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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 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.
EMCORE Corporation (Nasdaq: EMKR) has launched the SDC500 MEMS Inertial Measurement Unit (IMU) designed for high-precision applications in civil aerospace, commercial, industrial, and marine sectors. This IMU offers performance-cost options with accuracy from 1°/hr gyro to 20°/hr gyro, allowing customers to select according to their needs. Built on EMCORE's advanced quartz technology, it provides enhanced precision and noise immunity. The SDC500 is available for immediate shipment and is not ITAR controlled, facilitating global access.
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.
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