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Press Releases
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Milpitas, California. November 2, 2004.
Nanometrics Announces Increased Sales and Profits for the Third Quarter of 2004 Nanometrics Incorporated (NASDAQ: NANO) today reported improved financial results for the third quarter which ended on October 2, 2004. Total net revenues for the third quarter of 2004 were $20.2 million, an increase of 25% compared to the second quarter of 2004 and an increase of 100% from the third quarter of 2003. The increase in revenues during the third quarter of 2004 resulted from increased sales of the Company’s advanced 300mm wafer measurement equipment. Significant sales increases were experienced in both the U.S. and Asia. Net income in the third quarter of 2004 was $2.6 million or $0.20 per diluted share compared to a net loss of $3.0 million or a $0.25 loss per diluted share for the same period last year. For the nine months ended October 2, 2004, Nanometrics’ total net revenues were $50.1 million, an increase of 72% from the same period in 2003. Net income for the first nine months of 2004 was $2.7 million, or $0.20 per diluted share compared to a net loss of $16.7 million or a $1.39 loss per diluted share for the same period in 2003. The net loss for the first nine 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 $30.6 million and working capital of $64.5 million. Q3 2004 condensed consolidated balance sheet and income statement [pdf] About Nanometrics Contact: |
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