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Intevac (IVAC)

Intevac was founded in 1991 and has two businesses: Thin-film Equipment and Photonics. In its Thin-film Equipment business, it is a leader in the design and development of high-productivity, thin-film processing systems. Its production-proven platforms are designed for high-volume manufacturing of substrates with precise thin film properties, such as the hard drive media, display cover panel, and solar photovoltaic markets it serves currently. In its Photonics business, it is a recognized leading developer of advanced high-sensitivity digital sensors, cameras and systems that primarily serve the defense industry. It is the provider of integrated digital imaging systems for most U.S. military night vision programs.

Company profile

Ticker
IVAC
Exchange
NASDAQ
Website
www.intevac.com
CEO
Wendell Thomas Blonigan
Employees
Incorporated
Delaware
Location
California
Fiscal year end
Dec 31
Sector
Manufacturing > Computer Storage Device Manufacturing
Industry (SIC)
Special Industry Machinery, NEC
Lam Research • Milacron • Veeco Instruments • Azenta • Cricut • Axcelis • Manitex International • Amtech Systems • Desktop Metal • Energy Recovery ...
SEC CIK
0001001902
Corporate docs
Subsidiaries
Intevac Photonics, Inc. • Intevac Pacific Group Holdings Ltd. Pte • Lotus Technologies, Inc. • IRPC, Inc. • Solar Implant Technologies, Inc. • Intevac Foreign Sales Corporation • Intevac Asia Private Limited • Intevac Malaysia Sdn Bhd • Intevac Limited • Intevac (Shenzhen) Co. Ltd. ...
IRS number
943125814

IVAC stock data

News

From Benzinga Pro
Recap: Intevac Q2 Earnings
3 Aug 22
Intevac (NASDAQ:IVAC) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Intevac beat estimated earnings by 33.33%, reporting an EPS of $-0.1 versus an estimate of $-0.15.
Intevac Q2 Sales $9.30M Beat $8.00M Estimate
3 Aug 22
Intevac (NASDAQ:IVAC) reported quarterly sales of $9.30 million which beat the analyst consensus estimate of $8.00 million by 16.25 percent. This is a 32.67 percent decrease over sales of $13.81 million the same period
Earnings Scheduled For August 3, 2022
3 Aug 22
Companies Reporting Before The Bell • Fresh Del Monte Produce (NYSE:FDP) is likely to report quarterly earnings at $0.79 per share on revenue of $1.15 billion.
Earnings Outlook For Intevac
2 Aug 22

Press releases

From Benzinga Pro
Intevac Announces Second Quarter 2022 Financial Results
3 Aug 22
Intevac, Inc. (NASDAQ:IVAC) today reported financial results for the quarter and six months ended July 2, 2022. Q2 Highlights: - Total backlog at quarter-end increased to over $100 million - Revenues exceeded forecast
Intevac to Announce Second Quarter Results on August 3rd
12 Jul 22
Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, will release financial results for its fiscal second quarter 2022 at approximately 1 p.m. PT (4 p.m. ET) on Wednesday, August 3rd,
Intevac Announces Participation in Upcoming IDEAS and CEO Summit Investor Events
15 Jun 22
Intevac, Inc. (NASDAQ:IVAC), a leading supplier of thin-film processing systems, today announced the Company's participation in two upcoming investor events: 12th Annual East Coast IDEAS Conference Virtual format with

Calendar

4 Aug 22
18 Aug 22
31 Dec 22

Financial summary

Financial statements Chart IVAC financial data
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 53.67M 53.67M 53.67M 53.67M 53.67M 53.67M
Cash burn (monthly) 14.79M (no burn) 799K 1.65M 2.46M 1.21M
Cash used (since last report) 23.23M n/a 1.26M 2.6M 3.87M 1.9M
Cash remaining 30.44M n/a 52.41M 51.07M 49.8M 51.77M
Runway (months of cash) 2.1 n/a 65.6 30.9 20.2 42.8

Beta Read what these cash burn values mean

Financial data from Intevac earnings reports.

