2022 Q3 Form 10-Q Financial Statement

#000095017022017419 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $32.31M $19.96M $27.56M
YoY Change 32.76% -13.58% 39.24%
Cost Of Revenue $19.76M $14.06M $16.40M
YoY Change 30.62% 8.01% 35.93%
Gross Profit $12.55M $5.900M $11.16M
YoY Change 36.29% -41.46% 44.41%
Gross Profit Margin 38.85% 29.55% 40.5%
Selling, General & Admin $7.274M $7.157M $6.765M
YoY Change 10.92% -1.7% 18.93%
% of Gross Profit 57.94% 121.31% 60.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $399.0K $466.0K $434.0K
YoY Change 10.83% 17.09% 40.0%
% of Gross Profit 3.18% 7.9% 3.89%
Operating Expenses $8.646M $7.157M $6.765M
YoY Change 31.84% -18.71% -10.48%
Operating Profit $3.908M $9.562M $2.595M
YoY Change 201.54% 694.19% 1417.54%
Interest Expense $853.0K $661.0K $10.00K
YoY Change 2408.82% -518.35% -85.71%
% of Operating Profit 21.83% 6.91% 0.39%
Other Income/Expense, Net $680.0K $30.00K
YoY Change -538.71% -58.9%
Pretax Income $4.761M $10.24M $2.625M
YoY Change 254.77% 876.36% 975.82%
Income Tax $578.0K $20.00K $700.0K
% Of Pretax Income 12.14% 0.2% 26.67%
Net Earnings $4.183M $10.22M $1.965M
YoY Change 528.08% 2670.19% -898.78%
Net Earnings / Revenue 12.94% 51.2% 7.13%
Basic Earnings Per Share $0.74 $0.14
Diluted Earnings Per Share $297.2K $0.73 $0.14
COMMON SHARES
Basic Shares Outstanding 13.89M 13.89M 13.98M
Diluted Shares Outstanding 14.03M 14.14M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.87M $47.69M $27.90M
YoY Change 42.75% 28.75% -30.95%
Cash & Equivalents $46.87M $47.69M $27.90M
Short-Term Investments
Other Short-Term Assets $5.561M $3.978M $3.440M
YoY Change 131.03% 110.03% 102.35%
Inventory $25.49M $27.46M $24.39M
Prepaid Expenses
Receivables $25.00M $20.78M $30.78M
Other Receivables $0.00 $52.00K $0.00
Total Short-Term Assets $102.9M $100.5M $87.04M
YoY Change 27.29% 23.42% 13.62%
LONG-TERM ASSETS
Property, Plant & Equipment $6.552M $5.863M $13.45M
YoY Change -53.48% -51.17% -25.29%
Goodwill $11.17M $11.17M $11.17M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $783.0K $834.0K $618.0K
YoY Change 18.46% 12.1% -52.46%
Total Long-Term Assets $30.60M $30.23M $35.15M
YoY Change -15.12% -11.51% 12.18%
TOTAL ASSETS
Total Short-Term Assets $102.9M $100.5M $87.04M
Total Long-Term Assets $30.60M $30.23M $35.15M
Total Assets $133.5M $130.7M $122.2M
YoY Change 14.22% 13.1% 13.21%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.301M $9.831M $9.635M
YoY Change -11.28% 14.7% 63.31%
Accrued Expenses $900.0K $1.206M $679.0K
YoY Change -0.33% -33.92% -83.03%
Deferred Revenue $7.231M $5.888M $5.576M
YoY Change 351.94% 214.87% 1790.17%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $107.0K $104.0K $405.0K
YoY Change -72.98% -73.47% 1.25%
Total Short-Term Liabilities $22.63M $23.47M $21.41M
YoY Change 49.75% 50.76% 101.93%
LONG-TERM LIABILITIES
Long-Term Debt $220.0K $230.0K $4.195M
YoY Change -95.0% -94.89% -8.8%
Other Long-Term Liabilities $76.00K $62.00K $48.00K
YoY Change -25.49% -7.46% -99.48%
Total Long-Term Liabilities $76.00K $62.00K $4.243M
YoY Change -98.31% -98.64% -69.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.63M $23.47M $21.41M
Total Long-Term Liabilities $76.00K $62.00K $4.243M
Total Liabilities $35.17M $36.08M $37.03M
YoY Change 12.43% 12.66% 51.15%
SHAREHOLDERS EQUITY
Retained Earnings -$24.46M -$28.65M -$38.87M
YoY Change -40.19%
Common Stock $140.0K $139.0K $139.0K
YoY Change -2.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $98.37M $94.62M $85.16M
YoY Change
Total Liabilities & Shareholders Equity $133.5M $130.7M $122.2M
YoY Change 14.22% 13.1% 13.24%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $4.183M $10.22M $1.965M
YoY Change 528.08% 2670.19% -898.78%
Depreciation, Depletion And Amortization $399.0K $466.0K $434.0K
YoY Change 10.83% 17.09% 40.0%
Cash From Operating Activities $114.0K $5.451M -$2.850M
YoY Change -103.57% -317.87% 670.27%
INVESTING ACTIVITIES
Capital Expenditures -$810.0K -$200.0K -$80.00K
YoY Change -63.55% -44.44% -65.22%
Acquisitions
YoY Change
Other Investing Activities $0.00 $19.91M $0.00
YoY Change -995500.0% -100.0%
Cash From Investing Activities -$810.0K $19.71M -$80.00K
YoY Change -63.55% -5698.86% -98.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 588.0K -4.640M -1.474M
YoY Change 94.7% -3841.94% -310.57%
NET CHANGE
Cash From Operating Activities 114.0K 5.451M -2.850M
Cash From Investing Activities -810.0K 19.71M -80.00K
Cash From Financing Activities 588.0K -4.640M -1.474M
Net Change In Cash -108.0K 20.52M -4.404M
YoY Change -97.89% -851.61% -11.74%
FREE CASH FLOW
Cash From Operating Activities $114.0K $5.451M -$2.850M
Capital Expenditures -$810.0K -$200.0K -$80.00K
Free Cash Flow $924.0K $5.651M -$2.770M
YoY Change -195.45% -363.82% 1878.57%

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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14373000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14220000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14292000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
10222000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
369000
us-gaap Profit Loss
ProfitLoss
13184000
us-gaap Profit Loss
ProfitLoss
842000
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-916000
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-616000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-577000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-246000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9306000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-247000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
12607000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
596000
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
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
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
CY2021Q2 us-gaap Profit Loss
