EMCORE Announces Sale of Chips Business and Wafer Fabrication Operations for $2.92M and Certain Assumed Liabilities
EMCORE Corporation (EMKR)
Last emcore corporation earnings: 2/5 04:15 pm
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US:NASDAQ Investor Relations:
investor.emcore.com/investor-relations
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Source: GlobeNewswire
BUDD LAKE, NJ, May 02, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, announced today the consummation effective April 30, 2024 of a transaction for the sale of its Chips business and indium phosphide (InP) wafer fabrication operations for a total purchase price of $2.92 million, together with the assumption by the buyer, HieFo Corporation, of certain assumed liabilities, of which $1 million was previously received from HieFo, and $1.92 million was paid by HieFo to EMCORE at the closing of the transaction. The transaction was consummated pursuant to the terms of an Asset Purchase Agreement entered into between EMCORE and HieFo on April 30, 2024, and included the transfer of substantially all assets related to EMCORE’s non-core discontinued Chips business line, including the assets used in our InP wafer fabrication operations in Alhambra, California, includ
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News
- EMCORE Co. (NASDAQ: EMKR) was downgraded by analysts at Northland Capmk from a "strong-buy" rating to a "hold" rating.MarketBeat
- EMCORE Corporation (NASDAQ:EMKR) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- EMCORE Co. (NASDAQ: EMKR) had its "neutral" rating re-affirmed by analysts at Alliance Global Partners.MarketBeat
- Emcore (EMKR) Reports Q2 Loss, Lags Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- EMCORE Reports Fiscal 2024 Second Quarter Results [Yahoo! Finance]Yahoo! Finance
EMKR
Earnings
- 5/8/24 - Beat
EMKR
Sec Filings
- 5/17/24 - Form 3
- 5/16/24 - Form 144
- 5/16/24 - Form 8-K
- EMKR's page on the SEC website