Axcelis technologies inc (ACLS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Revenue

118,991

107,723

69,453

74,305

91,477

105,683

95,374

119,333

122,185

116,396

104,482

102,790

86,893

69,358

65,650

64,451

67,521

70,458

79,317

78,437

73,283

62,530

38,531

41,150

60,840

58,574

48,831

47,501

40,726

44,625

44,640

59,114

55,006

60,411

72,455

93,380

93,170

75,106

58,203

Cost of revenue:
Cost of revenue

73,442

63,407

38,872

42,556

53,971

62,116

55,461

70,333

75,029

79,676

64,731

63,728

52,179

42,411

41,546

39,320

44,105

48,485

50,138

51,263

49,903

43,734

23,387

26,666

39,100

37,295

31,855

30,764

27,783

44,145

30,273

36,326

34,470

37,788

45,560

59,242

62,089

53,636

38,335

Gross profit

45,549

44,316

30,581

31,749

37,506

43,567

39,913

49,000

47,156

36,720

39,751

39,062

34,714

26,947

24,104

25,131

23,416

21,973

29,179

27,174

23,380

18,796

15,144

14,484

21,740

21,279

16,976

16,737

12,943

480

14,367

22,788

20,536

22,623

26,895

34,138

31,081

21,470

19,868

Operating expenses:
Research and development

14,606

13,596

12,930

13,720

13,685

14,245

12,845

12,553

12,233

10,917

11,003

11,256

9,895

8,795

8,493

8,478

8,636

7,907

8,581

7,899

8,199

7,481

7,950

8,845

9,257

8,899

8,148

8,503

9,206

8,403

9,851

10,478

11,669

12,140

11,389

11,829

11,818

9,872

9,477

Sales and marketing

8,204

8,879

8,057

8,436

8,918

9,362

7,923

8,912

8,411

7,197

6,801

7,485

7,049

6,097

5,992

5,790

5,960

5,517

6,322

5,858

5,628

5,309

4,891

5,037

5,476

5,034

5,330

5,594

5,201

7,605

5,470

6,231

6,583

6,524

7,237

7,675

7,819

7,151

6,606

General and administrative

9,036

8,629

7,707

7,583

7,807

8,438

8,477

8,268

8,010

7,842

8,112

7,791

7,057

6,190

5,988

6,232

6,042

6,143

6,584

6,231

6,101

5,603

5,380

6,494

6,481

6,305

6,164

6,412

6,590

5,942

6,325

6,488

7,799

5,245

8,458

8,416

9,055

7,885

7,464

Gain on sale of dry strip assets and intellectual property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

