Emcore Stock Price, News & Analysis

EMCORE Corporation (NASDAQ: EMKR) has commenced shipping its Optiva Q/V-Band fiber optic links, covering applications from 2 MHz to 60 GHz, as announced on November 10, 2020. These advanced transmitter and receiver modules, showcased at Satellite 2020, enhance antenna remoting and other high-frequency applications, eliminating performance penalties of block up/down conversion. They utilize EMCORE's ultra-low RIN laser technology and offer high performance with >102 dB-Hz²/3 at 60 GHz. This positions EMCORE uniquely in the fiber optic transmission market.

EMCORE Corporation (NASDAQ: EMKR) announced that its EN-300 FOG Inertial Measurement Unit is now in high-rate production with a 12-week lead time. This unit boasts up to 10X the bias performance of older systems, ideal for applications in unmanned aerial vehicles. Following successful Design Verification Testing, EMCORE is expanding production with enhanced quality controls. The EN-300's features include a bias stability as low as 0.04 degree/hr. The production ramp-up reflects strong market demand and EMCORE's commitment to delivering precision and cost-effective solutions.

EMCORE Corporation (Nasdaq: EMKR) announced preliminary revenue of approximately $33.5 million for Q4 FY2020, exceeding previous guidance of $29 million to $31 million.

CEO Jeff Rittichier attributed the growth to increased investments from MSOs in the Broadband sector, along with strong shipments of L-EML transmitters and notable revenue from Aerospace & Defense segments. EMCORE anticipates a robust order book for cable TV products extending into March 2021. Final financial results will be released during the week of November 30, 2020.

EMCORE Corporation (NASDAQ: EMKR) announced the launch of EMCORE-Advance, a Development & Branding Program for its Defense Optoelectronics segment. Scheduled for rollout in December 2020, the program aims to enhance systems integrators' capabilities to secure business and boost profits. Key features include customizable tools, preferential pricing, and expedited customer support. This initiative is expected to leverage EMCORE’s vertical integration and advanced design capabilities, providing integrators a competitive edge.

EMCORE Corporation (NASDAQ: EMKR) announced the launch of the Model 1790 1550 nm High-Power Laser Module, specifically designed for LiDAR and optical sensing applications. With a high optical output power of 18 dBm and a narrow linewidth, the module supports FMCW LiDAR systems and has been adopted by a major autonomous vehicle provider. Developed over three years, it features a compact design, operates in a wide temperature range, and is compliant with Telcordia Technologies GR-468 and RoHS standards. The company is optimistic about expanding its laser technology applications across various industries.

EMCORE Corporation (NASDAQ: EMKR) has secured a $3.6 million contract from Raytheon Technologies to supply SDI500 Inertial Measurement Units (IMUs) for the MK 54 lightweight torpedo program. The delivery is expected by September 2021. The MK 54 torpedo is designed for superior tracking and targeting capabilities in various environments. EMCORE's SDI500 IMU promises high performance with <1º/hr bias stability, enhancing the torpedo's guidance and control while improving cost-effectiveness and sustainability for Raytheon and its clients.

EMCORE Corporation (NASDAQ: EMKR) announced its participation in the Jefferies Virtual Semiconductor, IT Hardware & Communications Infrastructure Summit on September 1, 2020. As a top provider of advanced mixed-signal products, EMCORE serves the aerospace, defense, and broadband communications markets. The company's technology supports applications such as 5G wireless infrastructure and optical sensing. Its manufacturing facilities in California maintain ISO 9001 certification and are AS9100 aerospace quality certified, ensuring high standards in production.

EMCORE Corporation (Nasdaq: EMKR) announced its fiscal Q3 2020 results, reporting a consolidated revenue of $27.3 million, up from $23.8 million in Q2. The Aerospace & Defense segment generated $14.0 million, while the Broadband segment contributed $13.3 million. Net loss improved to $1.3 million from $5.1 million in the prior quarter, with adjusted EBITDA turning positive at $0.3 million. Management anticipates Q4 revenue between $29 million and $31 million, fueled by strong demand across segments despite ongoing pandemic challenges.