Question-and-Answer Session
Operator
Thank you, sir. [Operator Instructions]. And for our first question we will go to Matt Petkun with D.A. Davidson & Company.
Matthew Petkun
Hi, good morning. Sean, could you share with us what your views will be from a revenue perspective for the Nanofab this year, I think the previous target was 50 million, well it could be off on that and were probably kind of below that obviously, but how does that look for this year and then obviously Q1 of next year soft, but any views as in terms of the opportunity they grow that business next year?
Sean Smith
Sure Math. I will take a short and then I’ll also see if Chris can add any color and also Dino as well they were both recently out there. We had probably six months ago math mentioned that we would expected Q4 to achieve excellent Q4, we would achieve a run rate of approximately $15 million in the NanoFab. We obviously are not going to achieve that as a result of current market conditions, but we are not going provide any specific guidance at this point in time. The good news is – I’ll let Chris elaborate further on it, the process technologies there, we are qualified to engage with these customers and we feel confident that once the markets turn we will increase those orders as a comment. Plus Chris, if you would like to??
Christopher Progler
Sure I can add a little bit additional. We have sampled a lot of masks, we are selling masks obviously out of the NanoFab very good reports in the customer base, we believe the technology is quite sound, we have the capacity, so we really are involved in evaluating the market trying to tune our customer profiles and jump on any improving market conditions we can. Probably the most optimistic thing we see near term is related to some of my conductivities in Taiwan with the memory companies there that potentially top sense with new fairly large mass market for us that we did not have anticipate having access to previously. So, that’s one we are working very hard to understand and capitalize on.
Matthew Petkun
Okay. Thanks. And then, Sean, what are your expectations from a depreciation perspective and your guidance for Q4?
Sean Smith
Math our depreciation settled down approximately 2 to $2.5 million from where we were at the end of Q3. You know, as a result of the he write-down of those underutilized assets, we don’t anticipate going forward our depreciation to increase – it’s upon the best available information we have right now.
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