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Emcore Corp. - EMKR STOCK NEWS

Welcome to our dedicated news page for Emcore (Ticker: EMKR), a resource for investors and traders seeking the latest updates and insights on Emcore.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Emcore's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Emcore's position in the market.

News
EMCORE Reports Fiscal 2024 First Quarter Results
Rhea-AI Summary
EMCORE Corporation (EMKR) announced its fiscal 2024 first quarter results, reporting consolidated revenue of $24.1 million, with a net loss of $4.4 million on a GAAP basis and $2.6 million on a non-GAAP basis. The company experienced unexpected headwinds from export license timing and PCB material issues, resulting in a negative adjusted EBITDA of $1.7 million. The Inertial Navigation revenue grew 21% compared to the year-ago quarter. The company expects a return to quarterly top-line growth in the June quarter, with revenue from new programs and continued engineering and operational integration among sites. However, it anticipates revenue for the fiscal second quarter to be in the range of $23 million to $25 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-39.68%
Tags
earnings
-
News
EMCORE to Present at the TD Cowen 45th Annual Aerospace & Defense Conference
Rhea-AI Summary
EMCORE Corporation (Nasdaq: EMKR) will present at the TD Cowen 45th Annual Aerospace & Defense Conference on February 14, 2024. The presentation will be available via live webcast and replay on their investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
Tags
conferences
-
News
EMCORE Corporation to Host Fiscal 2024 First Quarter Conference Call on February 8, 2024
Rhea-AI Summary
EMCORE Corporation (EMKR) will announce its fiscal 2024 first-quarter results for the period ended December 31, 2023, on Thursday, February 8, 2024. The conference call will be hosted by President & Chief Executive Officer, Jeff Rittichier, and Chief Financial Officer, Tom Minichiello to discuss the results and current business conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.78%
Tags
conferences earnings
News
EMCORE Corporation Enters Into Cooperation Agreement with Bradley L. Radoff
Rhea-AI Summary
EMCORE Corporation (NASDAQ: EMKR) appoints Cletus C. Glasener and Jeffrey J. Roncka to its Board of Directors, with Glasener as Chairman. The company also reconstitutes the Strategy and Alternatives Committee and enters into a cooperation agreement with Bradley L. Radoff and his affiliates. The agreement aims to facilitate a business review and explore value creation levers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12%
Tags
none
-
News
EMCORE Reports Fiscal 2023 Fourth Quarter Results
Rhea-AI Summary
EMCORE Corporation (Nasdaq: EMKR) announced its fiscal 2023 fourth-quarter results, with consolidated revenue of $26.8 million, a net loss of $42.6 million on a GAAP basis and $2.0 million on a non-GAAP basis, and adjusted EBITDA of negative $0.9 million. The company's President and CEO, Jeff Rittichier, highlighted the sixth consecutive quarter of growth in Inertial Navigation revenue, with GAAP and non-GAAP gross margins of 26% and 31%, respectively. However, the company reported a significant increase in operating expenses and a net loss on continuing operations of $28.8 million. EMCORE also provided a business outlook for the fiscal first quarter ending December 31, 2023, with revenue expected to be in the range of $26 million to $28 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.15%
Tags
earnings
-
News
EMCORE Corporation to Host Fiscal 2023 Fourth Quarter Conference Call on December 12, 2023
Rhea-AI Summary
EMCORE Corporation (EMKR) will announce its fiscal 2023 fourth-quarter results for the period ended September 30, 2023, on Tuesday, December 12, 2023, after the market close. The Company will host a conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) on the same day. President & Chief Executive Officer, Jeff Rittichier, and Chief Financial Officer, Tom Minichiello will provide an overview of the results, discuss current business conditions, and conduct a question and answer session. The call will be webcast live via the Company's investor website at https://investor.emcore.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.88%
Tags
conferences earnings
News
EMCORE to Supply Kratos with Quartz MEMS IMUs for Multiple Unmanned Aerial Defense Programs Including the XQ-58 Valkyrie
Rhea-AI Summary
EMCORE Corporation has entered into a long-term supply partnership with Kratos Unmanned Aerial Systems to deliver its flagship Quartz MEMS Inertial Measurement Units (IMU) for multiple advanced unmanned aerial defense programs. The value of the multi-year award is expected to be over $4.6 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15%
Tags
none
-
News
EMCORE Completes Sale of Non-Strategic Product Lines to Photonics Foundries, Inc.
Rhea-AI Summary
EMCORE Corporation completes sale of Broadband segment product lines and Defense Optoelectronics products to Ortel LLC
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10%
Tags
none
-
News
EMCORE Advances Photonic Integrated Chip (PIC) Technology Integrating PIC Into All Open-Loop Fiber Optic Gyro (FOG)-based Products
Rhea-AI Summary
EMCORE Corporation advances PIC technology in its open-loop FOG-based products
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.09%
Tags
none
News
EMCORE Corporation Adopts Tax Benefits Preservation Plan to Protect Tax Assets
Rhea-AI Summary
EMCORE Corporation adopts tax benefits preservation plan to protect and preserve tax attributes. The plan aims to prevent an ownership change that could limit the company's ability to utilize its $424.9 million federal net operating loss carryforwards. Shareholders will receive preferred stock purchase rights. The plan expires by September 28, 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4%
Tags
none
Stock EMKR logo
Emcore Corp.

Nasdaq:EMKR

EMKR Rankings

#5118 Ranked by Market Cap
#5215 Ranked by Stock Gains
N/A Ranked by Dividends

EMKR Stock Data

22.11M
4.78M
15.74%
50.76%
0.44%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Alhambra

About EMKR

emcore corporation is a leading provider of advanced mixed-signal optics products that provide the foundation for today’s high-speed communication network infrastructures and leading-edge defense systems. our optical chips, components, subsystems and systems enable broadband and wireless providers to continually enhance their network capacity, speed and coverage to advance the free flow of information that empowers the lives of millions of people daily. the mixed-signal optics technology at the heart of our broadband transmission products is shared with our fiber optic gyros and military communications links to provide the aerospace and defense markets state-of-the-art systems that keep us safe in an increasingly unpredictable world. emcore’s performance-leading optical components and systems serve a broad array of applications including cable television, fiber-to-the-premise networks, telecommunications, wireless infrastructure, satellite rf fiber links, navigation systems and militar