Global semiconductor technology and equipment firm Revasum (ASX:RVS) has had a strong start to 2022, increasing half-yearly revenue 60% over the same period last year to US$7.4 million. Equipment revenue of US$3.9 million was the main driver of growth for the half-year, and the company has a healthy order backlog of US$7.7 million.
In an update to the ASX, Revasum said it continues to diversify its revenue streams with other revenue up 20% year-on-year to US$3.5 million. Comprising spare parts, consumables, and service revenue, other revenue now accounts for almost half of all revenues.
Revasum continues to commercialise its world first, industry-leading 6EZ polisher designed specifically for silicon carbide (SiC). The 6EZ is already used in a high-volume production environment with a key customer and preparations are underway to place a 6EZ at a strategically important customer site. Revasum is using initial customer feedback to further refine the 6EZ’s cleaning capabilities, throughput, and polish process results. These improvements are expected to deliver improved wafer consistency, higher yield, and lower manufacturing costs for customers.
While global supply constraints continue to impact Revasum’s ability to procure components with semiconductor chips, the company said it is working with its suppliers and contract manufacturers to mitigate supply delays, increasing inventory for these components where possible.
In July, Revasum appointed highly credentialled industry executive Scott Jewler to lead the company as President, Chief Executive Officer and Executive Director. Mr Jewler brings over 25 years’ semiconductor industry and executive management experience to Revasum with former roles at GlobalFoundries, Mitsubishi Chemical Group, Amkor Technology and Ultratech (now Veeco). He succeeds Interim CEO Bill Kalenian, who was appointed following the resignation of Rebecca Shooter-Dodd from her roles as President, CEO and Executive Director. Mr Kalenian returns to his duties as Vice President of Engineering, reporting to Mr Jewler.
Commenting on the appointment, Revasum Chairman Kevin Landis, said, “We are pleased that Revasum will soon be joined by Scott Jewler as CEO. Scott has extensive experience across all aspects of semiconductor technology management, in multiple countries, and in both large and small organisations. This depth of experience will be critical in guiding Revasum to make the most of the substantial opportunities in front of us.”