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EMCORE Corporation Announces Financial Results for Fourth Quarter and Fiscal Year Ended September 30, 2016

  • Consolidated Q4 revenue of $25.6 million
  • Consolidated Q4 GAAP income from continuing operations of $1.7 million and Non-GAAP pre-tax income from continuing operations of $2.6 million
  • Consolidated revenue for Fiscal Year 2016 of $92.0 million
  • Consolidated net income for Fiscal Year 2016 of $8.3 million after taking into effect income from discontinued operations of $5.6 million
  • Expected Q1 revenue of $28 to $30 million

ALHAMBRA, Calif., Dec. 07, 2016 (GLOBE NEWSWIRE) -- EMCORE Corporation (EMKR), a leading provider of Indium Phosphide (InP) optical chips, components, subsystems, and systems for the broadband and specialty fiber optics market, today announced financial results for its fourth quarter and fiscal year ended September 30, 2016.

“A combination of strength in customer orders and improved manufacturing efficiency drove significant income generation in the fourth quarter and allowed us to finish the year strongly”, said Jeffrey Rittichier, President and CEO of EMCORE. “We have good visibility into demand at this time and see continued growth in DOCSIS 3.1 product deployments as well as growing momentum with our Fiber Optic Gyro and Inertial Measurement Unit products”, concluded Mr. Rittichier.

EMCORE Corporation designs and manufactures Indium Phosphide (InP) optical chips, components, subsystems and systems for the broadband and specialty fiber optics market. EMCORE was the pioneer in linear fiber optic transmission technology, and today is a leader in optical components, as well as a provider of complete end-to-end solutions for high-speed communications network infrastructures, enabling systems and service providers to meet growing demand for bandwidth and connectivity. EMCORE’s advanced optical technologies are designed for cable television (CATV) and fiber-to-the-premise (FTTP) networks, telecommunications and data centers, satellite communications, aerospace and defense, wireless networks, and broadcast and professional audio/video systems. With its world-class InP semiconductor wafer fabrication facility, EMCORE has fully vertically-integrated manufacturing capability and also provides contract design, foundry and component packaging services. EMCORE is headquartered in Alhambra, California with InP wafer fabrication operations in Alhambra, and ISO 9001 certified manufacturing in Alhambra, California; Ivyland, Pennsylvania; Beijing, China; and Langfang, China. For further information about EMCORE, visit a>