Question-and-Answer Session
Operator
(Operator Instructions). We'll take our first question from Matt Petkun with D.A. Davidson & Co.
Matt Petkun - D.A. Davidson & Co.
Solid quarter in Q3. Nice improvements both on the operations and in the balance sheet. One quick question Sean or Deno. You talked about this notion of pull-ins and that might impact the opportunity for revenue growth in the October quarter. Your business isn't one where I historically have thought much about orders being pulled in or pushed out given the short lead time nature. Can you talk more directionally what you are seeing both in the FPD market and the IC market, and what you would be expecting? Obviously, January is usually a seasonally down quarter, but what are we seeing in terms of maybe longer-term growth opportunities here?
Sean Smith
Matt, I think you are correct with the short lead times, but what we had anticipated when we guided for Q3, based upon our qualification processes at the NanoFab and some new customer engagements that Deno alluded to in his opening remarks, we had planned for some of those orders to come-in in Q4. The process for regular transfers of high-end orders were pulled in, so we were able to capitalize on that. However, we generally believe that we will continue to see modest improvement as we move forward.
Matt Petkun - D.A. Davidson & Co.
Okay. The next question I had again was kind of on the NanoFab. You are now only counting 65 nanometers or below versus a year ago. Those numbers included 90 nanometers. So, clearly, you are seeing improvement, but it sounds like you have had a lot of incremental customer traction. When can we see the numbers for the NanoFab start to improve on a year-over-year basis? I mean, the October quarter last year was over $10 million. Should we start to see double digit types of numbers from the leading edge?
Sean Smith
To answer your question, we have seen year-over-year improvement in the NanoFab, no question about it. We have also seen sequential improvement each of the last five quarters there. I am not sure the quote of the $10 million from Q4; that I believe was all high-end last year. It wasn't just the NanoFab. We probably won't be in a position to discuss the specific components of the P&L or the top line at the NanoFab, but that technology that's there, the process, the qualification process that's happened over the last year has enabled and benefited our other sites as we were able to transfer work around the network.
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