Veeco: Fiscal 1Q23 Financial Results
$21.5 million for storage
By Jean Jacques Maleval | June 7, 2023 at 2:02 pmTotal revenue for 1FQ23 is $153.5 million, compared with $156.4 million in the same period last year.
Net income is $16.9 million, or $0.30 per diluted share, compared with $21.7 million, or $0.38 per diluted share in 1FQ22.
14% of global revenue or $21.5 million is attributed to storage compared to $21.6 million one-year ago and $16.7 million million last quarter. Here storage means manufacturing products for ion-beam etch and deposition processes for thin-film magnetic heads for high-density HDDs.
Historical revenue for storage (in $ million)
| Period | Revenue |
| FY19 | 84.1 |
| FY20 | 123.3 |
| 1FQ21 | 41.0 |
| 2FQ21 | 52.0 |
| 3FQ21 | 39.3 |
| 4FQ21 | 36.5 |
| FY21 | 168.8 |
| 1FQ22 | 21.6 |
| 2FQ22 | 21.5 |
| 3FQ22 | 27.7 |
| 4FQ22 | 16.7 |
| FY22 |
87.5 |
| 1FQ23 | 21.5 |
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