ProfitLoss
369000
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-616000
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
128000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
218000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
83540000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
85634000
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
CY2022Q2 us-gaap Profit Loss
ProfitLoss
10222000
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-916000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
146000
CY2022Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
94623000
us-gaap Profit Loss
ProfitLoss
13184000
us-gaap Profit Loss
ProfitLoss
842000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1330000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1038000
us-gaap Inventory Write Down
InventoryWriteDown
235000
us-gaap Inventory Write Down
InventoryWriteDown
278000
us-gaap Share Based Compensation
ShareBasedCompensation
386000
us-gaap Share Based Compensation
ShareBasedCompensation
277000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
12465000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1714000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9385000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5617000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3328000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1298000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
324000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1603000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5815000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
713000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
536000
asys Increase Decrease In Accrued And Other Liabilities
IncreaseDecreaseInAccruedAndOtherLiabilities
1031000
asys Increase Decrease In Accrued And Other Liabilities
IncreaseDecreaseInAccruedAndOtherLiabilities
809000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
4264000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
646000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5090000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2772000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
325000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
790000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
19908000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5082000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.06
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
284000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8855000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
864000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-441000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-250000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
19583000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5872000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
111000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1148000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4115000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4851000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
15377000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8030000
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
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
48213000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37040000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
30000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
991000
us-gaap Interest Paid Net
InterestPaidNet
166000
us-gaap Interest Paid Net
InterestPaidNet
166000
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
CY2022Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
0
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1600000
CY2022Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0411
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<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;">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:1.15;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;"/> </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;">As of June 30, 2022</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;">, two Semiconductor segment customers 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;">17</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;">10</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:1.15;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;"/> </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;">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;">85</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;">June 30, 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:1.15;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;"/> </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 12 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>
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
54019000
us-gaap Gross Profit
GrossProfit
21058000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13851000
CY2022Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
27556000
CY2022Q1 us-gaap Gross Profit
GrossProfit
11160000
CY2022Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6765000
CY2021Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
26463000
CY2021Q4 us-gaap Gross Profit
GrossProfit
9898000
CY2021Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7086000
CY2022Q2 us-gaap Sale Leaseback Transaction Lease Terms
SaleLeasebackTransactionLeaseTerms
The sale price was $20.6 million, of which $0.7 million was deducted at closing for commission and other closing expenses. Simultaneously with the closing, BTU entered into a two-year leaseback of the Property. The lease terms include annual base rent of $1.5 million in an absolute triple net lease.
