reports
EMCORE Reports Fiscal 2024 Fourth Quarter Results
EMCORE Reports Fiscal 2024 Fourth Quarter Results BUDD LAKE, NJ, Jan. 03, 2025 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2024 fourth quarter (4Q24) ended September 30, 2024. “As we close out the fiscal year, we are pleased to report that execution on our previously announced restructuring plan resulted in significant progress in all areas of the business. During 4Q24, the Company generated positive cash flow of $1.8 million and substantially lower...
Velocity One Signs Merger Agreement with EMCORE (EMKR)
Velocity One Signs Merger Agreement with EMCORE (EMKR) Transaction will unite industry leaders to create an emerging force in the aerospace and defense industry FAIRFIELD, New Jersey, Nov. 08, 2024 (GLOBE NEWSWIRE) -- , a newly formed aerospace manufacturing holding company, announced today it has signed a merger agreement with EMCORE Corporation (Nasdaq: EMKR) (“EMCORE”), a provider of inertial navigation solutions to the aerospace and defense industry. Under the agreement, EMCORE will become a wholly owned subsidiary of Velocity One. The purchase price of $3.10 per share in cash, back...
Emcore Corporation Confirms Receipt of Unsolicited, Non-Binding Propos...
Emcore Corporation Confirms Receipt of Unsolicited, Non-Binding Proposal from Mobix Labs, Inc. BUDD LAKE, NJ, Oct. 01, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR) (“Emcore” or the “Company), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today confirmed that it has received an unsolicited, non-binding proposal from Mobix Labs, Inc. (“Mobix”) to acquire all of the Company’s outstanding shares for $3.80 per share in cash. The Company’s Board of Directors continues to evaluate a range of strategic and financi...
EMCORE Reports Fiscal 2024 Third Quarter Results
EMCORE Reports Fiscal 2024 Third Quarter Results BUDD LAKE, NJ, Aug. 06, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2024 third quarter (3Q24) ended June 30, 2024. Management will host a conference call to discuss 3Q24 financial and business results on August 7, 2024 at 8:00 a.m. Eastern Time (ET). “Revenue came in strong at $20.4 million for 3Q24, driven by record high shipments from our Concord site and a solid performan...
EMCORE Corporation to Host Fiscal 2024 Third Quarter Conference Call o...
EMCORE Corporation to Host Fiscal 2024 Third Quarter Conference Call on August 7, 2024 BUDD LAKE, NJ, July 31, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, will announce its fiscal 2024 third-quarter results for the period ended June 30, 2024, on Tuesday, August 6, 2024, after the market close. Conference Call and Webcast Information The Company will host a conference call to discuss the results at 8:00 a.m. (ET) on Wednesday, August 7, 2024. Interim Chief ...
EMCORE's Chief Scientist Sergey Zotov to Present a Talk on the Journey...
EMCORE's Chief Scientist Sergey Zotov to Present a Talk on the Journey from Tactical to High-End Navigation-Grade MEMS Accelerometers at the Joint Navigation Conference Presentation Scheduled for Monday, June 3rd at 4:45 p.m.Session E4: Inertial Navigation Technologies 2, Ballroom D, Northern Kentucky Convention Center BUDD LAKE, NJ, May 31, 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 that its Chief Scientist, Sergey Zotov, Ph.D., will present...
EMCORE Restructuring Update: Personnel Reduction and Alhambra Closure
EMCORE Restructuring Update: Personnel Reduction and Alhambra Closure BUDD LAKE, NJ, May 23, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced personnel and expense reduction actions, including the planned full closure of the Alhambra, CA site. Personnel reductions are expected to result in annualized savings of approximately $17 million and are the first stage of a restructuring program that is expected to include additional actions designed to f...
EMCORE Reports Fiscal 2024 Second Quarter Results
EMCORE Reports Fiscal 2024 Second Quarter Results BUDD LAKE, NJ, May 08, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2024 second quarter (2Q24) ended March 31, 2024. Management will host a conference call to discuss 2Q24 financial and business results on May 8, 2024 at 5:00 p.m. Eastern Time (ET). “Lower-than-expected revenue in the March quarter was primarily due to product shipment delays and declining revenue from our B...
EMCORE Corporation to Host Fiscal 2024 Second Quarter Conference Call ...
EMCORE Corporation to Host Fiscal 2024 Second Quarter Conference Call on May 8, 2024 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, will announce its fiscal 2024 second-quarter results for the period ended March 31, 2024, on Wednesday, May 8, 2024, after the market close. Conference Call and Webcast Information The Company will host a conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) on Wednesday, May 8, 2024. Presid...
EMCORE Announces Sale of Chips Business and Wafer Fabrication Operatio...
EMCORE Announces Sale of Chips Business and Wafer Fabrication Operations for $2.92M and Certain Assumed Liabilities 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...
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EMCORE Reports Fiscal 2024 First Quarter Results
EMCORE Reports Fiscal 2024 First Quarter Results ALHAMBRA, CA, Feb. 08, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation 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 mi...
EMCORE to Present at the TD Cowen 45th Annual Aerospace & Defense Conf...
EMCORE to Present at the TD Cowen 45th Annual Aerospace & Defense Conference ALHAMBRA, CA, Feb. 06, 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 that the management of EMCORE Corporation will present at the TD Cowen 45th Annual Aerospace & Defense Conference on Wednesday, February 14, 2024, from 1:20 - 2:00 PM ET (10:20 - 11 AM PT). A live webcast of the presentation will be available at and a replay will be available at . About EMCORE EMCOR...
EMCORE Corporation to Host Fiscal 2024 First Quarter Conference Call o...
EMCORE Corporation to Host Fiscal 2024 First Quarter Conference Call on February 8, 2024 ALHAMBRA, CA, Jan. 31, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, will announce its fiscal 2024 first-quarter results for the period ended December 31, 2023, on Thursday, February 8, 2024, after the market close. Conference Call and Webcast Information The Company will host a conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) on Thursday, February 8, 20...
EMCORE Corporation Enters Into Cooperation Agreement with Bradley L. R...
EMCORE Corporation Enters Into Cooperation Agreement with Bradley L. Radoff Appoints Cletus C. Glasener and Jeffrey J. Roncka to its Board of Directors Appoints Cletus C. Glasener as Chairman of the Board Amends and Reconstitutes Strategy and Alternatives Committee ALHAMBRA, CA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ: EMKR) (“EMCORE” or the “Company”), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced that it has entered into a cooperation agreement (the “Cooperation Agreement”) w...
EMCORE Reports Fiscal 2023 Fourth Quarter Results
EMCORE Reports Fiscal 2023 Fourth Quarter Results ALHAMBRA, CA, Dec. 12, 2023 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced results for the fiscal 2023 fourth quarter (4Q23) ended September 30, 2023. Management will host a conference call to discuss 4Q23 financial and business results on December 12, 2023 at 5:00 p.m. Eastern Time (ET). For 4Q23, EMCORE’s consolidated revenue was $26.8 million. Net loss was $42.6 million and $2.0 million on a GAAP and ...
EMCORE Corporation to Host Fiscal 2023 Fourth Quarter Conference Call ...
EMCORE Corporation to Host Fiscal 2023 Fourth Quarter Conference Call on December 12, 2023 ALHAMBRA, CA, Dec. 04, 2023 (GLOBE NEWSWIRE) -- EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, will announce its fiscal 2023 fourth-quarter results for the period ended September 30, 2023, on Tuesday, December 12, 2023, after the market close. Conference Call and Webcast Information The Company will host a conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) on Tuesday, December 12...
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