NASDAQ$VECO

Veeco Instruments Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Veeco reported increased revenue but a net loss for Q4 2019.

Veeco Instruments Inc. announced financial results for the fourth quarter and fiscal year ended December 31, 2019. The company's revenue increased compared to the same period last year, but it reported a GAAP net loss. However, non-GAAP net income was positive.

  • Revenues of $113.2 million, compared with $99.0 million in the same period last year
  • GAAP net loss of $32.9 million, or $0.69 loss per diluted share
  • Non-GAAP net income of $5.4 million, or $0.11 per diluted share
  • Company is positioning for long-term growth in the front-end semiconductor, advanced packaging and compound semiconductor markets

Headline financials

Total Revenue

$113M

Previous: $99M+14.4%
EPS (adj)

$0.11

Previous: -$0.16+168.8%
Capital Expenditures

$2.68M

Previous: $6.87M-60.9%
Free Cash Flow

$12.9M

Previous: -$5.23M+346.9%
Net Income

-$32.9M

Previous: -$145M+77.3%
Operating Income

-$6.86M

Previous: -$139M+95.1%
Gross Profit

$45M

Previous: $35.3M+27.5%
Cash & Equivalents

$129M

Previous: $212M-39.1%
Total Assets

$818M

Previous: $901M-9.2%
Stock-Based Comp

$3.74M

Previous: $3.35M+11.6%

Revenue & EPS history

Veeco · Revenue · Quarterly

$113M

Q4 2019+14.4%vs Q4 2018
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The following guidance is provided for Veeco’s first quarter 2020: Revenue is expected to be in the range of $95 million to $120 million, GAAP loss per share is expected to be in the range of ($0.24) to ($0.01), Non-GAAP earnings per share is expected to be in the range of $0.00 to $0.22

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+0.9%

Avg return

Earnings day

+3.6%

Avg return

5 days after

+2.3%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+26.4%

Q1 2020

Best reaction

-26.6%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%+16.7%+25.0%
Q4 2025+7.7%+14.1%+23.9%
Q3 2025-1.0%+3.8%+8.8%
Q1 2025+5.5%+12.2%+8.9%
Q4 2024+2.6%+5.6%-9.2%
Q3 2024-0.2%-3.5%-4.6%
Q2 2024-5.9%+4.2%-10.3%
Q1 2024+4.8%+1.4%+15.7%
Q4 2023+3.8%+3.8%-1.3%
Q3 2023+6.6%+9.7%+9.7%
Q2 2023+6.7%+6.2%+2.3%
Q1 2023+9.2%+11.9%+36.9%
Q4 2022+6.1%+6.1%+2.0%
Q3 2022+1.8%+9.6%+4.8%
Q2 2022-5.3%+4.8%-10.4%
Q1 2022-16.0%-6.7%-7.7%
Q4 2021-5.1%-6.0%+1.5%
Q3 2021+10.2%+9.6%+5.1%
Q2 2021-2.7%+0.3%+0.3%
Q1 2021-2.9%-0.4%+4.4%
Q4 2020+8.2%+7.2%+9.4%
Q3 2020-0.2%-0.7%+29.0%
Q2 2020+4.0%+1.2%-6.6%
Q1 2020+26.4%+15.7%+30.8%
Q4 2019+14.2%+2.1%-35.7%
Q3 2019+17.4%+8.5%-5.7%
Q2 2019+4.2%-6.1%-22.0%
Q1 2019+12.0%+8.9%-9.5%
Q4 2018+3.6%+7.0%-0.1%
Q3 2018-7.5%-4.6%-7.9%
Q2 2018-21.4%-20.7%-18.6%
Q1 2018-2.1%-5.3%+1.2%
Q4 2017+13.9%+25.2%+24.2%
Q3 2017-6.6%-7.7%-9.7%
Q2 2017-26.6%-27.7%-34.8%
Q1 2017-1.6%-3.0%-7.9%
Q4 2016+3.0%+5.6%+10.7%
Q3 2016+4.4%+11.5%+19.8%
Q2 2016+10.8%+18.3%+17.3%
Q1 2016-5.5%
Q4 2015-11.9%
Q3 2015-11.1%
Q2 2015-7.3%
Q1 2015+5.4%
Q4 2014+2.9%
Q3 2014+8.5%
Q2 2014-2.2%
Q1 2014-5.9%
Q4 2013-2.2%
Q3 2013-1.4%
Q2 2013+8.7%
Q1 2013+15.4%
Q4 2012-4.8%
Q3 2012+4.8%
Q2 2012+12.2%
Q1 2012+2.6%
Q4 2009+1.7%
Q4 2011+1.7%
Q3 2011-10.2%
Q3 2010-10.2%
Q2 2010-9.1%
Q2 2011-9.1%
Q1 2010+2.4%
Q4 2010+2.4%
Q1 2011+2.4%

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