Intevac Announces First Quarter 2020 Financial Results
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Intevac. (IVAC) Tops Q1 EPS by 7c
April 27, 2020 4:26 PM EDTIntevac. (NASDAQ: IVAC) reported Q1 EPS of ($0.05), $0.07 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $18.8 million versus the consensus estimate of $18.35 million.
Today we are pleased to report stronger-than-expected results for the first quarter of 2020, especially in light of the stress placed on our operations and supply chain as a result of the COVID-19 global pandemic, commented Wendell Blonigan, president and chief executive officer of Intevac. During the quarter, we made several exciting announcements, including the debut of our branded Diamond Dog screen protectors, over $11 million of new contract... More
