Announcement • Mar 12
Emcore Files Form 15 Emcore Corporation has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Common Stock under the Securities Exchange Act of 1934, as amended. Announcement • Dec 31
Emcore Corporation announced delayed annual 10-K filing On 12/30/2024, Emcore Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Nov 08
Aerosphere Power Inc. entered into an Agreement and Plan of Merger to acquire EMCORE Corporation (NasdaqCM:EMKR) for $31.4 million. Aerosphere Power Inc. entered into an Agreement and Plan of Merger to acquire EMCORE Corporation (NasdaqCM:EMKR) for $31.4 million on November 7, 2024. The purchase price is $3.10 per share in cash. Upon termination of the Merger Agreement under specified limited circumstances, EMCORE will be required to pay Aerosphere a termination fee of $1.5 million. Upon termination of the merger agreement under other specified limited circumstances, Aerosphere will be required to pay EMCORE a termination fee of $2.0 million.
Consummation of the merger is subject to the satisfaction or waiver of customary closing conditions including: (1) approval by the EMCORE’s shareholders of the merger agreement and the transactions contemplated by the merger agreement, (2) the absence of any laws or orders by a governmental entity having jurisdiction over any party to the merger agreement that make illegal, enjoin, or prohibit consummation of the merger or the transactions contemplated by the merger agreement, and (3) the absence of a Company Material Adverse Effect between the date of the Merger Agreement the closing of the Merger. The board of directors of Velocity One and EMCORE has unanimously approved the transaction. Skyway Capital Markets, LLC and Launch Point Partners LLC are acting as buyside financial advisors to Velocity One, parent company of Aerosphere Power. Curt Creely and Kevin Shuler of Foley & Lardner LLP is serving as legal counsel to Velocity One. Craig-Hallum Capital Group LLC is acting as exclusive financial advisor to EMCORE, and James J. Masetti and Drew Simon-Rooke of Pillsbury Winthrop Shaw Pittman LLP is serving as legal counsel to EMCORE. EMCORE Board has received the oral opinion of Craig-Hallum Capital. Announcement • Oct 01
Mobix Labs, Inc. (NasdaqGM:MOBX) submitted a compelling non-binding proposal to acquire EMCORE Corporation (NasdaqCM:EMKR) for $34.5 million. Mobix Labs, Inc. (NasdaqGM:MOBX) submitted a compelling non-binding proposal to acquire EMCORE Corporation (NasdaqCM:EMKR) for $34.5 million on September 30, 2024. Mobix Labs to acquire EMCORE Corporation (NasdaqCM:EMKR) for $3.80 per share in cash. Mobix Labs’ all cash proposed offer to the EMCORE Board represents a more than 200% premium over EMCORE's current stock price as of September 27, 2024. Mobix Labs’ proposal has the support of its Board of Directors. Mobix Labs’ all cash offer is subject to the approval of the EMCORE Board of Directors, the execution of a definitive agreement between Mobix Labs and EMCORE, and any shareholder approval that may be required by law. Announcement • Aug 13
EMCORE Corporation announced delayed 10-Q filing On 08/12/2024, EMCORE Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Aug 07
EMCORE Corporation Provides Revenue Guidance for the Fourth Quarter of 2024 EMCORE Corporation provided revenue guidance for the fourth quarter of 2024. For the quarter, the company expects revenue to be in the range of $20 million to $22 million combined with ongoing cost reductions and an additional quarter of strong bookings. Announcement • Jul 31
EMCORE Corporation to Report Q3, 2024 Results on Aug 06, 2024 EMCORE Corporation announced that they will report Q3, 2024 results After-Market on Aug 06, 2024 Announcement • May 15
EMCORE Corporation announced delayed 10-Q filing On 05/13/2024, EMCORE Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 03
EMCORE Corporation to Report Q2, 2024 Results on May 08, 2024 EMCORE Corporation announced that they will report Q2, 2024 results After-Market on May 08, 2024 Announcement • Feb 13
EMCORE Corporation announced delayed 10-Q filing On 02/12/2024, EMCORE Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Feb 01
EMCORE Corporation to Report Q1, 2024 Results on Feb 08, 2024 EMCORE Corporation announced that they will report Q1, 2024 results After-Market on Feb 08, 2024 Announcement • Jan 27
