TEMPE, AZ -- Amtech, the parent company of reflow equipment maker BTU, reported net revenues of $22.5 million in the March quarter, down 7.4% from a year ago and up 1.8% sequentially.

The company cited lower shipments caused by the cyclicality of the semiconductor industry and the polishing segment.

The net loss was $1.5 million, versus a net loss of $4 million in the December quarter and a net loss of $2.3 million in fiscal 2015. Gross margin was down 100 basis points from last year to 27%.

New orders and backlogs for the firm's electronics (BTU) and LED businesses showed sequential and year-over-year improvements.

Fokko Pentinga, chief executive of Amtech, said in a press statement, "We are pleased with our $45 million of total bookings in the second quarter, including $28 million of solar orders, which is the highest solar bookings since the March quarter of 2011. With those bookings, we now have a backlog of $67 million which is a 57% increase since Dec. 31, and the highest in four years. We are positioning for the next wave of growth in solar with expectations to continue to expand our market reach, develop current and new customer relationships, and continue to be recognized as a market leader for our distinguishable technology solutions.

As of Mar. 31, the company's total order backlog was $67.3 million, of which solar made up $51.3 million.

• Prev
• Next