Brookfield, CT, United States
Brookfield, CT, United States

Photronics, Inc is an American semiconductor photomask manufacturer. It was a third largest photomask supplier at 2009 Wikipedia.


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Patent
Photronics | Date: 2013-03-14

A microfluidic mixer including one or more mixer channels, each of the mixer channels having at least one glass surface on which are formed protrusions arranged in a herringbone pattern.


Patent
Photronics | Date: 2016-03-30

A microfluidic panel including at least one substrate, one or more channels formed in the substrate, and fluid disposed within the one or more channels. The fluid is selected to store thermal energy and the microfluidic panel is adapted to convert the thermal energy into useable energy or condition the energy to adjust optical wavelength passband of the panel.


Patent
Photronics | Date: 2014-01-21

A microfluidic panel including at least one substrate, one or more channels formed in the substrate, and fluid disposed within the one or more channels. The fluid is selected to store thermal energy and the microfluidic panel is adapted to convert the thermal energy into useable energy or condition the energy to adjust optical wavelength passband of the panel.


Patent
Photronics | Date: 2013-03-15

A method for forming a three-dimensional microstructure includes providing a photosensitive glass substrate; exposing the photosensitive glass substrate to energy through a continuous tone, variable transmission photomask so as to form opaque portions in the photosensitive glass substrate, each of the opaque portions having one of a variety of depths extending through the entire thickness of the photosensitive glass substrate; and removing the opaque portions so as to form three-dimensional features in the photosensitive glass substrate.


Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today announced they have acquired manufacturing assets and certain intellectual property of Infinite Graphics Incorporated (IGI). Terms of the agreement were not disclosed. "These assets will allow us to expand our manufacturing capability to serve new markets, such as large area masks for IC, and more efficiently align our existing mainstream manufacturing capacity to meet customer demand," said Peter Kirlin, chief executive officer. "From a financial standpoint, these assets should provide modest incremental sales and the ability to increase efficiency as we integrate them into our operations. We are also acquiring some intellectual property for emerging technologies targeting advanced packaging and related markets. With our global reach and proven ability to bring leading-edge products to market, we intend to accelerate the product development cycle for these technologies." Photronics estimates the large area mask market segment to be approximately $40 million per year and highly fragmented. With these assets, Photronics plans to leverage its global presence and customer relationships to grow the business. The sector is projected to grow over the next several years due to advancements in wafer level packaging. Large area masks are a key enabler to manufacture advanced packaging solutions in the semiconductor industry. Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements made by or on behalf of Photronics, Inc. and its subsidiaries (the Company). The forward-looking statements contained in this press release and other parts of Photronics' web site involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices, and other factors. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental, and technological factors as well as decisions we may make in the future regarding our business, capital structure and other matters. These forward-looking statements generally can be identified by phrases such as "believes", "expects", "anticipates", "plans", "projects", and similar expressions. Accordingly, there is no assurance that the Company's expectations will be realized. For a fuller discussion of the factors that may affect the Company's operations, see "Forward Looking Statements" in the Company's Quarterly and Annual Reports to the Securities and Exchange Commission on Forms 10-Q and 10-K. The Company assumes no obligation to provide revisions to any forward-looking statements.


