State of Delaware
(State or other jurisdiction of incorporation or organization) |
0-26946
(Commission File Number) |
94-3125814
(IRS Employer Identification Number) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02.
Results of Operations and Financial Condition
Item 9.01.
Financial Statements and Exhibits
(c)
Exhibits
99.1
INTEVAC, INC.
Date: August 2, 2010
/s/ JEFFREY ANDRESON
Jeffrey Andreson
Executive Vice President, Finance and Administration,
Chief Financial Officer, Treasurer and Secretary
|
3560 Bassett Street, Santa Clara CA 95054 | |
Jeff Andreson
|
Claire McAdams | |
Chief Financial Officer
|
Investor Relations | |
(408) 986-9888
|
(530) 265-9899 |
| Total revenues of $68.6 million, up 457% year-on-year and 107% quarter-on-quarter | ||
| Gross margin of 42.3% and operating margin of 21.1% | ||
| Sixth consecutive quarter of revenue growth for Intevac Photonics | ||
| Favorable resolution of Auction Rate Securities arbitration |
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands, except per share amounts)
Three months ended
Six months ended
July 3, 2010
June 27, 2009
July 3, 2010
June 27, 2009
$
60,028
$
6,066
$
85,585
$
12,184
8,570
6,252
16,155
12,442
68,598
12,318
101,740
24,626
29,034
4,513
43,512
8,778
44.9
%
39.2
%
46.1
%
34.5
%
24.2
%
34.1
%
25.4
%
36.7
%
42.3
%
36.6
%
42.8
%
35.6
%
7,011
7,385
13,555
15,415
7,558
5,394
14,125
11,103
14,569
12,779
27,680
26,518
16,776
(5,659
)
20,656
(12,470
)
(1,441
)
(1,399
)
(2,625
)
(2,620
)
(870
)
(1,208
)
(2,199
)
(2,650
)
14,465
(8,266
)
15,832
(17,740
)
72
228
463
658
14,537
(8,038
)
16,295
(17,082
)
2,200
(3,551
)
2,528
(6,822
)
$
12,337
$
(4,487
)
$
13,767
$
(10,260
)
$
0.55
$
(0.20
)
$
0.62
$
(0.47
)
$
0.54
$
(0.20
)
$
0.60
$
(0.47
)
22,286
21,930
22,241
21,906
22,931
21,930
22,953
21,906