MOCVD equipment maker Veeco announced Q3 earnings per share net loss narrowed

Metal organic chemical vapor deposition system (MOCVD) equipment manufacturers of America (Veeco Instruments Inc.) Veeco recently announced third quarter earnings, stock prices rose 6.56% in November 2nd, to $22.65, the company a market capitalization of $920 million.

Veeco sell MOCVD machine, is an important production equipment LED epitaxy industry, currently has 783 employees, headquartered in New York, chief executive officer of JohnR.Peeler.

Veeco third quarter key financial data

According to earnings data show that MOCVD equipment business in the Q2 and Q3 has been in the end, there are new equipment orders down on the 2017 outlook help. At the same time, the demand of the company in 2017 is optimistic, Q3 Veeco reported figures show that this quarter revenue reached $85 million 500 thousand, net loss per share number is reduced, and generated $7 million in cash in the operation.

Outlook Q4, revenue is expected to reach $100 million, gross margin of 38%-40%, pre tax profit is expected to look at $6 million.

The observation of LEDinside, compared to the Chinese manufacturers to purchase another MOCVD giant German Aixtron transactions by the scrutiny of the German government, finally lead to veto sale events, Veeco and Aixtron in MOCVD equipment growth of the next cycle, Veeco in the current MOCVD devices on the market, have relatively more market opportunities. At present, after the sale of Aixtron to the Chinese manufacturers break the case, it should be restructuring, and promote new products to the market plan is still ongoing, while opponents will accelerate the pace of new products to expand record.

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