News

Intevac Reports Third-Quarter 2004 Results

October 18, 2004 by Jeff Shepard

Intevac Inc. (Santa Clara, CA) reported financial results for the third quarter and nine-months ended September 25, 2004. Total revenues for the quarter were $34.9 million, compared to $7.6 million in the third quarter of 2003. Net income for the third quarter of 2004 was $1.3 million, or $0.07 per diluted share on 20.4 million weighted-average shares outstanding, compared to a net loss of $2.9 million, or $0.24 per diluted share on 12.3 million weighted-average shares, in the third quarter of 2003.

Total revenues for the first nine months of 2004 were $59.4 million, up from $24.2 million in the first nine-months of 2003. Net loss for the first nine months of 2004 fell to $1.2 million, or $0.06 per diluted share on 19.6 million weighted-average shares outstanding, from net losses of $11.7 million, or $0.96 per diluted share on 12.2 million weighted-average shares, for the same period in 2003.