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0 -0.00598340088785947 -0.112140513414399 -0.0349353406678248 0.0422698320787491 0.00366724570546229 0.0422698320787491 0.0214244354371743
Stock impact report

EMCORE Reports Fiscal 2024 First Quarter Results [Yahoo! Finance]

EMCORE Corporation (EMKR) 
Last emcore corporation earnings: 2/5 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.emcore.com/investor-relations
Company Research Source: Yahoo! Finance
solutions to the aerospace and defense industry, today announced results for the fiscal 2024 first quarter (1Q24) ended December 31, 2023. Management will host a conference call to discuss 1Q24 financial and business results on February 8, 2024 at 5:00 p.m. Eastern Time (ET). For 1Q24, EMCORE's consolidated revenue was $24.1 million. Net loss on continuing operations was $4.4 million and $2.6 million on a GAAP and non-GAAP basis, respectively. Adjusted EBITDA was negative $1.7 million. Please refer to the schedules at the end of this press release for GAAP to non-GAAP reconciliations and other information related to non-GAAP financial measures. “Chicago, Concord, and Alhambra showed increased revenue over the September quarter, but not enough to offset the lower shipments out of Budd Lake. We faced some unexpected headwinds from export license timing and a PCB materials issues that ran up against the holidays. Nevertheless, we continued to achieve a solid gross margin and substant Show less Read more
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