Benzinga | Jul 27, 2020 04:37PM EDT

Intevac: Q2 Earnings Insights

Shares of Intevac (NASDAQ:IVAC) were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 220.00% year over year to $0.06, which beat the estimate of ($0.12).

Revenue of $28,842,000 higher by 29.26% year over year, which beat the estimate of $17,400,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 27, 2020

Time: 04:30 PM

ET Webcast URL: https://webcasts.eqs.com/register/intevac20200727/en

Recent Stock Performance

52-week high: $7.68

52-week low: $3.17

Price action over last quarter: Up 3.68%

Company Description

Intevac Inc is active in the electronic components industry. It provides vacuum deposition equipment for a range of thin-film applications and digital night-vision technologies and products to the defense industry. The company designs manufacture, markets and services capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks that are used in hard disk drives. The company is mainly comprised of two segments; Thin-film equipment and Photonics. Most of its revenue is generated from the Thin-film equipment segment, which deals with the manufacture of complex capital equipment used to deposit thin films and lubricants onto substrates to produce magnetic disks.