PLAINVIEW

Veeco Reports First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, May 7, 2024
Nanosecond, Semiconductor, Webcast

PLAINVIEW, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its first quarter ended March 31, 2024. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Key Points: 
  • “We’re pleased to have received a multi-tool laser annealing order, including a Nanosecond annealing system, from a leading edge Semiconductor company for their 2 nanometer gate-all-around process.
  • Our Laser Annealing business continues to gain share at our customers most advanced nodes, with this win further validating our position.”
    The following guidance is provided for Veeco’s second quarter 2024:
    A conference call reviewing these results has been scheduled for today, May 7, 2024, starting at 5:00 PM ET.
  • Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com .
  • A replay of the webcast will be made available on the Veeco website that evening.

Leading Edge Semiconductor Company Places Multi-System Laser Annealing Order Including First Nanosecond Annealing System

Retrieved on: 
Tuesday, May 7, 2024
VECO, Contact, Logic, Artificial intelligence, LSA

PLAINVIEW, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that a leading edge semiconductor company has placed an order for multiple laser annealing systems to accelerate the design and manufacturing of 2-nanometer gate-all-around logic semiconductor chips.

Key Points: 
  • PLAINVIEW, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) announced today that a leading edge semiconductor company has placed an order for multiple laser annealing systems to accelerate the design and manufacturing of 2-nanometer gate-all-around logic semiconductor chips.
  • The order includes LSA201™ Laser Spike Annealing Systems in addition to an NSA500™ Nanosecond Annealing System.
  • “Veeco's LSA system is widely acknowledged as the optimum annealing solution for low thermal-budget applications in logic.
  • Veeco’s LSA system is capable of high temperature annealing while staying within reduced thermal budgets of advanced devices at leading-edge nodes.

Veeco Announces Date for First Quarter Financial Results and Conference Call

Retrieved on: 
Tuesday, April 16, 2024
VECO, Webcast

PLAINVIEW, N.Y., April 16, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2024 financial results after the market closes on Tuesday, May 7, 2024.

Key Points: 
  • PLAINVIEW, N.Y., April 16, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2024 financial results after the market closes on Tuesday, May 7, 2024.
  • The company will host a conference call to review these results starting at 5:00 PM ET that day.
  • Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com .
  • A replay of the webcast will be made available on the Veeco website beginning at 8:00 PM ET that same evening.

Vaso Corporation Announces Financial Results for Fourth Quarter and Full Year of 2023

Retrieved on: 
Monday, April 1, 2024
Combination, Tax, COVID, Growth, Business, Form, Travel, Class, Sub, Business analyst, Adjustment, Investment, Depreciation, File, Mergers and acquisitions, Cryptocurrency

PLAINVIEW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Vaso Corporation (“Vaso”) (OTCQX: VASO) today announced its operating results for the three months and year ended December 31, 2023.

Key Points: 
  • PLAINVIEW, N.Y., April 01, 2024 (GLOBE NEWSWIRE) -- Vaso Corporation (“Vaso”) (OTCQX: VASO) today announced its operating results for the three months and year ended December 31, 2023.
  • I, a Delaware corporation (“Achari”) (NASDAQ: AVHI), and Achari Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Achari (“Merger Sub”).
  • Gross profit for the fourth quarter of 2023 decreased by 4.0% to $14.1 million, compared with a gross profit of $14.6 million for the same quarter of 2022.
  • Selling, general and administrative (SG&A) and R&D expenses for the fourth quarter of 2023 increased by 14.7% to $12.9 million, compared to $11.3 million for the fourth quarter of 2022.

Veeco Releases Sustainability Report Highlighting Progress and Dedication to ESG Goals

Retrieved on: 
Wednesday, March 20, 2024
Sustainability, Carbon, ESG, Environment, VECO

PLAINVIEW, N.Y., March 20, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today released its fifth Sustainability Report highlighting the Company’s progress towards environmental, social, and governance (ESG) initiatives.

Key Points: 
  • PLAINVIEW, N.Y., March 20, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today released its fifth Sustainability Report highlighting the Company’s progress towards environmental, social, and governance (ESG) initiatives.
  • This Sustainability Report, reflecting 2023 data, demonstrates the Company’s continued progress and commitment to executing a robust sustainability strategy.
  • “Our commitment to environment, society, and governance initiatives is as strong as ever and I am grateful to the Veeco United team for their continued dedication to our efforts,” said Bill Miller, Veeco’s Chief Executive Officer.
  • “We strongly believe in reducing our carbon footprint, building a diverse and inclusive team, leveraging renewable energy sources, and being a responsible neighbor and corporate citizen.”
    Veeco’s fifth Sustainability Report features detailed goals focused on hazardous substance policies, expanded community philanthropy and engagement, prioritized employee health, continued commitment to company culture, strong relationships with suppliers, and more.

