Intevac Inc. (Santa Clara, CA) reported financial results for the second quarter and six months ended June 26, 2004. Total revenues for the quarter were $18 million, compared to $4.6 million in the second quarter of 2003. Net income for the second quarter of 2004 was $781,000, or $0.04 per diluted share on 20,678,000 weighted-average shares outstanding, compared to a net loss of $4.8 million, or $0.39 per diluted share on 12,187,000 weighted-average shares, in the second quarter of 2003.
Total revenues for the first six months of 2004 were $24.5 million, up from $16.6 million in the first six months of 2003. Net loss for the first six months of 2004 fell to $2.5 million, or $0.13 per diluted share on 19,373,000 weighted-average shares outstanding, from net losses of $8.8 million, or $0.72 per diluted share on 12,176,000 weighted-average shares, for the same period in 2003.