799

368

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

282

0

0

8

10

-27

2,288

160

200

0

112

421

1,801

557

578

153

2,881

-

-

-

-

-

-

Total operating expenses

31,846

31,104

28,694

29,739

30,410

32,045

29,245

29,733

28,654

25,956

25,916

26,532

24,001

21,082

20,473

20,500

20,920

19,567

21,487

19,996

19,938

18,366

20,509

20,536

21,414

20,238

19,754

20,131

22,430

14,603

22,224

23,350

28,932

23,909

27,084

27,920

28,692

24,908

23,547

Income from operations

13,703

13,212

1,887

2,010

7,096

11,522

10,668

19,267

18,502

10,764

13,835

12,530

10,713

5,865

3,631

4,631

2,496

2,406

7,692

7,178

3,442

430

-5,365

-6,052

326

1,041

-2,778

-3,394

-9,487

-14,123

-7,857

-562

-8,396

-1,286

-189

6,218

2,389

-3,438

-3,679

Other (expense) income:
Interest income

482

582

687

845

841

810

593

515

410

315

219

111

69

77

53

54

54

48

7

6

3

26

2

2

2

35

3

3

3

18

9

9

9

18

7

11

6

15

25

Interest expense

1,303

1,306

1,308

1,311

1,230

1,323

1,323

1,127

1,337

1,337

1,337

1,336

1,111

1,346

1,342

1,338

1,047

1,349

1,274

1,310

1,043

257

304

257

251

-

193

51

-

-

-

-

-

-

-

-

-

-

-

Other, net

-620

169

-890

-189

-173

-762

-592

-1,016

-102

396

138

16

-154

-412

-55

-238

-59

-50

-167

49

-433

249

1,352

-362

292

-336

-1,252

-314

829

-495

-627

551

-924

342

1,563

-1,158

-450

-1,996

342

Total other expense

-1,441

-555

-1,511

-655

-562

-1,275

-1,322

-1,628

-1,029

-626

-980

-1,209

-1,196

-1,681

-1,344

-1,522

-1,052

-1,351

-1,434

-1,255

-1,473

18

1,050

-617

43

-514

-1,442

-362

832

-477

-618

560

-915

360

1,570

-1,147

-444

-1,981

367

Income before income taxes

12,262

12,657

376

1,355

6,534

10,247

9,346

17,639

17,473

10,138

12,855

11,321

9,517

4,184

2,287

3,109

1,444

1,055

6,258

5,923

1,969

448

-4,315

-6,669

369

527

-4,220

-3,756

-8,655

-14,600

-8,475

-2

-9,311

-926

1,381

5,071

1,945

-5,419

-3,312

Income tax provision

1,000

2,889

-300

799

500

1,784

508

2,970

3,558

-81,542

1,014

-2,611

11

219

136

172

-504

229

157

40

101

284

389

231

195

-86

530

263

333

217

243

469

717

1,187

230

844

133

854

1,217

Net income

11,221

9,712

704

556

6,062

8,463

8,838

14,669

13,915

91,680

11,841

13,932

9,506

3,965

2,151

2,937

1,948

826

6,101

5,883

1,868

164

-4,704

-6,900

174

613

-4,750

-4,019

-8,988

-14,817

-8,718

-471

-10,028

-2,113

1,151

4,227

1,812

-6,273

-4,529

Net income per share:
Basic (in dollars per share)

0.34

0.29

0.02

0.02

0.19

0.26

0.27

0.46

0.43

2.95

0.38

0.46

0.32

0.14

0.07

0.10

0.07

0.07

0.21

0.21

0.02

-0.30

-0.04

-0.06

0.00

-

-

-

-0.08

-

-

-

-

-

-

-

-

-0.06

-0.04

Diluted (in dollars per share)

0.33

0.28

0.02

0.02

0.18

0.25

0.26

0.43

0.41

2.74

0.35

0.42

0.29

0.13

0.07

0.10

0.06

0.07

0.20

0.20

0.02

-0.30

-0.04

-0.06

0.00

-

-

-

-0.08

-

-

-

-

-

-

-

-

-0.06

-0.04

Basic and Diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

-0.04

-

-

-0.08

0.00

-0.09

-

0.01

0.04

0.02

-

-

Shares used in computing net income per share:
Basic weighted average common shares

32,872

32,480

32,344

32,729

32,683

32,471

32,365

32,214

32,094

31,829

31,274

30,589

29,772

29,424

29,221

29,097

29,038

-55,918

28,700

28,446

113,152

-222,114

111,701

111,212

110,649

-

-

-

108,227

-

-

-

-

106,486

106,417

106,097

105,936

104,628

104,170

Diluted weighted average common shares

34,057

33,864

33,323

33,901

34,224

33,970

33,973

33,942

34,123

34,797

33,524

33,168

32,255

31,530

31,037

30,701

30,520

-58,423

30,466

30,153

118,720

-227,263

111,701

111,212

115,798

-

-

-

108,227

-

-

-

-

108,498

108,192

108,911

110,791

104,628

104,170

Basic and diluted weighted average common shares (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109,074

108,409

-

-

107,855

107,639

107,067

-

-

-

-

-

-

Product
Revenue

112,133

102,304

64,290

68,714

84,197

98,883

88,496

112,521

116,022

110,446

98,161

96,539

81,978

63,959

59,302

58,859

62,175

64,802

73,795

72,748

67,530

57,076

32,360

34,795

55,015

51,432

42,934

40,769

34,452

38,213

37,093

51,465

47,538

52,037

64,350

84,334

86,603

66,162

50,693

Cost of revenue

67,172

57,619

33,587

37,188

47,338

55,023

49,136

63,913

68,374

72,390

58,056

57,689

46,797

37,746

36,360

34,638

40,263

43,617

45,698

46,560

45,185

39,639

18,823

21,021

33,802

31,701

27,339

25,457

22,181

38,901

24,809

30,599

29,284

31,408

40,055

52,905

56,873

47,848

33,690

Services
Revenue

6,858

5,419

5,163

5,591

7,280

6,800

6,878

6,812

6,163

5,950

6,321

6,251

4,915

5,399

6,348

5,592

5,346

5,656

5,522

5,689

5,753

5,454

6,171

6,355

5,825

7,142

5,897

6,732

6,274

6,412

7,547

7,649

7,468

8,374

8,105

9,046

6,567

8,944

7,510

Cost of revenue

6,270

5,788

5,285

5,368

6,633

7,093

6,325

6,420

6,655

7,286

6,675

6,039

5,382

4,665

5,186

4,682

3,842

4,868

4,440

4,703

4,718

4,095

4,564

5,645

5,298

5,594

4,516

5,307

5,602

5,244

5,464

5,727

5,186

6,380

5,505

6,337

5,216

5,788

4,645