Veeco MOCVD equipment manufacturers drying performance in the first quarter, revenue increased 67.83%

7, metal organic chemical vapor deposition system (MOCVD) equipment maker Viiko Precision Instrument Co Ltd (Veeco Instruments Inc.) announced the 2018 first quarter earnings, the company achieved revenue of $158 million 600 thousand (about 1 billion 11 million yuan), growth of 67.83% over the same period last year.

According to U.S. GAAP (GAAP) to a 1Q18 dimension calculation, an expanded net loss of 1087.5% to $15 million 800 thousand per diluted share losses of $0.34. According to the non GAAP (Non-GAAP) to a 1Q18 dimension calculation, net income of $9 million 200 thousand, representing a growth of 119.05% 1Q17 diluted earnings per share of $0.20.

From 1Q18 to a 1Q18 dimensional revenue, income is mainly from LED lighting, display and compound semiconductor market, in the company's overall revenue contribution amounted to 57%. In addition, advanced packaging and MEMS & RF market, front-end semiconductor market, scientific and industrial markets were 6%, 20%, 17% revenue contribution. From the geographical point of view, the United States, Chinese, EMEA region (Europe, Middle East and Africa) and other regions revenue accounted for 15%, 47%, 10% and 28%. It is worth noting that Chinese area revenues accounted for 4Q17 (18%) grew larger.

Veeco chairman and CEO John R. Peeler commented: "Veeco get a good start in 2018, representing a strong revenue growth in the first quarter. According to the non GAAP (Non-GAAP), gross margin, operating income, net income and earnings per share exceeded company expectations. Lithography system first quarter sales growth is mainly due to the company applied to the market for advanced packaging and shipment of LED applications in the MOCVD system."

In the second quarter of 2018, Veeco is expected to achieve revenues of 145 million to $170 million, gross margin will be maintained at 33%-35%. According to U.S. GAAP (GAAP) calculation, 2Q18 expects a net loss of 1200-2100 dollars per share loss of $0.26-0.45 million. According to the non GAAP (Non-GAAP) calculation, 2Q18 net income is expected to reach $100-1000, earnings per share of 0.01 - $0.20. (compiled: LEDinside Nicole)

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