10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0000720500-15-000010`
Period End Date	20141231
Filing Date	20150205
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	asys-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 32 Cash Flow Statement 52 Comprehensive Income 10

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.55M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.85M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.62M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$2.38M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.75M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $2,750 and $2,846 at December 31, 2014, and September 30, 2014, respectively)	`AccountsReceivableNetCurrent`	$8.90M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $2,750 and $2,846 at December 31, 2014, and September 30, 2014, respectively)	`AccountsReceivableNetCurrent`	$5.42M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$8.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$6.88M	USD	Point-in-time
Inventories	`InventoryNet`	$18.92M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.87M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.85M	shares	Point-in-time
Inventories	`InventoryNet`	$16.76M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.04M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.87M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.85M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.06M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$2.57M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$2.08M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$67.63M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$65.42M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$10.26M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$9.75M	USD	Point-in-time
Deferred Income Taxes - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.30M	USD	Point-in-time
Deferred Income Taxes - Long Term	`DeferredTaxAssetsNetNoncurrent`	$1.30M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$7.36M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$2.68M	USD	Point-in-time
Goodwill	`Goodwill`	$8.32M	USD	Point-in-time
Goodwill	`Goodwill`	$8.22M	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$2.76M	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$2.43M	USD	Point-in-time
Total Assets	`Assets`	$89.90M	USD	Point-in-time
Total Assets	`Assets`	$97.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	-	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$328.00K	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$4.27M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$4.95M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$707.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$628.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.45M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.06M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$5.43M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$6.91M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$4.99M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$8.58M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$9.69M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$5.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$4.99M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$5.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.88M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$1.71M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Income Taxes Payable Long-Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.18M	USD	Point-in-time
Income Taxes Payable Long-Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$47.77M	USD	Point-in-time
Total liabilities	`Liabilities`	$36.32M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; 100,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 9,869,916 and 9,848,253 at December 31, 2014, and September 30, 2014, respectively	`CommonStockValue`	$98.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 9,869,916 and 9,848,253 at December 31, 2014, and September 30, 2014, respectively	`CommonStockValue`	$99.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$82.12M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$81.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.84M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.79M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-26.25M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-21.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$55.14M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$49.13M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$626.00K	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-1.55M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$49.75M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$97.52M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$89.90M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`SalesRevenueNet`	$14.77M	USD	1 Quarter
Revenues, net of returns and allowances	`SalesRevenueNet`	$12.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$8.97M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$10.24M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.54M	USD	1 Quarter
Gross profit	`GrossProfit`	$3.43M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.38M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.84M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentNetOfGrantsEarned`	$889.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-4.79M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-478.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$106.00K	USD	1 Quarter
Interest and other income, net	`OtherNonoperatingIncomeExpense`	$97.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-372.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.70M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$180.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$560.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-932.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.88M	USD	1 Quarter
Add: net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$319.00K	USD	1 Quarter
Add: net loss (income) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-138.00K	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-5.20M	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-794.00K	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareBasic`	$-0.53	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.56M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.85M	shares	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.53	USD	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.56M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.85M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-932.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$623.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$705.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$35.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$90.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$232.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$176.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$44.00K	USD	1 Quarter
Provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$33.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$244.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$-944.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.37M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.75M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$535.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.50M	USD	1 Quarter
Income taxes refundable and payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$172.00K	USD	1 Quarter
Income taxes refundable and payable, net	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$532.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$722.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-429.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-237.00K	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-8.53M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$6.41M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$3.55M	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-1.26M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.90M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.92M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$155.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$154.00K	USD	1 Quarter
Investment in acquisition, net of cash	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$253.00K	USD	1 Quarter
Investment in acquisition, net of cash	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-408.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-154.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$9.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$208.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-302.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.19M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.86M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$30.34M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.55M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$30.34M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$37.20M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.55M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-932.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.88M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.06M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$705.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-227.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-5.93M	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$313.00K	USD	1 Quarter
Comprehensive (income) loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-161.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-66.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-6.25M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.