Amtech Systems reports 1Q loss; revenue down 54%

Amtech Systems Inc. reported a first-quarter loss on a 50 percent drop in revenue as its products fell victim to the solar industry’s oversupply and downturn. Tempe-based Amtech (Nasdaq: ASYS), which makes equipment for the semiconductor and solar industries, reported a loss of $876,000, or 9 cents per share, for its first fiscal quarter ended Dec. 31, compared with a profit of nearly $5 million for the year-earlier period. The company’s revenue plunged from $53.7 million in first-quarter 2011

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