The semiconductor sector has looked a bit more wobbly of late, but the odds still seem to favor a pick up in activity and orders in the semiconductor equipment space. Investors who want to make a high-risk/high-reward play on the sector should still consider FSI International (Nasdaq:FSII). While this tiny company's market share in the wafer cleaning space is still tantamount to rounding error, solid order growth speaks to a more interesting future.
Q2 Results - Plenty of Progress, Plenty of Work to Do
FSI's second quarter highlights some of the pluses and minuses of this almost unfollowed story. Revenue rose 25% this quarter and handily surpassed sell-side analyst estimates. In point of fact, business was even a little better than it looked, as the company shipped two Orion systems that it was not able to recognize as revenue for the quarter.
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