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FSI sees strong orders from capacity constrained customers |
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Dec 21, 2005 at 03:29 PM |
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FSI
International, reported financial results for the first quarter of fiscal 2006
that saw orders increase due to key customers at full capacity at leading edge
fabs. The companies reported orders reaching $23.8 million in the quarter and
are expected to approach $30.0 million in its second financial quarter.
"With the growth in backlog and the
expected much stronger order level, we have started to ramp our unit
manufacturing capability to meet the anticipated higher demand," stated
said Don Mitchell, FSI chairman and chief executive officer. "Last year we
focused on placing one or more of our flagship products at the top
semiconductor manufacturers in the world as ranked by spending. Capacity expansion
plans announced by several of these customers are contributing to our more
optimistic outlook, and we are also experiencing increasing demand for our
legacy products."
The company
said it had made a net loss of $3.3 million in the quarter with losses
estimated at between $3.5 to $4.5 million for the second quarter due in part to
the tool capacity ramp and associated increases in inventory.
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