Genus Announces First Quarter Results

SUNNYVALE, Calif. (April 27, 2000) – Genus, Inc. (Nasdaq: GGNS) announced profitable results for the first quarter ended March 31, 2000. The company recorded net sales of $12.3 million, compared with $6.0 million for the first quarter of 1999. Net income for the first quarter of 2000 was $971,000 or $0.05 per share, compared to net loss of $611,000 or $0.03 per share for the same quarter of 1999.

Revenues for the first quarter were more than double that of the fourth quarter of 1999. In addition, gross profit margins increased to 44.5 percent in the first quarter of 2000, the highest in the Company since 1989.

"This was the most successful quarter financially for Genus since the company refocused on thin film products in 1998," said Dr. William W.R. Elder, Genus' chairman and CEO. "As expected, revenue and profits exceeded our original plan, and with bookings in excess of $19 million for the second consecutive quarter, we have all of the second and most of the third quarter's system requirements in backlog."

For the financial statement, click here.

Safe Harbor

This press release contains statements that may be deemed forward-looking regarding the use of ALD technology by the semiconductor industry. Any such forward-looking statements are subject to a number of risks and uncertainties, including actual acceptance of ALD technology by the marketplace, potential development of competing technologies, cyclical economic conditions in the semiconductor equipment market, and global economic conditions. Additional associated risks and uncertainties are found in the Management's Discussion and Analysis of Results of Operations section of Genus' Annual Report on Form 10-K for the fiscal year ended December 1999 and in Genus' subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission.

About Genus

Founded in 1982, Genus, Inc. designs, manufactures, and markets capital equipment and deposition processes for advanced semiconductor manufacturing, as well as for other emerging non-semiconductor applications. Genus offers various thin-film deposition modules using its own production-proven equipment and processes for both chemical vapor deposition (CVD) and atomic layer deposition (ALD). The deposition processes are used to manufacture integrated circuits for the computer, communications, medical, military, transportation, and consumer electronics industries. Genus' customers include semiconductor manufacturers located throughout the United States, Europe, and the Pacific Rim, including Korea and Japan. Company headquarters are in Sunnyvale, California. For additional information, visit Genus' Web site at www.genus.com.