EMCORE CORP
emcore.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed Feb 14, 2025. Its latest SEC filing is a SCHEDULE 13G/A from May 15, 2025.
10-Q for Q1 FY2025, filed Feb 14, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells inertial sensors, gyroscopes, and navigation systems to aerospace and defense customers.
10-K for FY2024, filed Jan 14, 2025We have one reporting segment, Inertial Navigation, whose product technology categories include: (a) FOG, (b) QMEMS, and (c) RLG, in each…View ↗
FOG - Our FOG technologies have received multiple U.S. patents and have been qualified for several key military programs for applications…View ↗
QMEMS - Our QMEMS gyroscopes, accelerometers, IMUs, and INS products deliver SWaP performance and cost advantages over alternative…View ↗
RLG - Our line of INS includes the advanced RLG-based products of S&N, which provide increased performance, reliability, and quality…View ↗
How Did They Make Money?
Most revenue comes from product sales ordered by customers and is earned when they take control of the product; sales to distributors typically reach that point at shipment. For customer-specific manufacturing, revenue follows the customer's control of the work as it is built.
10-K for FY2024, filed Jan 14, 2025The majority of revenues are from product sales to customers pursuant to purchase orders. Revenues from product sales are recognized when…View ↗
In addition, we follow the percentage of completion method of revenue recognition for contracts typically for products specific to the…View ↗
We use a number of wholesale distributors around the world and recognize revenue when the wholesale distributor obtains control of our…View ↗
$85.9M
-
10-K for FY2024, filed Jan 15, 2025
$85.9M ↗
Who Were Their Customers?
Sells products worldwide through direct sales staff, application engineers, third-party representatives, and distributors to aerospace and defense customers.
10-K for FY2024, filed Jan 14, 2025
10-K for FY2024, filed Jan 14, 2025
Portions of the Company’s sales are concentrated among a limited number of customers. Significant customers are defined as customers…View ↗
Did Revenues Turn Into Profits?
No. It lost $31.2M in FY2024.
10-K for FY2024, filed Jan 15, 2025
−$24.5MView ↗
10-K for FY2024, filed Jan 15, 2025
−$31.2MView ↗
10-K for FY2024, filed Jan 15, 2025
−$5.3MView ↗
How Were They Changing?
-
Feb 28, 2025
EMCORE completed its merger
Each share of common stock was converted into the right to receive $3.10 per share in cash.
Sources
8-K, filed Feb 28, 2025
At the effective time of the Merger (the “Effective Time”), each share of common stock of the Company (the “Company Common Stock”) issued…View ↗
Shrank. Revenue fell 22% in 4 years, from $110.1M in FY2020 to $85.9M in FY2024, about 6% a year.
Narrower product focus
The older report described navigation sensors alongside broadband communications, CATV, optical sensing, chips, and defense optoelectronics; the latest report describes inertial navigation products for aerospace and defense, including FOG, QMEMS, and RLG systems.
10-K for FY2021, filed Dec 3, 2021 10-K for FY2024, filed Jan 14, 2025
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