How profitable is Amtech Systems Inc. (ASYS)?

In FY 2025 (10-K), ASYS converted $79.4M of revenue into a 34% gross margin, 0% operating margin, and $6.9M in free cash flow (8.7% FCF margin).

Stock Ratings / Technology / ASYS / financials

VELO (26) MPTI (53) SHMD (46) ESP (64) ⌘ Pro Terminal →

Amtech Systems Inc. (ASYS) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$12.32 -3.37% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $12.22

Amtech Systems Inc. (ASYS) carries a Roarable Rating of D- (Sell) with 39/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $223.2M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is ASYS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-03, Amtech Systems Inc. (NASDAQ: ASYS) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 39/100 at a spot price of $12.32 (-3.37% 1D, market cap $223.2M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 4/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 7/20. Across 715 tracked Technology issuers, ASYS ranks #483 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does ASYS compare to VELO and MPTI in the Technology sector?

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Within the Technology sector (Industrial Machinery/Components), ASYS carries a Roarable D- (39/100 RQD), trailing P/E of N/A, gross margin of 34.0%, and ROIC of -35.0%. By comparison, VELO (Velo3D Inc.) holds a E grade (26/100 RQD, P/E N/A, ROIC -35.0%, cap $210.9M) and MPTI (M-tron Industries Inc.) posts a D+ grade (53/100 RQD, P/E 35.5x, ROIC 19.2%, cap $287.7M). Among the 5-stock peer group, ESP leads on earnings multiple (20.7x) while MPTI leads on capital efficiency (19.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for ASYS?

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Per ASYS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-09-30, CIK 0000720500), Amtech Systems Inc. generated $79.4M in revenue (-21.6% YoY), -$30.3M in net income, and $6.9M in free cash flow against $94.1M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $12.22 (-0.80%)🧬 Disciplined Float (+0.16% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 8.7% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (39/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.6% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERRED ALERT • D-

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D-

Each axis scored 0–20

12M PRICE TARGET CONE-8.5% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for ASYS)Realized 20D OHLCV Swing Band: ±11.4%

Deterministic 5-Pillar Attribution (39/100 Composite)

🔍 WHY ASYS SCORES 39/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+12/20 pts (31% of score)

SEC XBRL FY 2025 (10-K): 8.7% FCF Margin ($6.9M FCF) & 34% Gross Margin

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (26% of score)

Altman Z-Score 2.83 (WATCH ZONE (1.8–3.0)) • Piotroski F-Score 5/9

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade D$15.40-11.6% Next Q

Q2 (-2Q)

Grade D$13.62-1.2% Next Q

Q3 (-1Q)

Grade D$13.45-8.4% Next Q

Current

Grade D-$12.32-7.6% Hist 90D α

Trajectory: D (47) → D- (39)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a ASYS Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While ASYS currently carries a cautious 39/100 (D-) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($14.81) and Max Pain ($12.94) forces dealer call-delta covering toward $27.00.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.16% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ASYS• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “ASYS Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 39%NO 61%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How ASYS Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$6.9M (8.7% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $113.3M

FY24

Rev $101.2M

FY25

Rev $79.4M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$79.4M	34%	-35.9%	-$30.3M	$6.9M	-45%
FY 2024	$101.2M	35.8%	-6.6%	-$8.5M	$5.0M	-7.7%
FY 2023	$113.3M	34%	-13.2%	-$12.6M	-$7.7M	-35%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ASYS)

✓Walkthrough of ASYS's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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ASYS // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -25.24%🛡️ HOLDING TREND SUPPORT

2026-11-03O $13.68H $13.68L $12.32C $12.32VOL 310.7K

RES: $18.51SUP: $11.79SMA50: $14.81SMA200: $16.08

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ASYS Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 ASYS Butterfly Map → + Track ASYS →

Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle

8.0%/yr Implied 5Y Growth

vs. -21.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on ASYS today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for ASYS. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for ASYS today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ASYS)

Technology Rank #483 of 715 ⚔️ VELO vs ASYS Full Matrix →

1. Head-to-Head Technology Peer Comparison (ASYS vs. VELO, MPTI, SHMD, ESP)

Industry: Industrial Machinery/Components (208 Tracked Issuers)

