ACM Research Announces Preliminary 2019 Revenue and Initial Outlook for 2020 Revenue
ACM Research, Inc. - Class A (ACMR)
Last acm research, inc. - class a earnings: 3/18 04:10 pm
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Source: GlobeNewswire
—Preliminary 2019 Revenue of $105 to $107 Million——Projected 2020 Revenue of $130 to $150 Million——ACM to Present at Needham Growth Conference This Week— FREMONT, Calif., Jan. 13, 2020 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer cleaning technologies for advanced semiconductor devices, today announced that preliminary unaudited revenue for the full year 2019 is expected to be in the range of $105 million to $107 million. This would represent 41% to 43% annual growth, and would equal or exceed the outlook provided in its third quarter 2019 earnings release issued on November 6, 2019. ACM also announced that it expects revenue for the full year 2020 to be in the range of $130 million to $150 million, which would represent annual growth of between 21% and 43%. “We expect another year of strong growth in 2020, as we execute on our mission to become a major supplier of equipment to the global semiconductor industry,” said Dr. David Wang,
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