EMCORE Corp (OQ:EMKR)

Sector:  Industrials Industry:  Aerospace & Defense
 
See Regulatory Filings on SEC
Company Contact
Address: 2015 W. Chestnut Street
ALHAMBRA CA 91803
Tel: 1-626-2933640
Website: https://emcore.com
IR: See website
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Key People
Jeffrey S. Rittichier
Chief Executive Officer, Director
Thomas P. Minichiello
Chief Financial Officer
 
Business Overview
EMCORE Corporation is a provider of inertial navigation products for the aerospace and defense markets. The Company leverages Photonic Integrated Chip (PIC), Quartz MEMS, and Lithium Niobate chip-level technology to deliver component and system-level products across its end-market applications. The Company's operations include wafer fabrication (lithium niobate and quartz), device design and production, fiber optic module and subsystem design and manufacture, and PIC-based and QMEMS-based component design and manufacture. The Company operates through the Inertial Navigation segment, whose product technology categories include FOG, QMEMS, and RLG, in each case, serve the aerospace and defense market. Its FOG products range from tactical to navigation grade gyros, inertial measurement units (IMU) and inertial navigation systems (INS). Its QMEMS gyroscopes, accelerometers, IMUs, and INS products deliver size, weight, and power (SWaP) performance over alternative technologies.
Financial Overview
For the three months ended 31 December 2023, EMCORE Corp revenues increased 21% to $24.1M. Net loss before extraordinary items decreased 47% to $4.4M. Revenues reflect Aerospace and Defense segment increase from $21.7M to $72.4M, Asia segment increase from $1.2M to $3M, Europe segment increase of 59% to $3.4M. Lower net loss reflects other SGA decrease of 24% to $6.2M (expense), Stock-based Compensation in SGA decrease of 65% to $375K (expense).
Employees: 350 as of Sep 30, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $15.95M as of Dec 31, 2023
Annual revenue (TTM): $101.86M as of Dec 31, 2023
EBITDA (TTM): -$13.68M as of Dec 31, 2023
Net annual income (TTM): -$45.60M as of Dec 31, 2023
Free cash flow (TTM): -$30.33M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 77,320,280 as of Feb 7, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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