Rudolph Technologies (Nasdaq: RTEC), a Flanders-based designer, developer and manufacturer of high-performance process control metrology systems used by semiconductor device manufacturers, today reported revenues of $24.6 million for the third quarter ended September 30. This represents a 145% increase over the third quarter of 1999. Pro forma net income for the quarter was $4.6 million, or $0.29 a diluted share, compared with last year”s net income of $0.2 million, or $0.02 a diluted share.

In a statement, Steve Roth, chief financial officer, said the company”s transparent product line accounted for approximately 50% of revenue for the quarter and 65% of the units it shipped. He also noted that research and development expenses in the quarter were $2.4 million, compared with $1.5 million in the prior year period. “The year-over-year increase reflects the company”s new product development and facilities expansion during 2000,” Roth said.

For the fourth quarter, the company expects revenue to be 10% to 13% more than the third quarter revenue of $24.6 million. It also expects revenue for the full year to increase more than 133% from last year”s $38.1 million. For 2001, Rudolph Technologies projects revenue to grow 40% to 50%, which is in excess of the industry growth rate of 30% projected by DataQuest.

Rudolph Technologies, which went public on November 12, 1999, offers families of proprietary systems for both transparent and opaque thin film measurement in various applications across ther semiconductor fabrication process. The company”s equipment helps chip makers improve yields and cut production costs. Customers include Intel (more than 30% of sales). Liberty Capital Partners owns 47% of the company.

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