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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
Website
CEO
Wendell Thomas Blonigan
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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
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

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
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%

Financial report summary

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Content analysis

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Positive
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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

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.