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Product category: Optical Transceivers, Transponders and Repeaters
News Release from: Emcore Corp
Edited by the Electronicstalk Editorial Team on 06 May 2005

Revenues rise for Emcore

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Emcore Corp has released its financial results for the fiscal 2005 second quarter ended 31st March 2005.

Emcore Corp has released its financial results for the fiscal 2005 second quarter ended 31st March 2005 Revenues for the second quarter of fiscal 2005 were $30.4 million, an increase of 31% from the $23.2 million reported in the second quarter of fiscal 2004, and an increase of $3.4 million, or 13%, from the $27.0 million in the previous quarter

All three of the company's operating segments, fibre optics, photovoltaics and electronic materials and devices, posted revenue increases both year-over-year and sequentially.

Gross profit for the quarter was $5.5 million or 18%, an increase of 104% from $2.7 million a year earlier.

The gross margin of 18% represents an increase of 10 percentage points from the 8% gross margins reco