>> August Technology Expects to Exceed Revenue Guidance for Fourth Quarter 2003 Tuesday January 6, 8:33 am ET Strong Order Bookings Also Result in Record Backlog
MINNEAPOLIS--(BUSINESS WIRE)--Jan. 6, 2004--August Technology Corporation (Nasdaq:AUGT - News), a leading supplier of inspection and metrology solutions for the microelectronic industries, today announced that it expects to exceed previous revenue guidance for the fourth quarter ended December 31, 2003. The Company expects to report revenues increased to approximately $14 million, or 20%, sequentially. In its third quarter 2003 financial release, the Company had expected revenues for the fourth quarter to increase 5% to 15% sequentially. Revenues for 2003 are expected to be approximately $40 million, or 60% higher than 2002. The Company also announced that fourth quarter orders grew faster than revenues, marking the sixth consecutive quarter that its book-to-bill ratio exceeded parity.
August Technology plans to release financial results for the fourth quarter and full year 2003 on February 11, 2004, prior to market opening.