Across 715 tracked Technology securities in the Roarable RQD universe, Amtech Systems Inc. (ASYS) ranks #483 by composite RQD confidence (39/100, grade D-) and #466 by equity capitalization ($223.2M). Within this direct 5-issuer industry benchmark cohort, ESP leads on earnings valuation at 20.7x trailing P/E, while MPTI leads on capital efficiency and profitability with 19.2% ROIC and — gross margin. ESP currently holds the highest overall quantitative score in the immediate peer group at 64/100 (C) compared with ASYS at 39/100 (D-).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
ASYS ACTIVE Amtech Systems Inc.	D-	39/100	—	34.0%	-35.0%	-3.37%	$223.2M	Benchmark Subject
VELO Velo3D Inc.	E	26/100	—	-16.1%	-35.0%	-12.65%	$210.9M	/velo-vs-asys →
MPTI M-tron Industries Inc.	D+	53/100	35.5x	—	19.2%	-4.59%	$287.7M	/mpti-vs-asys →
SHMD SCHMID Group N.V. (Class A)	D	46/100	—	—	—	-4.41%	$170.8M	/shmd-vs-asys →
ESP Espey Mfg. & Electronics Corp.	C	64/100	20.7x	28.9%	18.1%	-2.27%	$161.7M	/esp-vs-asys →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-09-30 • CIK 0000720500 ↗

In its most recent audited fiscal period (FY2025, filed 2025-09-30), Amtech Systems Inc. (ASYS) reported GAAP revenue of $79.4M (-21.6% vs. FY2024 revenue of $101.2M , and -30.0% cumulative change since FY2023) , GAAP net income of -$30.3M, operating cash flow of $7.9M, and free cash flow of $6.9M (+39.5% YoY). On the balance sheet, ASYS closed FY2025 with $94.1M in total assets against $0 in total debt (Altman Z-Score: 2.83, Piotroski F-Score: 5/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-09-30	$79.4M	-$30.3M	$7.9M	$6.9M	$94.1M	—
FY2024 (FY)	2024-09-30	$101.2M	-$8.5M	$9.8M	$5.0M	$117.8M	—
FY2023 (FY)	2023-09-30	$113.3M	-$12.6M	-$7.7M	-$7.7M	—	—

3. ASYS Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ASYS stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does ASYS compare to VELO and MPTI in the Technology sector?

What are the biggest fundamental strengths and SEC risk factors for ASYS?

Where is ASYS trading relative to its 50-day, 200-day, and 52-week technical levels?

ASYS last traded at $12.32 (-3.37% on volume of 302,790 shares), positioning the stock -16.81% below its 50-day simple moving average ($14.81) and -23.38% below its 200-day simple moving average ($16.08). Across its 52-week range of $6.75 to $25.71, ASYS sits at the 29.4% percentile with a 14-day RSI of 40.5 (NEUTRAL RANGE) and an implied next-earnings move of ±11.4% ($10.92 to $13.72).

Direct Sub-Reports: ASYS RQD Cockpit ASYS 12M Forecast ASYS Earnings & Move ASYS Dividends & DRIP ASYS Insiders & 13F ASYS Whale Options ASYS Profit Sankey ASYS News & Why

ROARABLE RATING BRIEF • RQD 39/100 (D-) ✓ SEC XBRL & RQD VERIFIED

ASYS — Amtech Systems Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit

Updated: 2025-09-30

1. Roarable Rating Brief: What This Means to a Prospective Investor

Amtech Systems Inc. (ASYS) earns a live Roarable RQD composite score of 39/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $12.32 (-3.37% 1D, market capitalization $223.2M).

