Quick10K

Axcelis

Filings

10-Q	2020-03-31	Filed 2020-05-06
10-K	2019-12-31	Filed 2020-03-02
10-Q	2019-09-30	Filed 2019-11-07
10-Q	2019-06-30	Filed 2019-08-07
10-Q	2019-03-31	Filed 2019-05-08
10-K	2018-12-31	Filed 2019-03-11
10-Q	2018-09-30	Filed 2018-11-02
10-Q	2018-06-30	Filed 2018-08-03
10-Q	2018-03-31	Filed 2018-05-04
10-K	2017-12-31	Filed 2018-03-14
10-Q	2017-09-30	Filed 2017-11-03
10-Q	2017-06-30	Filed 2017-08-04
10-Q	2017-03-31	Filed 2017-05-05
10-K	2016-12-31	Filed 2017-03-14
10-Q	2016-09-30	Filed 2016-11-03
10-Q	2016-06-30	Filed 2016-08-08
10-Q	2016-03-31	Filed 2016-05-05
10-K	2015-12-31	Filed 2016-03-04
10-Q	2015-09-30	Filed 2015-11-05
10-Q	2015-06-30	Filed 2015-08-05
10-Q	2015-03-31	Filed 2015-05-06
10-K	2014-12-31	Filed 2015-03-11
10-Q	2014-09-30	Filed 2014-11-06
10-Q	2014-06-30	Filed 2014-08-08
10-Q	2014-03-31	Filed 2014-05-08
10-K	2013-12-31	Filed 2014-03-03
10-Q	2013-09-30	Filed 2013-11-08
10-Q	2013-06-30	Filed 2013-08-02
10-Q	2013-03-31	Filed 2013-05-06
10-K	2012-12-31	Filed 2013-03-01
10-Q	2012-09-30	Filed 2012-11-05
10-Q	2012-06-30	Filed 2012-08-07
10-Q	2012-03-31	Filed 2012-05-04
10-K	2011-12-31	Filed 2012-02-29
10-Q	2011-09-30	Filed 2011-11-04
10-Q	2011-06-30	Filed 2011-08-05
10-Q	2011-03-31	Filed 2011-05-06
10-K	2010-12-31	Filed 2011-03-14
10-Q	2010-09-30	Filed 2010-11-05
10-Q	2010-06-30	Filed 2010-08-06
10-Q	2010-03-31	Filed 2010-05-12
10-K	2009-12-31	Filed 2010-03-15

Reports

8-K	2020-05-05	Earnings, Exhibits
8-K	2020-02-05	Earnings, Exhibits
8-K	2019-12-03	Other Events, Exhibits
8-K	2019-10-31	Earnings, Exhibits
8-K	2019-09-24	Regulation FD
8-K	2019-08-14	Officers, Other Events, Exhibits
8-K	2019-08-06	Earnings, Exhibits
8-K	2019-05-14	Officers, Shareholder Vote, Other Events
8-K	2019-05-07	Earnings, Exhibits
8-K	2019-02-06	Earnings, Exhibits
8-K	2018-11-01	Earnings, Exhibits
8-K	2018-08-02	Earnings, Exhibits
8-K	2018-05-16	Officers, Shareholder Vote, Other Events
8-K	2018-05-02	Earnings, Exhibits
8-K	2018-02-06	Earnings, Exhibits

Axcelis Financials

ACLS Metrics, Comps, Filings

Quarterly | Annual

Business

Axcelis Technologies, Inc. (“Axcelis,” the “Company,” “we,” “us,” or “our”) designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. We believe that our Purion family of products offers the most innovative implanters available on the market today. We sell to leading semiconductor chip manufacturers worldwide. The ion implantation business represented 95.3% of our revenue in 2018, with the remaining 4.7% of revenue derived from other legacy processing systems. In addition to equipment, we provide extensive aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Axcelis’ business commenced in 1978 and its current corporate entity was incorporated in Delaware in 1995. We are headquartered in Beverly, Massachusetts and maintain an internet site at www.axcelis.com. On or through our website, investors may access, free of charge, our annual reports on Form 10‑K, quarterly reports on Form 10‑Q, current reports on Form 8‑K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission. Our website and the information contained therein or connected thereto shall not be deemed to be incorporated into this Form 10‑K.

Despite a significant slowdown in memory spending in the second half of 2018, revenue increased by nearly 8% over 2017, with systems revenue increasing by 6.7%, and revenues from Customer Support & Innovation (“CS&I”), our aftermarket business, increasing by nearly 10%. 2018 full year gross margin exceeded 40% and cash increased by 33% to $178.0 million.

Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin


Comps ($'000 TTM)	Market Cap	Gross Margin	EV/EBITDA	Ret on Assets	Assets	Liabilities	Revenue	G Profit	Net Income	EBITDA	EV
Standex (SXI)	915,838	34%	8.7	7%	949,292	476,371	794,937	267,092	64,496	117,272	1,015,594
Faro Technologies (FARO)	912,670	57%	98.4	-1%	508,030	140,505	390,468	222,661	-6,694	8,065	793,587
Nanometrics (NANO)	894,638	59%	9.7	16%	356,452	62,377	315,062	186,029	56,422	82,208	798,535
Systemax (SYX)	842,080	34%	14.0	9%	399,600	233,700	942,400	323,700	37,000	53,100	744,480
Rudolph Technologies (RTEC)	807,103	52%	19.4	6%	451,167	65,694	248,118	128,109	27,744	34,466	667,401
Thermon Group (THR)	759,967	42%	9.2	4%	655,690	301,383	428,233	178,426	24,867	77,716	718,426
China Yuchai (CYD)	721,557			0%	21,657,964	10,510,410	0	0	0	0	721,557
Impinj (PI)	706,335	48%	-69.9	-9%	164,408	61,872	112,015	54,070	-15,307	-10,205	712,904
TPI Composites (TPIC)	683,394	5%	18.8	-3%	820,972	614,807	1,304,444	59,611	-23,695	38,977	732,609
GoPro (GPRO)	672,751	32%	-10.1	-16%	687,345	555,786	666,306	210,964	-110,462	-77,107	775,984
Kornit Digital (KRNT)	665,191			0%	214,823	35,687	0	0	0	0	591,059
DXP Enterprises (DXPE)	637,540	28%	10.3	6%	791,554	449,163	1,282,721	355,491	45,000	82,588	847,055
Axcelis (ACLS)	621,630	42%	26.0	1%	530,477	122,630	340,918	143,403	7,322	17,697	459,457
Plug Power (PLUG)	618,294	7%	-6.2	-13%	556,009	543,960	191,857	13,153	-73,728	-67,304	419,977
Veeco Instruments (VECO)	598,084	37%	-776.8	-5%	862,276	459,806	405,119	148,483	-45,862	-977	758,948
Energy Recovery (ERII)	577,372	0%	26.5	7%	190,587	55,833	67,441	0	13,943	18,094	480,222
Bloom Energy (BE)	403,665	15%	-4.8	-24%	1,169,927	1,181,011	881,566	128,141	-281,341	-154,636	737,331
ACM Research (ACMR)	272,894	46%	11.7	8%	180,216	61,983	82,916	38,211	15,257	17,048	199,048
Hurco (HURC)	270,624	31%	5.8	8%	305,889	69,932	286,439	88,819	23,699	35,046	204,521
Briggs & Stratton (BGG)	250,866	21%	24.4	-3%	1,777,258	1,369,433	1,438,877	300,509	-46,776	31,514	767,989


Balance Sheet ($'000)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash	37,857	44,413	46,877	37,218	33,797	35,220	44,986	42,441	34,639	48,317	46,290	43,039	35,588	32,536	74,548	78,085	79,871	78,889	67,571	60,981	65,623	70,791	69,429	115,351	120,688	140,880	148,471	154,942	155,593	184,902	169,968	143,164	162,173
Accounts Receivable	57,969	39,881	35,071	30,464	34,978	24,978	24,843	23,150	30,220	29,321	36,587	38,121	32,067	29,904	42,753	42,002	38,674	36,868	47,471	63,482	44,993	50,573	67,083	48,561	69,835	75,302	75,588	74,429	84,977	78,727	70,947	62,279	49,046
Inventory	124,273	121,916	120,023	128,719	126,647	123,280	100,234	98,729	96,412	94,316	95,789	95,533	106,650	107,816	109,525	122,001	120,067	115,904	115,165	110,582	117,001	113,853	115,635	122,574	123,441	120,544	135,005	129,554	124,008	129,000	134,051	135,141	138,353
PP&E	38,106	37,896	37,204	36,507	35,779	35,107	86,527	33,663	32,964	32,311	87,206	31,605	31,340	30,880	30,198	29,951	29,985	93,022	30,997	31,057	30,804	86,968	31,486	31,617	35,704	94,719	36,203	36,312	37,659	102,252	19,638	24,326	25,130
Assets	287,412	272,669	269,245	255,810	253,020	236,589	222,158	215,957	213,770	227,281	233,549	232,703	226,581	220,543	276,157	295,313	292,799	288,280	293,334	299,288	291,150	302,231	322,607	354,742	383,105	488,218	505,144	508,431	519,232	548,441	543,455	517,082	530,477
Accounts Payable	30,904	17,703	19,551	17,861	17,642	11,683	10,166	13,793	16,188	16,075	19,451	17,865	17,379	14,699	30,536	38,849	24,350	19,849	21,700	26,836	20,241	24,996	26,426	27,606	33,594	32,642	43,438	32,633	27,930	35,955	29,641	21,771	21,320
Long-Term Debt										15,000	15,000	15,000	15,000	14,815
Liabilities		56,900	54,690	49,389	47,357	37,161	36,082	40,104	40,640	54,551	57,547	54,778	53,255	52,819	104,888	114,923	104,683	98,020	99,019	107,476	93,222	100,776	106,364	116,304	128,703	134,608	133,617	122,817	122,158	140,104	126,302	111,616	122,630
Stockholders' Equity		215,769	214,555	206,421	205,663	199,428	186,076	175,853	173,130	172,730	176,002	177,925	173,326	167,724	171,269	180,390	188,116	190,260	194,315	191,812	197,928	201,455	216,243	238,438	254,402	353,610	371,527	385,614	397,074	408,337	417,153	405,466	407,847


