2022 Q1 Form 10-Q Financial Statement

#000095017022009352 Filed on May 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q3 2021 Q1
Revenue $27.56M $24.34M $19.79M
YoY Change 39.24% 61.36% 36.86%
Cost Of Revenue $16.40M $15.13M $12.06M
YoY Change 35.93% 49.41% 32.52%
Gross Profit $11.16M $9.211M $7.728M
YoY Change 44.41% 85.78% 44.23%
Gross Profit Margin 40.5% 37.84% 39.05%
Selling, General & Admin $6.765M $6.558M $5.688M
YoY Change 18.93% 24.61% 5.04%
% of Gross Profit 60.62% 71.2% 73.6%
Research & Development $1.869M
YoY Change 83.78%
% of Gross Profit 24.18%
Depreciation & Amortization $434.0K $360.0K $310.0K
YoY Change 40.0% 9.09% 10.71%
% of Gross Profit 3.89% 3.91% 4.01%
Operating Expenses $6.765M $6.558M $7.557M
YoY Change -10.48% 24.61% 17.49%
Operating Profit $2.595M $1.296M $171.0K
YoY Change 1417.54% -209.74% -117.59%
Interest Expense $10.00K $34.00K $70.00K
YoY Change -85.71% -109.71% -88.14%
% of Operating Profit 0.39% 2.62% 40.94%
Other Income/Expense, Net $30.00K $46.00K $73.00K
YoY Change -58.9% -113.14% -87.73%
Pretax Income $2.625M $1.342M $244.0K
YoY Change 975.82% -187.66% -164.72%
Income Tax $700.0K $676.0K $500.0K
% Of Pretax Income 26.67% 50.37% 204.92%
Net Earnings $1.965M $666.0K -$246.0K
YoY Change -898.78% -132.89% -97.9%
Net Earnings / Revenue 7.13% 2.74% -1.24%
Basic Earnings Per Share $0.14 $0.05 -$0.02
Diluted Earnings Per Share $0.14 $0.05 -$0.02
COMMON SHARES
Basic Shares Outstanding 13.98M 14.19M 14.15M
Diluted Shares Outstanding 14.14M 14.39M 14.15M

Balance Sheet

Concept 2022 Q1 2021 Q3 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.90M $32.84M $40.40M
YoY Change -30.95% -27.19% -18.05%
Cash & Equivalents $27.90M $32.84M $40.40M
Short-Term Investments
Other Short-Term Assets $3.440M $2.407M $1.700M
YoY Change 102.35% 48.86% -22.73%
Inventory $24.39M $22.08M $16.39M
Prepaid Expenses
Receivables $30.78M $22.50M $17.00M
Other Receivables $0.00 $1.046M $1.000M
Total Short-Term Assets $87.04M $80.87M $76.60M
YoY Change 13.62% 5.61% -6.13%
LONG-TERM ASSETS
Property, Plant & Equipment $13.45M $14.08M $18.00M
YoY Change -25.29% 17.41% 78.22%
Goodwill $11.17M $11.17M
YoY Change 68.37%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $618.0K $661.0K $1.300M
YoY Change -52.46% 9.8% 116.67%
Total Long-Term Assets $35.15M $36.05M $31.34M
YoY Change 12.18% 41.2% 74.11%
TOTAL ASSETS
Total Short-Term Assets $87.04M $80.87M $76.60M
Total Long-Term Assets $35.15M $36.05M $31.34M
Total Assets $122.2M $116.9M $107.9M
YoY Change 13.21% 14.51% 8.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.635M $8.229M $5.900M
YoY Change 63.31% 207.51% 34.09%
Accrued Expenses $679.0K $903.0K $4.000M
YoY Change -83.03% 44.02% 21.21%
Deferred Revenue $5.576M $1.600M $295.0K
YoY Change 1790.17% 30.72% -80.74%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $405.0K $396.0K $400.0K
YoY Change 1.25% 4.21% 0.0%
Total Short-Term Liabilities $21.41M $15.11M $10.60M
YoY Change 101.93% 102.07% 9.31%
LONG-TERM LIABILITIES
Long-Term Debt $4.195M $4.402M $4.600M
YoY Change -8.8% -8.25% -7.8%
Other Long-Term Liabilities $48.00K $102.0K $9.300M
YoY Change -99.48% -98.77% 244.44%
Total Long-Term Liabilities $4.243M $4.504M $13.90M
YoY Change -69.47% -6.13% 178.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.41M $15.11M $10.60M
Total Long-Term Liabilities $4.243M $4.504M $13.90M
Total Liabilities $37.03M $31.28M $24.50M
YoY Change 51.15% 51.99% 40.47%
SHAREHOLDERS EQUITY
Retained Earnings -$38.87M -$40.90M
YoY Change -3.56%
Common Stock $139.0K $143.0K
YoY Change 1.42%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $85.16M $85.63M $83.40M
YoY Change
Total Liabilities & Shareholders Equity $122.2M $116.9M $107.9M
YoY Change 13.24% 14.51% 8.34%

