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NEWS
Intevac Provides Cash and Revenue Guidance, Announces Dividend, Further Restructuring to Strengthen Profitability, and Investigation of Strategic Options
Thursday, 12th December at 8:30 am
2024 Year-end Cash Expected to be $70-$72 million
2025 Revenue Expected to be $52-$55 million
Quarterly Dividend of $0.05 per share to Begin in Q1 2025
HDD Business Projected to Generate ~$200 million of Revenue Over Next Three Years
Intevac, Inc. (NASDAQ: IVAC) ("Intevac" or the "Company") today announced its anticipated year end cash position, 2025 revenue guidance, commencement of quarterly dividends, further restructuring to strengthen profitability, and a renewed focus on its pursuit of strategic options.
At year end Intevac's cash position, composed of restricted cash, and investments, is expected to be in the range of $70-$72 million. 2025 revenue is expected to be in the range of $52-$55 million. The Company is committed to maintaining disciplined spending and balance sheet strength for long-term competitiveness and sustainability.
Intevac also announced today that its Board of Directors intends to commence quarterly dividends of $0.05 per share to be paid beginning in the First Quarter of 2025. These quarterly dividends are subject to approval by the Board of Directors at the customary times that those dividends are declared.
Thursday, 12th December at 8:30 am
2024 Year-end Cash Expected to be $70-$72 million
2025 Revenue Expected to be $52-$55 million
Quarterly Dividend of $0.05 per share to Begin in Q1 2025
HDD Business Projected to Generate ~$200 million of Revenue Over Next Three Years
Intevac, Inc. (NASDAQ: IVAC) ("Intevac" or the "Company") today announced its anticipated year end cash position, 2025 revenue guidance, commencement of quarterly dividends, further restructuring to strengthen profitability, and a renewed focus on its pursuit of strategic options.
At year end Intevac's cash position, composed of restricted cash, and investments, is expected to be in the range of $70-$72 million. 2025 revenue is expected to be in the range of $52-$55 million. The Company is committed to maintaining disciplined spending and balance sheet strength for long-term competitiveness and sustainability.
Intevac also announced today that its Board of Directors intends to commence quarterly dividends of $0.05 per share to be paid beginning in the First Quarter of 2025. These quarterly dividends are subject to approval by the Board of Directors at the customary times that those dividends are declared.
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