Fs Development Corp. Ii (NASDAQ:FSII)

Order from Taiwan Semiconductor:

Taiwan Semiconductor Manufacturing Co., Ltd. announced that it has acquired a set of equipment from EBARA CORPORATION. for NTD 717,230,682, and a set of equipment from KLA-TENCOR CORP. for NTD 973,548,000, as well as a set of equipment from FSI International INC for NTD 655,924,401. (equal to $21.8 million US dollars)

MINNEAPOLIS--(BUSINESS WIRE)--FSI International, Inc. (Nasdaq: FSII) announced today that several leading device producers, including a new fab, have placed orders for ANTARES^® CryoKinetic Cleaning Systems. Chip providers currently use the system for various back-end-of-line (“BEOL”) particle removal processes and front-end-of-line (“FEOL”) advanced node applications as they continue their quest to improve yields. The systems are expected to ship in fiscal 2012.

Second Quarter 2012 Results

• Second quarter fiscal 2012 sales increased 25 percent to $38.5 million, compared to $30.8 million for the same period of fiscal 2011
• The company’s net income for the second quarter of fiscal 2012 was $3.7 million, or $0.09 per share, compared to net income of $4.9 million, or $0.13 per share, for the second quarter of fiscal 2011.

Outlook 

The Company does not supply specific order guidance, however, based upon quarter-to-date orders and the visible order opportunities, fiscal 2012 third quarter orders are expected to remain strong as compared to the $51.4 million second quarter order level.*

Based on the backlog and deferred revenue levels at the end of the second quarter, quarter-to-date third quarter orders and expected additional third quarter orders, the company expects third quarter fiscal 2012 revenues to exceed $50.0 million, as compared to $38.5 million in the second quarter of fiscal 2012.*

Based upon the anticipated improvement in third quarter gross profit margin and the expected operating expense run rate, the company believes its net income will be in the $7.0 to $9.0 million range for the third quarter of fiscal 2012.* The company expects to generate cash from operating activities in the third quarter, as operating income increases and we continue to manage inventory and accounts receivable levels.*

Given the quarter-to-date orders, the company now expects fiscal 2010 third quarter:

• Orders to be between $28 and $30 million, as compared to $22.8 million in the second quarter of fiscal 2010.
  
• Revenues of $27 to $29 million as compared to $18.9 million in the second quarter of fiscal 2010.
  
• Net income of $5.0 to $6.0 million for the third quarter of fiscal 2010, as compared to $609,000 in the second quarter of fiscal 2010.

On March 30, 2010 the company had provided third quarter order, revenue and net income guidance of $25 to $27 million, $23 to $25 million and $2.5 to $3.0 million, respectively.