Amtech Systems, Inc. presented its strategic vision for business transformation, emphasizing a commitment to delivering profitable growth. The company highlighted its achievements in optimizing operations, including $10 million in annualized cost savings and an $8.4 million reduction in working capital.
The strategic update noted that Amtech has built over $13 million in cash and equivalents while eliminating all outstanding debt. This financial flexibility supports the company's focus on capitalizing on growth opportunities in AI advanced packaging, power semiconductor packaging, and silicon carbide (SiC) markets.
Amtech's strategy includes leveraging its differentiated TrueFlat reflow technology and developing equipment for nanopitch next-generation advanced packaging. The company aims to migrate to a semi-fabless manufacturing model to improve operating leverage and has set long-term financial targets of $150 million in annual revenue and 20% EBITDA margins.
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