Amtech Systems Inc. (NASDAQ:ASYS), a global supplier of production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and sapphire and silicon wafers, reported results for its fourth quarter and fiscal year ending September 30, 2011. Operating income of $5.3 million (including non-recurring expense of $2.9 million ), compared to operating income of $8.9 million in the fourth quarter of 2010 and $12.1 million sequentially. Net income of $3.1 million , or $0.31 per diluted share (net of $0.19 per diluted share of non-recurring expense), compared to net income of $5.4 million , or $0.58 per diluted share in the fourth quarter of 2010 and $7.3 million or $0.74 sequentially. Unrestricted cash increased to $67.4 million at September 30, 2011 , compared to $60.2 million at June 30, 2011. Net revenue for the fourth quarter of fiscal 2011 totaled $59.9 million a 32% increase over net revenue of $45.4 million for the fourth quarter of fiscal 2010. The increase was driven primarily by higher system shipments to customers in the solar industry. Net revenue for the fourth quarter was down 17% from the third quarter's $71.9 million . The sequential change reflects slowing market conditions within the solar and LED markets.

Amtech Systems, Inc., through its subsidiaries, engages in the design, assembly, sale, and installation of capital equipment and related consumables used in the manufacture of wafers, primarily for the solar and semiconductor industries.

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