Amtech Says Near-Term Outlook For Revenue And Earnings Remains Challenging; Expects Q4 Revenues Of $22M - $25M (Est $28.55M) With Adjusted EBITDA Nominally Positive
Portfolio Pulse from Benzinga Newsdesk
Amtech Systems has announced that its near-term outlook for revenue and earnings remains challenging. The company expects Q4 revenues to be between $22 million and $25 million, which is below the estimated $28.55 million. Adjusted EBITDA is expected to be nominally positive.
August 07, 2024 | 9:49 pm
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Amtech Systems has announced a challenging near-term outlook for revenue and earnings. The company expects Q4 revenues to be between $22 million and $25 million, which is below the estimated $28.55 million. Adjusted EBITDA is expected to be nominally positive.
The announcement of lower-than-expected Q4 revenues and a challenging near-term outlook is likely to negatively impact investor sentiment and the stock price of Amtech Systems in the short term.
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