EMCORE Corporation, Annual General Meeting, Mar 15, 2024 EMCORE Corporation, Annual General Meeting, Mar 15, 2024, at 08:00 Pacific Standard Time. Location: Hilton Pasadena, 168 S. Los Robles Ave. Pasadena California United States Agenda: To consider the election of directors; to consider the approval of an amendment to the EMCORE Corporation Restated Certificate of Incorporation, as amended to effect, at the sole discretion of the Board of Directors, a reverse stock split of the Company’s outstanding common stock at a ratio ranging from 5:1 to 12:1, with such ratio to be determined by the Board of Directors; to consider the approval of, subject to the Board of Directors’ discretion to adopt, an amendment to the Certificate of Incorporation to increase the number of authorized shares of common stock from 100,000,000 shares to 150,000,000 shares; to consider the ratification of the approval of the Company’s Section 382 Tax Benefits Preservation Plan; to consider the approval of an amendment to the EMCORE Corporation Amended and Restated 2019 Equity Incentive Plan to increase the number of shares of common stock available for issuance under the plan by 7,890,000 shares; to consider the other resolutions. Announcement • Dec 16
EMCORE Corporation announced delayed annual 10-K filing On 12/15/2023, EMCORE Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Dec 13
Full year 2023 earnings released: US$0.96 loss per share (vs US$0.65 loss in FY 2022) Full year 2023 results: US$0.96 loss per share (further deteriorated from US$0.65 loss in FY 2022). Revenue: US$97.7m (down 21% from FY 2022). Net loss: US$49.4m (loss widened 103% from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Communications industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. Announcement • Dec 13
EMCORE Corporation Provides Revenue Guidance for Fiscal First Quarter (1Q24) Ending December 31, 2023 EMCORE Corporation provided revenue guidance for the fiscal first quarter (1Q24) ending December 31, 2023. The company expects revenue to be in the range of $26 million to $28 million. Announcement • Dec 05
EMCORE Corporation to Report Q4, 2023 Results on Dec 12, 2023 EMCORE Corporation announced that they will report Q4, 2023 results After-Market on Dec 12, 2023 New Risk • Sep 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$35m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$35m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Market cap is less than US$100m (€37.6m market cap, or US$40.1m). Announcement • Aug 19
EMCORE Corporation has completed a Follow-on Equity Offering in the amount of $15.776087 million. EMCORE Corporation has completed a Follow-on Equity Offering in the amount of $15.776087 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,652,174
Price\Range: $0.5
Discount Per Security: $0.035
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 11,900,000
Price\Range: $0.5
Discount Per Security: $0.035 New Risk • Aug 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 97% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (97% increase in shares outstanding). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$35m). Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Market cap is less than US$100m (€32.3m market cap, or US$35.1m). Announcement • Aug 10
EMCORE Corporation Provides Revenue Guidance for the Fourth Quarter Ending September 30, 2023 EMCORE Corporation provided revenue guidance for the fourth quarter ending September 30, 2023. For the period, the company expected revenue to be in the range of $25 million to $27 million. This excludes Non-Inertial Navigation revenue expected to be recognized in fourth quarter of 2023. New Risk • Aug 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$36m). Currently unprofitable and not forecast to become profitable next year (US$17m net loss next year). Shareholders have been diluted in the past year (44% increase in shares outstanding). Market cap is less than US$100m (€40.1m market cap, or US$44.2m). Reported Earnings • Aug 09
Third quarter 2023 earnings released: US$0.18 loss per share (vs US$0.20 loss in 3Q 2022) Third quarter 2023 results: US$0.18 loss per share. Revenue: US$26.7m (up 13% from 3Q 2022). Net loss: US$9.86m (loss widened 29% from 3Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Communications industry in Europe. Announcement • Aug 03
EMCORE Corporation to Report Q3, 2023 Results on Aug 08, 2023 EMCORE Corporation announced that they will report Q3, 2023 results on Aug 08, 2023 Announcement • Jun 30
