Tue, May 6, 9:23 PM (9 days ago)
**Axcelis Technologies, Inc. (ACLS) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $192,563,000 (down 23.7% YoY from $252,372,000). - **Profit Margins:** Gross margin at 46.1% (down slightly from 46.0% YoY). - **Net Income:** $28,579,000 (down 44.6% YoY from $51,595,000). - **EPS:** Basic $0.89 (down from $1.58 YoY), Diluted $0.88 (down from $1.57 YoY). - **Cash Flow:** Positive operating cash flow of $39,795,000 (down from $42,223,000 YoY). - **Cash Position:** $183,957,000 in cash and cash equivalents (up from $123,512,000 YoY). **Operational Metrics:** - **Product Revenue:** $182,824,000 (down 24.9% YoY). - **Services Revenue:** $9,739,000 (up 8.8% YoY). - **Operating Expenses:** $59,609,000 (up 0.2% YoY). - **R&D Expenses:** $27,128,000 (up 5.7% YoY). - **Sales and Marketing:** $15,124,000 (down 13.3% YoY). - **General and Administrative:** $17,357,000 (up 5.8% YoY). **Trends and Uncertainties:** - **Market Conditions:** Decreased system sales due to customers moderating investments in mature process node technologies. - **Geopolitical Factors:** Tariffs and trade uncertainties may impact future operations. - **Cash Management:** Strong cash position to support business growth and share repurchases. **Future Operations Impact:** - **Share Repurchase:** $100 million additional funding approved for stock repurchase program. - **Investment Plans:** Considering both organic and inorganic growth opportunities. - **Liquidity:** Sufficient cash reserves to meet short- and long-term requirements. **Conclusion:** Axcelis Technologies, Inc. faced a challenging quarter with significant revenue declines, primarily due to reduced system sales. However, the company maintains a strong cash position and is strategically positioned to navigate market uncertainties and invest in future growth. The focus on share repurchases and potential growth opportunities indicates a proactive approach to enhancing shareholder value.