Annual report pursuant to Section 13 and 15(d)

Reportable Segments

v3.22.2.2
Reportable Segments
 12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Reportable Segments

18. Reportable Segments

 

Upon the acquisition of Intersurface Dynamics in 2021 (see Note 2), we evaluated our organizational structure and concluded that we have two reportable segments following the acquisition.

 

Amtech has two operating segments that are structured around the types of product offerings provided to our customers. In addition, the operating segments may be further distinguished by the Company’s respective brands. These two operating segments comprise our two reportable segments discussed below. Our two reportable segments are as follows:

 

Semiconductor – We design, manufacture, sell and service thermal processing equipment and related controls for use by leading semiconductor manufacturers, and in electronics, automotive and other industries.

 

Material and Substrate – We produce consumables and machinery for lapping (fine abrading) and polishing of materials, such as sapphire substrates, optical components, silicon wafers, numerous types of crystal materials, ceramics and metal components. Our Material and Substrate segment includes our former SiC/LED segment in addition to Intersurface Dynamics, as they sell complementary products to a similar market.

 

Information concerning our reportable segments is as follows, in thousands:

 

 

 

Years Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Net revenue:

 

 

 

 

 

 

 

 

 

Semiconductor

 

$

87,982

 

 

$

72,086

 

 

$

54,516

 

Material and Substrate

 

 

18,316

 

 

 

13,119

 

 

 

10,304

 

Non-segment related

 

 

—

 

 

 

—

 

 

 

643

 

 

 

$

106,298

 

 

$

85,205

 

 

$

65,463

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

Semiconductor

 

$

20,672

 

 

$

8,585

 

 

$

4,168

 

Material and Substrate

 

 

3,728

 

 

 

278

 

 

 

684

 

Non-segment related

 

 

(7,114

)

 

 

(5,138

)

 

 

(5,337

)

 

 

$

17,286

 

 

$

3,725

 

 

$

(485

)

 

 

 

 

Years Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

Semiconductor

 

$

452

 

 

$

2,264

 

 

$

912

 

Material and Substrate

 

 

411

 

 

 

695

 

 

 

1,724

 

Non-segment related

 

 

272

 

 

 

53

 

 

 

39

 

 

 

$

1,135

 

 

$

3,012

 

 

$

2,675

 

Depreciation and amortization expense:

 

 

 

 

 

 

 

 

 

Semiconductor

 

$

1,101

 

 

$

905

 

 

$

821

 

Material and Substrate

 

 

565

 

 

 

438

 

 

 

197

 

Non-segment related

 

 

63

 

 

 

55

 

 

 

60

 

 

 

$

1,729

 

 

$

1,398

 

 

$

1,078

 

 

 

 

September 30,

 

 

 

2022

 

 

2021

 

Identifiable assets:

 

 

 

 

 

 

Semiconductor

 

$

75,622

 

 

$

70,631

 

Material and Substrate

 

 

22,032

 

 

 

19,541

 

Non-segment related*

 

 

35,880

 

 

 

26,741

 

 

 

$

133,534

 

 

$

116,913

 

 

* Non-segment related assets include cash, property and other assets.