EMCORE Receives A Letter from the Nasdaq Stock Market Regarding Minimum Bid Price Requirement On June 23, 2023, EMCORE Corporation received a letter from The Nasdaq Stock Market LLC stating that the Company was not in compliance with the minimum bid price requirements set in Nasdaq Listing Rule 5450(a)(1) because the Company's common stock failed to maintain a minimum closing bid price of $1.00 per share for 30 consecutive business days. To regain compliance, the closing bid price of the Company’s common stock must be at least $1.00 per share for a minimum of 10 consecutive business days at any time prior to December 20, 2023. In the event that the Company does not regain compliance by December 20, 2023, the Company may be eligible for additional time to reach compliance with the minimum bid price requirement. The Notification Letter has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. The Company intends to actively monitor the bid price for its common stock between now and December 20, 2023 (or any extension thereof), and will consider available options to resolve the deficiency and regain compliance with the minimum bid price requirement. Reported Earnings • May 08
Second quarter 2023 earnings released: US$0.27 loss per share (vs US$0.06 loss in 2Q 2022) Second quarter 2023 results: US$0.27 loss per share (further deteriorated from US$0.06 loss in 2Q 2022). Revenue: US$26.8m (down 18% from 2Q 2022). Net loss: US$12.2m (loss widened 450% from 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • May 06
EMCORE Corporation Provides Earnings Guidance for the Third Quarter Ending June 30, 2023 EMCORE Corporation provided earnings guidance for the third quarter ending June 30, 2023. The company expects revenue for the fiscal third quarter ending June 30, 2023 to be in the range of $25 million to $27 million, including approximately $1 million of non-inertial navigation revenue. Board Change • Mar 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Director Noel Heiks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 17
EMCORE Corporation has completed a Follow-on Equity Offering in the amount of $17.000001 million. EMCORE Corporation has completed a Follow-on Equity Offering in the amount of $17.000001 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 15,454,546
Price\Range: $1.1
Discount Per Security: $0.077 Announcement • Feb 09
EMCORE Corporation Provides Revenue Guidance for the Second Quarter Ending March 31, 2023 EMCORE Corporation provided revenue guidance for the second quarter ending March 31, 2023. The company expects revenue for second quarter 2023 ending March 31, 2023 to be in the range of $27 million to $29 million. Announcement • Feb 02
EMCORE Corporation to Report Q1, 2023 Results on Feb 08, 2023 EMCORE Corporation announced that they will report Q1, 2023 results After-Market on Feb 08, 2023 Announcement • Jan 22
EMCORE Corporation, Annual General Meeting, Mar 10, 2023 EMCORE Corporation, Annual General Meeting, Mar 10, 2023, at 08:00 Pacific Standard Time. Location: Hilton Pasadena, 168 S Los Robles Ave Pasadena California United States Agenda: To elect the five (5) director; to approve an amendment to the EMCORE Corporation Amended and Restated 2019 Equity Incentive Plan to increase the number of shares of common stock available for issuance under the 2019 Equity Incentive Plan by 1,549,000 shares; to approve on an advisory basis the executive compensation of the Company’s Named Executive Officers; to ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023; and to transact such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Announcement • Dec 21
EMCORE Corporation Provides Earnings Guidance for the Fiscal 2023 First Quarter Ending December 31, 2022 EMCORE Corporation provided earnings guidance for the fiscal 2023 first quarter ending December 31, 2022. For the year, the company expected to be in the range of $25 million to $27 million. Announcement • Dec 07
