Axcelis Technologies Inc. (Beverly, MA) announced results for its fourth quarter and year ended December 31, 2002. Worldwide sales for the fourth quarter were $97.6 million, down 29 percent sequentially from the third quarter, and up 56 percent from the fourth quarter of 2001. Net sales for the quarter were $65.5 million, down 30 percent sequentially from the third quarter and up 33 percent from the fourth quarter of 2001. Net loss for the fourth quarter 2002 was $6.8 million compared to a net loss of $18 million in the fourth quarter of 2001. Net loss per share was $0.07 compared with a loss of $0.18 in the fourth quarter of 2001.
Worldwide sales for the year were $448.4 million, down 19 percent from 2001. Net sales for the year were $309.7 million, down 15 percent from 2001. Net loss for the year was $26.2 million compared to a loss of $20.2 million in 2001. On a per-share basis, the company posted a loss of $0.27 compared with a loss of $0.21 in 2001.
