Amtech Systems, Inc. (NASDAQ:ASYS) Q4 2023 Earnings Call Transcript

Mark Miller: Okay. There’s no — so, I guess there’s no real change in liquidity. Is this confirmed?

Lisa Gibbs: That is confirmed. We’re working on getting to cash breakeven and managing during this cycle. And you will have access to that revolver as demand returns if we need access to working capital. So, we’re going to just continue to strive for that breakeven so that we can stay in this spot until things — demand comes back.

Mark Miller: And one final question. What is the margin paid on the floating rate in the new interest payment?

Lisa Gibbs: My estimate is the interest rate will be right around 10%.

Mark Miller: Okay. Just one other question. In terms of your backlog, do — have you or do you anticipate having to remove any of the orders from your backlog?

Lisa Gibbs: We’ve not had cancellations. We’ve had a couple of customer push-outs. But at this point, we’ve not had cancellations. We’ve talked about our backlog in the past and the importance of shipping it and bringing it down. So, that’s part of what we saw this quarter with our contract manufacturer partner helping us get more units out the door.

Mark Miller: Okay. Thank you.

Lisa Gibbs: Thanks, Mark.

Operator: [Operator Instructions] There are no further questions in the queue. I’d like to hand the call back to management for closing remarks.

Bob Daigle: Yeah. This is Bob Daigle again. I’d just like to thank everyone for joining our conference call today and we’ll be happy to — once we file the K, happy to jump on calls with folks to have more discussions.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. Thank you for your participation. You may disconnect your lines at this time, and have a wonderful day.