Recent insider trades

IVAC insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
31 Jul 22 Nigel Hunton Common Stock Grant Acquire A No No 4.1 2,500 10.25K 289,000
15 Jun 22 Bleichroeder Common Stock Sell Dispose S Yes No 4.8554 5,050 24.52K 4,944,105
14 Jun 22 Bleichroeder Common Stock Sell Dispose S Yes No 4.805 200 961 4,949,155
18 May 22 Hayes Dorothy D Common Stock Grant Acquire A No No 0 12,000 0 30,000
18 May 22 Barber Kevin D Common Stock Grant Acquire A No No 0 12,000 0 39,000
18 May 22 Dury David S Common Stock Grant Acquire A No No 0 12,000 0 111,000
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

IVAC institutional ownership history Ownership history
66.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 54 54 –
Opened positions 10 6 +66.7%
Closed positions 10 12 -16.7%
Increased positions 10 10 –
Reduced positions 21 25 -16.0%
13F shares Current Prev Q Change
Total value 90.21M 82.69M +9.1%
Total shares 16.81M 16.97M -0.9%
Total puts 73.6K 0 NEW
Total calls 0 135K EXIT
Total put/call ratio Infinity – –
Largest owners Shares Value Change
Bleichroeder 4.95M $26.48M 0.0%
Needham Investment Management 2.17M $11.62M +0.7%
Royce & Associates 1.9M $10.19M +31.1%
Dimensional Fund Advisors 1.33M $7.12M +2.0%
Vanguard 1.07M $5.7M -0.4%
BLK Blackrock 560.35K $3M -0.4%
King Luther Capital Management 460.05K $2.46M 0.0%
Renaissance Technologies 451.72K $2.42M -13.9%
Newtyn Management 400K $2.14M NEW
Potomac Capital Management 393.3K $2.1M -3.8%
Largest transactions Shares Bought/sold Change
Westerly Capital Management 0 -587K EXIT
Royce & Associates 1.9M +451.96K +31.1%
AMH Equity 250K -416K -62.5%
Newtyn Management 400K +400K NEW
Kennedy Capital Management 0 -273.39K EXIT
Gabelli Funds 197.85K +184.35K +1365.1%
potrero capital research 126.75K +126.75K NEW
GABELLI & Co INVESTMENT ADVISERS 111.08K +111.08K NEW
Skylands Capital 73.4K +73.4K NEW
Renaissance Technologies 451.72K -72.76K -13.9%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Applied Materials • L3Harris • KLA • Kopin • Lockheed Martin • Elbit Systems • Northrop Grumman

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: attarget, clearance, commencing, Counterintelligence, destabilization, earlier, eleven, forfeited, Geopolitical, Hurdle, macroeconomic, maintenance, Mark, novation, Popovich, slowdown, sponsor, tranche, unvested
Removed: approach, authority, blonigan, credited, deficit, ensuring, handled, home, insufficient, June, lifted, middle, registered, reissuance, reissue, reopening, responseto, thoughtful, unqualified, wendell
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
4 Aug 22
10-Q
2022 Q1
Quarterly report
10 May 22
10-K
2022 FY
Annual report
17 Feb 22
10-Q
2021 Q3
Quarterly report
2 Nov 21
10-Q
2021 Q2
Quarterly report
3 Aug 21
10-Q
2021 Q1
Quarterly report
4 May 21
10-K
2020 FY
Annual report
17 Feb 21
10-Q
2020 Q3
Quarterly report
27 Oct 20
10-Q
2020 Q2
Quarterly report
28 Jul 20
10-Q
2020 Q1
Quarterly report
28 Apr 20
Current reports
View all
8-K
Departure of Directors or Certain Officers
15 Aug 22
8-K
Intevac Announces Second Quarter 2022 Financial Results
3 Aug 22
8-K
Departure of Directors or Certain Officers
19 May 22
8-K
Intevac Announces First Quarter 2022 Financial Results
9 May 22
8-K
Departure of Directors or Certain Officers
3 Mar 22
8-K
Intevac Announces Fourth Quarter and Full Year 2021 Financial Results
9 Feb 22
8-K
Departure of Directors or Certain Officers
1 Feb 22
8-K
Departure of Directors or Certain Officers
20 Jan 22
8-K
Intevac Announces Sale of Photonics Business
3 Jan 22
8-K
Intevac Announces Third Quarter 2021 Financial Results
1 Nov 21
Registration and prospectus
View all
S-8
Registration of securities for employees
17 Feb 22
S-8
Registration of securities for employees
23 Jul 21
S-8
Registration of securities for employees
14 May 20
S-8
Registration of securities for employees
19 Jul 19
S-8
Registration of securities for employees
20 Jul 18
S-8
Registration of securities for employees
20 Jul 17
S-8
Registration of securities for employees
21 Jul 16
S-8
Registration of securities for employees
29 Jun 15
S-8
Registration of securities for employees
28 Jul 14
SC TO-I/A
Issuer tender offer statement (amended)
8 Aug 13
Proxies
View all
DEF 14A
Definitive proxy
13 Apr 22
DEF 14A
Definitive proxy
14 Apr 21
DEF 14A
Definitive proxy
6 Apr 20
DEFA14A
Additional proxy soliciting materials
8 May 19
DEF 14A
Definitive proxy
10 Apr 19
DEF 14A
Definitive proxy
10 Apr 18
DEF 14A
Definitive proxy
11 Apr 17
DEF 14A
Definitive proxy
12 Apr 16
DEF 14A
Definitive proxy
29 Apr 15
DEFA14A
Additional proxy soliciting materials
14 May 14
Other
View all
SD
Conflict minerals disclosure
19 May 22
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
10 May 19
SD
Conflict minerals disclosure
18 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
CORRESP
Correspondence with SEC
8 May 14
Ownership
View all
4
INTEVAC / Nigel Hunton ownership change
18 Aug 22
4
Change in insider ownership
15 Jun 22
4
INTEVAC / James P Moniz ownership change
19 May 22
4
INTEVAC / Michele Klein ownership change
19 May 22
4
INTEVAC / Michele Klein ownership change
19 May 22
4
INTEVAC / Mark Popovich ownership change
19 May 22
4
INTEVAC / DOROTHY D HAYES ownership change
19 May 22
4
INTEVAC / Kevin D Barber ownership change
19 May 22
4
INTEVAC / DAVID S DURY ownership change
19 May 22
4
INTEVAC / James P Moniz ownership change
17 May 22

