10-Q Filing

AMTECH SYSTEMS INC CIK: 720500 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0000950170-22-001222`
Period End Date	20211231
Filing Date	20220214
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	asys-20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 28 Cash Flow Statement 54 Stockholders Equity 21 Comprehensive Income 6

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$147.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$188.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.19M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$526.00K	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
Accounts receivable (less allowance for doubtful accounts of $147 and $188 at December 31, 2021, and September 30, 2021, respectively)	`AccountsReceivableNetCurrent`	$22.50M	USD	Point-in-time
Accounts receivable (less allowance for doubtful accounts of $147 and $188 at December 31, 2021, and September 30, 2021, respectively)	`AccountsReceivableNetCurrent`	$25.20M	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
Inventories	`InventoryNet`	$22.07M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$24.11M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$1.05M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$4.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.30M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.72M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$2.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	14.03M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$84.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.03M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	14.30M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$80.87M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$14.08M	USD	Point-in-time
Property, Plant and Equipment - Net	`PropertyPlantAndEquipmentNet`	$13.77M	USD	Point-in-time
Right-of-Use Assets - Net	`OperatingLeaseRightOfUseAsset`	$8.57M	USD	Point-in-time
Right-of-Use Assets - Net	`OperatingLeaseRightOfUseAsset`	$8.65M	USD	Point-in-time
Intangible Assets - Net	`FiniteLivedIntangibleAssetsNet`	$858.00K	USD	Point-in-time
Intangible Assets - Net	`FiniteLivedIntangibleAssetsNet`	$833.00K	USD	Point-in-time
Goodwill	`Goodwill`	$11.17M	USD	Point-in-time
Goodwill	`Goodwill`	$11.17M	USD	Point-in-time
Deferred Income Taxes - Net	`DeferredIncomeTaxAssetsNet`	$631.00K	USD	Point-in-time
Deferred Income Taxes - Net	`DeferredIncomeTaxAssetsNet`	$671.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$661.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$624.00K	USD	Point-in-time
Total Assets	`Assets`	$120.39M	USD	Point-in-time
Total Assets	`Assets`	$116.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.23M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.23M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$2.88M	USD	Point-in-time
Accrued compensation and related taxes	`EmployeeRelatedLiabilitiesCurrent`	$3.18M	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$717.00K	USD	Point-in-time
Accrued warranty expense	`ProductWarrantyAccrualClassifiedCurrent`	$545.00K	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$903.00K	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$709.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$396.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$401.00K	USD	Point-in-time
Current portion of long-term lease liability	`FinanceAndOperatingLeaseLiabilityCurrent`	$531.00K	USD	Point-in-time
Current portion of long-term lease liability	`FinanceAndOperatingLeaseLiabilityCurrent`	$550.00K	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$1.62M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$4.45M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.23M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.11M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$4.30M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$4.40M	USD	Point-in-time
Long-Term Lease Liability	`FinanceAndOperatingLeaseLiabilityNoncurrent`	$8.39M	USD	Point-in-time
Long-Term Lease Liability	`FinanceAndOperatingLeaseLiabilityNoncurrent`	$8.30M	USD	Point-in-time
Income Taxes Payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.28M	USD	Point-in-time
Income Taxes Payable	`LiabilityForUncertainTaxPositionsNoncurrent`	$3.20M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$102.00K	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$40.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$31.28M	USD	Point-in-time
Total Liabilities	`Liabilities`	$36.07M	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: 14,025,192 and 14,304,492 at December 31, 2021and September 30, 2021, respectively	`CommonStockValue`	$143.00K	USD	Point-in-time
Common stock; $0.01 par value; 100,000,000 shares authorized; shares issued and outstanding: 14,025,192 and 14,304,492 at December 31, 2021and September 30, 2021, respectively	`CommonStockValue`	$140.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$126.38M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$124.43M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$251.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$14.00K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-40.49M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-40.90M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$85.63M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$84.33M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$116.91M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$120.39M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`RevenueFromContractWithCustomerIncludingAssessedTax`	$27.33M	USD	1 Quarter
Revenues, net	`RevenueFromContractWithCustomerIncludingAssessedTax`	$17.98M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$10.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$16.57M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.76M	USD	1 Quarter
Gross profit	`GrossProfit`	$7.51M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.21M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$7.95M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.25M	USD	1 Quarter
Research, development and engineering	`ResearchAndDevelopmentNetOfGrantsEarned`	$1.57M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.05M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.24M	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-83.00K	USD	1 Quarter
Interest expense and other, net	`OtherNonoperatingIncomeExpense`	$-255.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.16M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$799.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$80.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$160.00K	USD	1 Quarter
Net income	`ProfitLoss`	$997.00K	USD	1 Quarter
Net income	`ProfitLoss`	$719.00K	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Net income per basic share	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Net income per diluted share	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.25M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	14.07M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.12M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.48M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$997.00K	USD	1 Quarter
Net income	`ProfitLoss`	$719.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$325.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$430.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$120.00K	USD	1 Quarter
Write-down of inventory	`InventoryWriteDown`	$48.00K	USD	1 Quarter
Non-cash share-based compensation expense	`ShareBasedCompensation`	$103.00K	USD	1 Quarter
Non-cash share-based compensation expense	`ShareBasedCompensation`	$65.00K	USD	1 Quarter
(Reversal of) provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$5.00K	USD	1 Quarter
(Reversal of) provision for allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-19.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-3.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.68M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.70M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.16M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-613.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$207.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-20.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$738.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.98M	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$34.00K	USD	1 Quarter
Accrued income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$968.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedAndOtherLiabilities`	$304.00K	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedAndOtherLiabilities`	$140.00K	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$2.82M	USD	1 Quarter
Contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-68.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.49M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$198.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-198.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$135.00K	USD	1 Quarter
Proceeds from the exercise of stock options	`ProceedsFromStockOptionsExercised`	$69.00K	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$2.71M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$97.00K	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$93.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$42.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.74M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$175.00K	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$596.00K	USD	1 Quarter
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-122.00K	USD	1 Quarter
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$544.00K	USD	1 Quarter
Cash and Cash Equivalents , Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.84M	USD	Point-in-time
Cash and Cash Equivalents , Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.07M	USD	Point-in-time
Cash and Cash Equivalents , Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.71M	USD	Point-in-time
Cash and Cash Equivalents , Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.61M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.84M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.07M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$32.71M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$45.61M	USD	Point-in-time
Income tax refunds (payments), net	`IncomeTaxesPaidNet`	$629.00K	USD	1 Quarter
Income tax refunds (payments), net	`IncomeTaxesPaidNet`	$-142.00K	USD	1 Quarter
Interest paid, net of capitalized interest	`InterestPaidNet`	$56.00K	USD	1 Quarter
Interest paid, net of capitalized interest	`InterestPaidNet`	$75.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$83.03M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.52M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$84.33M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.63M	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	14.03M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	14.30M	shares	Point-in-time
Net income	`ProfitLoss`	$997.00K	USD	1 Quarter
Net income	`ProfitLoss`	$719.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$595.00K	USD	1 Quarter
Translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$237.00K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$65.00K	USD	1 Quarter
Stock compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$103.00K	USD	1 Quarter
Repurchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$2.71M	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$69.00K	USD	1 Quarter
Stock options exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$135.00K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$83.03M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$81.52M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$84.33M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.63M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	14.03M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	14.30M	shares	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$997.00K	USD	1 Quarter
Net income	`ProfitLoss`	$719.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$595.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$237.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.31M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.23M	USD	1 Quarter

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