News Article | February 15, 2017
Site: www.marketwired.com

Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today reported financial results for fiscal 2017 first quarter ended January 29, 2017. First quarter sales were $109.8 million, up 2% sequentially and down 15% compared with last year. Sales of integrated circuits (IC) photomasks were $86.4 million, an improvement of 5% sequentially and down 13% compared with last year, while sales of flat panel display (FPD) photomasks were $23.4 million, down 7% sequentially and 23% compared with last year. Net income attributable to Photronics, Inc. shareholders was $1.9 million ($0.03 per diluted share), compared with $21.0 million ($0.28 per diluted share), for the first quarter of 2016, which included a non-recurring net gain of $8.8 million ($0.11 per diluted share); and $5.3 million ($0.08 per diluted share) for the fourth quarter of 2016, which included a non-recurring tax benefit of $1.8 million ($0.03 per diluted share). "We achieved improved sales compared with the fourth quarter of 2016 as an increase in IC sales was partially offset by lower FPD demand," said Peter Kirlin, chief executive officer. "IC sales were up, despite seasonal headwinds. FPD was lower as growth in high-end was more than offset by a decline in mainstream as customers focused on supporting current production, which limited new product releases. With the top line improvement, we achieved higher operating income and cash from operations through continued cost management and financial discipline. Progress continues on our two strategic investments this year, with ground breaking scheduled to take place for our China IC facility by the end of February, and we expect to receive new FPD tools soon, with the installation to begin in the third quarter." Kirlin continued, "Looking ahead to the second quarter, we anticipate improved mainstream IC sales, mixed results in high-end IC, and flat FPD revenues, with orders for new AMOLED displays ramping at quarter end." For the second quarter of 2017, Photronics expects revenues to be between $105 million and $115 million and net income attributable to Photronics, Inc. shareholders to be between $0.01 and $0.07 per diluted share. A conference call with investors and the media to discuss these results is scheduled for 8:30 a.m. Eastern time on Wednesday, February 15, 2017. The call can be accessed by logging onto Photronics' web site at www.photronics.com. The live dial-in number is (877) 377-7095 or (408) 774-4601 outside of the United States and Canada. The call will be archived on Photronics' web site for instant replay access. Non-GAAP net income attributable to Photronics, Inc. shareholders, non-GAAP earnings per share, and non-GAAP EBITDA are "non-GAAP financial measures" as such term is defined by the Securities and Exchange Commission, and may differ from non-GAAP financial measures used by other companies. The attached financial supplement reconciles Photronics, Inc.'s financial results under GAAP to non-GAAP financial information. Photronics, Inc. believes these non-GAAP financial measures that exclude certain non-cash or non-recurring income or expense items are useful for analysts and investors to evaluate Photronics, Inc.'s future on-going performance because they enable a more meaningful comparison of Photronics, Inc.'s projected earnings and performance with its historical results of prior periods. These non-GAAP metrics are not intended to represent funds available for Photronics, Inc.'s discretionary use and are not intended to represent, or be used as a substitute for, operating income, net income or cash flows from operations data as measured under GAAP. The items excluded from these non-GAAP metrics, but included in the calculation of their closest GAAP equivalent, are significant components of the condensed consolidated statements of income and must be considered in performing a comprehensive assessment of overall financial performance. Non-GAAP financial information is adjusted for the following items: 1. Net cash defined as cash and cash equivalents less long-term borrowings (including current portion), as reported in accordance with GAAP. Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements made by or on behalf of Photronics, Inc. and its subsidiaries (the Company). The forward-looking statements contained in this press release and other parts of Photronics' web site involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices, and other factors. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental, and technological factors as well as decisions we may make in the future regarding our business, capital structure and other matters. These forward-looking statements generally can be identified by phrases such as "believes", "expects", "anticipates", "plans", "projects", and similar expressions. Accordingly, there is no assurance that the Company's expectations will be realized. For a fuller discussion of the factors that may affect the Company's operations, see "Forward Looking Statements" in the Company's Quarterly and Annual Reports to the Securities and Exchange Commission on Forms 10-Q and 10-K. The Company assumes no obligation to provide revisions to any forward-looking statements.


