Axcelis Technologies Re-Affirms Financial Guidance

December 15, 2002 by Jeff Shepard

Axcelis Technologies Inc. (Beverly, MA) re-affirmed its financial guidance for the fourth quarter of 2002 during an investor meeting hosted by Goldman Sachs. The company said that it re-affirms its previously stated guidance issued on October 23, 2002, of worldwide revenue (including SEN) in the range of $95.0 to $105.0 million, net revenue (excluding SEN) between $60.0 to $70.0 million, gross margins in the 30 percent range and a loss per share of $0.08 to $0.10. The company plans on releasing its fourth-quarter and year-end results on January 23, 2003.