Intevac Announces Third Quarter 2024 Financial Results
Intevac, Inc. (IVAC)
Last intevac, inc. earnings: 4/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.intevac.com/events.cfm
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Source: Business Wire
SANTA CLARA, Calif.--(BUSINESS WIRE)--Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the quarter and nine months ended September 28, 2024.“We are pleased to report third-quarter results favorable to our expectations going into the quarter,” commented Nigel Hunton, president and chief executive officer. “Technology upgrades in support of next-generation HAMR (heat-assisted magnetic recording) media continue to drive the majority of our business, and total revenues from HDD upgrades, spares, and field service totaled over $13 million, exceeding our expectations. With an additional $15 million of largely pass-through revenue associated with the transfer of inventory to a customer, the gross margin and earnings per share performance of the core business likewise exceeded expectations. Positive free cash flow performance in the quarter drove an increase in total cash, restricted cash, and investments to over $72 million at quarter-end, and we remain on track to maint
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News
- Intevac, Inc. (NASDAQ: IVAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Intevac, Inc. (NASDAQ: IVAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Intevac, Inc. (NASDAQ: IVAC) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Intevac Announces Appointment of Ryan L. Vardeman to Board of Directors [Yahoo! Finance]Yahoo! Finance
- Intevac Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
IVAC
Earnings
- 8/5/24 - Beat
IVAC
Sec Filings
- 11/14/24 - Form 4
- 11/13/24 - Form 8-K
- 11/13/24 - Form 3
- IVAC's page on the SEC website