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EMCORE Corporation (EMKR) delivers critical innovations in mixed-signal optics and inertial navigation for aerospace, defense, and high-speed communications systems. This page provides authorized news updates directly from the company and verified industry sources.
Investors and industry professionals will find comprehensive coverage of earnings announcements, product developments, and strategic partnerships. All content is curated to meet rigorous financial reporting standards, ensuring reliable tracking of EMKR's advancements in photonic integrated chips and navigation technologies.
The repository includes updates on manufacturing certifications, defense contract milestones, and telecommunications innovations. Users can monitor EMKR's vertically integrated production capabilities and quality management systems through verified operational updates.
Bookmark this page for streamlined access to EMCORE's latest developments in fiber optic networks and aerospace navigation solutions. Regular updates ensure timely awareness of the company's position within critical infrastructure markets.
EMCORE Corporation (Nasdaq: EMKR) has agreed to acquire the Space and Navigation Business from L3Harris (NYSE: LHX) for approximately $5 million in cash. This acquisition will enhance EMCORE's Fiber Optic Gyroscope (FOG) product line and expand its market reach into the growing launch vehicle and space satellite sectors. The transaction includes significant assets, supply agreements, and an experienced technical team, expected to create operational synergies and be non-GAAP EPS accretive. The acquisition is anticipated to close by the end of Q2 2022.
EMCORE Corporation (Nasdaq: EMKR) reported fiscal 2022 first-quarter results for the period ending December 31, 2021, showing consolidated revenue of $42.2 million, down from $44.0 million in the previous quarter. Net income was $2.4 million and $5.3 million on a non-GAAP basis. The company recorded an adjusted EBITDA of $6.3 million. The A&D segment revenue fell to $9.9 million, while the Broadband segment revenue slightly increased to $32.3 million. EMCORE projects second-quarter revenue to range from $32 million to $34 million.
EMCORE Corporation (Nasdaq: EMKR) announced its participation in the Cowen 43rd Annual Aerospace/Defense & Industrials Virtual Conference on February 10, 2022, at 12:40 PM ET. The presentation will be accessible via live webcast, with a replay available afterward. EMCORE specializes in advanced mixed-signal products for aerospace, defense, and communications sectors. The company is vertically integrated, with manufacturing facilities in California certified for ISO 9001 and AS9100 quality standards.
EMCORE Corporation (Nasdaq: EMKR) will announce its fiscal 2022 first-quarter results on February 9, 2022, after market close. The results will cover the period ending December 31, 2021. A conference call will take place at 5:00 p.m. ET, featuring CEO Jeff Rittichier and CFO Tom Minichiello. They will discuss the results and current business conditions, followed by a Q&A session. The call can be accessed by dialing 888-220-8474 or via the company’s website for a live webcast.
EMCORE Corporation (Nasdaq: EMKR) has secured a development contract from a major U.S. prime contractor to design and produce Inertial Measurement Units (IMUs) for Advanced Tactical Pods (ATP). This contract follows a $1.1M award in 2021 aimed at enhancing the ATP program's capabilities. EMCORE's IMUs utilize proprietary Fiber Optic Gyro and quartz accelerometer technology, notable for cost-efficiency and performance. Initial production units are expected to be delivered in 2022, marking a significant step in supporting the customer's aggressive rollout plan.
EMCORE Corporation (Nasdaq: EMKR) announced its participation in the 24th Annual Needham Growth Conference on January 13, 2022, at 4:15 PM ET. The event will feature a live webcast available for viewing at this link. EMCORE, based in Alhambra, CA, specializes in advanced mixed-signal products for aerospace & defense, communications, and sensing markets. Their facilities maintain ISO 9001 and AS9100 quality management certifications, ensuring high-quality manufacturing standards.
EMCORE Corporation (Nasdaq: EMKR) reported 4Q21 consolidated revenue of $44.0 million, driven by $32.2 million from the Broadband segment. Net income for 4Q21 reached $5.1 million. For FY21, the company achieved total revenue of $158.4 million, up 44% year-over-year, with net income of $25.6 million. Gross margin improved to 39%. Despite challenges from semiconductor shortages, Emcore expects robust growth in the Aerospace and Defense (A&D) segment in FY22, with projected revenue for Q1 FY22 between $41 million and $43 million.
EMCORE Corporation (Nasdaq: EMKR) will announce its fiscal 2021 fourth quarter results on November 30, 2021, after market close. The results will cover the period ending September 30, 2021. A conference call to discuss these results will be hosted on December 1, 2021, at 8:00 a.m. ET. CEO Jeff Rittichier and CFO Tom Minichiello will lead the discussion and answer questions. The call can be accessed via phone or live webcast. EMCORE specializes in advanced mixed-signal products for aerospace, defense, communications, and sensing markets.
EMCORE Corporation (Nasdaq: EMKR) announced its participation in the 12th Annual Craig-Hallum Alpha Select Conference on November 16, 2021, at 9:00 AM ET. The company will host virtual one-on-one meetings with registered investors during the event. EMCORE is recognized for its advanced mixed-signal products that cater to the aerospace & defense, communications, and sensing markets. The firm operates manufacturing facilities in California, maintaining ISO 9001 and AS9100 certifications, ensuring high-quality production across its product portfolio.
EMCORE Corporation (Nasdaq: EMKR) has reported strong market acceptance and early success for its new SDI170 MEMS Tactical Grade Inertial Measurement Unit (IMU). U.S. and international customers have confirmed its compatibility as a replacement for the HG1700-AG58 IMU. Customer testing has shown positive results, meeting all specified parameters. EMCORE is finalizing qualification ahead of full-rate production set for November 2021, and a memorandum of understanding has been established for significant volume deliveries expected in 2022.
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