News Article | November 28, 2016
Site: www.marketwired.com

BROOKFIELD, CT--(Marketwired - November 28, 2016) - Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today announced that its majority owned subsidiary Photronics DNP Mask Corporation (PDMC) received the Best Partner Award from United Microelectronics Corporation (UMC) for the second consecutive year in recognition of excellent performance and support as a photomask partner. "This award from UMC recognizes the dedication and hard work by the team at PDMC to provide excellent customer service while establishing Photronics as a photomask technology leader," stated Peter Kirlin, chief executive officer. "UMC is an important partner to us and I am extremely proud of our team for this achievement. We look forward to building upon this mutually beneficial relationship as we each expand our manufacturing technology into 28 and 14 nanometers, and build our manufacturing presence in China." "We are pleased to recognize PDMC for their outstanding support and providing high-quality photomasks to our operations," stated P. W. Yen, chief executive officer of UMC. "UMC has always been committed to establishing win-win partnerships with our suppliers. This annual award recognizes a select few suppliers for their commitment to this vision. We would like to congratulate the entire team at PDMC, and thank them for their care and support as we work together to solidify our relationship into the future." Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements made by or on behalf of Photronics, Inc. and its subsidiaries (the Company). The forward-looking statements contained in this press release and other parts of Photronics' web site involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices, and other factors. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental, and technological factors as well as decisions we may make in the future regarding our business, capital structure and other matters. These forward-looking statements generally can be identified by phrases such as "believes", "expects", "anticipates", "plans", "projects", and similar expressions. Accordingly, there is no assurance that the Company's expectations will be realized. For a fuller discussion of the factors that may affect the Company's operations, see "Forward Looking Statements" in the Company's Quarterly and Annual Reports to the Securities and Exchange Commission on Forms 10-Q and 10-K. The Company assumes no obligation to provide revisions to any forward-looking statements.


