Aviza Technology, a supplier of advanced semiconductor capital equipment and process technologies for the global semiconductor industry, has reported net income of $383,000, or $0.02 per share, for the fiscal 2007, compared to net loss of $14.7 million, or $1.31 per share, in the fiscal 2006.
Net sales for the year were $231.4 million, an increase of 43.9% over the 2006 net sales. Income from operations for the year was $5.5 million compared to loss from operations of $8.7 million in 2006.
Net sales for the fourth quarter ended September 28, 2007, stood at $50.2 million against $52 million in the fourth quarter of 2006. Gross profit was $15.6 million compared to $17.2 million in the fourth quarter of 2006. Income from operations for the quarter stood at $1.8 million compared to $752,000 in the corresponding period of 2006. Net income stood at $2.6 million compared to $779 million in the same period of 2006.
Jerry Cutini, president and CEO of Aviza, said While our results for the fourth quarter were impacted by a challenging business environment resulting from the continued decline of DRAM prices, we were able to conclude fiscal year 2007 with a number of achievements. By maintaining our focus on our strategic initiatives and diversification plan, we improved our financial metrics on a year-over-year basis.