Emcore Stock Price, News & Analysis

EMCORE Corporation (Nasdaq: EMKR) has announced a significant milestone, exceeding 5,000 unit sales of its SDI500 series MEMS Inertial Measurement Unit (IMU). Since its launch in 2010, the SDI500 has been recognized for its tactical-grade performance and has gained acceptance in the aerospace and defense sectors. The latest Rev F edition has been ranked first in accuracy in a U.S. Military study. The IMU is integral to various weapons systems, including U.S. Navy torpedoes, showcasing EMCORE's growth and reliability in advanced navigation solutions.

EMCORE Corporation (Nasdaq: EMKR) announced that its Chief Scientist, Sergey Zotov, Ph.D., will present at the Joint Navigation Conference (JNC) on August 26 at 10:50 a.m. The presentation will focus on Compact Quartz MEMS Inertial Measurement Units (IMUs) and their advancements. EMCORE will showcase its innovative navigation products, including the SDI500 MEMS IMU, ranked #1 in accuracy among 19 IMUs in a military study. The JNC, the largest U.S. military PNT conference, will emphasize technical advances for enhancing warfighting and homeland security.

EMCORE Corporation (Nasdaq: EMKR) announced a significant transition in its operations with the termination of its 2019 agreement with Hytera, leading to new agreements with Fastrain. This allows EMCORE to shift its Cable TV (CATV) production to an Electronic Manufacturing Services (EMS) model, improving cost-efficiency. The new agreements include an equipment sale worth $1.4 million, extending the partnership with Fastrain until December 31, 2025. The changes aim to enhance operational efficiencies and meet market demands for CATV products.

EMCORE Corporation (Nasdaq: EMKR) reported fiscal 2021 third-quarter results with consolidated revenue of $42.7 million, up from $38.4 million in the previous quarter. The Broadband segment generated $30.3 million in revenue, marking an 11% increase sequentially. Net income reached $13.6 million, significantly higher than $4.4 million in 2Q21. The company expects fourth-quarter revenue to be between $42 million and $44 million.

Gross margins improved to 40%, driven by strong performance in Broadband.

EMCORE Corporation (Nasdaq: EMKR) will announce its fiscal 2021 Q3 results for the period ending June 30, 2021, on August 4, 2021, after market close. A conference call will be held on August 5, 2021, at 8:00 a.m. ET, featuring CEO Jeff Rittichier and CFO Tom Minichiello, who will discuss the results and current business conditions. The call can be accessed by dialing 800-353-6461 or +1 334-323-0501 for international callers. EMCORE specializes in advanced mixed-signal products for aerospace, defense, and broadband communications, with ISO 9001 and AS9100 certifications.

EMCORE Corporation (Nasdaq: EMKR) has secured a $4.1 million supplement to its Fiber Optic Gyroscope contract with Raytheon Intelligence & Space. This addition will allow EMCORE to supply high-performance FOG modules for airborne optical targeting systems, continuing a relationship in which over 1,200 units have already been delivered. The contract builds on a previous $18 million agreement, showcasing EMCORE's robust capabilities in advanced mixed-signal products for aerospace and defense markets.

EMCORE Corporation (Nasdaq: EMKR) will host a webinar on July 21, 2021, in collaboration with Inside GNSS magazine. The session is titled “Resetting the Bar on Inertial Sensor SWaP for Tactical and Navigation Applications.” It will showcase EMCORE's advancements in inertial technology, particularly in gyroscopes and Inertial Measurement Units (IMUs). The discussion will highlight the advantages of EMCORE's Quartz MEMS over silicon MEMS, as well as the superior capabilities of its Fiber Optic Gyro (FOG) technology for various applications.

EMCORE Corporation (Nasdaq: EMKR) announced its inclusion in the Russell 2000® and Russell 3000® Indexes as of June 28, 2021. This milestone is expected to enhance the company's visibility and potentially increase shareholder value.

CEO Jeff Rittichier emphasized that this achievement reflects the company's growth momentum. EMCORE specializes in advanced mixed-signal products for aerospace, defense, and broadband communications markets, leveraging proprietary technologies in manufacturing.

On May 26, 2021, EMCORE Corporation (Nasdaq: EMKR) announced its participation in two upcoming virtual investor conferences. The first is the Cowen Technology, Media, & Telecom Conference on June 1, 2021, featuring a fireside chat at 9:50 AM ET. The second is the Craig-Hallum Institutional Investor Conference on June 2, 2021. EMCORE's management will conduct one-on-one meetings with registered investors. A live webcast of the Cowen Conference chat will be available, and a replay can be accessed later. Interested investors may contact EMCORE for further details.