10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0000720500-19-000006`
Period End Date	20181231
Filing Date	20190207
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	asys-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 32 Cash Flow Statement 52 Stockholders Equity 20 Comprehensive Income 6

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.41M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.36M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.97M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.17M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$5.01M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	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 $1,358 and $1,407 at December 31, 2018, and September 30, 2018, respectively)	`AccountsReceivableNetCurrent`	$23.14M	USD	Point-in-time
Trade (less allowance for doubtful accounts of $1,358 and $1,407 at December 31, 2018, and September 30, 2018, respectively)	`AccountsReceivableNetCurrent`	$20.48M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`ReceivablesLongTermContractsOrPrograms`	-	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Unbilled and other	`ReceivablesLongTermContractsOrPrograms`	$12.75M	USD	Point-in-time
Inventories	`InventoryNet`	$23.81M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	14.23M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	14.22M	shares	Point-in-time
Inventories	`InventoryNet`	$24.71M	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetGrossCurrent`	-	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.23M	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetGrossCurrent`	$4.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	14.22M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.86M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$3.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$124.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$116.21M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$16.45M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$16.15M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$1.07M	USD	Point-in-time
Intangible Assets - Net	`IntangibleAssetsNetExcludingGoodwill`	$1.13M	USD	Point-in-time
Goodwill - Net	`Goodwill`	$6.63M	USD	Point-in-time
Goodwill - Net	`Goodwill`	$6.63M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$901.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$864.00K	USD	Point-in-time
Total Assets	`Assets`	$140.92M	USD	Point-in-time
Total Assets	`Assets`	$149.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.83M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.04M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$7.39M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$944.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$1.04M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$4.24M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$3.88M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$378.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$374.00K	USD	Point-in-time
Deferred profit	`ContractWithCustomerLiabilityCurrent`	$12.24M	USD	Point-in-time
Deferred profit	`ContractWithCustomerLiabilityCurrent`	$18.37M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$45.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$39.22M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$7.88M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$7.96M	USD	Point-in-time
Income Taxes Payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.48M	USD	Point-in-time
Income Taxes Payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$50.58M	USD	Point-in-time
Total liabilities	`Liabilities`	$56.32M	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: 13,150,222 and 9,848,253 at June 30, 2015, and September 30, 2014, respectively	`CommonStockValue`	$142.00K	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`	$142.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$124.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$124.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-9.97M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-23.77M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-21.39M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$93.09M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$90.35M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$149.41M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$140.92M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenues, net of returns and allowances	`RevenueFromContractWithCustomerIncludingAssessedTax`	$29.45M	USD	1 Quarter
Revenues, net of returns and allowances	`RevenueFromContractWithCustomerIncludingAssessedTax`	$73.61M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$20.33M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$53.27M	USD	1 Quarter
Gross profit	`GrossProfit`	$20.34M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$10.58M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.22M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.99M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.95M	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	-	USD	1 Quarter
Restructuring charges	`RestructuringCharges`	$874.00K	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-1.92M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$7.77M	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-26.00K	USD	1 Quarter
Interest income (expense) and other income, net	`OtherNonoperatingIncomeExpense`	$-48.00K	USD	1 Quarter
Interest income (expense) and other income, net	`OtherNonoperatingIncomeExpense`	$144.00K	USD	1 Quarter
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.77M	USD	1 Quarter
(Loss) Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.69M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.24M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$600.00K	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$-2.37M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.45M	USD	1 Quarter
Basic (loss) income per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareBasic`	$-0.17	USD	1 Quarter
Basic (loss) income per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareBasic`	$0.44	USD	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.22M	shares	1 Quarter
Weighted average shares outstanding - basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	14.78M	shares	1 Quarter
Diluted (loss) income per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareDiluted`	$-0.17	USD	1 Quarter
Diluted (loss) income per share attributable to Amtech shareholders (USD per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.22M	shares	1 Quarter
Weighted average shares outstanding - diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	15.30M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-2.37M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$443.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$471.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$557.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$41.00K	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	$106.00K	USD	1 Quarter
Capitalized interest	`InterestCostsCapitalized`	$143.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-7.00K	USD	1 Quarter
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$7.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$253.00K	USD	1 Quarter
Non-cash share based compensation expense	`ShareBasedCompensation`	$169.00K	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity method investment	`IncomeLossFromEquityMethodInvestments`	$-26.00K	USD	1 Quarter
Provision for allowance for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$48.00K	USD	1 Quarter
Provision for allowance for doubtful accounts, net	`ProvisionForDoubtfulAccounts`	$44.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.87M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.57M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-7.56M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-228.00K	USD	1 Quarter
Contract and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.97M	USD	1 Quarter
Contract and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.94M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.25M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$520.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$831.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.09M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$731.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-684.00K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInOtherDeferredLiability`	$-28.27M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInOtherDeferredLiability`	$-5.87M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.62M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-646.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$93.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$152.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-152.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-93.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$1.20M	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromIssuanceOfCommonStock`	$37.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$95.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$89.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.11M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-58.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$453.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-662.00K	USD	1 Quarter
Net Decrease in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-13.15M	USD	1 Quarter
Net Decrease in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.52M	USD	1 Quarter
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$75.76M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.61M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$62.50M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$60.98M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$58.33M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$55.97M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance (in shares)	`CommonStockSharesOutstanding`	14.23M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	14.22M	shares	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.35M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$93.09M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.93M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.48M	USD	Point-in-time
Net (loss) income	`ProfitLoss`	$-2.37M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.45M	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$541.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-576.00K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$253.00K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$169.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$37.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$1.20M	USD	1 Quarter
Ending balance (in shares)	`CommonStockSharesOutstanding`	14.23M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	14.22M	shares	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.35M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$93.09M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$98.93M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$90.48M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-2.37M	USD	1 Quarter
Net (loss) income	`ProfitLoss`	$6.45M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-576.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$541.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$6.99M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-2.95M	USD	1 Quarter

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