Nanometrics Reports Second Quarter 2016 Financial Results

MILPITAS, Calif., July 26, 2016 (GLOBE NEWSWIRE) -- Nanometrics Incorporated (NASDAQ:NANO), a leading provider of advanced process control systems, today announced financial results for its fiscal second quarter ended June 25, 2016.

Q2 2016 Highlights:

  • Record Memory Sales, Driven by 3D-NAND. Following record 3D-NAND bookings in the first quarter, the company achieved record 3D-NAND revenues in the second quarter of 2016, driven by production ramps underway by multiple leading manufacturers. The company’s strength in 3D-NAND also led to an all-time quarterly record for revenues from the overall memory market.
  • Record Integrated Metrology Sales. Following 100% year-on-year growth in integrated metrology sales in 2015, second-quarter 2016 integrated metrology sales more than doubled quarter-on-quarter, to a new record high, driven by strength in both OCD and Thin Film solutions for 3D-NAND process control.
  • Strong QoQ and YoY Revenue Growth and Improvement in Profitability. Second-quarter revenues were up 17% quarter-on-quarter and 15% year-on-year, while operating profit improvements exceeded 85% and 160%, respectively, for the comparable periods.
         
  GAAP Results 
    Q2 2016   Q1 2016   Q2 2015 
 Revenues $  55,767  $  47,489  $  48,629  
 Gross Profit $  28,425  $  24,491  $  23,264  
 Income from Operations $  7,336  $  3,730  $  2,509  
 Net Income $  6,031  $  3,467  $  1,344  
 Earnings per Diluted Share $  0.24  $  0.14  $  0.06  
         
  Non-GAAP Results 
    Q2 2016   Q1 2016   Q2 2015 
 Gross Profit $  28,867  $  24,926  $  23,721  
 Income from Operations $  7,778  $  4,189  $  2,991  
 Net Income $  6,473    $   3,926     $   1,826    
  Earnings per Diluted Share   $   0.26     $   0.16     $   0.08    
                 

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