New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 7, 2014
17:05 EDTACLSAxcelis lowers Q2 EPS view to (7c)-(5c) from (2c)-0c, consensus (1c)
Lowers Q2 revenue guidance to $40M-$42M from $55M-$60M, consensus $54.01M. Axcelis Technologies announced that multiple systems planned for late June shipment pushed out of Q2 due to customer timing issues, and as a result, the company now expects revenue for the Q2 to be between $40M-$42M, down from the previous revenue guidance of $55M-$60M. The company expects EPS will be in the range of (7c)-(5c) for the quarter. Previous EPS guidance for the Q2 was a range of (2c)-0c. The company also reported the first Purion H high current implanter was shipped in June to a leading Asia-Pacific chipmaker, where it will join Purion XE and Purion M systems already in place. Kevin Brewer, executive vice president and CFO said, "Our updated guidance for the second quarter reflects late-quarter system push-outs at a time of overall muted customer spending. We expect to receive these orders in the future. As memory spending accelerates in the second half of this year, we will benefit from the full Purion platform at a number of customers." Brewer continued, "To ensure the success of the Purion platform as the market improves, we are driving further internal cost reduction. We are taking steps in Q3 to reduce our operating expenses from $20M-$21M down to $17M-$18M. This will lower our quarterly breakeven revenue to under $50M and our operating cash breakeven to under $42M. Our cash position remains sound and these adjustments safeguard funding for our Purion development and penetration plans."
News For ACLS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2015
08:24 EDTACLSAxcelis receives multiple Purion XE implanter orders from foundries
Axcelis has received multiple orders for its Purion XE high energy implanter. The orders include the penetration of two new 200mm foundries and a follow on order from a 300mm foundry. The Purion XE's will be used in high volume production of 28nm specialty logic, MEMS, image sensor and power devices. The systems are expected to ship in Q1.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use