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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."
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February 26, 2015
08:05 EDTACLSAxcelis wins new order for 'Purion XE' high enery implanter
Axcelis has received a new order for the company's Purion XE single wafer, high energy implanter. The Purion XE will support a new capacity expansion at a memory fab in the Asia Pacific Region, and will be used in high volume production of 3D NAND Flash devices. The system shipped in Q1.

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