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Emcore Corp (EMKR)
NASDAQ:EMKR
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 0.32%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
EMCORE's earnings call highlighted strong cost-saving measures, revenue growth, and improved gross margins, alongside a significant headcount reduction and debt payoff. However, these positives were tempered by restructuring charges, decreased cash balance, and continued negative EBITDA and net loss.Company Guidance
During the EMCORE Corporation's fiscal Q3 2024 earnings call, guidance was provided for the upcoming quarter, with revenue expected to be in the range of $20 million to $22 million. The company is focused on operational efficiencies, with specific efforts on overlaying common operating systems across its three remaining production sites. A key strategic goal is to achieve sustained improvement in gross margin, particularly at the Concord site, which saw a significant increase in gross margin to 24% in the June quarter from 15% in the previous quarter. EMCORE is also targeting adjusted operating cash flow breakeven by fiscal Q4 2024 and has made substantial progress with a book-to-bill ratio at 1.24, bolstered by $60 million in backlog. These efforts are supported by a restructuring plan that includes significant cost savings of approximately $17 million annually from headcount reductions, and the full closure of the Alhambra site is expected to be completed by the end of August.Significant Headcount Reductions and Cost Savings
Headcount reductions enacted beginning in May are estimated to result in approximately $17 million of annualized payroll savings.
Revenue Growth
Revenue for fiscal Q3 was $20.4 million, a 4% increase compared to the $19.6 million in fiscal Q2.
Improved Gross Margin
Gross margin was 24% for the June quarter, significantly better compared to 15% the quarter before.
Strong Book-to-Bill Ratio
The book-to-bill ratio was well over 1 at 1.24, with important orders including 2 armored vehicle orders above $2 million.
Debt Payoff
EMCORE paid off all outstanding obligations under their credit agreement with Hale Capital, freeing them to explore new alternatives for liquidity.
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EMKR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EMKR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $3.09 | $3.08 | -0.32% |
| Jan 03, 2025 | $3.00 | $2.98 | -0.67% |
| Aug 06, 2024 | $0.94 | $0.96 | +2.13% |
| May 08, 2024 | $2.90 | $1.11 | -61.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Emcore Corp (EMKR) report earnings?
Emcore Corp (EMKR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Emcore Corp (EMKR) earnings time?
Emcore Corp (EMKR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EMKR EPS forecast?
EMKR EPS forecast for the fiscal quarter 2025 (Q2) is -0.11.
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