Inrad Optics
Inrad Optics, Inc., together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies in the United States. The last earnings update was 124 days ago. More info.
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- Inrad Optics has significant price volatility in the past 3 months.
INRD Share Price and Events
7 Day Returns
1 Year Returns
INRD Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Inrad Optics (INRD) | 8.7% | 66% | 37.5% | 78.6% | 232.4% | 346.4% |
| US Electronic | 2.4% | 1.2% | 19.1% | -0.7% | 59.1% | 59.5% |
| US Market | 2.4% | 1.7% | 11.9% | 1.9% | 38.2% | 42.4% |
1 Year Return vs Industry and Market
- INRD outperformed the Electronic industry which returned -0.7% over the past year.
- INRD outperformed the Market in United States of America which returned 1.9% over the past year.
Value
Is Inrad Optics undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Inrad Optics
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Inrad Optics.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 9.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Electronic Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (16.21%)) |
1.14 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.14 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.14 * 5.96%) |
9.52% |
Discounted Cash Flow Calculation for OTCPK:INRD using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Inrad Optics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.52%) |
|
|---|---|---|---|
| 2019 | 0.31 | Est @ -5.36% | 0.29 |
| 2020 | 0.30 | Est @ -2.93% | 0.25 |
| 2021 | 0.30 | Est @ -1.24% | 0.23 |
| 2022 | 0.30 | Est @ -0.05% | 0.21 |
| 2023 | 0.30 | Est @ 0.79% | 0.19 |
| 2024 | 0.31 | Est @ 1.37% | 0.18 |
| 2025 | 0.31 | Est @ 1.78% | 0.17 |
| 2026 | 0.32 | Est @ 2.06% | 0.15 |
| 2027 | 0.33 | Est @ 2.26% | 0.14 |
| 2028 | 0.33 | Est @ 2.4% | 0.13 |
| Present value of next 10 years cash flows | $1.95 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $0.33 × (1 + 2.73%) ÷ (9.52% – 2.73%) |
$5.06 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $5.06 ÷ (1 + 9.52%)10 |
$2.04 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1.95 + $2.04 |
$3.99 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3.99 / 13.63 |
$0.29 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $0.29 |
| Current discount | Discount to share price of
$1.25
= -1 x ($1.25 - $0.29) / $0.29 |
-327.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Inrad Optics is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Inrad Optics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Inrad Optics's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in USD | $0.03 |
| OTCPK:INRD Share Price ** | OTCPK (2019-03-18) in USD | $1.25 |
| United States of America Electronic Industry PE Ratio | Median Figure of 92 Publicly-Listed Electronic Companies | 19.59x |
| United States of America Market PE Ratio | Median Figure of 3,055 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Inrad Optics.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = OTCPK:INRD Share Price ÷ EPS (both in USD) = 1.25 ÷ 0.03 |
35.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Inrad Optics is overvalued based on earnings compared to the US Electronic industry average.
- Inrad Optics is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Inrad Optics's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 35.98x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| United States of America Electronic Industry PEG Ratio | Median Figure of 60 Publicly-Listed Electronic Companies | 1.38x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Inrad Optics, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Inrad Optics's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in USD | $0.18 |
| OTCPK:INRD Share Price * | OTCPK (2019-03-18) in USD | $1.25 |
| United States of America Electronic Industry PB Ratio | Median Figure of 151 Publicly-Listed Electronic Companies | 2.11x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = OTCPK:INRD Share Price ÷ Book Value per Share (both in USD) = 1.25 ÷ 0.18 |
7.05x |
* Primary Listing of Inrad Optics.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Inrad Optics is overvalued based on assets compared to the US Electronic industry average.
Value checks
We assess Inrad Optics's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) Inrad Optics has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Inrad Optics expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Inrad Optics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Inrad Optics's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Inrad Optics's earnings growth to the United States of America market average as no estimate data is available.
- Unable to compare Inrad Optics's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 17% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 11 | 0 | 0 |
| 2018-06-30 | 11 | 0 | 0 |
| 2018-03-31 | 11 | 0 | 0 |
| 2017-12-31 | 10 | 0 | -1 |
| 2017-09-30 | 10 | 0 | -1 |
| 2017-06-30 | 10 | 0 | -1 |
| 2017-03-31 | 10 | 1 | 0 |
| 2016-12-31 | 10 | 1 | -1 |
| 2016-09-30 | 10 | 1 | -1 |
| 2016-06-30 | 10 | 0 | -1 |
| 2016-03-31 | 10 | 0 | -1 |
| 2015-12-31 | 10 | 0 | 0 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Inrad Optics Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.03 |
| 2018-06-30 | 0.01 |
| 2018-03-31 | -0.01 |
| 2017-12-31 | -0.05 |
| 2017-09-30 | -0.05 |
| 2017-06-30 | -0.05 |
| 2017-03-31 | -0.04 |
| 2016-12-31 | -0.05 |
| 2016-09-30 | -0.08 |
| 2016-06-30 | -0.06 |
| 2016-03-31 | -0.07 |
| 2015-12-31 | -0.04 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Inrad Optics will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Inrad Optics's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Inrad Optics has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Inrad Optics performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Inrad Optics has delivered over 20% year on year earnings growth in the past 5 years.