News Article | December 6, 2016
Site: www.marketwired.com

Photronics, Inc. ( : PLAB), a worldwide leader in supplying innovative imaging technology solutions for the global electronics industry, today reported financial results for fiscal 2016 fourth quarter ended October 30, 2016. Fourth quarter sales were $107.4 million, down 13% sequentially and 24% compared with last year. Sales of flat panel display (FPD) photomasks were $25.1 million, down 17% compared with last year and 20% sequentially, while sales of integrated circuits (IC) photomasks were $82.3 million, down 26% from the same period last year and 10% from last quarter. Net income attributable to Photronics, Inc. shareholders was $5.3 million ($0.08 per diluted share) and includes a non-recurring tax benefit of $1.8 million ($0.03 per diluted share) primarily related to the recognition of certain tax benefits in Taiwan that were determined to be realizable in filings for future tax periods, compared with $18.6 million ($0.25 per diluted share), for the fourth quarter of 2015. "Demand for our products fell during the quarter as many of our customers decreased new design activity, reducing the demand for new photomasks, especially at the high end," said Peter Kirlin, chief executive officer. "High end FPD remains soft as the industry transitions from LCD to OLED, temporarily reducing new design activity. High end IC memory is starting to see pricing recovery, driving new design activity but not yet impacting mask demand. High end IC logic, which can be volatile, was down this period. Net income fell due to the lower sales level, but we were able to offset some of the decline by reducing our operating expenses. Despite lower sales and net income, cash flow from operations was positive and we added to our already strong balance sheet. We are well positioned to invest in our growth initiatives for IC and FPD, while also evaluating strategic M&A opportunities." Full year sales were $483.5 million, down 8% compared with last year. Sales of IC photomasks were down 13%, while sales of FPD photomasks increased 15%. Net income attributable to Photronics, Inc. shareholders was $46.2 million ($0.64 per diluted share), compared with $44.6 million ($0.63 per diluted share) in 2015. Non-GAAP net income attributable to Photronics, Inc. shareholders was $32.6 million ($0.47 per diluted share), compared with $45.5 million ($0.64 per diluted share) in 2015. Kirlin continued, "While we believe our end market demand will improve in 2017, we don't anticipate any meaningful improvement during the first quarter. Markets should basically remain level with fourth quarter demand, with potential tailwinds from high-end logic offset by seasonal softness from Christmas and Chinese New Year holidays." For the first quarter of 2017, Photronics expects revenues to be between $104 million and $112 million and net income attributable to Photronics, Inc. shareholders to be between $0.01 and $0.06 per diluted share. Non-GAAP net income attributable to Photronics, Inc. shareholders and non-GAAP earnings per share are "non-GAAP financial measures," as such term is defined by the Securities and Exchange Commission, and may differ from non-GAAP financial measures used by other companies. The attached financial supplement reconciles non-GAAP financial information with Photronics, Inc.'s financial results under GAAP. Photronics, Inc. believes that non-GAAP net income attributable to Photronics, Inc. shareholders and non-GAAP earnings per share that exclude certain non-cash or non-recurring income or expense items are useful for analysts and investors to evaluate Photronics, Inc.'s future on-going performance because they enable a more meaningful comparison of Photronics, Inc.'s projected earnings and performance with its historical results of prior periods. These non-GAAP metrics, in particular non-GAAP net income attributable to Photronics, Inc. shareholders and non-GAAP earnings per share, are not intended to represent funds available for Photronics, Inc.'s discretionary use and are not intended to represent, or be used as a substitute for, operating income, net income or cash flows from operations data as measured under GAAP. The items excluded from these non-GAAP metrics, but included in the calculation of their closest GAAP equivalent, are significant components of the consolidated statements of operations and must be considered in performing a comprehensive assessment of overall financial performance. Non-GAAP financial information is adjusted for the following items: The presentation of this financial information should not be considered in isolation from, or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States. The attached financial supplement reconciles non-GAAP financial information with Photronics, Inc.'s financial results under GAAP. A conference call with investors and the media to discuss these results is scheduled for 8:30 a.m. Eastern time on Tuesday, December 6, 2016. The call can be accessed by logging onto Photronics' web site at www.photronics.com. The live dial-in number is (877) 377-7095 or (408) 774-4601 outside of the United States and Canada. The call will be archived on Photronics' web site for instant replay access. Photronics is a leading worldwide manufacturer of photomasks. Photomasks are high precision quartz plates that contain microscopic images of electronic circuits. A key element in the manufacture of semiconductors and flat panel displays, photomasks are used to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, a variety of flat panel displays and, to a lesser extent, other types of electrical and optical components. They are produced in accordance with product designs provided by customers at strategically located manufacturing facilities in Asia, Europe, and North America. Additional information on the Company can be accessed at www.photronics.com The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements made by or on behalf of Photronics, Inc. and its subsidiaries (the Company). The forward-looking statements contained in this press release and other parts of Photronics' web site involve risks and uncertainties that may affect the Company's operations, markets, products, services, prices, and other factors. These risks and uncertainties include, but are not limited to, economic, competitive, legal, governmental, and technological factors as well as decisions we may make in the future regarding our business, capital structure and other matters. These forward-looking statements generally can be identified by phrases such as "believes", "expects", "anticipates", "plans", "projects", and similar expressions. Accordingly, there is no assurance that the Company's expectations will be realized. For a fuller discussion of the factors that may affect the Company's operations, see "Forward Looking Statements" in the Company's Quarterly and Annual Reports to the Securities and Exchange Commission on Forms 10-Q and 10-K. The Company assumes no obligation to provide revisions to any forward-looking statements. PHOTRONICS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Income (in thousands, except per share amounts) PHOTRONICS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (in thousands) PHOTRONICS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Cash Flows (in thousands) PHOTRONICS, INC. AND SUBSIDIARIES Reconciliation of GAAP to Non-GAAP Financial Information (in thousands, except per share data) (Unaudited) PHOTRONICS, INC. AND SUBSIDIARIES Non-GAAP Financial Measure Reconciliation of GAAP Net Income to Non-GAAP EBITDA (in thousands) (Unaudited)


