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Press Releases
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Milpitas, California. July 29, 2004.
Nanometrics Announces a Profitable Second Quarter of 2004 Nanometrics Incorporated (NASDAQ: NANO) today reported its financial results for the second quarter of 2004. Total net revenues for the second quarter of 2004 were $16.2 million, an increase of 19% compared to $13.7 million in the first quarter of 2004, and an increase of 67% compared to the second quarter of 2003. The increase in revenues during the second quarter of 2004 compared to the same period in 2003 resulted from increased demand for the Company’s semiconductor process control metrology equipment particularly in the U.S. and in Pacific Rim countries. The net income in the second quarter of 2004 was $1.3 million or $0.10 per diluted share compared to a net loss of $4.1 million or a $0.34 loss per diluted share for the same period last year. For the six months ended June 30, 2004, total net revenues were $29.9 million, an increase of 57% from the same period in 2003. Net income for the first six months of 2004 was $90,000 or $0.01 per diluted share compared to a net loss of $13.7 million or a $1.14 loss per diluted share for the same period last year. The net loss for the first six months of 2003 includes a $6.0 million charge to record a valuation allowance against deferred income tax assets. The Company’s financial position continues to be strong with cash and short-term investments totaling $26.9 million and working capital of $61.3 million. Q2 2004 consolidated balance sheet and income statement [pdf] About Nanometrics: Contact: |
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