Delaware
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001-38273
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94-3290283
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(State
or Other Jurisdiction of
Incorporation or Organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification No.)
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Exhibit Number
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Description
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Press
Release of ACM Research, Inc. dated March 6, 2019
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ACM Research, Inc.
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Dated: March 8,
2019
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By:
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/s/
David H.
Wang
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David H. Wang |
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Chief Executive
Officer and President
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Three Months
Ended December 31,
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|||
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GAAP
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Non-GAAP(1)
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||
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2018
|
2017
|
2018
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2017
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|
(dollars
in thousands)
|
|||
Revenue
|
$
20,848
|
$
17,192
|
$
20,848
|
$
17,192
|
Gross
margin(2)
|
49.5
%
|
53.4
%
|
49.6
%
|
53.4
%
|
Income from
operations(2)
|
$
2,640
|
$
3,765
|
$
3,232
|
$
3,696
|
Net income
attributable to ACM Research, Inc.(2)
|
$
2,286
|
$
3,384
|
$
2,878
|
$
3,315
|
Basic
EPS(2)
|
$
0.14
|
$
0.28
|
$
0.18
|
$
0.28
|
Diluted
EPS(2)
|
$
0.13
|
$
0.25
|
$
0.16
|
$
0.24
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Phone Number
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Toll-Free Number
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United
States
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+1
(845) 675-0437
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+1
(866) 519-4004
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Hong
Kong
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+852
3018 6771
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+852
8009 06601
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Mainland
China
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+86
(800) 819 0121
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|
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+86
(400) 620 8038
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Other
International
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+65
6713 5090
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In the
United States:
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The
Blueshirt Group
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|
Ralph
Fong
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+1
(415) 489-2195
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ralph@blueshirtgroup.com
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In
China:
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The
Blueshirt Group Asia
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|
Gary
Dvorchak, CFA
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+86
(138) 1079-1480
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gary@blueshirtgroup.com
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Three Months Ended December 31,
|
Year Ended December 31,
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||
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2018
|
2017
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2018
|
2017
|
|
|
|
|
|
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( In thousands, except share and per share data)
|
( In thousands, except share and per share data)
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||
Revenue
|
$
20,848
|
$
17,192
|
$
74,643
|
$
36,506
|
Cost of revenue
|
10,532
|
8,019
|
40,194
|
19,281
|
Gross profit
|
10,316
|
9,173
|
34,449
|
17,225
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Operating expenses:
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|
|
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Sales and marketing
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1,845
|
1,881
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9,611
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5,500
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Research and development
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4,156
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2,062
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10,380
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5,138
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General and administrative
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1,675
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1,465
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7,987
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5,887
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Total operating expenses, net
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7,676
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5,408
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27,978
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16,525
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Income
(loss) from operations
|
2,640
|
3,765
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6,471
|
700
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Interest income
|
9
|
2
|
29
|
9
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Interest expense
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(134
)
|
(80
)
|
(498
)
|
(277
)
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Other expense, net
|
42
|
(263
)
|
1,255
|
(794
)
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Equity income in net income of affiliates
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(112
)
|
17
|
123
|
37
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Income
(loss) before income taxes
|
2,445
|
3,441
|
7,380
|
(325
)
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Income tax benefit
(expense)
|
(159
)
|
(76
)
|
(806
)
|
(547
)
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Net income
(loss)
|
2,286
|
3,365
|
6,574
|
(872
)
|
Less: Net income
(loss) attributable to non-controlling interests
|
-
|
(19
)
|
-
|
(554
)
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Net income
(loss) attributable to ACM Research, Inc.
|
$
2,286
|
$
3,384
|
$
6,574
|
$
(318
)
|
Comprehensive income
(loss)
|
|
|
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Net
income (loss)
|
2,286
|
3,365
|
6,574
|
(872
)
|
Foreign currency translation adjustment
|
98
|
(20
)
|
(979
)
|
472
|
Comprehensive income
(loss)
|
2,384
|
3,345
|
5,595
|
(400
)
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Less: Comprehensive income
(loss) attributable to non-controlling interests
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-
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(22
)
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-
|
(369
)
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Total comprehensive income
(loss) attributable to ACM Research, Inc.
|
$
2,384
|
$
3,367
|
$
5,595
|
$
(31
)
|
|
|
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Net income (loss) attributable to ACM Research, Inc.
per common share :
|
|
|
|
|
Basic
|
$
0.14
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$
0.28
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$
0.42
|
$
(0.05
)
|
Diluted
|
$
0.13
|
$
0.25
|
$
0.37
|
$
(0.05
)
|
|
|
|
|
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Weighted
average common shares outstanding used in computing per share amounts:
|
|
|
|
|
Basic
|
16,004,781
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12,013,651
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15,788,460
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6,865,390
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Diluted
|
18,115,071
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13,587,443
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17,912,105
|
6,865,390
|