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Ultratech Sales Decline in FY2015

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SAN JOSE, Calif., Feb. 11, 2015 — Sales at Ultratech Inc., a supplier of lithography, laser processing and inspection systems, declined in the 2015 fiscal year. The company cited a challenging year for the semiconductor industry.

Net sales for fiscal 2015 amounted to $149.2 million, compared to $150.5 million in 2014. Its net loss for the year was $15.1 million, or $0.55 per share, as compared to a net loss of $19.1 million, or $0.67 per share, in 2014.

As of December 2015, Ultratech had $251.9 million in cash, cash equivalents and short-term investments. Working capital totaled $315.4 million and stockholders' equity was $12.89 per share based on 26,522,276 total shares outstanding.

Ultratech’s lithography, laser processing and inspection systems are used to manufacture semiconductor devices and high-brightness LEDs.
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Published: February 2016
Glossary
lithography
Lithography is a key process used in microfabrication and semiconductor manufacturing to create intricate patterns on the surface of substrates, typically silicon wafers. It involves the transfer of a desired pattern onto a photosensitive material called a resist, which is coated onto the substrate. The resist is then selectively exposed to light or other radiation using a mask or reticle that contains the pattern of interest. The lithography process can be broadly categorized into several...
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