Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
We are confident that this will translate into improving financial performance throughout 2010, including a return to profitability and positive cash flow generation.
Sounds good to me!
Well, it's possible that this good news was already expected and built into the current price. However, I hope this good news brings in more investors or was better than expected and helps push it further. At least it didn't crash overnight. Good luck today!
Axcelis Tech reports Q1 EPS of ($0.11) vs. ($0.28) in 1Q09; revs rose 114% YoY to $48.5 mln
D
so the million dollar question is.........................
How does the market react to the excellent news?
Buy on rumour/sell on news? OR good earnings amazing forward look new confidence and investors?
A/H isn't reacting will have to wait till morning to find out I guess.
D
Axcelis Announces Financial Results for First Quarter 2010
BEVERLY, Mass., May 4, 2010
GLOBE NEWSWIRE
Axcelis Technologies, Inc. (Nasdaq:ACLS) today announced financial results for the quarter ended March 31, 2010.
The Company reported first quarter revenue of $48.5 million, compared to $38.7 million for the fourth quarter of 2009, a 25% increase. Net loss for the first quarter was $11.1 million, or $0.11 per share. This compares to a net loss for the fourth quarter of 2009 of $10.0 million, or $0.10 per share. Cash and cash equivalents, including restricted cash, were $41.6 million at March 31, 2010. The company used $10.2 million in cash during the quarter. The Company ended the quarter with working capital of $157.3 million.
Commenting on the Company's performance, Mary Puma, chairman and CEO, stated, "Our business continues to strengthen as demand for our customers' products increases and additional manufacturing capacity is required. As a result, we are experiencing robust growth in both new system orders and aftermarket sales. During the quarter we secured significant penetrations in high current implant and cleaning at logic, memory and foundry chip manufacturers, and we expect this traction to continue as customers recognize the competitive advantages our technology provides. We are confident that this will translate into improving financial performance throughout 2010, including a return to profitability and positive cash flow generation."
First Quarter 2010 Conference Call
The Company will host a conference call today at 5:00 pm ET to discuss results for the first quarter 2010. The call will be available to interested listeners via an audio webcast that can be accessed through Axcelis' home page at www.axcelis.com, or by dialing 1-888-713-4218 (1- 617-213-4870 outside North America). Participants calling into the conference call will be requested to provide the company name, Axcelis Technologies and pass code: 58143672. Webcast and telephone replays will be available from 8 pm ET on May 4, 2010 until 11:59 pm on July 29, 2010. Dial 1- 888-286-8010 (617-801-6888 outside North America), and enter conference ID code# 48979281.
UPCOMING EVENTS
Date Event Reminder
4-May-10 Earnings announcement Set a Reminder
RECENT EVENTS
Date Event
23-Apr-10 Price hit new 52-week high ($2.50)
22-Apr-10 Axcelis Technologies, Inc. Earnings Call scheduled for Tue, May 4
21-Apr-10 Price hit new 52-week high ($2.43)
16-Apr-10 Price hit new 52-week high ($2.36)
gotta love that!
D
a lot of anticipation on earnings news driving this up last couple of weeks, sentiment is leaning towards a good report judging by the interest and willingness to buy at daily highs
glty
D
Was out of town on Friday but good to see it get past $2.47! Looks like a nice run in progress.
great close for a Friday and we touched the 2.50 mark. This is getting real interesting. Going to miss your insight drop by and say hello when you can and have a great summer
D
Down to 10k shares. Gonna hold them 'til the fall, hoping for $4/shr+ by then. Gonna be gone a lot this Spring/Summer. Hope you will take over mod duties here. Good Luck!
new 52 week high and a healthy close! great day hopefully tomorrow picks up where we left off, if this breaks 2.50 theres a lot of room to jump!
D
New 52-week highs today! Looks like it's going to be a strong close.
Everytime I start doubting this stock it recovers and makes me even more confident that it wants to continue it's momemtum upwards.
How great would it be if it started to try and fill that huge gap from up to $4 from about 2 years ago? If it can get pick up some steam and break through $2.50 it will be good to go.
nice rebound off of Friday and a great start to the week.................wonder whats in store for us?????