EMCORE Introduces New TAC-450 IMUs Integrated with PIC Technology, Tactical-grade Gyros, and Inertial-grade Accelerometers MCORE Corporation announced the introduction of the TAC-450 line of Inertial Measurement Units (IMUs), which includes three high-performance IMUs with tactical-grade photonic Fiber Optic Gyros (FOGs), and features EMCORE's patented Photonic Integrated Chip (PIC) technology. The EMCORE TAC-450 line of IMUs are offered in a compact housing resulting in a smaller, lighter package that expands the types of potential autonomous applications that can use EMCORE’s new IMU technology. The PIC Inside™ design with lower power electronics also delivers exceptional product life and reliability with outstanding shock/vibration tolerance. Each TAC-450 IMU offers dynamic and precise sensor performance providing exceptional navigation capability and environmental robustness for challenging applications. The TAC-450 IMUs, which include the TAC-450-360, -340, and -320, are designed with high bandwidth, low-noise, photonic gyros and are available in a variety of performance levels with inertial-grade accelerometers and magnetometer options. Accelerometers used in the TAC-450 IMUs offer significant sensitivity and accuracy in their dynamic ranges. This means EMCORE TAC-450 IMUs are designed to deliver excellent drift (bias stability) and noise (velocity random walk) performance. TAC-450 IMUs also feature easy integration with flexible power and communications interfaces, robust performance and survivability, and increased product life due to the PIC technology. Faster gyro response and measurements for highly dynamic applications are available in the TAC-450-320 and -340. Backward compatibility to popular IMUs with exportable, dual-use technology makes all new TAC-450 IMUs easy to integrate with a flexible interface and programmable message outputs. EMCORE TAC-450 IMUs are designed for the most challenging applications, including autonomous trucks and people movers, drones, AUVs, ROVs, and platform stabilization. The industries that leverage these applications include transportation, military, agriculture, construction, and mining. With the new TAC-450-360, TAC-450-340, and TAC-450-320 IMUs, EMCORE provides multiple options for engineers seeking improved performance and a choice of low-noise, high-performance inertial-grade MEMS accelerometers supporting up to 100g at a more favorable price than comparable offerings. Announcement • Nov 24
EMCORE Corporation Announces the Termination of Albert Lu as SVP & GM, Aerospace & Defense, Effective November 25, 2022 On November 20, 2022, Albert Lu's employment with EMCORE Corporation as its SVP & GM, Aerospace & Defense was terminated, effective November 25, 2022. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Noel Heiks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Noel Heiks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Noel Heiks was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 11
Third quarter 2022 earnings released: US$0.20 loss per share (vs US$0.37 profit in 3Q 2021) Third quarter 2022 results: US$0.20 loss per share (down from US$0.37 profit in 3Q 2021). Revenue: US$23.7m (down 45% from 3Q 2021). Net loss: US$7.65m (down 156% from profit in 3Q 2021). Over the next year, revenue is expected to shrink by 6.7% compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 11
EMCORE Corporation (NasdaqGM:EMKR) acquired Fiber Optic Gyroscope (FOG) and Inertial Navigation Systems business segment of KVH Industries, Inc for $55.0 million. EMCORE Corporation (NasdaqGM:EMKR) acquired Fiber Optic Gyroscope (FOG) and Inertial Navigation Systems business segment of KVH Industries, Inc for $55.0 million on June 30, 2022. The transaction is subject to working capital adjustments and is an all-cash transaction. Cowen served as financial advisor to EMCORE and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to EMCORE in connection with the KVH transaction. EMCORE Corporation (NasdaqGM:EMKR) completed the acquisition of Fiber Optic Gyroscope (FOG) and Inertial Navigation Systems business segment of KVH Industries, Inc on June 30, 2022 Announcement • Aug 10
Emcore Corporation Provides Revenue Guidance for the Fourth Quarter Ending September 30, 2022 EMCORE Corporation provided revenue guidance for the fourth quarter ending September 30, 2022. For the quarter, the company expects revenue to be in the range of $24 million to $26 million, inclusive of a partial quarter revenue from the acquisition. Announcement • Jul 30
EMCORE Corporation to Report Q3, 2022 Results on Aug 09, 2022 EMCORE Corporation announced that they will report Q3, 2022 results After-Market on Aug 09, 2022 Reported Earnings • May 06
