Risk Factors and Forward-Looking Statements
? our ability to execute on our 5-Point Strategy;
? our ability to grow our presence in the life sciences, security, industrial
and international markets;
? the possibility of future acquisitions or dispositions and the successful
integration of any acquired operations;
? the success of our strategy to diversify our business by entering markets
outside the semiconductor and automated test equipment (“ATE”) markets,
collectively the “semi market”;
? indications of a change in the market cycles in the semi market, or other
markets we serve;
? developments and trends in the semi market, including changes in the demand
for semiconductors;
? our ability to convert backlog to sales and to ship product in a timely
manner;
? the loss of any one or more of our largest customers, or a reduction in orders
by a major customer;
? the availability of materials used to manufacture our products;
? the impact of current global supply chain constraints or other interruptions
in our supply chain caused by external factors, including the ongoing war in
Ukraine and COVID-19;
? the impact of inflation on our business and financial condition;
? the impact of COVID-19 on our business, liquidity, financial condition and
? the ability to borrow funds or raise capital to finance potential acquisitions
or for working capital;
? changes in the rate of, and timing of, capital expenditures by our customers;
? effects of exchange rate fluctuations;
? progress of product development programs;
? the anticipated market for our products;
? the availability of and retention of key personnel or our ability to hire
personnel at anticipated costs;
? general economic conditions both domestically and globally, and
? other risk factors included in Part I, Item 1A – “Risk Factors” in our 2021
This MD&A should be read in conjunction with the accompanying consolidated financial statements. In addition, please refer to the discussion of our business and markets contained in Part 1, Item 1 of our 2021 Form 10-K.
Orders and Backlog
The following table sets forth, for the periods indicated, a breakdown of the orders received by operating segment and market (in thousands).
Revenue
The following table sets forth, for the periods indicated, a breakdown of revenue by operating segment and market (in thousands).
Environmental
War in Ukraine and Global Supply Chain Constraints
Three Months Ended March 31, 2022 Compared to Three Months Ended March 31, 2021
Liquidity and Capital Resources
Liquidity
Financing Activities. During the three months ended March 31, 2022, we made principal payments on our Term Note totaling $883,000 and received $56,000 as a result of purchases of our stock that were made by our employees under the ESPP.
New or Recently Adopted Accounting Standards
See the Notes to our consolidated financial statements in this Report for information concerning the implementation and impact of new or recently adopted accounting standards.
Off -Balance Sheet Arrangements
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Published On: May 17, 2022 / Categories: Uncategorized /

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