Intevac (Nasdaq: IVAC ) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Intevac met expectations on revenues and exceeded expectations on earnings per share.
Compared with the prior-year quarter, revenue dropped slightly and GAAP loss per share dropped.
Gross margins increased, operating margins were steady, net margins increased.
Intevac reported revenue of $17.3 million. The three analysts polled by S&P Capital IQ anticipated sales of $17.4 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $17.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.18. The three earnings estimates compiled by S&P Capital IQ anticipated -$0.24 per share. GAAP EPS were -$0.14 for Q1 compared to -$0.31 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.4%, 280 basis points better than the prior-year quarter. Operating margin was -52.9%, about the same as the prior-year quarter. Net margin was -18.3%, 2,210 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $24.1 million. On the bottom line, the average EPS estimate is -$0.20.
Next year's average estimate for revenue is $129.4 million. The average EPS estimate is -$0.34.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 197 members out of 212 rating the stock outperform, and 15 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Intevac a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intevac is outperform, with an average price target of $10.00.
Looking to profit from the makers of computer hardware? You may be missing something obvious about where the money will be made in the tech industry of the future. Is Intevac on the right side of the revolution? Check out the changing landscape and meet the company that Motley Fool analysts expect to lead "The Next Trillion-Dollar Revolution." Get instant access to this free report.