Investors and analysts can participate in the teleconference by calling toll-free (877) 407-0989 (for international callers: +1 (201) 389-0921) and referencing meeting number 13747605. The call will also be available via live webcast on the company's investor relations website and at a specific webcast link. For those unable to attend live, an archived version of the webcast will be made available.

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Intevac's continued innovation and robust partnerships underscore its significance in the industries it serves, making the company a pivotal player in both high-tech manufacturing and defense sectors.

What are the primary business segments of Intevac Inc.? Intevac Inc. operates in two primary segments: Equipment and Photonics.

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What is Intevac's role in the solar industry? Intevac has previously designed, developed, and marketed manufacturing equipment for the photovoltaic solar cell industry.

What industries does Intevac serve? Intevac serves the hard disk drive, display cover panel, solar, and defense industries.

CEO Nigel Hunton emphasized that Miyanaga's expertise aligns with Intevac's focus on accessing new markets with significant growth potential, particularly in the Asia-based electronics supply chain. Miyanaga expressed excitement about joining Intevac during the launch of its TRIO™ platform, highlighting the importance of success in Asian markets for the company's future growth.

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Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, has announced the appointment of Kevin Barber as the new Board Chairman, effective immediately. Barber succeeds David S. Dury, who has served as Board Chairman since 2017 and will remain on the Board until the 2025 annual meeting of stockholders.

What is Intevac's market share in the hard drive industry? Intevac holds approximately 60% of the market share in the hard disk drive industry.

Interested parties can participate in the teleconference by calling toll-free (877) 407-0989 for domestic callers or +1 (201) 389-0921 for international callers, referencing meeting number 13748961. The call will also be available via live webcast at https://www.webcast-eqs.com/login/intevac111124 or on Intevac's investor relations website. An archived version of the webcast will be accessible at the same link for those unable to attend the live event.

What is the current stock price of Intevac (IVAC)? The current stock price of Intevac (IVAC) is $3.265 as of November 1, 2024.

1. A time-based restricted stock unit (RSU) award covering 48,000 shares of Intevac's common stock, vesting in approximately equal annual installments over three years starting August 15, 2024.

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, has announced it will release its fiscal second quarter 2024 financial results on Monday, August 5th, 2024, at approximately 1 p.m. PT (4 p.m. ET). Following the release, Intevac management will host a teleconference at 1:30 p.m. PT (4:30 p.m. ET) to discuss the company's financial performance.

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, has announced it will release its fiscal third quarter 2024 financial results on Monday, November 11th, 2024, at approximately 1 p.m. PT (4 p.m. ET). Following the release, Intevac management will host a teleconference at 1:30 p.m. PT (4:30 p.m. ET) to discuss the Company's financial results.

2. A performance-based restricted stock unit (PRSU) award covering 72,000 shares at target performance (144,000 shares at maximum performance), eligible to be earned based on achievement of strategic goals by December 26, 2026.

The company's cash position strengthened, with total cash, restricted cash, and investments exceeding $70 million at quarter-end. Intevac is progressing with the qualification of its new TRIO™ platform, which has been installed at a customer facility in Asia. The order backlog stood at $42.5 million as of June 29, 2024.

Intevac's CEO, Nigel Hunton, expressed gratitude for Dury's contributions and confidence in Barber's ability to support the company's growth strategy and deliver shareholder value.

Intevac (Nasdaq: IVAC) has announced the grant of inducement awards to Cameron McAulay, the company's new Chief Financial Officer, Secretary, and Treasurer. The grants, made under the Intevac, Inc. 2022 Inducement Equity Incentive Plan, include:

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What does Intevac Inc. specialize in? Intevac Inc. specializes in high-productivity thin-film processing systems and high-sensitivity digital sensors, particularly for the defense industry.

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Welcome to our dedicated page for Intevac news (Ticker: IVAC), a resource for investors and traders seeking the latest updates and insights on Intevac stock.

Dury has overseen significant upgrades at the Board level, led the hire of CEO Nigel Hunton in 2022, and oversaw the sale of Photonics in 2021. Barber, who joined the Board in 2018, brings relevant expertise from his experience growing businesses such as Synaptics and building semiconductor manufacturing capability.

Intevac, Inc. (Nasdaq: IVAC), a leading supplier of thin-film processing systems, has appointed Eiji Miyanaga as a new independent director to its Board. Miyanaga brings extensive experience from his roles at Ferrotec Holdings , where he served on the board and as CEO of Ferrotec USA. His appointment is aimed at enhancing Intevac's growth potential in Asia-based electronics manufacturing markets.

What are some of Intevac's latest achievements? Intevac continues to innovate in thin-film processing systems and expand into new markets such as solar. They also maintain a strong presence in the defense sector with advanced digital imaging systems.

What products does Intevac offer in the photonics sector? Intevac offers advanced high-sensitivity digital sensors, cameras, and integrated digital imaging systems in the photonics sector.

How does Intevac contribute to the defense industry? Intevac supplies integrated digital imaging systems for night vision programs, serving as a sole source provider for most U.S. military applications.

Geographically, the majority of Intevac's revenue is generated from Asia, reflecting its strong presence in this key market.

These awards were granted on August 15, 2024, as a material inducement to McAulay's employment, in accordance with Nasdaq Listing Rule 5635(c)(4).

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Equipment Business: Intevac is a leader in the design and development of high-productivity, thin-film processing systems. These systems are engineered for high-volume manufacturing of substrates with precise thin-film properties. Notably, Intevac holds a significant market share in the hard drive industry, with approximately 60% of all magnetic disk media produced worldwide utilizing their technology. Their solutions are known for enhancing performance and throughput. In addition, Intevac is expanding its reach into other markets, including solar and adjacent thin-film deposition applications.

Intevac Inc (NASDAQ: IVAC) reported financial results for Q2 2024, showing improved performance compared to Q2 2023. Revenues increased to $14.5 million from $10.3 million, driven by strengthening demand for HDD media technology upgrades. The gross margin improved to 38.2% from 24.9%, while the net loss narrowed to $3.3 million ($0.12 per share) from $4.9 million ($0.19 per share).

Photonics Business: In the photonics sector, Intevac is a recognized leader in developing advanced high-sensitivity digital sensors, cameras, and systems. Their primary clientele includes the defense industry, where Intevac serves as the sole provider of integrated digital imaging systems for most U.S. military night vision programs.

Intevac has appointed Cameron McAulay as its new Chief Financial Officer (CFO), effective immediately. McAulay succeeds Kevin Soulsby, who has been serving as interim CFO since August 2023 and will now resume his role as Corporate Controller. McAulay brings over 25 years of financial management experience, having previously served as CFO of Transphorm, a NASDAQ-listed semiconductor company recently acquired for $339M by Renesas Electronics. His background includes roles at KLA , Atmel , and National Semiconductor Intevac's CEO, Nigel Hunton, expressed confidence in McAulay's ability to drive the company's strategic growth initiatives.

Who are Intevac's primary clients in the photonics business? Intevac primarily serves the U.S. military and defense industry in its photonics business.