Info
Info

Q1 Revenue Drop For Emcore

News
Revenue decreases 4.9 percent, gross margin increases 17.5 percent

Emcore, a provider of mixed-signal optics products for communications and defence systems, has announced financial results for its fiscal first quarter ended December 31, 2018.

Jeffrey Rittichier, Emcore's president and CEO commented: “Revenue in our first fiscal quarter of FY19 met expectations as did the sequential improvement in gross margin.” Rittichier went on to say “Improved operational performance over the quarter helped drive margins upward, despite slightly lower volume.”

Revenue was $24.0 million, representing a 4.9 percent decrease from the prior quarter; GAAP gross margin was 24.2 percent, representing an increase from 17.5 percent in the prior quarter; non-GAAP gross margin was 24.7 percent, representing an increase from 18.1 percent in the prior quarter; GAAP operating margin was (24.2) percent, representing a decrease from (22.2) percent in the prior quarter; Non-GAAP operating margin was (11.0) percent, representing a decrease from (13.9) percent in the prior quarter.

GAAP diluted pre-tax EPS was $(0.20), representing an increase from $(0.21) in the prior quarter; Non-GAAP diluted pre-tax EPS was $(0.09), representing an increase from $(0.12) in the prior quarter. Cash and cash equivalents was $57.3 million at the end of the quarter, a decrease of $5.8 million when compared to the end of the prior quarter

Business Outlook

The company expects revenue for the fiscal second quarter ending March 31, 2019 to be in the range of $21 to $23 million.



CS International 26-27 March 2019, Sheraton Airport Hotel, Brussels

In its ninth year, CS International will continue to provide timely, comprehensive coverage of every important sector within the compound semiconductor industry. Presentations are split into 5 key themes and each industry key theme will be delivered by a keynote presentation from a leading industry figure as well as a market analyst presentation tailored to the theme. Together, the talks will detail breakthroughs in device technology; offer insights into the current status and the evolution of compound semiconductor devices; and provide details of advances in tools and processes that will help to drive up fab yields and throughputs. Attendees at the two-day conference will gain an up-to-date overview of the status of the CS industry, and have opportunities to meet many other key players within this community.

Places will be limited, so register your place today: https://cs-international.net

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
×
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:
 
X
Info
X
Info