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
Website
CEO
Wendell Thomas Blonigan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Lam Research • Milacron • Veeco Instruments • Azenta • Cricut • Axcelis • Manitex International • Amtech Systems • Desktop Metal • Energy Recovery ...
SEC CIK
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
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
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Annual (USD) | Jan 22 | Jan 21 | Dec 19 | Dec 18 | |
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
66.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 54 |
Opened positions | 10 |
Closed positions | 10 |
Increased positions | 10 |
Reduced positions | 21 |
13F shares | Current |
---|---|
Total value | 90.21M |
Total shares | 16.81M |
Total puts | 73.6K |
Total calls | 0 |
Total put/call ratio | Infinity |
Largest owners | Shares | Value |
---|---|---|
Bleichroeder | 4.95M | $26.48M |
Needham Investment Management | 2.17M | $11.62M |
Royce & Associates | 1.9M | $10.19M |
Dimensional Fund Advisors | 1.33M | $7.12M |
Vanguard | 1.07M | $5.7M |
BLK Blackrock | 560.35K | $3M |
King Luther Capital Management | 460.05K | $2.46M |
Renaissance Technologies | 451.72K | $2.42M |
Newtyn Management | 400K | $2.14M |
Potomac Capital Management | 393.3K | $2.1M |
Financial report summary
?Competition
Applied Materials • L3Harris • KLA • Kopin • Lockheed Martin • Elbit Systems • Northrop GrummanContent analysis
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H.S. freshman Avg
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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
Financial reports
Current reports
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
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
Other
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
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
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
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
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - May 9th, 2022
9 May 22
Daily Discussion Thread - May 6th, 2022
6 May 22
Daily Discussion Thread - February 9th, 2022
9 Feb 22
Daily Discussion Thread - February 8th, 2022
8 Feb 22
Daily Discussion Thread - February 7th, 2022
7 Feb 22
Daily Discussion Thread - November 1st, 2021
1 Nov 21
Daily Discussion Thread - October 29th, 2021
29 Oct 21