10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000720500-17-000017`
Period End Date	20161231
Filing Date	20170209
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	asys-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 34 Cash Flow Statement 68 Comprehensive Income 10

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.79M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.64M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.62M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$3.25M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$893.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	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
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $1,787 and $3,730 at December 31, 2016, and September 30, 2016, respectively)	`AccountsReceivableNetCurrent`	$17.64M	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Trade (less allowance for doubtful accounts of $1,787 and $3,730 at December 31, 2016, and September 30, 2016, respectively)	`AccountsReceivableNetCurrent`	$23.15M	USD	Point-in-time
Unbilled and other	`UnbilledAndOther`	$8.63M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`UnbilledAndOther`	$7.09M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.18M	shares	Point-in-time
Inventories	`InventoryNet`	$23.22M	USD	Point-in-time
Inventories	`InventoryNet`	$20.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	13.18M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$260.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.18M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	13.18M	shares	Point-in-time
Other	`OtherAssetsCurrent`	$3.80M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$4.62M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$82.92M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$81.78M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$15.96M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$15.29M	USD	Point-in-time
Deferred Income Taxes - Long Term	`DeferredTaxAssetsNetNoncurrent`	$200.00K	USD	Point-in-time
Deferred Income Taxes - Long Term	`DeferredTaxAssetsNetNoncurrent`	$200.00K	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$1.05M	USD	Point-in-time
Other Assets - Long Term	`OtherAssetsNoncurrent`	$1.09M	USD	Point-in-time
Investments	`EquityMethodInvestments`	$3.03M	USD	Point-in-time
Investments	`EquityMethodInvestments`	$2.89M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$4.10M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$3.92M	USD	Point-in-time
Goodwill	`Goodwill`	$11.12M	USD	Point-in-time
Goodwill	`Goodwill`	$10.79M	USD	Point-in-time
Total Assets	`Assets`	$115.92M	USD	Point-in-time
Total Assets	`Assets`	$118.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.99M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.01M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.13M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$5.71M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$6.23M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$879.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$795.00K	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$4.71M	USD	Point-in-time
Deferred profit	`OtherDeferredCreditsCurrent`	$3.81M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$7.05M	USD	Point-in-time
Customer deposits	`CustomerAdvancesCurrent`	$6.92M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$1.58M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.10M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$960.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$36.38M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$9.11M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$9.10M	USD	Point-in-time
Income Taxes Payable - Long Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$6.05M	USD	Point-in-time
Income Taxes Payable - Long Term	`LiabilityForUncertainTaxPositionsNoncurrent`	$5.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$53.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$51.53M	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: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$132.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$132.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$111.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$111.63M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.88M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.72M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-35.88M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-35.83M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$67.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$66.48M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-1.72M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-2.09M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.34M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$64.39M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$115.92M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$118.43M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`SalesRevenueNet`	$22.07M	USD	1 Quarter
Revenues, net of returns and allowances	`SalesRevenueNet`	$29.14M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$20.69M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$16.12M	USD	1 Quarter
Gross profit	`GrossProfit`	$8.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$5.96M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.00M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$2.29M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.63M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-180.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.93M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-143.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-17.00K	USD	1 Quarter
Interest expense and other income, net	`OtherNonoperatingIncomeExpense`	$-202.00K	USD	1 Quarter
Interest expense and other income, net	`OtherNonoperatingIncomeExpense`	$81.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-242.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.15M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$90.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.45M	USD	1 Quarter
Net loss	`ProfitLoss`	$-332.00K	USD	1 Quarter
Add: net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-279.00K	USD	1 Quarter
Add: net loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-433.00K	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-4.01M	USD	1 Quarter
Net loss attributable to Amtech Systems, Inc.	`NetIncomeLoss`	$-53.00K	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Basic loss per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.18M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.15M	shares	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Diluted loss per share attributable to Amtech shareholders (dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.18M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.15M	shares	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.45M	USD	1 Quarter
Net loss	`ProfitLoss`	$-332.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$783.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$654.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$39.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$33.00K	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	$190.00K	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	-	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-31.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$319.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$342.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-143.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-17.00K	USD	1 Quarter
Reversal of allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-1.18M	USD	1 Quarter
Reversal of allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-158.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$220.00K	USD	1 Quarter
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$2.42M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$309.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.62M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.41M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$239.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$212.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-725.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$167.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.86M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$78.00K	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$-3.35M	USD	1 Quarter
Accrued liabilities and customer deposits	`IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits`	$584.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-619.00K	USD	1 Quarter
Deferred profit	`IncreaseDecreaseInDeferredProfit`	$-50.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.54M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.75M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$86.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$108.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from partial sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	1 Quarter
Proceeds from partial sale of subsidiary	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$7.01M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.90M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-85.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$1.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$180.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$160.00K	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$830.00K	USD	1 Quarter
Borrowings on long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$21.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$650.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-138.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-257.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.23M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.02M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.66M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.64M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$25.85M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.62M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.66M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.64M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$25.85M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.62M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$89.00K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$66.00K	USD	1 Quarter
Income tax payments	`ProceedsFromIncomeTaxRefunds`	-	USD	1 Quarter
Income tax payments	`ProceedsFromIncomeTaxRefunds`	$262.00K	USD	1 Quarter
Income tax payments	`IncomeTaxesPaid`	-	USD	1 Quarter
Income tax payments	`IncomeTaxesPaid`	$67.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.45M	USD	1 Quarter
Net loss	`ProfitLoss`	$-332.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-941.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-535.00K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.27M	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-4.98M	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-375.00K	USD	1 Quarter
Comprehensive loss attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-433.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-898.00K	USD	1 Quarter
Comprehensive loss attributable to Amtech Systems, Inc.	`ComprehensiveIncomeNetOfTax`	$-4.55M	USD	1 Quarter

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