Key Developments: Intevac Inc (IVAC.OQ)

IVAC.OQ on NASDAQ Stock Exchange Global Select Market

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11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Intevac Inc reaffirms Q2, FY 2014 guidance - Conference Call
Monday, 28 Apr 2014 04:30pm EDT 

Intevac Inc:Expects Q2 2014 consolidated revenues of $12.5 million to $13.5 million.Expects Q2 2014 net loss in the range of $0.21 to $0.24 per share.Says FY 2014 is largely unchanged.Expects FY 2014 revenues in the range of $73 million to $83 million.Expects FY 2014 net loss to be between $0.41 and $0.49 per share.FY 2014 revenue of $81 million and EPS of $(0.47) - Thomson Reuters I/B/E/S.  Full Article

Intevac Inc receives PVD deposition system order for mobility market application
Tuesday, 22 Apr 2014 08:00am EDT 

Intevac Inc:Receives order for thin-film physical vapor deposition (PVD) development system, configured to deposit diamond-like carbon (DLC).This system will be deployed into the touch screen cover glass manufacturing industry and is expected to ship mid-year and achieve qualification by year-end 2014.  Full Article

Intevac Inc gives Q2 2014 mixed outlook; reaffirms FY 2014 outlook
Monday, 21 Apr 2014 08:00am EDT 

Intevac Inc:Expects Q2 2014 revenues of $12.5 to $13.5 mln.Expects Q2 2014 net loss in the range of $0.21 to $0.24 per share.Expects FY 2014 revenues in the range of $73 to $83 mln.Expects FY 2014 net loss to be between $0.41 and $0.49 per share.Q2 2014 revenue of $19.7 mln, EPS of $(0.12) - Thomson Reuters I/B/E/S.FY 2014 revenue of $80 mln, EPS of $(0.49) - Thomson Reuters I/B/E/S.  Full Article

Intevac Inc Announces $30 Million Repurchase Program
Thursday, 21 Nov 2013 08:00pm EST 

Intevac Inc announced that its Board of Directors has authorized the repurchase of $30 million of the Company's common stock. Effective immediately, the Repurchase Program will begin to be implemented in the current quarter. The $30 million Program represents over one-third of the Company's balance of cash and investments as of September 28, 2013. This $30 million program is effective immediately and will be funded using the Company`s available cash and investments. Share repurchases under this program may be made through open market and privately negotiated transactions, at times and in such amounts as management deems appropriate.  Full Article

Intevac Inc issues Q4 2013 revenue guidance below analysts' estimates - conference call
Monday, 28 Oct 2013 04:39am EDT 

Intevac Inc:Sees consolidated Q4 revenues of $19 million to $20 million.Revenues of $27.23 million for the fourth quarter of 2013 - Thomson Reuters I/B/E/S Estimates.  Full Article

Intevac Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Monday, 29 Jul 2013 04:30pm EDT 

Intevac Inc announced that for the third quarter of 2013, it expects revenues of $18.5 million to $19.5 million and net loss in the range of $0.16 to $0.20 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $19.4 million and EPS of ($0.20) for the third quarter of 2013.  Full Article

Intevac Inc Names Wendell Blonigan President and CEO
Tuesday, 9 Jul 2013 09:04am EDT 

Intevac Inc announced that Mr. Wendell Blonigan will join the Company as President and Chief Executive Officer (CEO) on July 15, 2013. Mr. Norman Pond, Intevac's founder and current CEO, will continue as Chairman of the Board of Directors.  Full Article

Intevac Inc's Subsidiary Receives Contract For International Military Helicopter Platform
Monday, 8 Jul 2013 09:00am EDT 

Intevac Inc's subsidiary Intevac Photonics announced that their ISIE10 EBAPS camera was selected as the digital low light sensor for an international helicopter night vision-based landing system. This application will assist pilots with safe landings by sending pertinent data directly to the crew`s helmet-mounted display reducing the need to look into the cockpit for speed and other vital information.  Full Article

Intevac Inc's Intevac Photonics Receives $27 Million Production Contract From U.S. Army
Wednesday, 12 Jun 2013 04:05pm EDT 

Intevac Photonics, a subsidiary of Intevac, Inc., announced it has received a contract for $27 million for the production of night vision cameras for the Apache Helicopter`s Pilot Night Vision Sensor (PNVS) program for the U.S. Army. This contract, from the U.S. Army's PM Apache Office in Huntsville, Alabama, includes the delivery of over 500 M611 cameras, which are based on Intevac`s patented EBAPS (Electron Bombarded Active Pixel Sensor) design of digital imaging sensors for extreme low-light level detection.  Full Article

Intevac Inc Issues Q2 2013 Guidance Below Analysts' Estimates-Conference Call
Monday, 29 Apr 2013 08:30am EDT 

Intevac Inc announced that for the second quarter of 2013, it expects revenues of $14 million to $16.5 million and net loss in the range of $0.31 to $0.33 per share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $17.9 million and EPS of ($0.25) for the second quarter of 2013.  Full Article

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