Second quarter 2022 earnings released: US$0.06 loss per share (vs US$0.13 profit in 2Q 2021) Second quarter 2022 results: US$0.06 loss per share (down from US$0.13 profit in 2Q 2021). Revenue: US$32.7m (down 15% from 2Q 2021). Net loss: US$2.23m (down 151% from profit in 2Q 2021). Over the next year, revenue is expected to shrink by 19% compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 05
EMCORE Corporation Provides Revenue Guidance for the Third Quarter Ending June 30, 2022 EMCORE Corporation provides revenue guidance for the third quarter ending June 30, 2022. The Company expects revenue for the fiscal 2022 third quarter ending June 30, 2022 to be in the range of $25 million to $27 million, inclusive of an estimated $3.5 million of partial quarter revenue from the Space & Navigation business that was acquired from L3Harris Technologies Inc. in April 2022. Announcement • May 03
EMCORE Corporation (NasdaqGM:EMKR) completed it's acquisition of Business and Assets and Liabilities of L3Harris Technologies, Inc. (NYSE:LHX) for approximately $5 million. EMCORE Corporation (NasdaqGM:EMKR) entered into a definitive agreement to acquire Business and Assets and Liabilities of L3Harris Technologies, Inc. (NYSE:LHX) for approximately $5 million on February 14, 2022. The transaction is subject to customary closing conditions and is currently expected to close in the quarter ending June 30, 2022. The transaction is expected to be EPS non-GAAP EPS accretive sometime in the year -- first year. Tom McAleavey of Holland & Knight LLP acted as a legal advisor to L3Harris Technologies, Inc. James J. Masetti of Pillsbury Winthrop Shaw Pittman LLP acted as a legal advisor to EMCORE Corporation.
EMCORE Corporation (NasdaqGM:EMKR) completed it's acquisition of Business and Assets and Liabilities of L3Harris Technologies, Inc. (NYSE:LHX) for approximately $5 million on May 02, 2022. Announcement • Apr 22
EMCORE Corporation to Report Q2, 2022 Results on May 04, 2022 EMCORE Corporation announced that they will report Q2, 2022 results After-Market on May 04, 2022 Announcement • Mar 03
Emcore Corporation Introduces Model 1995 High-Power Tosa Dfb Laser for Lidar and Autonomous Vehicles At Ofc EMCORE Corporation announced its new Model 1995 1550 nm High-Power Continuous Wavelength (CW) Source Distributed Feedback(DFB) Laser for LiDAR and autonomous vehicle applications. The model 1995 laser is designed in a cooled TOSA (Transmission Optical Sub Assembly) form-factor in a hermeticTO56 package with 6+1 pins and is characterized for use as a Continuous Wavelength (CW) coherent optical source laser for LiDAR technology. The 1995 laser incorporates a high-isolation and high-efficiency coupling scheme to deliver 15 dBm of CW optical power with excellent spectral coherence. It expands EMCOREs product offerifor LiDAR which also includes the Model 1790 1550 nm High Power CW Source Laser for LiDAR in EMCORs classic 14-pin butterfly package. Announcement • Feb 17
EMCORE Corporation (NasdaqGM:EMKR) entered into a definitive agreement to acquire Business and Assets and Liabilities of L3Harris Technologies, Inc. (NYSE:LHX) for approximately $5 million. EMCORE Corporation (NasdaqGM:EMKR) entered into a definitive agreement to acquire Business and Assets and Liabilities of L3Harris Technologies, Inc. (NYSE:LHX) for approximately $5 million on February 14, 2022. The transaction is subject to customary closing conditions and is currently expected to close in the quarter ending June 30, 2022. The transaction is expected to be EPS non-GAAP EPS accretive sometime in the year -- first year. Tom McAleavey of Holland & Knight LLP acted as a legal advisor to L3Harris Technologies, Inc. James J. Masetti of Pillsbury Winthrop Shaw Pittman LLP acted as a legal advisor to EMCORE Corporation. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 32% share price decline to €3.44, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Communications industry in Europe. Total loss to shareholders of 4.4% over the past three years. Reported Earnings • Feb 10
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: US$0.065 (down from US$0.087 in 1Q 2021). Revenue: US$42.2m (up 26% from 1Q 2021). Net income: US$2.41m (down 6.0% from 1Q 2021). Profit margin: 5.7% (down from 7.7% in 1Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.7%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 10
