ASYS AMTECH SYSTEMS INC

Overview and Growth

In fiscal 2025, AMTECH SYSTEMS INC recorded $79.36M of revenue, net loss of $30.33M, and an operating cash inflow of $7.88M. At $79.36M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Compared with $101.21M in fiscal 2024, revenue decreased 21.6%, a top-line contraction that reduced operating scale. Diluted earnings per share were -$2.12, translating the period’s attributable earnings into the amount reported for each diluted share. Asset turnover was 0.85x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $26.98M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 34.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $28.49M after the reported operating expense base. Relative to revenue, the operating deficit measured 35.9%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $30.33M for the fiscal year. The net loss equaled 38.2% of revenue, showing the bottom-line deficit relative to the company’s sales base. The company reported a pretax loss of $27.99M, before the effect of income taxes. Pretax margin was -35.3%, reflecting a pre-tax loss equal to 35.3% of revenue. The company recognized $2.33M of income tax for the period, completing the transition from pretax income to net income. The net loss equaled 56.8% of period-end equity, showing the deficit relative to book capital. Relative to total assets, the net loss represented 32.7%.

Liquidity and Capital Structure

Total assets were $92.87M, supported by $39.49M of liabilities and $53.38M of shareholder equity. The near-term balance sheet paired $60.18M of current assets with $20.48M of current liabilities at the reporting date. Current assets covered current liabilities by 2.94x, leaving a positive buffer for near-term obligations. The company held $17.90M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 87.4% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $294.00K of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.01x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 0.3%, showing how much of the asset base was matched by borrowing. Liabilities represented 42.5% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 19.3% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 21.9% from $118.95M in fiscal 2024, leaving current total assets lower year over year. Reported equity changed 35.2% from $82.36M in fiscal 2024, placing the current capital base lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $7.88M, a reported cash inflow that can be compared directly with net income and capital spending. Capital spending was $950.00K, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 12.1% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $6.93M, leaving cash available for debt reduction, shareholder returns, or further investment. Relative to revenue, free cash flow equaled 8.7%, showing how much sales converted into cash after investment. Measured against total assets, free cash flow represented 7.5%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Sep 30, 2025. Analysis generated Oct 21, 2026.