Emcore corp (EMKR)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Jun'10
Revenue

23,850

25,482

24,300

17,219

21,745

24,001

25,241

17,717

18,623

24,036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenue

-

-

-

-

-

-

25,241

-

-

-

29,176

30,952

32,591

30,176

25,600

22,376

21,532

22,490

23,018

21,194

19,057

18,416

14,302

13,596

12,953

14,663

43,091

33,473

42,277

49,306

47,488

41,062

37,780

37,451

52,123

49,480

47,218

52,107

46,606

Cost of revenue

17,423

18,008

24,532

13,515

15,936

18,193

20,813

16,519

13,676

16,122

18,565

20,110

21,553

20,133

16,481

14,964

14,510

15,089

13,568

13,511

12,678

13,237

10,136

10,937

10,055

12,272

37,718

29,429

34,444

38,358

42,891

36,677

32,404

33,983

42,090

40,010

36,638

39,427

33,797

Gross profit

6,427

7,474

-232

3,704

5,809

5,808

4,428

1,198

4,947

7,914

10,611

10,842

11,038

10,043

9,119

7,412

7,022

7,401

9,450

7,683

6,379

5,179

4,166

2,659

2,898

2,391

5,373

4,044

7,833

10,948

4,597

4,385

5,376

3,468

10,033

9,470

10,580

12,680

12,809

Operating expense:
Selling, general, and administrative

7,139

5,887

8,217

9,288

6,996

7,593

5,532

5,237

5,644

4,819

5,181

5,815

5,672

5,578

4,963

6,125

4,825

4,821

5,587

4,543

5,954

8,627

7,891

5,364

4,328

5,656

6,705

7,039

6,771

6,904

10,258

8,758

8,365

7,480

8,281

9,657

9,380

8,264

14,004

Research and development

4,584

4,642

6,435

4,629

4,360

4,019

4,372

3,915

3,300

3,800

3,862

3,340

3,141

2,199

2,392

2,405

2,564

2,560

2,649

2,274

2,022

2,174

2,466

2,340

2,676

1,824

5,796

4,674

4,112

5,390

4,581

4,996

5,781

6,980

8,129

9,549

7,984

7,191

7,147

Asset Impairment Charges

-

-

-

-

-

-

-

-

-

-

38

0

468

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Recovery of previously incurred litigation related fees and expenses from arbitration award

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,599

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from change in estimate on ARO obligation

-

-

-26

0

40

-

-145

0

0

-

45

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from change in estimate on ARO obligation

-

-

-26

0

40

-

-145

0

0

-

45

0

0

0

-

-

-

-

0

0

0

845

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,425

0

0

-

0

-

-

-

Litigation settlements, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,050

0

0

-

-1,465

2,590

-

0

Flood-related loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-293

114

5,698

0

0

0

0

-

Flood-related insurance proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

14,808

4,192

4,000

0

0

5,000

0

0

0

0

-

Gain on sale of assets

315

1,602

302

0

0

0

5

0

68

-107

134

322

0

0

0

41

0

0

0

0

0

-228

100

0

0

0

0

0

413

-

-51

2,793

0

0

-

0

-

-

-

Total operating expense

11,408

8,927

14,376

13,917

11,316

11,612

10,044

9,152

8,876

8,726

8,902

8,833

9,281

7,777

7,355

5,890

7,389

7,381

8,236

6,817

7,976

10,184

10,257

7,704

7,004

7,480

12,501

11,713

-4,338

8,102

10,890

13,143

14,260

15,158

24,390

20,671

14,774

15,455

21,151

Operating loss

-4,981

-1,453

-14,608

-10,213

-5,507

-5,804

-5,616

-7,954

-3,929

-812

1,709

2,009

1,757

2,266

1,764

1,522

-367

20

1,214

866

-1,597

-5,005

-6,091

-5,045

-4,106

-5,089

-7,128

-7,669

12,171

2,846

-6,293

-8,758

-8,884

-11,690

-14,357

-11,201

-4,194

-2,775

-8,342

Other income:
Interest income (expense), net

1

-15

39

99

224

267

243

216

163

111

99

77

46

23

48

32

25

-17

36

4

165

-130

-145

-134

-117

-126

-191

-185

-186

-238

-281

-146

-121

-129

-

-132

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130

258

111

Foreign exchange (loss) gain

-156

147

-396

-349

304

14

-570

-676

526

286

388

53

44

-403

-83

-201

25

-135

-239

50

-6

57

-5

-12

-90

100

95

181

-21

101

-15

-196

167

89

-304

625

749

-335

-928

Gain on sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

17

290

0

0

0

0

-

-

-

-

-

-

-

-

-

Loss from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-241

-960

-996

-259

-587

0

0

Gain on sale of equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

86

36

-5

110

7

-78

172

373

-267

237

21

61

-256

105

1,487

-107

-1,038

-272

176

Other income

-

-

0

-

-

-

110

-

-

-

0

316

0

0

-

-

-

-

-

-

-

-

51

0

0

0

0

17

-

-

0

0

0

0

0

-5

-5

-5

-12

Total other income

-155

132

-357

-250

528

281

-217

-460

689

397

487

446

90

-380

-35

-169

50

-152

-203

54

245

-37

-104

-36

-183

186

4,876

386

-474

100

-275

-281

-451

-895

67

122

-1,011

-870

-872

Loss before income tax expense

-5,136

-1,321

-14,965

-10,463

-4,979

-5,523

-5,833

-8,414

-3,240

-415

2,196

2,455

1,847

1,886

1,729

1,353

-317

-132

1,011

920

-1,352

-5,042

-6,195

-5,081

-4,289

-4,903

-2,252

-7,283

11,697

2,946

-6,568

-9,039

-9,335

-12,585

-14,290

-11,079

-5,205

-3,645

-

Income tax benefit (expense)