EMCORE Corporation Provides Revenue Guidance for the Second Quarter Ending March 31, 2022 EMCORE Corporation provided revenue guidance for the second quarter ending March 31, 2022. The company expects revenue for the fiscal 2022 second quarter ending March 31, 2022 to be in the range of $32 million to $34 million. Announcement • Jan 30
EMCORE Corporation to Report Q1, 2022 Results on Feb 09, 2022 EMCORE Corporation announced that they will report Q1, 2022 results After-Market on Feb 09, 2022 Buying Opportunity • Jan 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be US$6.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% per annum over the last 3 years. The company has become profitable over the last year. Announcement • Dec 02
EMCORE Corporation Provides Revenue Guidance for the First Quarter Ending December 31, 2021 EMCORE Corporation provided revenue guidance for the first quarter ending December 31, 2021. For the period, the company expects revenue to be in the range of $41 million to $43 million. Reported Earnings • Dec 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.75 (up from US$0.24 loss in FY 2020). Revenue: US$158.4m (up 44% from FY 2020). Net income: US$25.6m (up US$32.6m from FY 2020). Profit margin: 16% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$5.80, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 28x in the Communications industry in Europe. Total returns to shareholders of 44% over the past three years. Recent Insider Transactions • Aug 18
CEO, President & Director recently sold €134k worth of stock On the 13th of August, Jeffrey Rittichier sold around 20k shares on-market at roughly €6.69 per share. This was the largest sale by an insider in the last 3 months. This was Jeffrey's only on-market trade for the last 12 months. Reported Earnings • Aug 06
Third quarter 2021 earnings released: EPS US$0.37 (vs US$0.044 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$42.7m (up 56% from 3Q 2020). Net income: US$13.6m (up US$14.9m from 3Q 2020). Profit margin: 32% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improved over the past week After last week's 18% share price gain to US$6.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Communications industry in Europe. Total returns to shareholders of 57% over the past three years. Announcement • May 07
EMCORE Corporation Provides Revenue Guidance for the Fiscal 2021 Third Quarter Ending June 30, 2021 EMCORE Corporation provided revenue guidance for the fiscal 2021 third quarter ending June 30, 2021. The company expects revenue for the fiscal 2021 third quarter ending June 30, 2021 to be in the range of $40 million to $42 million. Reported Earnings • May 07
Second quarter 2021 earnings released: EPS US$0.13 (vs US$0.17 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$38.4m (up 61% from 2Q 2020). Net income: US$4.38m (up US$9.47m from 2Q 2020). Profit margin: 11% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Announcement • Apr 29
EMCORE Corporation Announces Introduction of SDI170 Quartz MEMS EMCORE Corporation announced the introduction of its new SDI170 Quartz MEMS (Micro-Electromechanical Systems) Tactical Grade Inertial Measurement Unit (IMU) designed as a form, fit, and function compatible replacement for the HG1700-AG58 Ring Laser Gyroscope (RLG) IMU, but with superior overall performance, versatility, and a significantly higher MTBF (Mean Time Before Failure) rating over ruggedized environments. EMCORE’s SDI170 IMU is ideal for continuous use applications with no wear-out components and delivers highly linear accelerometer performance and longer life compared to the HG1700 IMU. It is non-ITAR (International Traffic in Arms Regulations) controlled and has completed extensive internal and external customer testing to confirm compatibility to replace legacy products. The unit is designed for a wide range of high-precision, integrated commercial and defense applications including aircraft AHRS (Attitude Heading Reference Systems), GPS-aided navigation, ground surveying, mobile mapping, ROVs, autonomous vehicles, tactical weapons, and stabilization platforms. EMCORE’s SDI170 IMU performs in highly dynamic ±1,074 deg/sec and ±50 G standard (±70 G optional) linear acceleration conditions and delivers 1°/hr gyro bias and 1 mg accelerometer bias stability with very low 0.02°/vhr Angle Random Walk (ARW) over a wide -55 °C to +85 °C temperature range in vibration environments. The ARW performance of the SDI170 is 5X better than the legacy RLG IMU it is