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Nasdaq:MTSN
Mattson
Technology is a global innovator of dry strip and rapid thermal processing
(RTP) solutions essential to front-end fabrication of current-generation
integrated circuits (ICs). We are #1 in strip and #2 in RTP market share
globally and lead the industry in strip and RTP technology. Mattson is
vital to our customers because we consistently deliver the lowest total
cost of ownership (TCO) through proprietary process improvements, error
reduction and elimination, better wafer-handling performance and increased
yields. Our manufacturing equipment utilizes innovative technology to deliver
advanced processing capability and high productivity for both 200 mm and
300 mm production at sub-90 nm technology nodes. Our customers include
the top 20 global IC manufacturers, and we have systems installed in major
fabrication facilities around the world.
http://www.mattson.com
Mattson
Technology, Inc. Revises Second Quarter Guidance
FREMONT,
Calif., July 8 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. (Nasdaq:
MTSN), a leading supplier of advanced process equipment used to manufacture
semiconductors, today revised its previously announced second quarter 2008
guidance (quarter ended June 29, 2008). The Company's revised guidance
reflects a protracted weakness in the overall semiconductor market that
has resulted in lower shipments to some of its major memory customers.
Based
on preliminary information, second quarter revenue excluding royalty income
is expected to be approximately $35 million, as compared to the previously
announced guidance of $40 to $42 million. The Company cited continuing
weakness in the memory market, which caused delays of systems shipments
to certain customers' fabrication plants. In addition, lower production
levels at customers' fabrication plants have also caused spares and service
sales to be less than had been anticipated.
Gross
margins are expected to be approximately 34 percent, as compared to the
previous guidance of 39 to 41 percent. The decline in gross margin is primarily
attributable to under absorption in the Company's factories resulting from
lower revenue. The shift in the Company's product and distribution mix
caused by the push-outs and lower spares revenue further impacted gross
margins.
Losses
excluding royalty income and previously announced restructuring and severance
expenses are expected to be between ($0.26) to ($0.24) per share, as compared
to previous guidance of ($0.17) to ($0.10) per share. Second quarter royalty
income from Dainippon Screen Manufacturing Co., Ltd. (DNS) is expected
to be $6.4 million. Restructuring and severance expenses are expected to
be approximately $0.9 million. On a GAAP basis, losses including royalty
income, restructuring and severance expenses are expected to be between
($0.15) and ($0.13) per share.
Mattson
Technology, Inc. Announces First Quarter 2008 Results
FREMONT,
Calif., April 23 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. (Nasdaq:
MTSN), a leading supplier of advanced process equipment used to manufacture
semiconductors, today announced results for the first quarter ended March
30, 2008.
First
Quarter 2008 Business Highlights:
Mattson
shipped its 100th Suprema(TM) photoresist strip system, within just two
years of the official introduction of the product. The system was shipped
to a customer in China for one of the newest 300mm semiconductor foundries
in the world.
The
Company received multiple orders for Suprema from a new customer, expanding
Mattson's presence into the Singapore market for advanced technology.
Mattson
received an order for multiple Nexion(TM) Etch systems. The initial order
marks the Company's expansion into the Etch market, doubles Mattson's served-available-market
and broadens the Company's future growth opportunities.
First
Quarter 2008 Financial Results
Net
sales for the current quarter were $48.7 million, down 7.0 percent from
$52.3 million for the previous quarter, and down 30.4 percent from $69.9
million in the first quarter of 2007. Net sales for the fourth quarter
of 2007 included royalties of $2.9 million related to the settlement of
the patent infringement suit with Dainippon Screen Manufacturing Co., Ltd.
("DNS"). Net loss for the current quarter was $4.2 million, or $(0.09)
per diluted share, compared with net income of $4.8 million, or $0.09 per
share, for the previous quarter, and $7.7 million, or $0.14 per share,
for the first quarter of 2007.
Gross
margin for the current quarter was 42.8 percent, down 4.3 percentage points
from 47.1 percent for the previous quarter, and down 1.8 percentage points
from 44.6 percent for the first quarter of 2007. Operating expenses for
the current quarter were $24.7 million, compared to $23.5 million for the
previous quarter and $25.2 million reported for the first quarter of 2007.
