SAN JOSE -- Ultratech Stepper Inc. today reported an 11.5% sequential drop in net sales to $21.5 million in the fourth quarter compared to $24.3 million in Q3. The lithography supplier posted a net loss of $2.4 million, including one-time charges, compared to a net loss of $26.0 million in the prior quarter.
Excluding charges, the company's net loss was $2.1 million, or $0.09 per share, which beat the consensus of financial analysts by two cents, according to First Call/Thomson Financial.
"Ultratech has invested heavily in its advanced product program, recognizing the need to create a product portfolio that offers a balance between capacity-driven and technology-driven demands," said Arthur W. Zafiropoulo, chairman and chief executive officer of the San Jose company. "We believe the industry turnaround forecasted for the second half of 2002 will be technology driven," he said, adding that Ultratech is positioning itself to capitalize on this opportunity.
To address technology-driven manufacturing applications, Ultratech has joined the Advanced Packaging and Interconnect Alliance (APiA) consortium, which is planning to establish 300-mm wafer pilot lines in the United States and Asia for use by both alliance members and customers. The first pilot line will be set up this year in Phoenix at Kulicke & Soffa Industries Inc.'s Flip Chip Division (see Dec. 13 story).
For the entire year in 2001, Ultratech's net sales totaled $130.7 million compared to $146.7 million in 2000. Including charges for the full year, Ultratech's net loss was $17.8 million vs. a net loss of $9.2 million in 2000.