Edition:
United States

Key Developments: Intevac Inc (IVAC.OQ)

IVAC.OQ on NASDAQ Stock Exchange Global Select Market

4.91USD
27 May 2016
Change (% chg)

$-0.05 (-1.11%)
Prev Close
$4.97
Open
$4.93
Day's High
$4.94
Day's Low
$4.91
Volume
3,131
Avg. Vol
5,968
52-wk High
$6.15
52-wk Low
$4.03

Latest Key Developments (Source: Significant Developments)

Intevac Inc receives ION implant system order from tier 1 solar cell manufacturer
Tuesday, 29 Sep 2015 06:00am EDT 

Intevac Inc:Announced the order of a system configured with ion implantation source technology from a Tier 1 solar cell manufacturer.Says the system is scheduled to ship in the second half of 2016.  Full Article

Intevac Inc gives Q2 2015 outlook above analysts' estimates
Monday, 3 Aug 2015 04:05pm EDT 

Intevac Inc:Expects Q2 2015 consolidated revenues to be between $20.5 and $20.5 million.Expects Q2 2015 net loss in the range of $0.00 to $(0.01) per share (EPS).Expects Q2 2015 Operating Income (Loss) in the range of $0.3 - $0.1 mln.Expects Q2 2015 Net Income (Loss) in the range of $0.0 - $(0.2).Q2 2015 revenue of $18.5 mln, EBIT of $(2.4) mln, net income of $(2.4) mln and EPS of ($0.10) - Thomson Reuters I/B/E/S.  Full Article

Intevac announces new VERTEX system order for display cover panel
Monday, 20 Jul 2015 04:05pm EDT 

Intevac:Says a new Tier 1 display customer has ordered a VERTEX(TM)Physical Vapor Deposition (PVD) system.Scheduled to ship in the fourth quarter of 2015, this system will be used to provide enhanced scratch protection on mobile device displays, camera lenses, and glass covers.  Full Article

Intevac Receives $13 Million Production Contract from U.S. Army
Monday, 6 Jul 2015 09:00am EDT 

Intevac Photonics:Received a contract for $13 million for the production of night vision cameras for the Apache Helicopter's Pilot Night Vision Sensor (PNVS) program for the U.S. Army.Says this contract, from the U.S. Army's PM Apache Office in Huntsville, Alabama, is a follow-on contract to the $27 million contract announced in 2013 and addresses camera deliveries through Feb. 2017.Intevac Photonics is subsidiary of Intevac.  Full Article

Intevac Inc gives Q1 2015 guidance; EPS guidance below analysts' estimates; gives FY 2015 revenue guidance below analysts' estimates - Conference call
Wednesday, 4 Feb 2015 04:30pm EST 

Intevac Inc:Expects Q1 2015 consolidated revenues to be between $16.5 million and $21 million.Expects Q1 2015 net loss in the range of $0.12 to $0.19 per share (EPS).Expects FY 2015 revenue to be similar to FY 2014 levels.Reported revenue of $65.55 million in FY 2014.Q1 2015 revenue of $19.6 million and EPS of ($0.10) - Thomson Reuters I/B/E/S.FY 2015 revenue of $79.92 million - Thomson Reuters I/B/E/S.  Full Article

Intevac Inc names James P. Moniz as Chief Financial Officer
Thursday, 30 Oct 2014 04:05pm EDT 

Intevac Inc:Says that James P. Moniz will join the company on Nov. 3, 2014.Moniz will succeed Charles Eddy as the Chief Financial Officer, Treasurer and Secretary on Nov. 12, 2014, after which Eddy will continue with the company as needed to assist Moniz and assure a smooth transition.  Full Article

Intevac Inc gives Q4 2014 guidance below analysts' estimates; lowers FY 2014 guidance - Conference call
Monday, 27 Oct 2014 04:30pm EDT 

Intevac Inc:Says Q4 2014 operating loss is expected to be between $1.8 mln and $2.9 mln, which equates to a loss in the range of $0.07 to $0.12 per share.Projects Q4 2014 revenues of $18.5 mln to $21.5 mln.Expects FY 2014 revenues of $65 mln to $68 mln.This is down from previous guidance of $73 mln to $78 mln.Expects FY 2014 operating loss of $15.8 mln to $17 mln versus prior guidance of $11 mln to $13.5 mln.Expects FY 2014 net loss of $0.63 to $0.67 per share as compared to prior guidance of a loss of $0.45 to $0.54 per share.Q4 2014 revenue of $29.9 mln, EBIT of $1.8 mln and EPS of $0.08- Thomson Reuters I/B/E/S.FY 2014 revenue of $76 mln, EBIT of $(13.1) mln and EPS of $(0.51) - Thomson Reuters I/B/E/S.  Full Article

Intevac Inc announces CFO to resign
Thursday, 4 Sep 2014 04:05pm EDT 

Intevac Inc:Says that Jeffrey S. Andreson, chief financial officer (CFO), has advised the company of his resignation, effective Sept. 19, 2014.  Full Article

Intevac Inc issues Q3 2014 guidance below analysts' estimates; lowers high end of prior FY 2014 revenue guidance; lowers FY 2014 EPS guidance - Conference call
Monday, 28 Jul 2014 04:30pm EDT 

Intevac Inc:Projects Q3 2014 consolidated revenues of $13.6 mln to $14.7 mln.Projects Q3 2014 net loss in range of $0.20 to $0.23 per share.Expects FY 2014 revenues in range of $73 mln to $80 mln.Says it has lowered high end of revenue range, due to shift in shipment timing for expected follow-on covered glass PVD system to later in year or early 2015.Expects FY 2014 net loss to be between $0.45 and $0.54 per share (EPS).Q3 2014 revenue of $22.5 mln and EPS of $(0.06) - Thomson Reuters I/B/E/S.FY 2014 revenue of $79 mln and EPS of $(0.46) - Thomson Reuters I/B/E/S.  Full Article

Intevac Inc receives 200 lean order
Monday, 28 Jul 2014 04:10pm EDT 

Intevac Inc:Says order for one 200 Lean magnetic disk sputtering system.Receives this order from an existing customer, demonstrating that the industry continues to invest in its magnetic media development and production capabilities.  Full Article

BRIEF-Intevac reports Q1 loss per share $0.31

* Q1 earnings per share view $-0.37 -- Thomson Reuters I/B/E/S