CY2022Q2 asys Sale And Lease Back Transaction Annual Base Rent
SaleAndLeaseBackTransactionAnnualBaseRent
1500000
CY2022Q2 us-gaap Sale And Leaseback Transaction Gain Loss Net
SaleAndLeasebackTransactionGainLossNet
12500000
CY2022Q2 asys Proceeds From Sale Of Real Estate Net
ProceedsFromSaleOfRealEstateNet
14900000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
10222000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
369000
us-gaap Net Income Loss
NetIncomeLoss
13184000
us-gaap Net Income Loss
NetIncomeLoss
842000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13889000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14176000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14042000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14163000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
137000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
197000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
178000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
129000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14026000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14373000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14220000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14292000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.93
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.06
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
20486000
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
16260000
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
6673000
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
4865000
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4797000
CY2021Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
5055000
CY2022Q2 us-gaap Inventory Gross
InventoryGross
31956000
CY2021Q3 us-gaap Inventory Gross
InventoryGross
26180000
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4499000
CY2021Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4105000
CY2022Q2 us-gaap Inventory Net
InventoryNet
27457000
CY2021Q3 us-gaap Inventory Net
InventoryNet
22075000
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11019000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8646000
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
152000
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
174000
CY2022Q2 asys Lease Right Of Use Asset
LeaseRightOfUseAsset
11171000
CY2021Q3 asys Lease Right Of Use Asset
LeaseRightOfUseAsset
8820000
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1806000
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
470000
CY2022Q2 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
68000
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
61000
CY2022Q2 asys Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
1874000
CY2021Q3 asys Finance And Operating Lease Liability Current
FinanceAndOperatingLeaseLiabilityCurrent
531000
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9321000
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
8279000
CY2022Q2 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
80000
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
110000
CY2022Q2 asys Finance And Operating Lease Liability Noncurrent
FinanceAndOperatingLeaseLiabilityNoncurrent
9401000
CY2021Q3 asys Finance And Operating Lease Liability Noncurrent
FinanceAndOperatingLeaseLiabilityNoncurrent
8389000
CY2022Q2 asys Lease Liability
LeaseLiability
11275000
CY2021Q3 asys Lease Liability
LeaseLiability
8920000
CY2022Q2 us-gaap Lease Cost
LeaseCost
362000
CY2021Q2 us-gaap Lease Cost
LeaseCost
392000
us-gaap Lease Cost
LeaseCost
964000
us-gaap Lease Cost
LeaseCost
703000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
517000
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
18000
CY2022Q2 asys Operating And Finance Lease Liability Payments Remainder Of Fiscal Year
OperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
535000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2567000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
72000
CY2022Q2 asys Operating And Finance Lease Liability Payments Due Next Twelve Months
OperatingAndFinanceLeaseLiabilityPaymentsDueNextTwelveMonths
2639000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2167000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
52000
CY2022Q2 asys Operating And Finance Lease Liability Payments Due Year Two
OperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo
2219000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1006000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6000
CY2022Q2 asys Operating And Finance Lease Liability Payments Due Year Three
OperatingAndFinanceLeaseLiabilityPaymentsDueYearThree
1012000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
889000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
6000
CY2022Q2 asys Operating And Finance Lease Liability Payments Due Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueYearFour
895000
CY2022Q2 asys Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
8751000
CY2022Q2 asys Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
1000
CY2022Q2 asys Operating And Finance Lease Liability Payments Due After Year Four
OperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour
8752000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15897000
CY2022Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
155000
CY2022Q2 asys Operating And Finance Lease Liability Payments Due
OperatingAndFinanceLeaseLiabilityPaymentsDue
16052000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4770000
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
7000
CY2022Q2 asys Operating And Finance Lease Liabilities Undiscounted Excess Amount
OperatingAndFinanceLeaseLiabilitiesUndiscountedExcessAmount
4777000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
11127000
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
148000
CY2022Q2 asys Operating And Finance Lease Liability
OperatingAndFinanceLeaseLiability
11275000
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Operating lease payments include $6.3 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
6300000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y10M20D
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M12D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0417
CY2022Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0417
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
700000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1300000
asys Income Tax Expense Benefit Related To Reversal Of Previously Recorded Uncertain Tax Positions
IncomeTaxExpenseBenefitRelatedToReversalOfPreviouslyRecordedUncertainTaxPositions
-300000
CY2022Q2 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
CY2022Q2 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
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.03
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.02
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.57
CY2022Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
3600000
CY2022Q2 us-gaap Purchase Obligation
PurchaseObligation
24400000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
19964000
CY2021Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
23100000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
73983000
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
60865000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
9562000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1204000
us-gaap Operating Income Loss
OperatingIncomeLoss
13397000
us-gaap Operating Income Loss
OperatingIncomeLoss
2429000
CY2022Q2 us-gaap Assets
Assets
130706000
CY2021Q3 us-gaap Assets
Assets
116913000

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