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 |
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 |