Mattson breaks into profit on rising Q4 sales
Silicon Strategies
01/28/2004, 9:55 AM ET
FREMONT, Calif. -- Chip equipment maker Mattson Technology Inc. said Wednesday (January 28, 2004) it made a net income of $1.1 million on net sales of $43.3 million in the fourth quarter of 2003 and net sales in the first quarter of 2004 are expected to range between $47 million and $49 million.
Net sales for the fourth quarter were up 33 percent from $32.6 million in the third quarter of 2003, and down 12 percent from $49.2 million in the fourth quarter of 2002.
Net income for the fourth quarter of 2003 compared to a net loss of $3.9 million for the third quarter of 2003 and a net loss of $31.9 million for the fourth quarter of 2002.
"We finished 2003 on a strong note, with a profitable fourth quarter that exceeded our goals, demonstrating the success of the repositioning and restructuring of our company," said David Dutton, president and chief executive officer of Mattson Technology, in a statement.
Net bookings for the fourth quarter of 2003 were $48.5 million, a 24 percent increase from $39.0 million in the third quarter of 2003, and a 10 percent increase from $44.2 million in the fourth quarter of 2002.
Net sales for fiscal 2003 were $174.3 million, a decrease of 14 percent from fiscal 2002 net sales of $203.5 million. The net loss for the year was $28.4 million compared to a fiscal 2002 net loss of $94.3 million. |
