Intevac. (IVAC) Misses Q1 EPS by 1c
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Intevac Announces First Quarter 2021 Financial Results
May 3, 2021 4:05 PM EDTSANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the first quarter ended April 3, 2021.
As expected, the first quarter of 2021 was challenging, as we experienced a pause in revenue momentum within both of our businesses, commented Wendell Blonigan, president and chief executive officer of Intevac. In Photonics, the pause was chiefly related to the completion of night vision camera deliveries for the funded R&D stage of the IVAS program, and in our Thin-film Equipment (TFE) business, we are in a period of reduced capital investments... More