Cashflow Statement

Concept 2022 Q1 2021 Q3 2021 Q1
OPERATING ACTIVITIES
Net Income $1.965M $666.0K -$246.0K
YoY Change -898.78% -132.89% -97.9%
Depreciation, Depletion And Amortization $434.0K $360.0K $310.0K
YoY Change 40.0% 9.09% 10.71%
Cash From Operating Activities -$2.850M -$3.190M -$370.0K
YoY Change 670.27% 376.12% -125.52%
INVESTING ACTIVITIES
Capital Expenditures -$80.00K -$2.222M -$230.0K
YoY Change -65.22% 22.09% 27.78%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$5.080M
YoY Change -100.0% -45.32%
Cash From Investing Activities -$80.00K -$2.222M -$5.320M
YoY Change -98.5% 22.09% -43.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.474M 302.0K 700.0K
YoY Change -310.57% -3120.0% -134.65%
NET CHANGE
Cash From Operating Activities -2.850M -3.190M -370.0K
Cash From Investing Activities -80.00K -2.222M -5.320M
Cash From Financing Activities -1.474M 302.0K 700.0K
Net Change In Cash -4.404M -5.110M -4.990M
YoY Change -11.74% 104.4% -50.3%
FREE CASH FLOW
Cash From Operating Activities -$2.850M -$3.190M -$370.0K
Capital Expenditures -$80.00K -$2.222M -$230.0K
Free Cash Flow -$2.770M -$968.0K -$140.0K
YoY Change 1878.57% -184.17% -108.59%

