based compensation expense	400		300		971	961
Loss on sale of property, plant and equipment	78		45		78	274
(Reversal of) Provision for allowance for credit losses					(28)	43
Changes in operating assets and liabilities:
Accounts receivable					193	2,899
Inventories					(2,004)	600
Other assets					1,114	3,057
Accounts payable					2,835	1,477
Accrued income taxes					(738)	219
Accrued and other liabilities					(356)	(1,696)
Contract liabilities					30	(2,567)
Net cash provided by operating activities					7,316	5,609
Investing Activities
Purchases of property, plant and equipment					(601)	(704)
Proceeds from the sale of property, plant and equipment					45	12
Net cash used in investing activities					(556)	(692)
Financing Activities
Net proceeds from issuance of common stock					56,531
Proceeds from the exercise of stock options					1,187	150
Payments on finance lease obligations					(113)	(70)
Borrowings on finance lease obligations					21	0
Payment of payroll taxes on stock-based compensation through shares withheld					(175)	0
Net cash provided by financing activities					57,451	80
Effect of Exchange Rate Changes on Cash and Cash Equivalents					994	(520)
Net Increase in Cash and Cash Equivalents					65,205	4,477
Cash and Cash Equivalents, Beginning of Period		$ 17,904		$ 11,086	17,904	11,086	11,086
Cash and Cash Equivalents, End of Period	$ 83,109		$ 15,563		83,109	15,563	$ 17,904
Supplemental Cash Flow Information:
Income tax payments, net					1,713	1,297
Interest paid					$ 23	$ 18

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
Current Assets
Cash and cash equivalents	$ 83,109	$ 17,904
Accounts receivable (less allowance for credit losses of $85 and $113 at June 30, 2026 and September 30, 2025, respectively)	19,712	19,878
Inventories	20,469	18,743
Income taxes receivable	72	80
Other current assets	4,233	3,572
Total current assets	127,595	60,177
Property, plant and equipment - net	8,771	10,227
Right-of-use assets - net	16,318	18,293
Goodwill	908	908
Intangible assets - net	959	1,091
Deferred income taxes - net	1,023	1,023
Other assets	1,141	1,154
Total Assets	156,715	92,873
Current Liabilities
Accounts payable	10,350	7,735
Accrued compensation and related taxes	2,448	1,609
Accrued warranty expense	343	394
Other accrued liabilities	776	726
Current maturities of finance lease liabilities	130	126
Current portion of operating lease liabilities	2,032	1,903
Contract liabilities	6,491	6,461
Income taxes payable	1,008	1,528
Total current liabilities	23,578	20,482
Long-term finance lease liabilities	108	168
Long-term operating lease liabilities	15,621	17,316
Income taxes payable	437	663
Other long-term liabilities	1,370	859
Total Liabilities	41,114	39,488
Commitments and contingencies (Note 9)
Shareholders’ Equity
Preferred stock; 100,000,000 shares authorized; none issued
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 17,508,101 and 14,354,797 at June 30, 2026 and September 30, 2025, respectively	175	144
Additional paid-in capital	188,341	130,057
Accumulated other comprehensive gain (loss)	10	(959)
Retained deficit	(72,925)	(75,857)
Total Shareholders' Equity	115,601	53,385
Total Liabilities and Shareholders’ Equity	$ 156,715	$ 92,873