اليوم بعد الاغلاق نتائج الربع الاول . المرفق التوقعات في تاريخ 28 مايو .
Guidance
"For the first fiscal quarter of 2004, revenues are expected to be flat to down 5 percent from the fourth fiscal quarter of 2003," said Mr. Lipkin. "Keep in mind that the fourth quarter benefited from revenue recognition of $1 million moved from a prior year quarter when it originally shipped, in a restatement. Due to workforce and other cost reductions implemented during February 2003 and early April 2003, we expect the first fiscal quarter net loss to be in the range of $(0.27) to $(0.32) per diluted share. More importantly, we expect to reduce our cash burn dramatically to approximately $2.0 million in the first fiscal quarter of 2004, including the payment of $1.6 million in severance and other related expenses.
"As we are already two months into the first fiscal quarter of 2004, and based on a significant improvement in orders received and expected to be received in this quarter, we can anticipate at least a 10 percent improvement in shipments in the second quarter. Note that even though shipments are expected to be up, revenues may be flat to down 5 percent, because of deferring revenue on several tools that include new technology. Aided by the improved shipments and full benefit of cost reduction efforts, we also expect further potential improvements in cash flow. In light of market conditions, visibility beyond a quarter remains difficult to predict, but we are optimistic that we can continue to improve operating results," concluded Mr. Lipkin