维易科精密仪器 2025年季度报告

Commission file number0-16244 (Address of Principal Executive Offices) filer☒Non-accelerated filer☐Smaller reportingcompany☐ company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended Item2. Management’s Discussion and Analysis of Financial Condition and Results ofOperationsItem3. Quantitative and Qualitative Disclosures about Market RiskItem4. Controls and ProceduresPARTII—OTHER INFORMATIONItem1. Legal ProceedingsItem1A. Risk FactorsItem2. Unregistered Sales of Equity Securities and Use of ProceedsItem3. Defaults Upon Senior Securities This quarterly report on Form10-Q (the “Report”) contains forward-looking statements within the subsidiaries, “Veeco,” the “Company,” “Registrant,” “we,” “our,” or “us,” unless the context indicates When used in this Report, the words such as “expects,” “anticipates,” “plans,” “believes,”“scheduled,” “estimates,” and variations of these words and similar expressions are intended toidentify forward-looking statements. Discussions containing such forward-looking statements may befound in PartI - Items 1, 2, and 3 hereof, as well as within this Report generally. undertaken in the future, they may ultimately differ from actual results. Operating results for the threemonths endedMarch 31, 2025 are not necessarily indicative of the results that may be expected forthe year ending December31, 2025. All estimates and assumptions are subject to a number of risksand uncertainties that could cause actual results to differ materially from these estimates andassumptions. outlook for the current and future periods, and other statements that are not historical facts. Factorsthat could cause actual results to differ materially from those expressed or implied by such statementsinclude, without limitation, those set forth under the heading “Risk Factors” in Part 1, Item 1A of our2024 Form 10-K, and the following: ●Risks associated with operating a global business, including ongoing trade disputes between ●An inability to obtain required export licenses for the sale of our products; ●Significant third party competition; ●Risks associated with operating in industries characterized by rapid technological change; ●Our dependency on the demand for consumer electronic products and automobiles; ●Our concentrated customer base; ●The cyclicality of the industries we serve; ●A failure to estimate customer demand accurately; ●Our reliance on a limited number of suppliers, some of whom are our sole source forparticular components; 1 (in thousands, except share amounts)AssetsCurrent assets:Cash and cash equivalentsRestricted cashShort-term investmentsAccounts receivable, netContract assetsInventoriesPrepaid expenses and other current assetsTotal current assetsProperty, plant, and equipment, netOperating lease right-of-use assetsIntangible assets, netGoodwillDeferred income taxesOther assetsTotal assetsLiabilities and stockholders' equityCurrent liabilities:Accounts payableAccrued expenses and other current liabilitiesContract liabilitiesIncome taxes payableCurrent portion of long-term debtTotal current liabilitiesDeferred income taxesLong-term debtLong-term operating lease liabilitiesOther liabilitiesTotal liabilitiesStockholders' equity:Preferred stock, $0.01par value;500,000shares authorized;nosharesissued and outstanding.Common stock, $0.01par value;120,000,000shares authorized;58,291,513shares issued and outstanding at March31, 2025 and56,827,915shares issued and outstanding at December31, 2024Additional paid-in capitalAccumulated deficitAccumulated other comprehensive incomeTotal stockholders' equityTotal liabilities and stockholders' equitySee accompanying Notes to the Consolidated Financial Statements . Consolidated Statements of Operations(in thousands, except per share amounts)(unaudited) The accompanying unaudited Consolidated Financial Statements of Veeco have been prepared inaccordance with U.S. GAAP as defined in Financial Accounting Standards Board (“FASB”) Note 2 — Income Per Common ShareBasic income per share is calculated by dividing net income by the weighted average number of The following table presents the portion of Veeco’s assets that were measured at fair value on arecurring basis at March 31, 2025 and December 31, 2024: March31, 2025Cash equivalents Certificate of deposits and time deposits$67,362$—$—$67,362Government agency securities—1,998—1,998U.S. treasuries9,974——9,974Money market cash21,866——21,866 U.S. treasuries$52,922$—$—$52,922Government agency securities—44,036—44,036Corporate debt—79,952—79,952Commercial paper—1,485—1,485 Total$52,922$125,473$—$178,395December31, 2024 Certificate of deposits and time deposits Money market cash3——15,003Total$81,026$—$—$81,026Short-term investments Commercial paper Total$84,032$114,687$—$198,719There werenotransfers between fair value measurement levels during the three months ended March31, 2025. Notes to the Consolidated Financial Statements - con