Tillkännagivande • Oct 15
Rubicon Technology, Inc. (OTCPK:RBCN) acquired Janel Group, Inc. from Janel Corporation (OTCPK:JANL). Rubicon Technology, Inc. (OTCPK:RBCN) entered into a definitive agreement to acquire Janel Group, Inc. from Janel Corporation (OTCPK:JANL) on August 20, 2025. Janel Group will receive 7,000,000 shares of Rubicon common stock, at a value of $4.75 per share for consideration. Rubicon will assume approximately $23 million of Janel Group indebtedness and net working capital liabilities and gain access to a total of $35 million in borrowing capacity as part of a revolving credit facility under Janel Corp’s existing credit line.
Janel Group had revenues of approximately $181.3 million and operating income of approximately $8.7 million for the 12-month period ended June 30, 2025.
The transaction, which was approved by the Rubicon board, including its independent directors, is subject to approval by the majority of Rubicon’s disinterested stockholders.
Rubicon Technology, Inc. (OTCPK:RBCN) completed the acquisition of Janel Group, Inc. from Janel Corporation (OTCPK:JANL) on October 14, 2025. The transaction, which was approved by the Rubicon board, including its independent directors, was approved by a majority of Rubicon’s disinterested stockholders at Rubicon’s annual stockholder meeting on October 10, 2025. Tillkännagivande • Aug 21
Rubicon Technology, Inc. (OTCPK:RBCN) entered into a definitive agreement acquire Janel Group, Inc. from Janel Corporation (OTCPK:JANL). Rubicon Technology, Inc. (OTCPK:RBCN) entered into a definitive agreement acquire Janel Group, Inc. from Janel Corporation (OTCPK:JANL) on August 20, 2025. Janel Group will receive 7,000,000 shares of Rubicon common stock, at a value of $4.75 per share for consideration. Rubicon will assume approximately $23 million of Janel Group indebtedness and net working capital liabilities and gain access to a total of $35 million in borrowing capacity as part of a revolving credit facility under Janel Corp’s existing credit line.
Janel Group had revenues of approximately $181.3 million and operating income of approximately $8.7 million for the 12-month period ended June 30, 2025.
The transaction, which was approved by the Rubicon board, including its independent directors, is subject to approval by the majority of Rubicon’s disinterested stockholders. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improved over the past week After last week's 64% share price gain to US$15.05, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 17x in the Semiconductor industry in the US. Total returns to shareholders of 81% over the past three years. Reported Earnings • May 13
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: US$0.20 (up from US$0.33 loss in 1Q 2021). Revenue: US$972.0k (up 33% from 1Q 2021). Net income: US$480.0k (up US$1.29m from 1Q 2021). Profit margin: 49% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 5% per year. Board Change • Apr 27
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. 1 highly experienced director. Independent Director Jeff Gramm was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS US$0.074 (vs US$0.08 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$1.30m (up 17% from 3Q 2020). Net income: US$181.0k (up US$377.0k from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 14
Second quarter 2021 earnings released: US$0.002 loss per share (vs US$0.68 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: US$848.0k (down 34% from 2Q 2020). Net loss: US$4.0k (down 100% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
First quarter 2021 earnings released: US$0.33 loss per share (vs US$0.84 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: US$729.0k (down 37% from 1Q 2020). Net loss: US$807.0k (loss narrowed 64% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Executive Departure • Apr 28
CFO & Secretary has left the company On the 20th of April, Kevin Lusardi's tenure as CFO & Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Kevin's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 25
Full year 2020 earnings released: US$0.42 loss per share (vs US$0.42 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$4.47m (up 27% from FY 2019). Net loss: US$1.06m (loss narrowed 7.3% from FY 2019). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 09
New 90-day high: US$10.68 The company is up 22% from its price of US$8.78 on 10 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 25% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: US$9.90 The company is up 15% from its price of US$8.59 on 07 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: US$9.05 The company is up 7.0% from its price of US$8.49 on 09 September 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 28% over the same period. Reported Earnings • Nov 14
Third quarter 2020 earnings released: US$0.08 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: US$1.12m (up 92% from 3Q 2019). Net loss: US$196.0k (loss narrowed 44% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 11
New 90-day high: US$8.78 The company is up 8.0% from its price of US$8.15 on 12 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 12% over the same period.