NexaMotion Group Announces Opening of New Arch Auto Parts Store in Plainview, New York

Retrieved on: 
Tuesday, March 19, 2024
NMG, Acquisition

CLEVELAND, March 19, 2024 /PRNewswire/ -- NexaMotion Group (NMG) announced the opening of its newest Arch Auto Parts store in Plainview, New York.

Key Points: 
  • CLEVELAND, March 19, 2024 /PRNewswire/ -- NexaMotion Group (NMG) announced the opening of its newest Arch Auto Parts store in Plainview, New York.
  • Arch Auto Parts is New York's neighborhood auto parts supplier in Brooklyn, Queens, the Bronx and Nassau County.
  • The Plainview location is the company's 22nd store and will be the first Arch Auto Parts location to have both general repair and transmission products under one roof.
  • "As Arch Auto Parts continues to grow throughout New York, we're continuing to look for more opportunities to grow our products, services and locations."

Veeco Reports Fourth Quarter and Fiscal Year 2023 Financial Results

Retrieved on: 
Wednesday, February 14, 2024
VECO, GAAP, Security (finance)

PLAINVIEW, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its fourth quarter and fiscal year ended December 31, 2023. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Key Points: 
  • GAAP net income of $21.6 million, or $0.37 per diluted share, compared with $128.9 million, or $2.00 per diluted share in the same period last year
    Non-GAAP net income of $29.8 million, or $0.51 per diluted share, compared with $21.9 million, or $0.38 per diluted share in the same period last year
    GAAP net loss of $30.4 million, or $0.56 loss per diluted share, included a $97.1 million loss related to debt refinancing, compared with net income of $166.9 million, or $2.71 earnings per diluted share in the same period last year
    Non-GAAP net income of $98.3 million, or $1.69 per diluted share, compared with $89.6 million, or $1.57 per diluted share in the same period last year
    PLAINVIEW, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its fourth quarter and fiscal year ended December 31, 2023.
  • Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”).
  • A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Veeco Announces Date for Fourth Quarter and Full-Year 2023 Financial Results and Conference Call

Retrieved on: 
Thursday, January 25, 2024
VECO, Webcast

PLAINVIEW, N.Y., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full-year 2023 financial results after the market closes on Wednesday, February 14, 2024.

Key Points: 
  • PLAINVIEW, N.Y., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its fourth quarter and full-year 2023 financial results after the market closes on Wednesday, February 14, 2024.
  • The company will host a conference call to review these results starting at 5:00pm ET that day.
  • Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com .
  • A replay of the webcast will be made available on the Veeco website beginning at 8:00pm ET that same evening.

Veeco Updates Fourth Quarter 2023 Guidance and Provides Initial 2024 Outlook

Retrieved on: 
Wednesday, January 17, 2024
VECO, GAAP, EPS, Conference, Cryptocurrency

PLAINVIEW, N.Y., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today has updated its financial guidance for the fourth quarter of 2023 and provided an initial 2024 outlook.

Key Points: 
  • PLAINVIEW, N.Y., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today has updated its financial guidance for the fourth quarter of 2023 and provided an initial 2024 outlook.
  • Veeco’s management is scheduled to meet with investors and present at the 26th Annual Needham Growth Conference later today, where they will discuss Veeco’s updated 2023 guidance and provide an initial 2024 outlook.
  • We expect revenue for the fourth quarter of 2023 between $165 to $175 million, compared to our prior guidance of $155 to $175 million.
  • GAAP earnings per diluted share for the fourth quarter of 2023 is expected to be between $0.27 and $0.32, while Non-GAAP diluted EPS is expected between $0.40 to $0.45, compared to our prior guidance of $0.35 to $0.45(1).

Veeco Announces Upcoming Investor Event

Retrieved on: 
Thursday, January 4, 2024
VECO, Conference

Veeco management will also be available to meet in person with investors during the conference.

Key Points: 
  • Veeco management will also be available to meet in person with investors during the conference.
  • Interested investors should contact their Needham representative to secure a meeting time.
  • The presentation will be broadcast live and can be accessed on the investor relations section of Veeco's website at ir.veeco.com .
  • A webcast replay will be made available on the website for a minimum of two weeks following the original date.