KALISPELL, Mont. -- Semitool Inc. today reported sales of $41.1 million in its fourth fiscal quarter ended Sept. 30, compared to $54.6 million in the third quarter of this fiscal year and $64.5 million in the like period a year ago.
The company reported a loss of $637,000, or minus $0.02 per share, for the quarter, compared to net of $3.5 million, or $0.12 per diluted share, in the previous quarter and $7.3 million, or $0.25 per diluted share, in the same period last year.
Ray Thompson, president and CEO of Semitool, painted a mixed picture for the company. "We anticipate that, based on the historical accounting method, fiscal 2002 first quarter shipments will be in the range of $20 to $23 million," he said.
"This level is comparable to shipments in the second quarter of fiscal 1999, which marked the revenue bottom for Semitool in the last downturn. Using the SAB 101 method, we anticipate fiscal 2002 first quarter revenues will be in a range equal to or slightly higher than the range of expected shipments," he said.