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EMCORE Corporation Announces Financial Results for Fiscal Fourth Quarter and Fiscal Year Ended September 30, 2018
Consolidated Q4 revenue of $25.2 million
Consolidated Q4 GAAP operating loss of $5.6 million and Non-GAAP operating loss of $3.5 million
GAAP pre-tax EPS from continuing operations of $(0.21) and Non-GAAP pre-tax EPS from continuing operations of $(0.12)
ALHAMBRA, California, December 4, 2018 - EMCORE Corporation (NASDAQ: EMKR - News), a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today's high-speed communications network infrastructures and leading-edge defense systems, today announced financial results for its fiscal fourth quarter ended September 30, 2018.
In addition, the Company today announced that its Chief Financial Officer, Jikun Kim is leaving the Company to tend to personal obligations. EMCORE has an external search underway to identify a replacement. Mr. Kim expects to continue serving in his capacity as the Company’s Chief Financial Officer until December 31, 2018. Mr. Kim’s departure is not the result of any dispute or disagreement with the Company, or any matter related to the Company’s accounting practices or financial statement disclosures.
Jeffrey Rittichier, EMCORE's President and CEO commented, “2018 was a challenging year for us as we worked through an inventory overhang in the Cable TV supply chain. With that behind us now, we're experiencing strong growth in L-EML transmitter shipments and expect that our CATV business will be on a solid footing in FY19.” Rittichier went on to say “We’ve also entered the year with robust backlog in our Navigation and Chip product lines and look forward to realizing growth in these areas. I also want to thank Jikun Kim for his contributions to the company, and wish him great success and happiness going forward.”
The following information was filed by Emcore Corp (EMKR) on Tuesday, December 4, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.