# AMTECH SYSTEMS, INC. (ASYS) · Edgar & Edgarette company card

> Amtech Systems (ASYS) saw revenue fall 21.6% in FY2025 to $79 million, operating margin -35.9% against a 14.2% median for special industry machinery, equity 57.5% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 720500 · fiscal year ended 2025-09-30 · 5 audited years read · [page](https://www.pops4.com/boards/company/ASYS) · [JSON](https://www.pops4.com/boards/company/ASYS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $79M |
| Revenue growth, 1 year | -21.6% |
| Revenue growth per year | -1.8% |
| Operating margin | -35.9% (prior year -6.6%) |
| Net margin | -38.2% |
| Operating cash flow | $8M |
| Capital spending | $950,000 |
| Free cash flow | $7M |
| Cash | $18M |
| Long-term debt | $294,000 |
| Total assets | $93M |
| Total equity | $53M |
| Equity ÷ assets | 57.5% |
| Return on equity | -56.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -0.5 (distress zone)
- Piotroski F: 3 of 9 (middling)
- Beneish M: -4.68 (below the −1.78 line)
- Health Harbor boat: Weathered boat · two warning signs · operating loss: a margin of -35.9% in FY2025; revenue is hard to predict: its 80% range is ±43%
- Cash Compass: In between · no clear cash pattern yet

## Edgarette's reading

Exposure: revenue $79.4M (FY2025), total debt $294K. Experience: revenue down 21.6% on the year, down 1.8% a year over 4 years; operating margin -35.9%, down from -6.6%. Soundness: equity 57.5% of assets, return on equity -56.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $41.1M and $101.9M next year (method v4.1: its own 6-year record of growth weighed at 63% against $50M–100M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $42.5M to $98.7M. A statistical range, not company guidance. Against peers (11 filers, $50M+ revenue, its industry group): operating margin -35.9% against a 14.2% median; growth -21.6% against 2.3%.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 6, latest 2026-11-12 ([filing](https://www.sec.gov/Archives/edgar/data/720500/000119312526457305/0001193125-26-457305-index.htm))

## Recent filings

- 8-K · filed 2026-11-12 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/720500/000119312526457305/0001193125-26-457305-index.htm)
- 8-K · filed 2026-08-05 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/720500/000072050026000011/0000720500-26-000011-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/720500/000072050026000010/0000720500-26-000010-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/720500/000072050026000009/0000720500-26-000009-index.htm)
- 8-K · filed 2026-06-03 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/720500/000072050026000008/0000720500-26-000008-index.htm)
- 8-K · filed 2026-05-07 · 5.02 Departure or Election of Directors; Appointment of Officers; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/720500/000119312526211962/0001193125-26-211962-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000720500.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=720500

## Cite

POPS4, Edgar & Edgarette: AMTECH SYSTEMS, INC. (ASYS) company card, from the company's own SEC filings, accessed 2026-11-13, https://www.pops4.com/boards/company/ASYS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.