Patents

View all
Utility
System with dual-motion substrate carriers
16 Aug 22
A processing system is provided, including a vacuum enclosure having a plurality of process windows and a continuous track positioned therein; a plurality of processing chambers attached sidewalls of the vacuum enclosures, each processing chamber about one of the process windows; a loadlock attached at one end of the vacuum enclosure and having a loading track positioned therein; at least one gate valve separating the loadlock from the vacuum enclosure; a plurality of substrate carriers configured to travel on the continuous track and the loading track; at least one track exchanger positioned within the vacuum enclosure, the track exchangers movable between a first position, wherein substrate carriers are made to continuously move on the continuous track, and a second position wherein the substrate carriers are made to transfer between the continuous track and the loading track.
Utility
System for Forming Nano-laminate Optical Coating
16 Jun 22
A processing system for forming an optical coating on a substrate is provided, wherein the optical coating including an anti-reflective coating and an oleophobic coating, the system comprising: a linear transport processing section configured for processing and transporting substrate carriers individually and one at a time in a linear direction; at least one evaporation processing system positioned in the linear transport processing system, the evaporation processing system configured to form the oleophobic coating; a batch processing section configured to transport substrate carriers in unison about an axis; at least one ion beam assisted deposition processing chamber positioned in the batch processing section, the ion beam assisted deposition processing chamber configured to deposit layer of the anti-reflective coating; a plurality of substrate carriers for mounting substrates; and, means for transferring the substrate carriers between the linear transport processing section and the batch processing section without exposing the substrate carrier to atmosphere.
Utility
Ion implantation for modification of thin film coatings on glass
22 Feb 22
The use of non-mass analyzed ion implanter is advantageous in such application as it generates ion implanting at different depth depending on the ions energy and mass.
Utility
System for forming nano-laminate optical coating
1 Feb 22
A processing system for forming an optical coating on a substrate is provided, wherein the optical coating including an anti-reflective coating and an oleophobic coating, the system comprising: a linear transport processing section configured for processing and transporting substrate carriers individually and one at a time in a linear direction; at least one evaporation processing system positioned in the linear transport processing system, the evaporation processing system configured to form the oleophobic coating; a batch processing section configured to transport substrate carriers in unison about an axis; at least one ion beam assisted deposition processing chamber positioned in the batch processing section, the ion beam assisted deposition processing chamber configured to deposit layer of the anti-reflective coating; a plurality of substrate carriers for mounting substrates; and, means for transferring the substrate carriers between the linear transport processing section and the batch processing section without exposing the substrate carrier to atmosphere.
Utility
Multi-colored dielectric coating
30 Nov 21
A multi-color dielectric coating is formed using interleaved layers of dielectric material, having alternating refractive index, to create reflections at selected wavelengths, thus appearing as different colors.

Transcripts

View all
2022 Q2
Earnings call transcript
7 Aug 22
2022 Q1
Earnings call transcript
9 May 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
2 Nov 21
2021 Q2
Earnings call transcript
3 Aug 21
2021 Q1
Earnings call transcript
4 May 21
2020 Q4
Earnings call transcript
4 Feb 21
2020 Q3
Earnings call transcript
26 Oct 20
2020 Q2
Earnings call transcript
27 Jul 20
2020 Q1
Earnings call transcript
27 Apr 20

Reddit threads

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