Intevac First Quarter 2023 Earnings: Beats Expectations
Intevac (NASDAQ:IVAC) First Quarter 2023 Results
Key Financial Results
Revenue: US$11.5m (up 160% from 1Q 2022).
Net loss: US$4.17m (loss narrowed by 46% from 1Q 2022).
US$0.16 loss per share (improved from US$0.31 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Intevac Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Tech industry in the US.
Performance of the American Tech industry.
The company's shares are down 21% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Intevac (including 1 which is concerning).
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