Interest and other income (expense) for the current quarter reflected a
loss of $(0.2) million. This compares with interest and other income for
the previous quarter of $1.9 million and $2.6 million in the first quarter
of 2007. The decline in other income was primarily attributable to a $1.3
million reduction due to the weakening dollar and $0.5 million reduction
due to lower yields on the Company's investments.
Cash,
cash equivalents and short-term investments at the end of the first quarter
were $145.8 million, down $6.8 million from $152.6 million at the end of
2007. During the current quarter, the Company repurchased $2.6 million
of shares of common stock under its previously announced share repurchase
program.
Mattson
Technology, Inc. Announces 2007 Fourth Quarter and Year-End Results
FREMONT,
Calif., Jan. 30 /PRNewswire-FirstCall/ -- Mattson Technology, Inc. (Nasdaq:
MTSN), a leading supplier of advanced process equipment used to manufacture
semiconductors, today announced results for the fourth quarter and year
ended December 31, 2007.
2007
Financial Highlights
* 2007 net income of $27.6 million increased 61 percent year-over-year.
* 2007 gross margins of 46.1 percent improved 7.4 percentage points over
2006 gross margins of 38.7 percent.
* Cash grew by $14 million for the year, while Mattson repurchased $32
million of stock in 2007.
2007
Technology Highlights
* Strip tool Suprema(TM) achieved the majority of Strip volume and won
three new accounts.
* RTP tool Helios(TM) generated record shipments, revenues and profitability
in 2007.
* RTP tool Atmos(TM) gained two new accounts for advanced oxidation applications.
2007
Year-End Financial Result
2007
net sales were $267.3 million, including royalties of $11.5 million related
to the license agreement with Dainippon Screen Manufacturing Co., Ltd.
("DNS"), down 5 percent from 2006 net sales of $281.8 million, including
royalties from DNS of $7.5 million. 2007 net income was $27.6 million,
or $0.52 per diluted share, an increase of 61 percent as compared to 2006
net income of $17.1 million, or $0.32 per diluted share.
Gross
margin for the year, excluding royalties from DNS, was 43.7 percent, a
6.7 percentage point increase over 2006 gross margin of 37.0 percent.
Commenting
on the results for the year, David L. Dutton, chief executive officer of
Mattson Technology, said, "Our strong financial performance was fueled
by a record year from RTP and significant contributions from Suprema, which,
for the first time, comprised the majority of our revenue in Strip. Additionally,
increasing Suprema volume contributed to improved 2007 gross margins; and
net income increased from 6 percent to 10 percent year-over-year, while
we continued to invest in new technologies."
Fourth
Quarter 2007 Financial Results
Net
sales for the fourth quarter were $52.3 million, down 11 percent from $58.5
million for the previous quarter, and down 37 percent from $83.6 million
in the fourth quarter of 2006. Net sales for the fourth quarter of 2007
included royalties from DNS of $2.9 million, compared to none for the previous
quarter and $1.0 million for the fourth quarter of 2006. Net income for
the fourth quarter was $4.8 million, or $0.09 per diluted share, compared
with $3.6 million, or $0.07 per share, for the previous quarter, and $3.7
million, or $0.07 per share, for the fourth quarter of 2006.
Gross
margin for the fourth quarter, excluding royalties from DNS, was 44.0 percent,
level with 43.9 percent for the previous quarter, and up 6.0 percentage
points from 38.0 percent for the fourth quarter of 2006. Operating expenses
for the fourth quarter were $23.5 million, compared to $24.2 million for
the previous quarter and $24.7 million reported for the fourth quarter
of 2006, excluding a non-recurring impairment charge of $2.6 million in
the fourth quarter of 2006. Operating expenses as a percentage of net sales
were 44.9 percent for the fourth quarter, compared with 41.3 percent for
the previous quarter and 29.5 percent in the fourth quarter of 2006, excluding
the non-recurring charge.
Net
bookings for the quarter were $44.8 million, up 27 percent from $35.4 million
for the previous quarter, and down 38 percent from $72.6 million for the
fourth quarter of 2006.
Cash,
cash equivalents and short-term investments at the end of the fourth quarter
were $152.6 million, up $13.7 million from $138.9 million at the end of
2006. During the fourth quarter, the Company repurchased $12.4 million
of shares of common stock under its previously announced share repurchase
program.
Attached
to this news release are preliminary unaudited condensed consolidated income
statements and balance sheets.
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