D
first day this week for a small retrace, could drop a bit tomorrow into a weekend but as long as we hold above 2.00 I am more than pleased.
D
and a nice green at that, 2.25 is a new high, mind you not a ton of shares sold but still good indicator interest is growing. What I find odd is that this sees more AH trading than Pre market, I think people want to watch for a bit and see how it behaves in the am, two days in a row we have dipped more tha .05 only to rebound and gain some ground.
tomorrow could be another round of bid/ask wars.
D
Hey, whadda ya know- green afterhours. Maybe a good sign for tomorrows trading?
not quite but we are starting to form a nice base above 2. I'm fine to float around here for awhile until the next leg up
:)
D
Nice comeback today- can we close green?
I Don't want to jinx things- very happy so far!
Nice close! Green to start the week. This is getting interesting.
D
the nice part is we have yet to break a million yet today, shares are tight and if we get a few big blocks in the last half hour it could go well into close
D
agreed, looks like a little push is forming here if we close on or close to HOD next week could be crazy, watching and waiting.
btw my cousin is quite pleased as well :)
D
April has been great so far- !
looking good here getting close to eod, imo that will tell the tale for next week.
cmon greeeeeennnnnnnn!!!!!!!!
:)
D
wonder what the eod tomorrow has in store this week has been fantastic so far. We could get a small pull back being a Friday but if the pps holds or ticks up and closes green we could be in for an even better week next week!
all imho
D
OK , everyone gets a pony this time.
Thanks- same to you.
April our month?
up .18 on 3X the volume!!! news next week or delayed reaction to last pr? very interesting
GLTY and happy easter
D
ACLS, checkout the SMAs
http://stockcharts.com/h-sc/ui?s=ACLS&p=D&yr=0&mn=5&dy=0&id=p05244027457
I just realized I had put one to many zeros in that post, he bought 10 thousand not a hundred thousand :)
sorry for the typo, btw we spoke on the weekend and he is happy with his purchase (I told him to keep us in the loop if he sees a chart shaping up nicely, he really enjoys the technical side of trading)
D
Thanks for posting that! I'm still extremely bullish here . With the cash on hand and improving sales and market penetration we still appear greatly undervalued. I'm thinking this spring should be good! [pps wise I hope!].
my cousin works for sunlife and trades as a hobby. I told him about this and he picked up 100,000 shares this week. He called me to let me know tonight, he has pretty good DD skills and doesn't invest on hunches so it boosts my confidence here. I think he's looking long term and uses that 6 dollar offer before the recession as a plus.
just an FYI no pump
D
the chart on the IBOX says it all break 1.86 with volume and we are going to 2.50 for now.
Nice day yesterday Augusta! Hope to see it jump soon..
This can be ready this week for a major run
Not exactly the reaction I was expecting.....
Yeah- still have lots of cash and said business continues to improve.. market willing , we should go up!
Had very nice numbers, This is undervalued here.
Should break $2/shr Thursday
http://finance.yahoo.com/news/Axcelis-Announces-Improved-pz-3807999506.html?x=0&.v=1
.Axcelis Announces Improved Financial Results for Fourth Quarter and Full Year 2009
Company Generates Positive Cash Flow
Buzz up! 0 Print..Companies:Axcelis Technologies Inc.Topics:Earnings.Related Quotes
Symbol Price Change
ACLS 1.78 +0.06
{"s" : "acls","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Axcelis Technologies, Inc. On Wednesday February 17, 2010, 4:05 pm
BEVERLY, Mass., Feb. 17, 2010 (GLOBE NEWSWIRE) -- Axcelis Technologies, Inc. (Nasdaq:ACLS - News) today announced improved financial results for the fourth quarter and full year ended December 31, 2009.
Operations
The Company reported fourth quarter revenue of $38.7 million, compared to $35.0 million for the third quarter of 2009. Net loss for the fourth quarter was $10.0 million, or $0.10 per share. This compares to a net loss for the third quarter of 2009 of $15.9 million, or $0.15 per share. In the corresponding quarter for the previous year, the Company reported revenue of $42.0 million, and a net loss of $141.4 million, or $1.37 per share, which included charges for restructuring of $3.4 million ($0.03 per share), impairment of intangibles and long-lived assets of $46.9 million ($0.46 per share), impairment of goodwill of $42.1 million ($0.41 per share) and excess inventory of $23.2 million ($0.23 per share).
