EMCORE (EMKR)
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EMCORE (EMKR) - 2022 Q2 - Earnings Call Transcript
2022-05-05 01:01
EMCORE Corporation (NASDAQ:EMKR) Q2 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Jeff Rittichier - President & Chief Executive Officer Tom Minichiello - Chief Financial Officer Conference Call Participants Richard Shannon - Craig Hallum Operator Good day, ladies and gentlemen, and welcome to EMCOR's Second Quarter 2022 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Tom Minichiello. Please go ahead. Tom Minichiello Than ...
EMCORE (EMKR) - 2022 Q2 - Quarterly Report
2022-05-04 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-36632 EMCORE Corporation (Exact name of registrant as specified in its charter) New Jersey 22-2746503 (State or o ...
EMCORE (EMKR) - 2022 Q1 - Earnings Call Transcript
2022-02-10 02:50
EMCORE Corporation (NASDAQ:EMKR) Q1 2022 Earnings Conference Call February 9, 2022 5:00 PM ET Company Participants Jeff Rittichier – President, and Chief Executive Officer Tom Minichiello – Chief Financial Officer Conference Call Participants Jason Schmidt – Lake Street Capital Markets Sam Peterman – Craig Hallum Capital Group Tim Savageaux – Northland Securities Operator Good day and welcome to the EMCORE First Quarter 2022 Earnings Call. Today's conference is being recorded and at this time I would like t ...
EMCORE (EMKR) - 2022 Q1 - Quarterly Report
2022-02-08 16:00
Revenue Performance - For the three months ended December 31, 2021, total revenue was $42.2 million, an increase of 26.4% compared to $33.4 million for the same period in 2020[89]. - Aerospace and Defense revenue decreased by $3.7 million, or 27.4%, primarily due to a $2.7 million decrease in Defense Optoelectronics product line revenue[90]. - Broadband revenue increased by $12.5 million, or 63.4%, driven by a $11.1 million increase in CATV Lasers and Transmitters product line revenue[91]. Profitability - Gross profit for the three months ended December 31, 2021, was $15.8 million, a 25.7% increase from $12.6 million in the same period in 2020[92]. - Aerospace and Defense gross profit decreased by $2.4 million, or 58.9%, with a gross margin of 17.0% compared to 30.1% in the prior year[93]. - Broadband gross profit increased by $5.6 million, or 66.6%, driven by higher revenue of $12.5 million, resulting in a gross margin of 43.6%[94]. Income and Expenses - Operating income for the three months ended December 31, 2021, was $2.5 million, a slight decrease of 0.4% from $2.5 million in the same period in 2020[92]. - Net income for the three months ended December 31, 2021, was $2.4 million, a decrease of 6.0% compared to $2.6 million in the same period in 2020[92]. - Selling, General and Administrative (SG&A) expenses increased by $1.4 million, representing 17.0% of revenue, compared to 17.2% in the prior year[97]. - Research and Development (R&D) expenses increased by $0.3 million, accounting for 11.0% of revenue, down from 12.9% in the prior year[98]. - Operating income as a percentage of revenue was 5.9%, down from 7.5% in the prior year[102]. Cash Flow and Financial Position - Net cash provided by operating activities was $6.2 million, a significant increase of 307.1% compared to $1.5 million in the prior year[108]. - Cash and cash equivalents totaled $76.0 million, with net working capital of $119.6 million as of December 31, 2021[109]. - Investing activities used cash of $1.9 million, an increase of 122.5% compared to $0.9 million in the prior year[121]. Other Significant Events - The company closed an equity offering on February 16, 2021, raising approximately $33.1 million from the sale of 6,655,093 shares at $5.40 per share[80]. - The transfer of CATV module and transmitter manufacturing equipment to Hytera and Fastrain is expected to be completed during the fiscal year ending September 30, 2022, with $2.4 million in payments anticipated[85]. - A restructuring charge of $1.3 million was incurred due to the planned shutdown of manufacturing operations in Beijing, China[100]. - The company recorded a loss on the sale of assets amounting to $0.2 million during the quarter[101]. - The company continues to face uncertainties and challenges due to the ongoing COVID-19 pandemic, affecting operational and financial performance[76]. - There have been no changes in the Company's internal control over financial reporting during the quarter ended December 31, 2021[132]. - Legal proceedings are disclosed under the caption "Legal Proceedings" in Note 10 - Commitments and Contingencies[133].
EMCORE (EMKR) - 2021 Q4 - Annual Report
2021-12-02 16:00
Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, no par value EMKR The Nasdaq Stock Market LLC (Nasdaq Global Market) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...
EMCORE (EMKR) - 2021 Q4 - Earnings Call Transcript
2021-12-01 15:58
EMCORE Corporation (NASDAQ:EMKR) Q4 2021 Earnings Conference Call December 1, 2021 8:00 AM ET Company Participants Tom Minichiello – Chief Financial Officer Jeff Rittichier – President, and Chief Executive Officer Conference Call Participants Paul Silverstein – Cowen Richard Shannon – Craig Hallum Operator Good day and welcome to the EMCORE Fourth Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I will turn the conference over to Mr. Tom Minichiello, please go ahead, sir. To ...
EMCORE (EMKR) - 2021 Q3 - Earnings Call Transcript
2021-08-07 22:54
EMCORE Corporation (NASDAQ:EMKR) Q3 2021 Results Conference Call August 5, 2021 8:00 AM ET Company Participants Tom Minichiello - Chief Financial Officer Jeff Rittichier - President & Chief Executive Officer Conference Call Participants Jaeson Schmidt - Lake Street Paul Silverstein - Cowen Richard Shannon - Craig-Hallum Operator Good day and welcome to the EMCORE Third Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Tom Minichiello. ...
EMCORE (EMKR) - 2021 Q3 - Quarterly Report
2021-08-04 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-36632 EMCORE Corporation (Exact name of registrant as specified in its charter) New Jersey 22-2746503 (State or ot ...
EMCORE (EMKR) - 2021 Q2 - Earnings Call Transcript
2021-05-08 19:30
EMCORE Corporation (NASDAQ:EMKR) Q2 2021 Earnings Conference Call May 6, 2021 8:00 AM ET Company Participants Tom Minichiello - Chief Financial Officer Jeff Rittichier - President & Chief Executive Officer Conference Call Participants Jaeson Schmidt - Lake Street Richard Shannon - Craig-Hallum Operator Good day, and welcome to the EMCORE Second Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Tom Minichiello, Chief Financial Officer. ...
EMCORE (EMKR) - 2021 Q2 - Quarterly Report
2021-05-06 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission File Number 001-36632 EMCORE Corporation (Exact name of registrant as specified in its charter) New Jersey 22-2746503 (State or o ...