News Article | December 13, 2016
Site: marketersmedia.com

LONDON, UK / ACCESSWIRE / December 13, 2016 / Active Wall St. announces its post-earnings coverage on Photronics, Inc. (NASDAQ: PLAB). The Company posted its fourth quarter and fiscal 2016 earnings results on December 06, 2016. The electronics imaging company's sales and net income numbers declined on a y-o-y basis, but were able to beat expectations. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Photronics' competitors within the Semiconductor Equipment & Materials space, Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC), reported on November 15, 2016 its Q4 & Fiscal Year 2016 results. AWS will be initiating a research report on Kulicke and Soffa Industries in the coming days. Today, AWS is promoting its earnings coverage on PLAB; touching on KLIC. Get our free coverage by signing up to: For the fourth quarter ended on October 30, 2016, Photronics reported sales of $107.4 million, down 13% sequentially and 24% compared to the year ago same period. The company stated that weakness was observed across all of its markets, primarily at the high-end for both Integrated Circuits (IC) and flat panel display (FPD). The company's revenue numbers topped market expectations of $107 million. During Q4 FY16, sales of FPD photomasks declined 17% on a y-o-y basis to $25.1 million, while sales of IC photomasks were $82.3 million in the reported quarter, down 26% from the same period last year. The company stated that its largest customer had taken some production off-line and is transitioning from LCD to OLED. In the long-term, the company believed that the transition would be positive, but it will impact the company's nearer-term demand. On a geographical basis, Photronics' Q4 FY16 sales were 73% from Asia and 27% were from the US and Europe. For Q4 FY16, Photronics' gross margin totaled 19.1%, down 640 basis points sequentially as a result of the reduced revenue and increased equipment expense, principally depreciation. SG&A expenses for Q4 FY16 were down $970,000 sequentially, primarily related to reduced compensation expenses. The company reduced operating expense by 12% compared with Q4 FY15, limiting the decline in operating profit. Despite lower sales, the company achieved a 4.9% operating margin for the reported quarter. Net income attributed to Photronics' shareholders was $5.3 million, or $0.08 per diluted share, and includes a non-recurring tax benefit of $1.8 million ($0.03 per diluted share) primarily related to the recognition of certain tax benefits in Taiwan that were determined to be realizable in filings for future tax periods compared with net income attributed to Photronics' shareholders of $18.6 million, or $0.25 per diluted share, for Q4 FY15. The company's earnings results beat Wall Street's expectations of $0.02 per share. For FY16, Photronics' sales were $483.5 million, down 8% compared to FY15. Sales of IC photomasks were down 13%, while sales of FPD photomasks increased 15% on a y-o-y basis. Net income attributed to Photronics' shareholders for FY16 was $46.2 million, or $0.64 per diluted share, compared to $44.6 million, or $0.63 per diluted share, in FY15. Non-GAAP net income attributed to Photronics' shareholders was $32.6 million, or $0.47 per diluted share, compared to $45.5 million, or $0.64 per diluted share, in FY15. As of October 30th, 2016, Photronics had cash and cash equivalents worth $314.07 million with net cash totaling $247 million, an improvement of $173 million from last year. The company's cash CapEx for Q4 FY16 was $5 million, bringing the year-end total to $50 million. For FY17, the company is expecting to spend approximately $100 million in cash CapEx including the balance of its FPD investment and China IC investment. For Q1 FY17, Photronics is projecting revenues to be in the range of $104 million and $112 million. The company is anticipating seasonal trends in demand [shipments] and also noted that both Christmas and Chinese New Year fall will fall within its Q1 FY17. Based on this revenue expectation and its current operating model, Photronics is estimating net income attributed to Photronics' shareholders to be between $0.01 and $0.06 per diluted share for Q1 FY17. At the closing bell, on Monday, December 12, 2016, Photronics' stock closed the trading session at $11.60, slightly up 0.43% from its previous closing price of $11.55. A total volume of 460.22 thousand shares have exchanged hands, which was higher than the 3-month average volume of 439.16 thousand shares. The Company's stock price advanced 7.91% in the last month, 16.12% in the past three months, and 25.00% in the previous six months. Shares of the company have a PE ratio of 18.27. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. 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If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / December 13, 2016 / Active Wall St. announces its post-earnings coverage on Photronics, Inc. (NASDAQ: PLAB). The Company posted its fourth quarter and fiscal 2016 earnings results on December 06, 2016. The electronics imaging company's sales and net income numbers declined on a y-o-y basis, but were able to beat expectations. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Photronics' competitors within the Semiconductor Equipment & Materials space, Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC), reported on November 15, 2016 its Q4 & Fiscal Year 2016 results. AWS will be initiating a research report on Kulicke and Soffa Industries in the coming days. Today, AWS is promoting its earnings coverage on PLAB; touching on KLIC. Get our free coverage by signing up to: For the fourth quarter ended on October 30, 2016, Photronics reported sales of $107.4 million, down 13% sequentially and 24% compared to the year ago same period. The company stated that weakness was observed across all of its markets, primarily at the high-end for both Integrated Circuits (IC) and flat panel display (FPD). The company's revenue numbers topped market expectations of $107 million. During Q4 FY16, sales of FPD photomasks declined 17% on a y-o-y basis to $25.1 million, while sales of IC photomasks were $82.3 million in the reported quarter, down 26% from the same period last year. The company stated that its largest customer had taken some production off-line and is transitioning from LCD to OLED. In the long-term, the company believed that the transition would be positive, but it will impact the company's nearer-term demand. On a geographical basis, Photronics' Q4 FY16 sales were 73% from Asia and 27% were from the US and Europe. For Q4 FY16, Photronics' gross margin totaled 19.1%, down 640 basis points sequentially as a result of the reduced revenue and increased equipment expense, principally depreciation. SG&A expenses for Q4 FY16 were down $970,000 sequentially, primarily related to reduced compensation expenses. The company reduced operating expense by 12% compared with Q4 FY15, limiting the decline in operating profit. Despite lower sales, the company achieved a 4.9% operating margin for the reported quarter. Net income attributed to Photronics' shareholders was $5.3 million, or $0.08 per diluted share, and includes a non-recurring tax benefit of $1.8 million ($0.03 per diluted share) primarily related to the recognition of certain tax benefits in Taiwan that were determined to be realizable in filings for future tax periods compared with net income attributed to Photronics' shareholders of $18.6 million, or $0.25 per diluted share, for Q4 FY15. The company's earnings results beat Wall Street's expectations of $0.02 per share. For FY16, Photronics' sales were $483.5 million, down 8% compared to FY15. Sales of IC photomasks were down 13%, while sales of FPD photomasks increased 15% on a y-o-y basis. Net income attributed to Photronics' shareholders for FY16 was $46.2 million, or $0.64 per diluted share, compared to $44.6 million, or $0.63 per diluted share, in FY15. Non-GAAP net income attributed to Photronics' shareholders was $32.6 million, or $0.47 per diluted share, compared to $45.5 million, or $0.64 per diluted share, in FY15. As of October 30th, 2016, Photronics had cash and cash equivalents worth $314.07 million with net cash totaling $247 million, an improvement of $173 million from last year. The company's cash CapEx for Q4 FY16 was $5 million, bringing the year-end total to $50 million. For FY17, the company is expecting to spend approximately $100 million in cash CapEx including the balance of its FPD investment and China IC investment. For Q1 FY17, Photronics is projecting revenues to be in the range of $104 million and $112 million. The company is anticipating seasonal trends in demand [shipments] and also noted that both Christmas and Chinese New Year fall will fall within its Q1 FY17. Based on this revenue expectation and its current operating model, Photronics is estimating net income attributed to Photronics' shareholders to be between $0.01 and $0.06 per diluted share for Q1 FY17. At the closing bell, on Monday, December 12, 2016, Photronics' stock closed the trading session at $11.60, slightly up 0.43% from its previous closing price of $11.55. A total volume of 460.22 thousand shares have exchanged hands, which was higher than the 3-month average volume of 439.16 thousand shares. The Company's stock price advanced 7.91% in the last month, 16.12% in the past three months, and 25.00% in the previous six months. Shares of the company have a PE ratio of 18.27. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