For the full year 2009, the Company reported revenue of $133.0 million compared with $250.2 million in 2008. Net loss for the year was $77.5 million, or $0.75 per share which includes charges for restructuring of $5.5 million ($0.05 per share). In 2008, the Company reported a net loss of $196.7 million, or $1.91 per share which included charges for restructuring of $6.9 million ($0.07 per share), impairment of intangible and long-lived assets of $46.9 million ($0.46 per share), impairment of goodwill of $42.1 million ($0.41 per share), and excess inventory of $24.6 million ($0.24 per share).
Balance Sheet
Cash and cash equivalents, including restricted cash, were $52.2 million at December 31, 2009. The company generated $3.7 million in cash during the quarter. The Company ended the quarter with working capital of $163.8 million.
Commenting on the Company's performance, Mary Puma, chairman and CEO, stated, "During the downturn we made positive strides in improving our business model and we are now seeing the rewards. In particular we are pleased that we generated cash in the quarter. While we expect this positive trend to continue and we believe we will be cash flow positive in 2010, quarterly cash flows may vary due to timing of shipments, customer buying patterns and investments in working capital. We are experiencing a significant increase in recent order flow and are forecasting sales to be up across all product lines and service programs. These contributions strengthen our foundation for the future, and we look forward to capitalizing on the significant opportunities that lie ahead."
Fourth Quarter 2009 Conference Call
The Company will host a conference call today at 5:00 pm ET to discuss results for the fourth quarter and full year 2009. The call will be available to interested listeners via an audio webcast at Axcelis' home page at http://www.axcelis.com/, or by dialing 1-888-679-8040 (1-617-213-4851 outside North America). Participants calling into the conference call will be requested to provide the company name, Axcelis Technologies and pass code: 68128785. Webcast and telephone replays will be available from 8 pm ET on February 17, 2010 until 11:59 pm on May 24, 2010. Dial 1-888-286-8010 (617-801-6888 outside North America), and enter conference ID code# 90659114.
Safe Harbor Statement
This document contains forward-looking statements under the SEC safe harbor provisions. These statements, which include our guidance for future financial performance, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties, many of which are outside the control of the Company, including the timing of orders and shipments, the conversion of orders to revenue in any particular quarter, or at all, our ability to implement successfully our profit plans, the continuing demand for semiconductor equipment, relative market growth, continuity of business relationships with and purchases by major customers, competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and global economic, political and financial conditions. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.
About Axcelis
Axcelis Technologies, Inc. (Nasdaq:ACLS - News), headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life support of ion implantation and cleaning systems. The company's Internet address is: http://www.axcelis.com/.
Â
Axcelis Technologies, Inc.
Consolidated Statements of Operations
In thousands, except per share amounts
(Unaudited)
    Â
    Â
    Â
 Three Months ended
December 31, Twelve Months ended
December 31,
 2009 2008 2009 2008
    Â
Revenue    Â
Systems  $ 29,347  $ 30,732  $ 98,716  $ 194,275
Services 9,390 10,520 33,917 51,880
Royalties, primarily from SEN Â --Â 725 389 4,059
 38,737 41,977 133,022 250,214
Cost of revenue    Â
Systems 21,614 48,404 84,185 161,310
Services 5,772 4,423 20,773 26,289
 27,386 52,827 104,958 187,599
    Â
Gross profit 11,351 (10,850) 28,064 62,615
    Â
Operating expenses    Â
Research and development 7,726 13,582 32,661 63,262
Sales and marketing 6,345 7,813 25,209 44,573
General and administrative 7,012 11,802 34,087 43,056
Impairment of goodwill  --  42,115  -- 42,115
Impairment of intangibles and long lived assets  --  46,949  --  46,949
Amortization of intangible assets  -- 656  -- 2,624
Restructuring charges  13  3,361  5,541  6,873
  21,096  126,278  97,498  249,452
    Â
Loss from operations (9,745) (137,128) (69,434) (186,837)
    Â
Other income (expense) Â Â Â Â
Gain on sale of SEN Â --Â Â --Â 1,080 Â --Â
Equity loss of SEN Â --Â (2,567) (3,238) (3,667)
Interest income  29 214 181 1,614
Interest expense  -- (1,739) (1,676) (6,744)
Other-net  (319) (483) (3,516) (169)
 (290) (4,575) (7,169) (8,966)
    Â
Loss before income taxes (10,035) (141,703) (76,603) (195,803)
    Â
Income taxes (credits) 1 (258) 865 861
    Â
Net loss  $ (10,036)  $ (141,445)  $ (77,468)  $ (196,664)
    Â
Net loss per share    Â
Basic and diluted net loss per share  $ (0.10)  $ (1.37)  $ (0.75)  $ (1.91)
    Â
Shares used in computing basic and diluted net loss per share    Â
Weighted average common shares outstanding  103,917  103,052  103,586  102,739
Â
Â
Axcelis Technologies, Inc.
