Emcore Corporation发布2016财年第一季度财务业绩

公開日 2017/02/09
Emcore 
- Consolidated Q1 revenue of $30.2 million

- Consolidated Q1 GAAP pre-tax income from continuing operations of $1.9 million and Non-GAAP pre-tax income from continuing operations of $3.5 million 

- GAAP EPS from continuing operations of $0.07 and Non-GAAP EPS from continuing operations of $0.13

- Expected Q2 revenue of $29 to $31 million

EMCORE Corporation today announced financial results for its first quarter ended December 31, 2016.

Jeffrey Rittichier, EMCORE's President and CEO remarked, "EMCORE turned in a solid quarter, with excellent growth in revenue and Non-GAAP pre-tax income." Rittichier went on to say, "With our improvement in Non-GAAP operating margin to 11.5%, we‘re rapidly closing in on our target of 12.5% by the end of FY 17."


Financial Statement Highlights for the First Quarter of Fiscal 2017:

- Consolidated revenue was $30.2 million, representing a 17.9% increase from the prior quarter

- Consolidated gross margin was 33.3%, a decrease from the 35.6% gross margin reported in the prior quarter

- Consolidated operating income was $2.3 million, representing a 28% increase from the prior quarter

- GAAP pre-tax income from continuing operations was $1.9 million, an increase of approximately $0.2 million over the prior quarter

- GAAP pre-tax EPS from continuing operations of $0.07, an increase of $0.01 compared to the prior quarter 

- Non-GAAP pre-tax income from continuing operations was $3.5 million, a $0.9 million increase compared to the prior quarter

- Non-GAAP pre-tax EPS from continuing operations of $0.13, an increase of $0.03 compared to the prior quarter

- Cash and cash equivalents was $62.2 million at the end of the quarter

Business Outlook

The Company expects revenue for the second quarter ended March 31, 2017 to be in the range of $29 to $31 million.


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