Nanometrics Inc. (NANO, Financial) filed Quarterly Report for the period ended 2010-04-03.
Nanometrics Inc. has a market cap of $250.88 million; its shares were traded at around $11.63 with a P/E ratio of 72.69 and P/S ratio of 3.27. NANO is in the portfolios of Chuck Royce of Royce& Associates.
The income taxes expense of $125,000 for the three-month period ended April 3, 2010 was the result of foreign tax expense of $100,000, federal AMT liability of $82,000, state tax expense of $13,000 and foreign withholding tax of $12,000, offset by $82,000 of federal AMT tax refund.
At April 3, 2010, the Companys cash and cash equivalents totaled $45.8 million compared to $43.5 million as of January 2, 2010. At April 3, 2010, the Company had working capital of $86.8 million compared to $77.5 million at January 2, 2010.
Operating activities provided cash of $4.7 million for the three-month period ended April 3, 2010 primarily as a result of our net income for the three-month period of $5.9 million, certain non-cash charges including $1.5 million of depreciation and amortization, $0.3 million of asset impairment, $0.9 million of stock-based compensation, offset by decreases in net working capital of $4.0 million and unrealized gain on foreign exchange $0.5 million. Operating activities used cash of $6.4 million for the three-month period ended March 28, 2009 as a result of our net loss for the quarter of $10.6 million offset by certain non-cash charges including $1.4 million of depreciation, $0.3 million of stock-based compensation, accounts receivable reserves of $0.4 million, unrealized loss on foreign exchange $0.8 million and increases in net working capital of $1.3 million.
Investing activities for the three-month period ended April 3, 2010 used cash of $2.4 million as a result from cash payment of $2.0 million to Zygo corporation, and cash outlays of $0.5 million in capital equipment offset by sales proceeds of $0.1 million from the sale of property, plant and equipment. Investing activities for the three-month period ended March 28, 2009 used cash of $0.3 million related to cash outlays of capital equipment acquisitions.
For the three-month period ended April 3, 2010, financing activities used cash of $0.1 million, as a result from repayment of debt obligation of $0.1 million, and tax paid on net issuance of stock awards of $0.2 million, offset by $0.2 million of proceeds from the sale of Company shares to employees through the Companys stock purchase plans. For the three-month period ended March 28, 2009, financing activities used cash of $0.1 million for repayment of debt obligation.
Read the The complete Report
Nanometrics Inc. has a market cap of $250.88 million; its shares were traded at around $11.63 with a P/E ratio of 72.69 and P/S ratio of 3.27. NANO is in the portfolios of Chuck Royce of Royce& Associates.
Highlight of Business Operations:
General and administrative. General and administrative expenses increased by $0.6 million in the three-month period ended April 2, 2010 compared to the corresponding period in 2009 primarily due to increased professional fees of $0.3 million, higher licenses and taxes of $0.2 million and higher labor costs of $0.1 million.The income taxes expense of $125,000 for the three-month period ended April 3, 2010 was the result of foreign tax expense of $100,000, federal AMT liability of $82,000, state tax expense of $13,000 and foreign withholding tax of $12,000, offset by $82,000 of federal AMT tax refund.
At April 3, 2010, the Companys cash and cash equivalents totaled $45.8 million compared to $43.5 million as of January 2, 2010. At April 3, 2010, the Company had working capital of $86.8 million compared to $77.5 million at January 2, 2010.
Operating activities provided cash of $4.7 million for the three-month period ended April 3, 2010 primarily as a result of our net income for the three-month period of $5.9 million, certain non-cash charges including $1.5 million of depreciation and amortization, $0.3 million of asset impairment, $0.9 million of stock-based compensation, offset by decreases in net working capital of $4.0 million and unrealized gain on foreign exchange $0.5 million. Operating activities used cash of $6.4 million for the three-month period ended March 28, 2009 as a result of our net loss for the quarter of $10.6 million offset by certain non-cash charges including $1.4 million of depreciation, $0.3 million of stock-based compensation, accounts receivable reserves of $0.4 million, unrealized loss on foreign exchange $0.8 million and increases in net working capital of $1.3 million.
Investing activities for the three-month period ended April 3, 2010 used cash of $2.4 million as a result from cash payment of $2.0 million to Zygo corporation, and cash outlays of $0.5 million in capital equipment offset by sales proceeds of $0.1 million from the sale of property, plant and equipment. Investing activities for the three-month period ended March 28, 2009 used cash of $0.3 million related to cash outlays of capital equipment acquisitions.
For the three-month period ended April 3, 2010, financing activities used cash of $0.1 million, as a result from repayment of debt obligation of $0.1 million, and tax paid on net issuance of stock awards of $0.2 million, offset by $0.2 million of proceeds from the sale of Company shares to employees through the Companys stock purchase plans. For the three-month period ended March 28, 2009, financing activities used cash of $0.1 million for repayment of debt obligation.
Read the The complete Report