designed to replace, and its tactical performance is based on the dependable, accurate quartz MEMS inertial sensor technology in EMCORE’s SDI500 tactical grade IMU1. EMCORE’s quartz technology enables repeatable high-volume production of precisely machined sensor structures combined with the inherent large signal output and thermal stability of quartz materials. In addition to EMCORE’s latest generation solid-state hermetically sealed quartz gyroscopes and accelerometers, the SDI170 IMU (like the HG1700-AG58) communicates using the high-speed SDLC protocol over the industry-standard RS-422 electrical interface for seamless compatibility and outstanding precision performance. With continuous BIT (Built-in Test) monitoring and EMI (Electromagnetic Interference) protection designed into a compact 33 cubic inch package, EMCORE’s SDI170 will provide reliable 20-year operating and storage life without calibration in demanding, mission-critical environments. The SDI170 is expected to be available for high-rate order shipment with short lead times beginning in June 2021. Announcement • Feb 12
EMCORE Corporation has completed a Follow-on Equity Offering in the amount of $31.25 million. EMCORE Corporation has completed a Follow-on Equity Offering in the amount of $31.25 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,787,037
Price\Range: $5.4 Reported Earnings • Feb 05
First quarter 2021 earnings released: EPS US$0.087 (vs US$0.046 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$33.4m (up 31% from 1Q 2020). Net income: US$2.57m (up US$3.90m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 05
New 90-day high: €5.00 The company is up 72% from its price of €2.90 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.37 per share. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.7%. Over the next year, revenue is forecast to grow 18%, compared to a 1.5% growth forecast for the Communications industry in Germany. Announcement • Jan 26
EMCORE Corporation to Report Q1, 2021 Results on Feb 03, 2021 EMCORE Corporation announced that they will report Q1, 2021 results After-Market on Feb 03, 2021 Announcement • Jan 22
EMCORE Corporation, Annual General Meeting, Mar 19, 2021 EMCORE Corporation, Annual General Meeting, Mar 19, 2021, at 08:00 Pacific Standard Time. Agenda: To approve election of Directors; to ratify the appointment of KPMG LLP as EMCORE’s independent registered public accounting firm for the fiscal year ending September 30, 2021; to approve the Amended and Restated EMCORE Corporation 2019 Equity Incentive Plan (the “Equity Plan”) to increase the number of shares of common stock available for issuance under the Equity Plan by 2,138,000 shares; to approve, on an advisory basis, the executive compensation of EMCORE’s Named Executive Officer; and to transact such other business as may properly come before the Annual Meeting and any adjournments or postponements thereof. Is New 90 Day High Low • Dec 30
New 90-day high: €4.36 The company is up 57% from its price of €2.78 on 01 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.43 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €3.74 The company is up 34% from its price of €2.80 on 16 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.79 per share. Reported Earnings • Dec 09
Full year 2020 earnings released: US$0.24 loss per share The company reported a solid full year result with reduced losses and improved revenues and control over expenses. Full year 2020 results: Revenue: US$110.1m (up 26% from FY 2019). Net loss: US$7.00m (loss narrowed 81% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Dec 09
Revenue beats expectations Revenue exceeded analyst estimates by 0.03%. Over the next year, revenue is forecast to grow 19%, compared to a 2.2% growth forecast for the Communications industry in Germany. Analyst Estimate Surprise Post Earnings • Dec 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.03%. Over the next year, revenue is forecast to grow 19%, compared to a 2.2% growth forecast for the Communications industry in Germany. Reported Earnings • Dec 03
Full year 2020 earnings released: US$0.24 loss per share The company reported a solid full year result with reduced losses and improved revenues and control over expenses. Full year 2020 results: Revenue: US$110.1m (up 26% from FY 2019). Net loss: US$7.00m (loss narrowed 81% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.