Aviza Technology, Inc. (Aviza) has reported net sales of $25.2 million for the first quarter of fiscal 2009, compared with the net sales of $34 million in the year-ago quarter. It has also reported a net income of $1.3 million, or $0.06 per share, for the first quarter of fiscal 2009, compared with net loss of $8.5 million, or $0.40 loss per share, in the year-ago quarter.
Fiscal Year 2009 First Quarter Financial Highlights:
The first quarter net sales of $25.2 million were within the range of the company’s guidance of $25 million to $32 million for the first quarter of 2009.
The first quarter shipments were $24.1 million.
The first quarter gross margin improved to 41% from the fourth quarter fiscal 2008.
The adjusted net income was $4.9 million, or $0.22 per share.
The results of our December quarter reflect our ongoing efforts to improve our financial performance in the face of an extremely challenging macroeconomic environment with no visibility into the buying cycle of our customer base. We have made good progress in reducing our breakeven by accelerating cost reductions and benefiting from favorable currency exchange rates. The impact of the stronger dollar against other foreign currencies helped us in the December quarter. As we continue to size the company appropriately, we anticipate further restructuring charges in the March quarter, said Jerry Cutini, president and chief executive officer of Aviza.
Forecast Of Fiscal 2009 Second Quarter Ending March 27, 2009:
The company’s guidance for the second quarter fiscal 2009 is predicated on continued weakness in customers’ demand. The company anticipates that second quarter net sales will be in the range of $13 million to $18 million, with an adjusted net loss of $1 million to $5 million.