Rubicon Technology, Inc. (OQ:RBCN)

Sector:  Technology Industry:  Semiconductors
See Regulatory Filings on SEC
Company Contact
Address: 900 E Green St
Tel: N/A
IR: See website
Key People
Michael E. Mikolajczyk
Independent Chairman of the board
Timothy E. Brog
President, Chief Executive Officer, Director
Mathew Jason Rich
Chief Financial Officer
Business Overview
Rubicon Technology, Inc. is a vertically integrated, electronic materials provider specializing in monocrystalline sapphire for applications in light-emitting diodes (LEDs), optical systems and specialty electronic devices. The Company's product lines include sapphire cores; four and six-inch sapphire wafers; four, six, and eight-inch patterned sapphire substrate (PSS) wafers, and optical sapphire components. Its sapphire is also used as an exterior component in mobile devices, specifically camera lens covers, dual flashes and home buttons on certain newer model smartphones and as the crystal covering the faces of certain smart watches. In addition, some consumer electronics original equipment manufacturers (OEMs) use sapphire faceplates for smartphones. For the LED market, it sells 2 to 6-inch material in core form and four, six and eight-inch material in polished and PSS wafer form. Its principal customers are semiconductor device manufacturers and wafer polishing companies.
Financial Overview
For the nine months ended 30 September 2019, Rubicon Technology, Inc. revenues decreased 19% to $2.3M. Net loss totaled $1.1M vs. income of $820K. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Gain on disposal of assets decrease of 90% to $273K (income), General and administrative increase of 8% to $1.9M (expense).
Employees: 15 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $3.33M as of Sep 30, 2019
EBITDA (TTM): -$2.27M as of Sep 30, 2019
Net annual income (TTM): -$0.99M as of Sep 30, 2019
Free cash flow (TTM): $0.13M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 2,706,463 as of Sep 30, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization