Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


Home > Press > Aviza Technology Announces Fiscal Year 2007 Fourth Quarter and Year-End Financial Results

Aviza Technology, Inc. (NASDAQ:AVZA), a supplier of advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets, today reported results for the fourth quarter and year-end of fiscal year 2007, which ended September 28, 2007.

Aviza Technology Announces Fiscal Year 2007 Fourth Quarter and Year-End Financial Results

SCOTTS VALLEY, CA | Posted on November 29th, 2007


* Fiscal year 2007 net sales of $231.4 million increased 43.9% over fiscal year 2006 net sales.

* Fiscal year 2007 gross margin improved to 30.9% from fiscal 2006 gross margin of 27.5%.
* Fiscal year 2007 income from operations of $5.5 million increased over fiscal year 2006 loss from operations of $8.7 million.
* Fiscal year 2007 net income of $383,000, or $0.02 per share, increased over fiscal year 2006 net loss of $14.7 million, or ($1.31) per share.
* Gross margin for the fourth quarter of 2007 was 31.0%, a marginal decline from third quarter 2007 gross margin of 31.7%.
* Shipments for the fourth quarter of fiscal 2007 were $45.5 million.

Jerry Cutini, Aviza's president and chief executive officer, said, "During the year we increased the effectiveness of our outsourcing strategy, and added new customers, notably in the logic and flash markets. In addition, we made substantial inroads into the 3D-IC arena, as well as emerging markets for MEMS and power devices, which have enabled us to improve the balance of our business opportunities. Our product breadth is a competitive advantage for Aviza, and we believe that we are well positioned to capitalize on the next market upturn."

Cutini continued, "While our results for the fourth quarter were impacted by a challenging business environment resulting from the continued decline of DRAM prices, we were able to conclude fiscal year 2007 with a number of achievements. By maintaining our focus on our strategic initiatives and diversification plan, we improved our financial metrics on a year-over-year basis. Not only were we profitable for fiscal 2007, but we held margins relatively steady over the course of the year."


* Aviza received an order for its CelsiorTM fxP single-wafer atomic layer deposition (ALD) system from SVTC Technologies, a U.S.-based process development foundry for established and start-up semiconductor companies. SVTC is installing this capability for its customers who have requirements for ultra-thin high-k and metal films for Flash, non-volatile memory and high-voltage applications. The SVTC order marks a significant milestone, as it demonstrates the potential for Aviza's ALD process and technology capabilities outside of the traditional DRAM market into other areas such as Flash and nanotechnology applications.
* Aviza entered into a joint development program (JDP) with Mosel Vitelic Corporation (MVC). As part of this collaboration, Aviza and MVC will jointly develop advanced ALD materials for next-generation Flash applications. The program will utilize Aviza's Celsior fxP single-wafer ALD system for the development of these films.
* Aviza shipped its Omega fxP deep silicon (DSi) etch system to STMicroelectronics (NYSE:STM). The system is being used for manufacturing leading-edge MEMS (Micro Electro-Mechanical Systems) devices at ST's new 200mm facility in Agrate, Italy, Europe's first 200mm volume production MEMS fabrication plant.


The Company's guidance for the first quarter of fiscal 2008 is predicated on continued softness in the DRAM market. Aviza expects that net sales will be in the range of $30 million to $35 million, with an operating loss in the range of approximately $8.0 - $9.0 million.


Aviza Technology has scheduled a conference call today to discuss the Company's financial results for the fiscal 2007 fourth quarter and year-end. The call will be hosted by Jerry Cutini, president and chief executive officer, and Patrick O'Connor, executive vice president and chief financial officer.

Investors will have the opportunity to listen to the conference call over the Internet. To listen to the live web cast today at 4:30 p.m. EST / 1:30 p.m. PST, log on to the Aviza website at To access the live conference call today at 4:30 p.m. EST / 1:30 p.m. PST, dial 303-262-2140 or 800-218-0204.

A digital replay will be available on Aviza's website at under "Calendar of Events" in the "Investors" section of the website two hours after the conclusion of the conference call.

A telephone replay will also be available two hours after the conclusion of the conference call from November 29 to December 3, 2007. You may access the telephone replay by dialing 303-590-3000 or 800-405-2236 and entering confirmation code 11096967#.


This press release contains forward-looking statements. These forward-looking statements are based on our management's current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. You should not rely upon these forward-looking statements as predictions of future events because we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur. These forward-looking statements include, but are not limited to, the statements made by Jerry Cutini and all statements containing the words "believes," "expects," "forecast," "may," "will," "should," "seeks," "intends," "plans," "estimates" or "anticipates" or the negative of these words and phrases or other variations of these words and phrases or comparable terminology. Many factors could cause actual results to differ materially from those projected in these forward-looking statements, including, but not limited to: variability of our revenues and financial performance; risks associated with product development and technological changes; the acceptance of our products in the marketplace by existing and potential future customers; disruption of operations or increases in expenses due to our involvement in litigation or caused by civil or political unrest or other catastrophic events; general economic conditions and conditions in the semiconductor industry in particular; the continued employment of our key personnel and risks associated with competition. Some of these factors and other important factors are detailed in various Securities and Exchange Commission filings that we have made, particularly in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, copies of which are available from us without charge. Please review these filings and do not place undue reliance on these forward-looking statements. We assume no obligation to update these forward-looking statements.


About Aviza Technology, Inc.