- Inrad Optics has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Inrad Optics has become profitable in the last year making it difficult to compare the US Electronic industry average.
Earnings and Revenue History
All data from Inrad Optics Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 11.37 | 0.47 | 2.24 | |
| 2018-06-30 | 11.11 | 0.12 | 2.30 | |
| 2018-03-31 | 11.00 | -0.13 | 2.42 | |
| 2017-12-31 | 9.86 | -0.68 | 2.42 | |
| 2017-09-30 | 9.64 | -0.63 | 2.43 | |
| 2017-06-30 | 9.55 | -0.63 | 2.36 | |
| 2017-03-31 | 9.58 | -0.49 | 2.36 | |
| 2016-12-31 | 9.77 | -0.61 | 2.45 | |
| 2016-09-30 | 9.83 | -0.97 | 2.48 | |
| 2016-06-30 | 10.19 | -0.79 | 2.49 | |
| 2016-03-31 | 10.31 | -0.90 | 2.55 | |
| 2015-12-31 | 10.49 | -0.48 | 2.54 | |
| 2015-09-30 | 10.78 | -0.57 | 2.61 | |
| 2015-06-30 | 10.89 | -0.80 | 2.77 | |
| 2015-03-31 | 10.35 | -1.62 | 2.91 | |
| 2014-12-31 | 9.73 | -2.51 | 3.04 | |
| 2014-09-30 | 9.75 | -2.59 | 3.09 | |
| 2014-06-30 | 9.60 | -2.74 | 3.09 | |
| 2014-03-31 | 10.06 | -2.36 | 3.11 | |
| 2013-12-31 | 11.24 | -1.65 | 3.17 | |
| 2013-09-30 | 11.31 | -1.72 | 3.20 | |
| 2013-06-30 | 11.45 | -1.76 | 3.31 | |
| 2013-03-31 | 11.64 | -1.44 | 3.31 | |
| 2012-12-31 | 11.40 | -1.42 | 3.34 | |
| 2012-09-30 | 12.01 | -0.62 | 3.37 | |
| 2012-06-30 | 12.44 | -0.26 | 3.32 | |
| 2012-03-31 | 12.78 | -0.02 | 3.30 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Inrad Optics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Inrad Optics used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
- Inrad Optics has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
Past performance checks
We assess Inrad Optics's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Inrad Optics has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Inrad Optics's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Inrad Optics's finances.
The net worth of a company is the difference between its assets and liabilities.
- Inrad Optics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Inrad Optics's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Inrad Optics Company Filings, last reported 5 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 2.42 | 2.76 | 0.89 |
| 2018-06-30 | 2.08 | 2.76 | 0.70 |
| 2018-03-31 | 1.96 | 2.77 | 0.49 |
| 2017-12-31 | 1.69 | 2.77 | 0.80 |
| 2017-09-30 | 1.78 | 2.77 | 0.57 |
| 2017-06-30 | 1.81 | 2.79 | 0.62 |
| 2017-03-31 | 1.91 | 2.83 | 0.77 |
| 2016-12-31 | 2.18 | 2.88 | 0.97 |
| 2016-09-30 | 2.24 | 2.92 | 1.32 |
| 2016-06-30 | 2.27 | 2.96 | 0.87 |
| 2016-03-31 | 2.23 | 3.01 | 0.51 |
| 2015-12-31 | 2.62 | 3.05 | 0.67 |
| 2015-09-30 | 3.04 | 3.09 | 1.07 |
| 2015-06-30 | 2.90 | 3.13 | 0.77 |
| 2015-03-31 | 3.02 | 3.17 | 1.00 |
| 2014-12-31 | 3.00 | 3.21 | 1.00 |
| 2014-09-30 | 3.51 | 3.25 | 0.88 |
| 2014-06-30 | 3.59 | 3.29 | 0.96 |
| 2014-03-31 | 4.52 | 3.33 | 2.00 |
| 2013-12-31 | 5.36 | 3.37 | 2.45 |
| 2013-09-30 | 5.93 | 3.41 | 2.65 |
| 2013-06-30 | 6.14 | 3.45 | 2.47 |
| 2013-03-31 | 6.67 | 3.48 | 2.60 |
| 2012-12-31 | 6.79 | 3.52 | 3.09 |
| 2012-09-30 | 7.41 | 3.56 | 3.25 |
| 2012-06-30 | 7.64 | 2.83 | 3.12 |
| 2012-03-31 | 7.92 | 2.83 | 3.87 |
- Inrad Optics's level of debt (114.3%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (57.5% vs 114.3% today).