LONDON, UK / ACCESSWIRE / December 9, 2016 / Active Wall St. announces its post-earnings coverage on Xcerra Corp. (NASDAQ: XCRA). The Company reported its financial results for the first quarter fiscal 2017 (Q1 FY17) on December 01, 2016. The Norwood, Massachusetts-based company reported adjusted diluted earnings in green, outperforming market consensus estimates. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Xcerra's competitors within the Semiconductor Equipment & Materials space, Photronics, Inc. (NASDAQ: PLAB), reported on December 06, 2016, its financial results for fiscal 2016 fourth quarter ended October 30, 2016. AWS will be initiating a research report on Photronics in the coming days. Today, AWS is promoting its earnings coverage on XCRA; touching on PLAB. Get our free coverage by signing up to: In Q1 FY17, Xcerra's net sales grew to $80.09 million from $78.40 million recorded at the end of Q1 FY16. However, net sales numbers for Q1 FY17 fell short of market consensus estimates of $82.1 million. During the reported quarter, revenue growth was around 2% y-o-y, with solid growth of 13% y-o-y in Semi Test solutions business, partially offset by 28% y-o-y weakness in electronics manufacturing business. During Q1 FY17, Xcerra generated 81% of its revenues came from Semiconductor Tests Solutions business while the remaining 19% came from Electronics Manufacturing Solutions. The automotive, mobility and Internet of Things have enabled Semi Tests solutions segment to post revenue of $65 million in Q1 FY17, compared to $57 million in Q1 FY16. Additionally, revenues from Electronics Manufacturing Solutions declined to $15 million in Q1 FY17 from $$21 million in the prior year's same quarter. The semiconductor equipment testing company reported net income of $18 thousand in Q1 FY17 compared to net loss of $1.67 million in the prior year's comparable quarter. Excluding restructuring charges of $107 thousand, and amortization of purchased intangible assets of $190 thousand, non-GAAP net income for Q1 FY17 came in at $315 thousand, or $0.01 per diluted share, compared to non-GAAP net loss of $331 thousand or $0.01 loss per diluted share in the previous year same period. For Q1 FY17, Wall Street had expected the company to report non-GAAP net loss of $0.01 per diluted share. "While sales were at the low end of guidance, our non-GAAP net income was at the high end. Earnings for the quarter outperformed our model due to a favorable product mix, which generated higher gross margins." In the quarter ended on October 31, 2016, Xcerra's gross profit improved to $34.36 million from $32.13 million in the year ago same period. The company's gross margin for the reported quarter came in at 42.9% of net sales. In Q1 FY17, selling, general, and administrative expenses was $18.46 million versus $17.95 million in Q1 FY16. Furthermore, the company generated EBITDA of approximately $3.5 million in Q1 FY17, which is the 11th consecutive quarter of positive EBITDA. The company had cash and cash equivalents balance of $75.63 million on October 31, 2016, which was below $83.07 million as on close of books on July 31, 2016. The company ended the reported quarter with term loan of $20.52 million, down from $21.20 million as on July 31, 2016. Furthermore, net inventories increased to $70.24 million as on October 31, 2016, from $69.99 million as on July 31, 2016. In its guidance for the second quarter ending January 31, 2017, the company expects net sales to be in the range of $77 million to $81 million. Furthermore, non-GAAP net loss for the upcoming quarter is projected to be in the range of $(0.04) to $0.00 per share. At the closing bell, on Thursday, December 08, 2016, Xcerra's stock rose 2.60%, ending the trading session at $7.10. A total volume of 452.19 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 160.08 thousand shares. In the last month and previous three months, shares of the company have surged 27.70% and 27.93%, respectively. Moreover, the stock gained 17.36% since the start of the year. The stock is trading at a PE ratio of 118.33 and has a market capitalization of $382.12 million. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / December 9, 2016 / Active Wall St. announces its post-earnings coverage on Xcerra Corp. (NASDAQ: XCRA). The Company reported its financial results for the first quarter fiscal 2017 (Q1 FY17) on December 01, 2016. The Norwood, Massachusetts-based company reported adjusted diluted earnings in green, outperforming market consensus estimates. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Xcerra's competitors within the Semiconductor Equipment & Materials space, Photronics, Inc. (NASDAQ: PLAB), reported on December 06, 2016, its financial results for fiscal 2016 fourth quarter ended October 30, 2016. AWS will be initiating a research report on Photronics in the coming days. Today, AWS is promoting its earnings coverage on XCRA; touching on PLAB. Get our free coverage by signing up to: In Q1 FY17, Xcerra's net sales grew to $80.09 million from $78.40 million recorded at the end of Q1 FY16. However, net sales numbers for Q1 FY17 fell short of market consensus estimates of $82.1 million. During the reported quarter, revenue growth was around 2% y-o-y, with solid growth of 13% y-o-y in Semi Test solutions business, partially offset by 28% y-o-y weakness in electronics manufacturing business. During Q1 FY17, Xcerra generated 81% of its revenues came from Semiconductor Tests Solutions business while the remaining 19% came from Electronics Manufacturing Solutions. The automotive, mobility and Internet of Things have enabled Semi Tests solutions segment to post revenue of $65 million in Q1 FY17, compared to $57 million in Q1 FY16. Additionally, revenues from Electronics Manufacturing Solutions declined to $15 million in Q1 FY17 from $$21 million in the prior year's same quarter. The semiconductor equipment testing company reported net income of $18 thousand in Q1 FY17 compared to net loss of $1.67 million in the prior year's comparable quarter. Excluding restructuring charges of $107 thousand, and amortization of purchased intangible assets of $190 thousand, non-GAAP net income for Q1 FY17 came in at $315 thousand, or $0.01 per diluted share, compared to non-GAAP net loss of $331 thousand or $0.01 loss per diluted share in the previous year same period. For Q1 FY17, Wall Street had expected the company to report non-GAAP net loss of $0.01 per diluted share. "While sales were at the low end of guidance, our non-GAAP net income was at the high end. Earnings for the quarter outperformed our model due to a favorable product mix, which generated higher gross margins." In the quarter ended on October 31, 2016, Xcerra's gross profit improved to $34.36 million from $32.13 million in the year ago same period. The company's gross margin for the reported quarter came in at 42.9% of net sales. In Q1 FY17, selling, general, and administrative expenses was $18.46 million versus $17.95 million in Q1 FY16. Furthermore, the company generated EBITDA of approximately $3.5 million in Q1 FY17, which is the 11th consecutive quarter of positive EBITDA. The company had cash and cash equivalents balance of $75.63 million on October 31, 2016, which was below $83.07 million as on close of books on July 31, 2016. The company ended the reported quarter with term loan of $20.52 million, down from $21.20 million as on July 31, 2016. Furthermore, net inventories increased to $70.24 million as on October 31, 2016, from $69.99 million as on July 31, 2016. In its guidance for the second quarter ending January 31, 2017, the company expects net sales to be in the range of $77 million to $81 million. Furthermore, non-GAAP net loss for the upcoming quarter is projected to be in the range of $(0.04) to $0.00 per share. At the closing bell, on Thursday, December 08, 2016, Xcerra's stock rose 2.60%, ending the trading session at $7.10. A total volume of 452.19 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 160.08 thousand shares. In the last month and previous three months, shares of the company have surged 27.70% and 27.93%, respectively. Moreover, the stock gained 17.36% since the start of the year. The stock is trading at a PE ratio of 118.33 and has a market capitalization of $382.12 million. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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