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14151000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14118000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14121000
CY2022Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
102000
CY2021Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-225000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
339000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
370000
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2067000
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-471000
CY2020Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
65000
CY2020Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
135000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
83033000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-246000
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-225000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
81519000
CY2020Q4 us-gaap Profit Loss
ProfitLoss
719000
CY2020Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
595000
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
84000
CY2021Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
795000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
83441000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
85634000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
189000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4215000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
741000
us-gaap Share Based Compensation
ShareBasedCompensation
240000
us-gaap Share Based Compensation
ShareBasedCompensation
149000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
41000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
28000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5082000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8321000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5485000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2433000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-859000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-125000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5515000
CY2021Q4 us-gaap Profit Loss
ProfitLoss
997000
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
237000
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
103000
CY2021Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2713000
CY2021Q4 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
69000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
84327000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
1965000
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
102000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
137000
CY2022Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1402000
CY2022Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
29000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
85158000
us-gaap Profit Loss
ProfitLoss
2962000
us-gaap Profit Loss
ProfitLoss
473000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
864000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
644000
us-gaap Inventory Write Down
InventoryWriteDown
115000
us-gaap Inventory Write Down
InventoryWriteDown
230000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
788000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1132000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1407000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3122000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1272000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
536000
asys Increase Decrease In Accrued And Other Liabilities
IncreaseDecreaseInAccruedAndOtherLiabilities
331000
asys Increase Decrease In Accrued And Other Liabilities
IncreaseDecreaseInAccruedAndOtherLiabilities
1232000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3951000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-929000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-361000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-265000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
125000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
433000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
98000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
930000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4115000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
198000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
286000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
368000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4415000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-4671000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32836000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45070000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28421000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40399000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
250000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-277000
us-gaap Interest Paid Net
InterestPaidNet
123000
us-gaap Interest Paid Net
InterestPaidNet
109000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> – The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></p>
CY2021Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1600000
CY2022Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
500000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1600000
CY2022Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0411
asys Debt Instrument Maturity Period Month Year
DebtInstrumentMaturityPeriodMonthYear
2023-09
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1260416666666666;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Concentrations of Credit Risk </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">– Our customers consist of semiconductor manufacturers worldwide, as well as the lapping and polishing marketplace. Financial instruments that potentially subject us to significant concentrations of credit risk consist principally of cash and trade accounts receivable. Credit risk is managed by performing ongoing credit evaluations of the customers’ financial condition, by requiring significant deposits where appropriate, and by actively monitoring collections. Letters of credit are required of certain customers depending on the size of the order, type of customer or its creditworthiness, and country of domicile.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1260416666666666;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1260416666666666;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">As of March 31, 2022, one </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Semiconductor segment customer individually represented </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">28</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">% of accounts receivable. As of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">September 30, 2021</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">, one Semiconductor segment customer individually represented </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">14</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">% of accounts receivable.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1260416666666666;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1260416666666666;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">We maintain our cash and cash equivalents in multiple financial institutions. Balances in the United States, which account for approximately </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">77</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">% and </span><span style="font-size:10.0pt;font-family:Times New Roman;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">83</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">% of total cash balances as of </span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">March 31, 2022 and September 30, 2021, respectively, are primarily invested in U.S. Treasuries or are in financial institutions insured by the Federal Deposit Insurance Corporation. The remainder of our cash is maintained with financial institutions with reputable credit in China, the United Kingdom and Malaysia. We maintain cash in bank accounts in amounts which at times may exceed federally insured limits. We have not experienced any losses on such accounts.</span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.1260416666666666;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="text-indent:4.533%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;min-width:fit-content;">Refer to Note 11 to Condensed Consolidated Financial Statements for information regarding major customers, foreign sales and revenue in other countries subject to fluctuation in foreign currency exchange rates.</span></p>
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1965000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-246000
us-gaap Net Income Loss
NetIncomeLoss
2962000
us-gaap Net Income Loss
NetIncomeLoss
473000
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13979000
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14151000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14118000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14121000
CY2022Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
165000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
96000
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14144000
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14151000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14318000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14217000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.21
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
CY2022Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
18056000
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
16260000
CY2022Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
5512000
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
4865000
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4927000
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5055000
CY2022Q1 us-gaap Inventory Gross
InventoryGross
28495000
CY2021Q3 us-gaap Inventory Gross
InventoryGross
26180000
CY2022Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4102000
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4105000
CY2022Q1 us-gaap Inventory Net
InventoryNet
24393000
CY2021Q3 us-gaap Inventory Net
InventoryNet
22075000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8441000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8646000
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
170000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
174000
CY2022Q1 asys Lease Right Of Use Asset
LeaseRightOfUseAsset
8611000
CY2021Q3 asys Lease Right Of Use Asset
LeaseRightOfUseAsset
8820000
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
496000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
470000
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
67000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
61000
CY2022Q1 asys Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
563000
CY2021Q3 asys Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
531000
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8075000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8279000
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
100000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
110000
CY2022Q1 asys Finance And Operating Lease Liability Noncurrent
FinanceAndOperatingLeaseLiabilityNoncurrent
8175000
CY2021Q3 asys Finance And Operating Lease Liability Noncurrent
FinanceAndOperatingLeaseLiabilityNoncurrent
8389000
CY2022Q1 asys Lease Liability
LeaseLiability
8738000
CY2021Q3 asys Lease Liability
LeaseLiability
8920000
CY2022Q1 us-gaap Lease Cost
LeaseCost
304000
CY2021Q1 us-gaap Lease Cost
LeaseCost
161000
us-gaap Lease Cost
LeaseCost
602000
us-gaap Lease Cost
LeaseCost
311000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
534000
CY2022Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
53000
CY2022Q1 asys Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
587000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1063000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
115000
CY2022Q1 asys Operating And Finance Lease Liability Payments Due Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1178000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1044000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
96000
CY2022Q1 asys Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
1140000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1033000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
48000
CY2022Q1 asys Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
1081000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
917000
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
48000
CY2022Q1 asys Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
965000
CY2022Q1 asys Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
8872000
CY2022Q1 asys Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
25000
CY2022Q1 asys Operating And Finance Lease Liability Payments Due After Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
8897000
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13463000
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
385000
CY2022Q1 asys Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
13848000
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4892000
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
29000
CY2022Q1 asys Operating And Finance Lease Liabilities Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilitiesUndiscountedExcessAmount
4921000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8571000
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
356000
CY2022Q1 asys Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
8927000
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Operating lease payments include $6.5 million related to optional lease extension periods for multiple leases that are not yet exercisable but are reasonably certain of being exercised.
us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
asys Lessee Payments In Optional Extension Periods
LesseePaymentsInOptionalExtensionPeriods
6500000
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16Y7M2D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M28D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0417
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0417
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
500000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
600000
asys Income Tax Expense Benefit Related To Reversal Of Previously Recorded Uncertain Tax Positions
IncomeTaxExpenseBenefitRelatedToReversalOfPreviouslyRecordedUncertainTaxPositions
-300000
CY2022Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
1000000.0
CY2021Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
900000
CY2022Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
700000
CY2021Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
600000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.01
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.57
CY2022Q1 us-gaap Purchase Obligation
PurchaseObligation
21000000.0
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
28579000
CY2021Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
19790000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
55908000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
37765000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2595000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
171000
us-gaap Operating Income Loss
OperatingIncomeLoss
3835000
us-gaap Operating Income Loss
OperatingIncomeLoss
1225000
CY2022Q1 us-gaap Assets
Assets
122189000
CY2021Q3 us-gaap Assets
Assets
116913000

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