Consolidated Balance Sheet
In thousands
(Unaudited)
 December 31,
 2009 2008
ASSETS Â Â
Current assets  Â
Cash and cash equivalents  $ 45,020  $ 37,694
Restricted cash  4,918  8,654
Accounts receivable, net 19,094 27,486
Inventories, net 114,558 150,113
Prepaid expenses and other current assets 10,016 17,231
Total current assets 193,606 241,178
  Â
Property, plant and equipment, net 40,868 44,432
Investment in SEN Â --Â 156,677
Long-term restricted cash  2,245  --Â
Other assets 13,884 12,894
  $ 250,603  $ 455,181
  Â
LIABILITIES AND STOCKHOLDERS' EQUITY Â Â
Current liabilities  Â
Accounts payable  $ 9,680  $ 8,066
Accrued compensation  9,267  15,841
Warranty  638  3,137
Income taxes  1,499  337
Deferred revenue  5,127  12,508
Other current liabilities  3,546  6,897
Current portion of convertible subordinated debt  --  83,210
Total current liabilities 29,757 129,996
  Â
Long-term deferred revenue 563 1,872
Other long-term liabilities 3,884 3,936
  Â
  Â
Stockholders' equity  Â
Preferred stock  --  --Â
Common stock 104 103
Additional paid-in capital 488,321 483,546
Treasury stock (1,218) (1,218)
Accumulated deficit (275,947) (198,479)
Accumulated other comprehensive income 5,139 35,425
  216,399  319,377
  $ 250,603  $ 455,181
Contact:
Axcelis Technologies, Inc.Editorial/MediaMaureen Hart 978.787.4266 Maureen.hart@axcelis.comFinancial CommunityStephen Bassett 978.787.4110 Stephen.bassett@axcelis.com
Love to see stocks perform the way the charts say they are going to. Seeing resistance here at $1.75, however CCI is breaking thru 100 giving us some possible momentum to break thru. WE'll see....
Nice little pop last couple hours today. Seemed to bounce off 50ma for 3 days in a row and if history repeats itself we should be moving north back over 20ma very soon, IMO...
Followers
|
23
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
719
|
Created
|
03/14/01
|
Type
|
Free
|
Moderators |
Axcelis Technologies is a provider of ion implantation equipment used in the fabrication of semiconductors, and also produces dry strip, photostabilization and rapid thermal processing equipment. http://www.axcelis.com
Charting thanks to 4Godnwv and Augustafriends
http://www.mffais.com/125149 FMR CORP 15 million plus share holder
http://www.mffais.com/1866889 Sterling Capital 9 million plus shareholder
http://www.mffais.com/209170 Donald smith and company 10 million plus shareholder
http://www.nasdaq.com/asp/holdings.asp?symbol=ACLS&selected=ACLS&FormType=Institutional Tradewinds global investors global llc 7 million plus shareholder
http://www.nasdaq.com/asp/holdings.asp?symbol=ACLS&selected=ACLS&FormType=Institutional Barclays Global investors holdings LTD UK 4.5 million plus shareholder
http://www.mffais.com/acls Unprecedented institutional holdings for a .50 stock.
103 million shares outstanding- aprox 50 million dollars cash and 100 million in assets coporate headquarters and tools/machinery etc.
With planned layoffs and other cost saving measures company value could be considered up to $2.50/shr
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |