Company Quick10K Filing
Axcelis
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
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)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash37,85744,41346,87737,21833,79735,22044,98642,44134,63948,31746,29043,03935,58832,53674,54878,08579,87178,88967,57160,98165,62370,79169,429115,351120,688140,880148,471154,942155,593184,902169,968143,164162,173
Accounts Receivable57,96939,88135,07130,46434,97824,97824,84323,15030,22029,32136,58738,12132,06729,90442,75342,00238,67436,86847,47163,48244,99350,57367,08348,56169,83575,30275,58874,42984,97778,72770,94762,27949,046
Inventory124,273121,916120,023128,719126,647123,280100,23498,72996,41294,31695,78995,533106,650107,816109,525122,001120,067115,904115,165110,582117,001113,853115,635122,574123,441120,544135,005129,554124,008129,000134,051135,141138,353
PP&E38,10637,89637,20436,50735,77935,10786,52733,66332,96432,31187,20631,60531,34030,88030,19829,95129,98593,02230,99731,05730,80486,96831,48631,61735,70494,71936,20336,31237,659102,25219,63824,32625,130
Assets287,412272,669269,245255,810253,020236,589222,158215,957213,770227,281233,549232,703226,581220,543276,157295,313292,799288,280293,334299,288291,150302,231322,607354,742383,105488,218505,144508,431519,232548,441543,455517,082530,477
Accounts Payable30,90417,70319,55117,86117,64211,68310,16613,79316,18816,07519,45117,86517,37914,69930,53638,84924,35019,84921,70026,83620,24124,99626,42627,60633,59432,64243,43832,63327,93035,95529,64121,77121,320
Long-Term Debt15,00015,00015,00015,00014,815
Liabilities56,90054,69049,38947,35737,16136,08240,10440,64054,55157,54754,77853,25552,819104,888114,923104,68398,02099,019107,47693,222100,776106,364116,304128,703134,608133,617122,817122,158140,104126,302111,616122,630
Stockholders' Equity215,769214,555206,421205,663199,428186,076175,853173,130172,730176,002177,925173,326167,724171,269180,390188,116190,260194,315191,812197,928201,455216,243238,438254,402353,610371,527385,614397,074408,337417,153405,466407,847
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue93,38072,45552,03755,00659,11444,64044,62440,72647,50148,83158,57460,84053,15938,53173,28378,43779,31770,45867,52164,45165,65069,35886,893119,215104,482116,396122,185119,33395,374105,68391,47774,30569,453
Cost of Revenue59,24245,56037,78834,47036,32630,27344,14527,78330,76431,85537,29439,10033,91123,38749,90351,26350,1384,86844,10539,32041,54642,41152,17974,36164,73179,67675,02970,33355,46162,11653,97142,55638,872
Gross Profit34,13826,89522,62320,53622,78814,36748012,94316,73716,97621,28021,74019,24815,14423,38027,17429,17921,97323,41625,13124,10426,94734,71449,67239,75136,72047,15649,00039,91343,56737,50631,74930,581
R&D11,82911,38912,14011,66910,4789,8528,4029,2068,5038,1488,8999,2579,9547,9508,1997,8998,5817,9078,6368,4788,4938,7959,89512,65811,00310,91712,23312,55312,84513,68513,72012,930
SG&A16,09115,69511,76914,38212,71911,79513,54811,79112,00611,49411,33711,95711,99410,27211,72912,08912,90611,66012,00212,02211,98012,28714,10617,40214,91315,03916,42117,18016,40016,72516,01915,764
Tax8442301,187717469243217333353530-8519523138910140157229-50417213621911-2,6111,014-81,5423,5582,970508472799-328
Net Income4,22711,84191,68013,91514,6698,8386,062556704
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating2,681-9,697-2,8681,192776-1,879-8,918-52-4,193-3,963-7,892-1,8988,7403,0286555,836-10,183-6,5223,6904,216-2,6688,92515,9628,5006,8401,880-12,349-7,97719,981
Cash Investing-171-144-238-1538,658253613-1,6271,246-227-340-143-320-352-657-501-1,275-584-240-137-1,116-5,061-375-723-952-2,177-4,255-4,502-2,307
Cash Financing24397749162574935414,6097081,27753329034,8669431,876-6,2632672461,1497682,2451,8224,743220-3484611,547-14,370632