+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
 
Loading...
News Article

Positive results for Emcore

InP company shows over 40 percent improvement in annual revenue

Emcore Corporation, a provider of InP optical chips, components, and systems has announced financial results for its fourth quarter and fiscal year ended September 30, 2015.

For Q4, revenue was $23.0 million, representing a 8.6 percent increase from Q3. Gross margin was 41.1 percent, an improvement from the 36.3 percent  compared to Q3. Non-GAAP income from continuing operations was $2.7 million, an improvement of approximately $0.7 million over Q3. Net income was $1.5 million, a $1.0 million decrease on Q3. Net income per share was $0.06 compared to $0.08.

For the year, revenue was $81.7 million, representing a 47.1 percent increase from the prior year. Gross margin was 35.1 percent, an improvement from the 21.8 percent in 2014. Non-GAAP income from continuing operations was $4.2 million, an improvement of approximately $18.0 million on 2014.

Net income, including income from discontinued operations of $65.4 million, was $63.1 million, a $58.2 million increase when compared 2014. Net income per share was $2.10 compared to net income per share of $0.16 in the prior year.

Cash and cash equivalents was $111.9 million at the end of the year, an increase of $91.2 million over 2014.

The board expects revenue for the first quarter ended December 31, 2015 to be in the range of $22 to $24 million.

×
Search the news archive

To close this popup you can press escape or click the close icon.
×
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • 1st January 1970
  • View all news
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: