Ultratech Inc. (UTEK, Financial) filed Quarterly Report for the period ended 2012-06-30.
Ultratech, Inc. has a market cap of $843.2 million; its shares were traded at around $31.63 with a P/E ratio of 20 and P/S ratio of 4.
Research, development and engineering expenses for the three month period ended June 30, 2012 were $7.8 million, as compared to $5.8 million for the corresponding period in 2011. This increase was attributable to (i) $1.0 million in research and development activities, (ii) $0.4 million related to third-party consulting activities, (iii) $0.3 million in compensation costs, (iv) $0.1 million related to bonus expense, (v) $0.1 million related to travel expenses, and (vi) $0.1 million depreciation as compared to the corresponding period in 2011. As a percentage of net sales, research, development and engineering expenses for the three month period ended June 30, 2012 increased to 13.1% from 10.7% for the corresponding period of 2011. This
Selling, general, and administrative expenses for the three month period ended June 30, 2012 were $11.1 million as compared to $11.0 million for the corresponding period of 2011. This increase was attributable to (i) $0.7 million of stock-based compensation expense, (ii) $0.2 million in bonus expense, (iii) $0.1 million property tax expense, partially offset by (a) a $0.5 million reduction in outside professional fees expense, (b) a $0.1 million decrease in legal expense, and (c) a $0.3 decrease in other miscellaneous expenses. As a percentage of net sales, selling, general and administrative expenses for the three month period ended June 30, 2012 decreased to 18.8% as compared to 20.4% for the corresponding period of 2011 resulting primarily from an increase in total net sales.
Research, development and engineering expenses for the six month period ended June 30, 2012 were $14.5 million as compared to $11.5 million for the corresponding period in 2011. This $3.0 million increase was due to the following: (i) $1.6 million in research and development related activities, (ii) $0.5 million in compensation expense, (iii) $0.4 million in engineering consulting expense, (iv) $0.1 million materials expenses and, (v) $0.1 million of travel-related expenses, and (vi) $0.3 million of other miscellaneous expenses. As a percentage of net sales, research, development and engineering expenses for the six month period ended June 30, 2012 increased to 13.4% from 11.3% for the corresponding period of 2011.
Selling, general and administrative expenses were $21.5 million for the six month period ended June 30, 2012 as compared with $20.8 million for the corresponding period in 2011. This increase was due to the following: (i) $1.3 million of stock-based compensation expenses, (ii) $0.4 million of legal expenses, (iii) $0.2 million of bonus plan expense, (iv) $0.1 million property tax, partially offset by the following decreases of (a) $0.6 million of outside services expense, (b) $0.2 million of bad debt expense, and (c) $0.6 million of miscellaneous expenses. As a percentage of total net sales, selling, general and administrative expenses for the six month period ended June 30, 2012 decreased to 19.8% from 20.5% for the corresponding period of 2011. This decrease was primarily due to the increase in net sales as compared to the corresponding period of 2011.
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Ultratech, Inc. has a market cap of $843.2 million; its shares were traded at around $31.63 with a P/E ratio of 20 and P/S ratio of 4.
Highlight of Business Operations:
For the three month period ended June 30, 2012, international net sales increased $15.9 million to $46.2 million or 78.1% of total net sales, as compared to $30.3 million, or 56.2% of total net sales for the corresponding period of 2011. The increase in international sales as a percentage of total sales was due to an increase in unit sales to European and Asian customers and fewer unit sales to North American customers. For the three month period ended June 30, 2012 as compared to the corresponding 2011 period, (i) sales to Europe increased by $12.8 million, (ii) sales to Japan decreased by $3.0 million, (iii) sales to Taiwan decreased by $5.7 million, (iv) sales to Korea increased by $1.4 million, and (v) sales to the rest of Asia increased by $10.3 million. Sales to Germany represented 18% of total net sales for the three month period ending June 30, 2012.Research, development and engineering expenses for the three month period ended June 30, 2012 were $7.8 million, as compared to $5.8 million for the corresponding period in 2011. This increase was attributable to (i) $1.0 million in research and development activities, (ii) $0.4 million related to third-party consulting activities, (iii) $0.3 million in compensation costs, (iv) $0.1 million related to bonus expense, (v) $0.1 million related to travel expenses, and (vi) $0.1 million depreciation as compared to the corresponding period in 2011. As a percentage of net sales, research, development and engineering expenses for the three month period ended June 30, 2012 increased to 13.1% from 10.7% for the corresponding period of 2011. This
Selling, general, and administrative expenses for the three month period ended June 30, 2012 were $11.1 million as compared to $11.0 million for the corresponding period of 2011. This increase was attributable to (i) $0.7 million of stock-based compensation expense, (ii) $0.2 million in bonus expense, (iii) $0.1 million property tax expense, partially offset by (a) a $0.5 million reduction in outside professional fees expense, (b) a $0.1 million decrease in legal expense, and (c) a $0.3 decrease in other miscellaneous expenses. As a percentage of net sales, selling, general and administrative expenses for the three month period ended June 30, 2012 decreased to 18.8% as compared to 20.4% for the corresponding period of 2011 resulting primarily from an increase in total net sales.
Research, development and engineering expenses for the six month period ended June 30, 2012 were $14.5 million as compared to $11.5 million for the corresponding period in 2011. This $3.0 million increase was due to the following: (i) $1.6 million in research and development related activities, (ii) $0.5 million in compensation expense, (iii) $0.4 million in engineering consulting expense, (iv) $0.1 million materials expenses and, (v) $0.1 million of travel-related expenses, and (vi) $0.3 million of other miscellaneous expenses. As a percentage of net sales, research, development and engineering expenses for the six month period ended June 30, 2012 increased to 13.4% from 11.3% for the corresponding period of 2011.
Selling, general and administrative expenses were $21.5 million for the six month period ended June 30, 2012 as compared with $20.8 million for the corresponding period in 2011. This increase was due to the following: (i) $1.3 million of stock-based compensation expenses, (ii) $0.4 million of legal expenses, (iii) $0.2 million of bonus plan expense, (iv) $0.1 million property tax, partially offset by the following decreases of (a) $0.6 million of outside services expense, (b) $0.2 million of bad debt expense, and (c) $0.6 million of miscellaneous expenses. As a percentage of total net sales, selling, general and administrative expenses for the six month period ended June 30, 2012 decreased to 19.8% from 20.5% for the corresponding period of 2011. This decrease was primarily due to the increase in net sales as compared to the corresponding period of 2011.
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