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EMCORE Corporation (Nasdaq: EMKR) is a leading provider of advanced mixed-signal optics products and inertial navigation systems tailored for both high-speed communication networks and cutting-edge defense applications. With core technologies rooted in Photonic Integrated Chips (PIC), Quartz MEMS, and Lithium Niobate, EMCORE offers a comprehensive range of optical chips, components, subsystems, and system-level products that bolster the capabilities of broadband and wireless providers, as well as defense systems.
Recently, EMCORE has undergone significant restructuring to focus solely on its inertial navigation business, culminating in the completion of the sale of its Broadband segment product lines and Defense Optoelectronics products to Ortel LLC, a subsidiary of Photonics Foundries, Inc. This strategic shift positions EMCORE as a pure-play supplier of state-of-the-art inertial navigation solutions serving the aerospace and defense markets.
EMCORE's product portfolio includes Fiber Optic Gyros (FOG), Quartz MEMS (QMEMS), and Ring Laser Gyros (RLG), offering unmatched accuracy and reliability in navigation and sensing applications. These products are critical for various sectors, including telecommunications, satellite communications, navigation systems, and military communications.
Headquartered in Alhambra, California, with additional facilities in Budd Lake, New Jersey; Concord, California; and Tinley Park, Illinois, EMCORE maintains a robust vertically-integrated manufacturing capability. All of its sites are ISO 9001 certified for quality management, with its aerospace facilities also meeting AS9100 certification standards.
EMCORE has also entered into a long-term supply partnership with Kratos Unmanned Aerial Systems to deliver its flagship Quartz MEMS Inertial Measurement Units for several advanced defense programs, including the XQ-58 Valkyrie. This collaboration underscores EMCORE's pivotal role in enhancing the effectiveness and reliability of unmanned aerial systems for the U.S. military.
Financially, EMCORE has shown resilience through its transition. The company reported consolidated revenues of $26.8 million for 4Q23, despite facing challenges such as export license timing issues and PCB material shortages. EMCORE continues to focus on revenue growth in its inertial navigation segment, with projected revenues of $26-$28 million for 1Q24.
Given its strategic pivot and robust technological portfolio, EMCORE is well-positioned to drive innovation and value in the aerospace and defense sectors. For more details, visit their official website at www.emcore.com.
EMCORE Corporation (Nasdaq: EMKR) will release its fiscal 2021 Q1 results on February 3, 2021, after market close. The results will cover the period ending December 31, 2020. A conference call led by CEO Jeff Rittichier and CFO Tom Minichiello will take place on February 4, 2021, at 8:00 a.m. ET to discuss the results and current business conditions. Interested parties can participate by calling 866-248-8441 or by accessing the live webcast on the company's website.
EMCORE Corporation (Nasdaq: EMKR) announced its participation in the 23rd Annual Needham Virtual Growth Conference scheduled for January 14, 2021, at 9:15 AM ET. The presentation will be accessible via live and replay webcast at investor.emcore.com. EMCORE is a leader in advanced mixed-signal products for aerospace, defense, and broadband communications, utilizing state-of-the-art technology to deliver high-quality components. The company maintains ISO 9001 and AS9100 certifications, ensuring high-quality manufacturing standards.
EMCORE Corporation (Nasdaq: EMKR) has started shipping its Optiva OTS-1LNG Next-Gen L-Band fiber optic links, which boast extended bandwidth for native S- and C-Band operations from 50 MHz to 6 GHz. These modules are designed for satellite antenna signal transport, presenting a cost-efficient solution that enhances performance while reducing network complexity.
The Optiva platform allows long-distance fiber optic links up to 100 km, offering superior resistance to electromagnetic interference and reducing signal-related errors.
EMCORE Corporation (Nasdaq: EMKR) has been featured in Inside GNSS for its advanced Quartz MEMS and Fiber Optic Gyroscope technologies. These innovations offer high-performance benchmarks with low cost, size, weight, and power (CSWaP), serving both commercial and defense applications. The article highlights EMCORE's unique capabilities in producing both gyros and accelerometers, showcasing products like the EN-300 precision FOG IMU that significantly outperforms legacy systems. This recognition underlines EMCORE's strategic position in the aerospace and defense sectors.
EMCORE Corporation (Nasdaq: EMKR) reported a strong fiscal 2020 fourth quarter with revenues of $33.5 million, a 23% sequential increase. The Aerospace & Defense segment contributed $14.5 million and the Broadband segment $19.0 million. Net income improved to $0.7 million on a GAAP basis, compared to a net loss of $1.3 million in the previous quarter. Adjusted EBITDA rose to $4.0 million. Looking forward, EMCORE anticipates revenues between $32 million and $34 million for Q1 2021, despite ongoing challenges from the COVID-19 pandemic.
EMCORE Corporation (Nasdaq: EMKR) reported success in a significant ultra-high-altitude flight simulation featured in Inside GNSS. The SDN500 INS was tested to validate its velocity and altitude limits alongside algorithm performance. The simulation confirmed the navigation system's effectiveness across demanding scenarios, demonstrating robust performance even when GNSS signals were lost. EMCORE's collaboration with CAST Navigation enabled cost-effective testing at altitudes above 24,000 meters, showcasing advanced capabilities critical for aerospace applications.
EMCORE Corporation (NASDAQ: EMKR) plans to announce its fiscal 2020 fourth quarter results for the period ended September 30, 2020, on November 30, 2020, after the market closes. A conference call will be held on December 1, 2020, at 8:00 a.m. ET, featuring CEO Jeff Rittichier and CFO Tom Minichiello, discussing results and current business conditions. The call can be accessed by phone or via a live webcast on the Company's website, where a replay will be available starting December 1, 2020.
EMCORE Corporation (NASDAQ: EMKR) will announce its fiscal 2020 fourth quarter results for the period ended September 30, 2020, on November 30, 2020, after market close. A conference call to discuss these results will take place on December 1, 2020, at 8:00 a.m. ET, featuring President & CEO Jeff Rittichier and CFO Tom Minichiello. The call will be available for live attendance and will also be webcast on the company's official website.
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.
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