Income Statement ($'000)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Revenue	93,380	72,455	52,037	55,006	59,114	44,640	44,624	40,726	47,501	48,831	58,574	60,840	53,159	38,531	73,283	78,437	79,317	70,458	67,521	64,451	65,650	69,358	86,893	119,215	104,482	116,396	122,185	119,333	95,374	105,683	91,477	74,305	69,453
Cost of Revenue	59,242	45,560	37,788	34,470	36,326	30,273	44,145	27,783	30,764	31,855	37,294	39,100	33,911	23,387	49,903	51,263	50,138	4,868	44,105	39,320	41,546	42,411	52,179	74,361	64,731	79,676	75,029	70,333	55,461	62,116	53,971	42,556	38,872
Gross Profit	34,138	26,895	22,623	20,536	22,788	14,367	480	12,943	16,737	16,976	21,280	21,740	19,248	15,144	23,380	27,174	29,179	21,973	23,416	25,131	24,104	26,947	34,714	49,672	39,751	36,720	47,156	49,000	39,913	43,567	37,506	31,749	30,581
R&D	11,829	11,389	12,140	11,669	10,478	9,852	8,402	9,206	8,503	8,148	8,899	9,257	9,954	7,950	8,199	7,899	8,581	7,907	8,636	8,478	8,493	8,795	9,895	12,658	11,003	10,917	12,233	12,553	12,845		13,685	13,720	12,930
SG&A	16,091	15,695	11,769	14,382	12,719	11,795	13,548	11,791	12,006	11,494	11,337	11,957	11,994	10,272	11,729	12,089	12,906	11,660	12,002	12,022	11,980	12,287	14,106	17,402	14,913	15,039	16,421	17,180	16,400		16,725	16,019	15,764
Tax	844	230	1,187	717	469	243	217	333	353	530	-85	195	231	389	101	40	157	229	-504	172	136	219	11	-2,611	1,014	-81,542	3,558	2,970	508		472	799	-328
Net Income	4,227																								11,841	91,680	13,915	14,669	8,838		6,062	556	704


Cash Flow ($'000)	2011-06-30	2011-09-30	2011-12-31	2012-03-31	2012-06-30	2012-09-30	2012-12-31	2013-03-31	2013-06-30	2013-09-30	2013-12-31	2014-03-31	2014-06-30	2014-09-30	2015-03-31	2015-06-30	2015-09-30	2015-12-31	2016-03-31	2016-06-30	2016-09-30	2016-12-31	2017-03-31	2017-06-30	2017-09-30	2017-12-31	2018-03-31	2018-06-30	2018-09-30	2018-12-31	2019-03-31	2019-06-30	2019-09-30
Cash Operating			2,681	-9,697	-2,868	1,192	776	-1,879	-8,918	-52	-4,193	-3,963	-7,892	-1,898	8,740	3,028	655	5,836	-10,183	-6,522	3,690	4,216	-2,668		8,925	15,962	8,500	6,840	1,880		-12,349	-7,977	19,981
Cash Investing			-171	-144	-238	-153	8,658	253	613	-1,627	1,246	-227	-340	-143	-320	-352	-657	-501	-1,275	-584	-240	-137	-1,116		-5,061	-375	-723	-952	-2,177		-4,255	-4,502	-2,307
Cash Financing			243	977	49	16	257	49	354	14,609	708	1,277	533	290	34,866	943	1,876	-6,263	267	246	1,149	768	2,245		1,822	4,743	220	-348	461		1,547	-14,370	632