INTEVAC INC
intevac.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2024 10-K, filed Feb 14, 2025. Its latest SEC filing is a 15-12G from Apr 14, 2025.
10-K for FY2024, filed Feb 14, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Designs and sells thin-film equipment, upgrades, spare parts and field service for hard disk drive and magnetic-disk manufacturers.
10-K for FY2024, filed Feb 14, 2025HDD Equipment MarketView ↗
Intevac designs, manufactures, markets and services complex capital equipment used to deposit thin films and lubricants onto substrates to…View ↗
The Company operates in a single segment, Thin Film Equipment (“TFE”). TFE designs, develops and markets vacuum process equipment solutions…View ↗
How Did They Make Money?
Customers pay for systems in installments: part at order, part at shipment, and the balance upon installation and acceptance. Intevac also sells upgrades, spare parts and field service; most equipment sales are counted when shipped.
10-K for FY2024, filed Feb 14, 2025The Company operates in a single segment, Thin Film Equipment (“TFE”). TFE designs, develops and markets vacuum process equipment solutions…View ↗
The production of large complex systems requires Intevac to make significant investments in inventory both to fulfill customer orders and…View ↗
A majority of our equipment sales revenue, which includes systems, technology upgrades, service and spare parts is recognized when products…View ↗
$64M
-
10-K for FY2024, filed Feb 14, 2025
$64M ↗
Who Were Their Customers?
HDD and magnetic-disk manufacturers buy Intevac’s equipment primarily through its direct sales force; distributors also sell its products in Japan.
10-K for FY2024, filed Feb 14, 2025
10-K for FY2024, filed Feb 14, 2025
2024 2023 Seagate Technology 91 % 92 %View ↗
Did Revenues Turn Into Profits?
No. It lost $39.8M in FY2024.
10-K for FY2024, filed Feb 14, 2025
How Were They Changing?
-
Mar 31, 2025
Intevac became a wholly owned Seagate subsidiary
The merger closed after the purchaser accepted all validly tendered shares.
Sources
8-K, filed Mar 31, 2025
As described in the Introductory Note above, on March 31, 2025, Purchaser irrevocably accepted for payment all shares of Common Stock…View ↗
Who Did They Compete With?
Competes with Canon Anelva, Kaufmann and Robinson, and Techleader Tooling
10-K for FY2024, filed Feb 14, 2025The principal competitive factors affecting the markets for Intevac’s products include price, product performance and functionality, ease…View ↗
Loading...
