BEVERLY, Mass., Jan. 12, 2016 /PRNewswire/ -- Axcelis
Technologies, Inc. (Nasdaq: ACLS), a leading supplier of enabling
ion implantation solutions for the semiconductor industry,
announced today that it was updating guidance for the fourth
quarter of 2015, prior to presenting at the 18th Annual Needham
Growth Conference this week.
The Company now expects fourth quarter revenue of approximately
$70 million, gross margins in the low
30% range and operating profit of approximately $2 million. Earnings per share are expected to be
breakeven to $0.01 and our cash
balance will be approximately $85
million.
Kevin Brewer, executive vice
president and chief financial officer said, "Purion systems sales
have been the driver of our top line in 2015. Gross margins in the
fourth quarter will be slightly lower than guidance, impacted by
the closure of one of our outstanding Purion H evaluation tools one
quarter sooner than expected. We are pleased that 2015 has been a
positive year for Axcelis in terms of market share growth and
improved financial performance."
Safe Harbor Statement
This press release contains forward-looking statements under the
SEC safe harbor provisions. These statements, which include our
guidance for future financial performance, are based on
management's current expectations and should be viewed with
caution. They are subject to various risks and uncertainties, many
of which are outside the control of the Company, including the
timing of orders and shipments, the conversion of orders to revenue
in any particular quarter, or at all, the continuing demand for
semiconductor equipment, relative market growth, continuity of
business relationships with and purchases by major customers,
competitive pressure on sales and pricing, increases in material
and other production costs that cannot be recouped in product
pricing and global economic, political and financial conditions.
These risks and other risk factors relating to Axcelis are
described more fully in the most recent Form 10-K filed by
Axcelis and in other documents filed from time to time with the
Securities and Exchange Commission.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative,
high-productivity solutions for the semiconductor industry for over
35 years. Axcelis is dedicated to developing enabling process
applications through the design, manufacture and complete life
cycle support of ion implantation systems, one of the most critical
and enabling steps in the IC manufacturing process. Learn more
about Axcelis at www.axcelis.com.
CONTACTS:
Maureen Hart (editorial/media)
978.787.4266
Doug Lawson (investor relations)
978.787.9552
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SOURCE Axcelis Technologies, Inc.