-55

14

10

14

15

15

53

0

-200

-300

32

19

-8

120

-8

175

-155

2

-339

456

-396

-1,912

-23,171

-732

433

-1,080

0

0

0

120

0

0

0

1,644

0

0

0

0

-

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-14,975

-

-

-

-5,886

-

-

-

2,164

2,436

1,855

1,766

1,737

1,178

-162

-134

1,350

464

-956

-3,130

16,976

-4,349

-4,722

-3,823

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

0

-

-

-

41

-11

-7

-9

259

123

4,144

1,121

130

1,976

4,008

59,258

-1,488

1,199

-710

1,769

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-5,081

-1,335

-14,975

-10,477

-4,994

-5,538

-5,886

-8,414

-3,071

-82

2,205

2,425

1,848

1,757

1,996

1,301

3,982

987

1,480

2,440

3,052

56,128

15,488

-3,150

-5,432

-2,054

-2,252

-7,283

11,697

2,826

-6,568

-9,039

-9,335

-14,229

-14,290

-11,079

-5,205

-3,645

-9,214

Foreign exchange translation adjustment

29

-36

29

9

13

14

4

-54

121

253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

137

-76

69

-

-

-

-

-

-304

-

-

-

Foreign exchange translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-414

106

-444

Comprehensive loss

-5,052

-1,371

-14,946

-10,468

-4,981

-5,524

-5,882

-8,468

-2,950

171

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,135

-7,146

11,621

2,895

-

-

-

-

-13,543

-11,383

-5,619

-3,539

-8,770

Per share data:
Net (loss) income per basic share, continuing operations (in usd per share)

-

-

-

-

-

-

-0.21

-

-

-

0.08

0.09

0.07

0.07

0.07

0.05

-0.01

0.00

0.05

0.02

-0.03

-0.10

0.55

-0.14

-0.16

-0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per basic share, discontinued operations (in usd per share)

-

-

-

-

-

-

0.00

-

-

-

0.00

0.00

0.00

0.00

0.01

0.00

0.16

0.04

0.01

0.06

0.13

1.90

-0.05

0.04

-0.02

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per basic share (in usd per share)

-

-

-

-

-

-

-0.21

-

-0.12

0.00

0.08

0.09

0.07

0.07

0.08

0.05

0.15

0.04

0.06

0.08

0.10

1.80

0.50

-0.10

-0.18

-0.07

-0.08

-0.27

0.44

0.11

-

-

-

-

-0.77

-0.49

-0.24

-0.04

-0.11

Net (loss) income per diluted share, continuing operations (in usd per share)

-

-

-

-

-

-

-0.21

-

-

-

0.08

0.09

0.07

0.07

0.06

0.05

-0.01

0.00

0.05

0.02

-0.03

-0.10

0.55

-0.14

-0.16

-0.13

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per diluted share, discontinued operations (in usd per share)

-

-

-

-

-

-

0.00

-

-

-

0.00

0.00

0.00

0.00

0.01

0.00

0.16

0.04

0.01

0.06

0.13

1.90

-0.05

0.04

-0.02

0.06

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per diluted share (in usd per share)

-

-

-

-

-

-

-0.21

-

-

-

0.08

0.09

0.07

0.07

0.07

0.05

0.15

0.04

0.06

0.08

0.10

1.80

0.50

-0.10

-0.18

-0.07

-0.08

-0.27

0.44

0.11

-

-

-

-

-0.77

-0.49

-0.24

-0.04

-0.11

Net loss per basic and diluted share (in dollars per share)

-0.18

-0.05

-

-0.37

-0.18

-0.20

-

-0.31

-0.11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average number of basic and diluted shares outstanding (in shares)

29,033

28,832

28,734

-

27,652

27,534

27,452

27,383

27,197

27,032

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted-average number of basic shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

26,904

26,833

26,622

26,279

26,177

26,103

25,942

25,697

25,615

31,203

32,077

31,217

30,752

30,656

30,392

29,938

27,158

26,609

26,310

25,977

-

-

-

-

-40,603

22,461

21,804

85,250

84,117

Weighted Average Number of Shares Outstanding, Diluted

-

-

-

-

-

-

-

-

-

-

27,768

27,816

27,585

27,039

26,674

26,269

25,942

25,697

25,896

31,432

32,077

31,217

30,992

30,656

30,392

29,938

27,158

26,609

26,642

26,236

-

-

-

-

-40,603

22,461

21,804

85,250

84,117