Fundamental Cash Engine (12/20): Anchored by return on invested capital (ROIC) of -35.0%, gross margin of 34.0%, operating margin of -35.9%, and free cash flow yield of 2.89%.
Whale 13F & Options Flow (4/20) + Insider Conviction (7/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
Macro Regime Fit (6/20) + Forensic Balance Sheet (10/20): Incorporates a 1.00x equity beta, Altman Z-Score of 2.83, Piotroski F-Score of 5/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Amtech Systems Inc. (ASYS) is a NASDAQ-listed issuer classified in the Technology sector and the Industrial Machinery/Components industry. The profile reports a market capitalization of $0.2B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-09-30), Amtech Systems Inc. (ASYS) reported $79.4M in annual revenue (up from $101.2M in FY2024, -21.6% YoY) and -$30.3M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($113.3M revenue, -$12.6M net income) through FY2025, ASYS scaled operating cash flow to $7.9M and free cash flow to $6.9M, backed by $94.1M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

🐂 Primary Bull Case (D- • RQD 39/100): Established market leader in Technology with deep daily trading liquidity. Free cash flow yield of 2.89% and institutional whale pillar of 4/20. With Fundamental Cash Engine at 12/20 and Institutional Whale Flow at 4/20, sustained execution supports upside toward the upper end of the $6.75 – $25.71 52-week range.
🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against -35.9% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph lists supply chain as "NONE" with an empty set of butterfly links, so no upstream suppliers, downstream customers, or sector-correlation paths are identified in the source data.

Key Question #1: Can ASYS sustain or expand its -35.9% operating margin and -35.0% ROIC against Industrial Machinery/Components peers over the next 4 quarters?
Key Question #2: Following FY2025 revenue of $79.4M and free cash flow of $6.9M, how will capital allocation balance growth reinvestment against $0 in total debt?
Key Question #3: How sensitive is ASYS's equity valuation to Technology capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

ASYS Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Amtech Systems Inc. (ASYS) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to ASYS Debate Forum (3) ↓

🟢 CATALYST Seeking Alpha • 20h ago

Amtech Systems: AI Demand Creates A Compelling Growth Opportunity (NASDAQ:ASYS)

Seeking Alpha report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Yahoo Finance • 23h ago

Amtech Systems Announces Participation in LD Micro Investor Conference on October 20, 2026

Yahoo Finance report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE TradingView • 1d ago

Amtech Systems, Inc. Estimates – NASDAQ:ASYS

TradingView report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH GuruFocus • 1d ago

Amtech Systems Inc (ASYS) Shares Fall 3.8% -- What GF Score of 5

GuruFocus report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Amtech Systems, Inc. (ASYS) - What Are Analysts Thinking About This Stock?

MarketBeat report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH Kalkine • 1d ago

How have a $60 million share sale and a new chief executive changed Amtech Systems (ASYS)?

Kalkine report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Amtech Systems (NASDAQ:ASYS) Now Covered by Lake Street Capital

MarketBeat report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔴 RISK WATCH MarketBeat • 1d ago

Amtech Systems (NASDAQ:ASYS) Cut to Hold at Wall Street Zen

MarketBeat report covering Amtech Systems Inc. (ASYS) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

ASYS Bull vs. Bear Conversation Board — What's Your Call at $12.32?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON ASYS 🐻 33% BEARISH CONVICTION

QU QuantViper RQD DEBATE OPENER • Systematic Momentum Desk 🐂 BULLISH 🎯 Target: $16.07 (+26.0%)

📌 Pinned Debate

A Seeking Alpha report flags AI demand as a compelling growth opportunity, with the balance sheet still showing a Piotroski F-Score of

Long ASYS at $12.75 targeting $16.07. A Seeking Alpha report flags AI demand as a compelling growth opportunity, with the balance sheet still showing a Piotroski F-Score of 5/9 and cash rising to $22.1M.. Institutional whale score is 4/20 and the risk/reward vs. the $6.75 52-week low is skewed heavily in favor of bulls.

EarningsSniper 🐂 BULL

@CreditSpread_Watch Shorting a 4/20 institutional whale-flow stock at $12.75 is dangerous when funds are rotating into Technology.

CR CreditSpread_Watch RQD DEBATE OPENER • Balance Sheet Analyst 🐻 BEARISH 🎯 Target: $9.69 (-24.0%)

Spot @ $12.75

ROIC of -35%, an operating margin of -35.9%, and a 2025 operating loss of -$28.5M leave the cash engine weak and the RQD grade at D-.

Sitting on the sidelines or leaning short ASYS above $12.75. ROIC of -35%, an operating margin of -35.9%, and a 2025 operating loss of -$28.5M leave the cash engine weak and the RQD grade at D-.. Until Fundamental Cash Engine (12/20) and FCF yield (2.89%) inflect higher, upside is capped near $25.71.