- Debt is not well covered by operating cash flow (16.9%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 4.1x coverage).
Financial health checks
We assess Inrad Optics's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Inrad Optics has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Inrad Optics's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Inrad Optics
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Inrad Optics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Inrad Optics's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 38 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Inrad Optics has not reported any payouts.
- Unable to verify if Inrad Optics's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Inrad Optics's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Inrad Optics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Inrad Optics has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $210,103 |
| AGE | 58 |
| TENURE AS CEO | 6.4 years |
CEO Bio
Ms. Amy Eskilson has been the Chief Executive Officer and President of Inrad Optics, Inc. since October 1, 2012. Ms. Eskilson served as a Vice President of Sales and Marketing at Photonic Products Group Inc., since joining in February 7, 2011 until October 1, 2012. She has a wealth of experience in the photonics sector. she was with Thorlabs, Inc. and served as a Director of Business Development for the photonic components catalog. She worked closely with senior management of photonics companies worldwide, premier university research groups and government entities. She is a well known as a highly committed customer advocate. She fostered the development of multiple partner companies and executed both technology transfers and IP license agreements. She served as the Thorlabs inside sales and technical support manager and served in various marketing roles beginning in 1992. During her tenure at Thorlabs, she was also involved in photonic startups Nova Phase, Inc., Menlo Systems, Inc. and Idesta Quantum Electronics. She has been a Director of Inrad Optics, Inc., since October 1, 2012. Ms. Eskilson received her BA in Communications in 1985 from Montclair State University.
CEO Compensation
- Amy's compensation has increased in line with Inrad Optics recently becoming profitable.
- Amy's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Inrad Optics management team in years:
- The average tenure for the Inrad Optics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Amy Eskilson
CEO, President & Director
$210K
58
6.4 yrs
Bill Foote
Executive VP
$167K
67
George Murray
Vice President of Sales & Marketing
$154K
53
6.2 yrs
Elias Kabous
Interim CFO
62
0.4 yrs
Board of Directors Tenure
Average tenure and age of the Inrad Optics board of directors in years:
- The tenure for the Inrad Optics board of directors is about average.
Board of Directors
Jan Winston
Chairman
$25K
81
9.8 yrs
Amy Eskilson
CEO, President & Director
$210K
58
6.4 yrs
Bill Foote
Executive VP
$167K
67
1.4 yrs
Luke LaValle
Independent Director
$20K
76
13.5 yrs
N. E. Strandlund
Director
$20K
74
10.2 yrs
Dennis Romano
Independent Director
$20K
75
9.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Jun 18 | Sell | Thomas Caughey | Individual | 30. May 18 | 30. May 18 | -8,333 | $0.98 | $-7,476 | ||
Management checks
We assess Inrad Optics's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Inrad Optics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
Company Info
Description
Inrad Optics, Inc., together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies in the United States. The company provides optical components, optical coatings, and subassemblies for the military, aerospace, industrial, and medical marketplace; precision metal optics; and UV filter optical components for use in critical applications in defense systems, such as missile warning sensors, as well as opto-mechanical design and assembly services. Its optical components include planar, prismatic, and spherical components fabricated from glass and synthetic crystals comprising mirrors, lenses, prisms, wave plates, polarizing optics, X-ray monochromators and mirrors, and cavity optics for lasers The company also offers laser system devices and instrumentation products comprising electro-optic and nonlinear crystal devices for altering the intensity, polarization, or wavelength of a laser beam, as well as other crystal components for use in laser research, in commercial laser systems, and in detection of fast neutrons; and pockels’ cells and associated electronics. It serves corporations in the defense, aerospace, laser system, process control, and metrology sectors of the photonics industry, as well as the United States Government, national laboratories, and universities. The company markets its products through sales, marketing, and customer service teams, as well as through independent sales agents. Inrad Optics, Inc. also exports its products Europe, Israel, and Asia. The company was formerly known as Photonic Products Group, Inc. and changed its name to Inrad Optics, Inc. in 2012. Inrad Optics, Inc. was founded in 1973 and is based in Northvale, New Jersey.
Details
| Name: | Inrad Optics, Inc. |
| INRD | |
| Exchange: | OTCPK |
| Founded: | 1973 |
| $17,034,860 | |
| 13,627,888 | |
| Website: | http://www.inradoptics.com |
| Address: |
Inrad Optics, Inc. 181 Legrand Avenue, Northvale, New Jersey, 07647, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| OTCPK | INRD | Common Stock | Pink Sheets LLC | US | USD | 07. Jul 1983 |
Number of employees
Current staff
Industry
| Electronic Components | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 23:37 |
| End of day share price update: | 2019/03/18 00:00 |
| Last earnings filing: | 2018/11/14 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