Aviza Technology, Inc. designs, manufactures, sells and supports advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets. The companys systems are used in a variety of segments of the semiconductor market, such as advanced silicon for memory devices, advanced 3-D packaging and power integrated circuits for communications. Avizas common stock is publicly traded on the NASDAQ Global Market (NASDAQ GM: AVZA). Aviza is headquartered in Scotts Valley, Calif., with manufacturing, R&D, sales and customer support facilities located in the United Kingdom, Germany, France, Taiwan, China, Japan, Korea, Singapore and Malaysia. Additional information about the company can be found at

(in thousands)
      September 28, September 29,
        2007   2006  
Cash and cash equivalents $ 23,087 $ 10,722
Accounts receivable, net 37,202 26,763
Inventory 45,529 54,499
Prepaid expenses and other current assets   5,317     6,638  
Total current assets 111,135 98,622
Property and equipment - net 31,781 25,266
Intangible and other assets   5,164     5,218  
TOTAL $ 148,080   $ 129,106  
Bank borrowing - short term $ 15,043 $ 28,632
Accounts payable 22,536 30,792
Warranty liability 11,222 10,816
Accrued liabilities   13,391     13,716  
Total current liabilities   62,192     83,956  
NOTE PAYABLE - Long term   14,490     6,256  
Total liabilities   76,682     90,212  
Common stock 118,402 88,657
Accumulated deficit and accumulated other comprehensive loss   (47,004 )   (49,763 )
Total stockholders' equity (deficit)   71,398     38,894  
TOTAL $ 148,080   $ 129,106  
(in thousands, except share and per share amounts)



Year Ended






        2007       2007     2006         2007       2006  
NET SALES $ 50,184 $ 57,421 $ 52,014 $ 231,435 $ 160,860
COST OF GOODS SOLD   34,619     39,246     34,774     159,922     116,548  
GROSS PROFIT   15,565     18,175     17,240     71,513     44,312  
Research and development costs 8,086 8,101 7,568 31,901 25,311

Selling, general and administrative costs

9,270 8,217 8,920 34,116 27,312
In-process research and development   -     -     -     -     373  
Total operating expenses   17,356     16,318     16,488     66,017     52,996  
INCOME (LOSS) FROM OPERATIONS   (1,791 )   1,857     752     5,496     (8,684 )
Interest income 92 146 62 375 194
Interest expense (468 ) (663 ) (1,351 ) (3,445 ) (5,517 )
Other income (expense) - net   11     (449 )   29     (415 )   (100 )

Total other income (expense)

  (365 )   (966 )   (1,260 )   (3,485 )   (5,423 )
INCOME (LOSS) BEFORE INCOME TAXES (2,156 ) 891 (508 ) 2,011 (14,107 )
INCOME TAXES   450     382     271     1,628     581  
NET INCOME (LOSS) $ (2,606 ) $ 509   $ (779 ) $ 383   $ (14,688 )
Income (Loss) per share:
Basic $ (0.12 ) $ 0.02   $ (0.05 ) $ 0.02   $ (1.31 )
Diluted $ (0.12 ) $ 0.02   $ (0.05 ) $ 0.02   $ (1.31 )

Weighted average
common shares:

Basic   20,845,315     20,763,221     16,145,091     18,824,561     11,209,200  
Diluted   20,845,315     21,607,161     16,145,091     19,606,214     11,209,200  

For more information, please click here

Aviza Technology, Inc.
Sherrie Gutierrez, +1-831-439-6382
Corporate Marketing Manager
Fax: +1-831-439-6223

Guerrant Associates
Laura Guerrant, +1-808-882-1467
Fax: +1-808-882-1267

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Chip Technology

Gigantic ultrafast spin currents: Scientists from TU Wien (Vienna) are proposing a new method for creating extremely strong spin currents. They are essential for spintronics, a technology that could replace today's electronics May 25th, 2016

Diamonds closer to becoming ideal semiconductors: Researchers find new method for doping single crystals of diamond May 25th, 2016

Dartmouth team creates new method to control quantum systems May 24th, 2016

Attosecond physics: A switch for light-wave electronics May 24th, 2016


Finding a new formula for concrete: Researchers look to bones and shells as blueprints for stronger, more durable concrete May 26th, 2016

Deep Space Industries and SFL selected to provide satellites for HawkEye 360ís Pathfinder mission: The privately-funded space-based global wireless signal monitoring system will be developed by Deep Space Industries and UTIAS Space Flight Laboratory May 26th, 2016

The next generation of carbon monoxide nanosensors May 26th, 2016

Gigantic ultrafast spin currents: Scientists from TU Wien (Vienna) are proposing a new method for creating extremely strong spin currents. They are essential for spintronics, a technology that could replace today's electronics May 25th, 2016


Light can 'heal' defects in new solar cell materials: Defects in some new electronic materials can be removed by making ions move under illumination May 24th, 2016

More light on cancer: Scientists created nanoparticles to highlight cancer cells May 21st, 2016

Nanotubes are beacons in cancer-imaging technique: Rice University researchers use spectral triangulation to pinpoint location of tumors May 21st, 2016

Carnegie Mellon develops bio-mimicry method for preparing and labeling stem cells: Method allows researchers to prepare mesenchymal stem cells and monitor them using MRI May 19th, 2016

Financial Reports

Nanometrics to Announce First Quarter Financial Results on April 26, 2016 April 5th, 2016

Nanometrics Achieves Record 3D-NAND Bookings Quarter: A Record 3D-NAND Bookings Quarter, both in Aggregate and for Each of Three Key Customers March 28th, 2016

Arrowhead to Webcast Fiscal 2015 Year End Results December 7th, 2015

Haydale Announce Year End Results November 3rd, 2015

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project

Car Brands
Buy website traffic