EMCORE (US:EMKR)2025-02-13 21:11Financial Performance - Revenue for fiscal 1Q25 was $19.3 million, a decrease of $2.4 million from $21.7 million in 4Q24, representing an 11% decline [4]. - Gross margin increased to 32% in 1Q25, up from 21% in 4Q24, reflecting an 11% improvement [4]. - Non-GAAP net income from continuing operations was $0.5 million in 1Q25, a significant increase of $2.5 million compared to a loss of $2.0 million in 4Q24 [4]. - Adjusted EBITDA for 1Q25 was $1.1 million, an increase of $1.5 million from a negative $0.4 million in 4Q24 [4]. - The net loss on continuing operations was $5.5 million in 1Q25, compared to a loss of $3.2 million in 4Q24, indicating a worsening of $2.3 million [4]. - Cash, cash equivalents, and restricted cash at the end of the period totaled $9.0 million, down from $10.8 million at the end of 4Q24, a decrease of $1.8 million [4]. - Operating expenses rose to $9.7 million in 1Q25, an increase of $1.9 million from $7.8 million in 4Q24 [4]. - Non-GAAP gross margin improved to 36% in 1Q25, up from 23% in 4Q24, reflecting a 13% increase [4]. Future Outlook - The company reported a backlog that remains strong, indicating positive future revenue potential [3]. - The company is focused on leveraging its Photonic Integrated Chip (PIC) and Quartz MEMS technology for future product development and market expansion [5].