Key Developments: EMCORE Corp (EMKR.OQ)
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Latest Key Developments (Source: Significant Developments)
Emcore Corp Issues Q3 2013 Revenue Guidance Below Analysts' Estimates
Emcore Corp announced that for third quarter of 2013, it expects revenue to be in the range of $35-$39 million, which includes revenue from its joint venture Suncore. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue $50 million for third quarter of 2013. Full Article
Emcore Corp Issues Q2 2013 Revenue Guidance Below Analysts' Estimates
Emcore Corp announced that for the second quarter of 2013, it expects revenue to be in the range of $45 to $49 million, which includes revenue from our joint venture Suncore. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $51 million for the second quarter of 2013. Full Article
Emcore Corp Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates
Emcore Corp announced that for the first quarter of 2013, it expects revenue to be in the range of $49 to $51 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $51 million for the first quarter of 2013. Full Article
Emcore Corp Closes $10.0 Million Public Offering of Common Stock
Emcore Corp announced that it closed an underwritten public offering of 1,832,410 shares of common stock at a price to the public of $5.46 per share on October 3, 2012. The closing included all 239,010 shares of common stock subject to the underwriter's overallotment option. The Company plans to use the approximately $9.5 million in net proceeds for general corporate purposes. B. Riley & Co., LLC acted as sole underwriter for the offering. Full Article
Emcore Corp Announces Pricing of Underwritten Public Offering
Emcore Corp announced that it priced an underwritten public offering of 1,593,400 shares of common stock at a price to the public of $5.46 per share. Additionally, the Company has granted the underwriter an option for 30 days to purchase up to 239,010 additional shares of common stock. The Company plans to use the approximately $8.265 million in net proceeds for general corporate purposes. The offering was increased from what was previously announced due to demand from investors. The offering is expected to close on October 3, 2012. In connection with the offering, B. Riley & Co., LLC is acting as sole underwriter. Full Article
EMCORE Corp Announces Proposed Public Offering Of Common Stock
EMCORE Corp announced that it intends to offer and sell, subject to market and other conditions, $8 million of its common stock in an underwritten public offering pursuant to an effective shelf registration statement. EMCORE intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the amount of common stock offered. The Company plans to use any proceeds from the offering for general corporate purposes. In connection with the offering, B. Riley & Co., LLC is acting as sole underwriter. The offering of these securities will be made by means of a prospectus and related prospectus supplement, copies of which can be obtained, when available, from B. Riley & Co., LLC 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025. Full Article
EMCORE Corp Secures Solar Panel Manufacturing Contract From Orbital Sciences Corporation
EMCORE Corp announced that it has been awarded a solar panel manufacturing contract by Orbital Sciences Corporation for NASA's Ice, Cloud, and land Elevation Satellite-2 (ICESat-2) mission targeted for launch in early 2016. Solar panels populated with EMCORE's most advanced ZTJ triple-junction solar cells will power the ICESat-2 spacecraft manufactured by Orbital. Full Article
EMCORE Corp Enters Into OEM Agreement With Lake Shore Cryotronics To Supply Terahertz Systems And Components
EMCORE Corp announced that it has entered into an OEM agreement with Lake Shore Cryotronics, Inc. to supply an OEM version of the PB7200 Portable Frequency Domain Terahertz (THz) Spectrometer. Lake Shore is integrating this instrument into a new terahertz frequency system targeted at research and characterization of electronic and magnetic materials. Samples of these materials, held at cryogenic temperatures and in high-magnetic fields, will be able to be studied for the first time using continuous wave THz spectroscopy. Full Article
EMCORE Corp Announces Management Change-Form 8-K
EMCORE Corporation reported in its Form 8-k that On August 6, 2012, the executive management of EMCORE corporation (EMCORE or the Company) reviewed with the Company's Board of Directors (the Board), the Company's recent cost reduction and business realignment initiatives, including additional management realignment. In furtherance of those initiatives, Mr. Reuben F. Richards, Jr. proposed to the Board to step-down from his position as the Company's Executive Chairman and all other positions he holds as an officer or employee of the Company and its affiliates, effective as of September 30, 2012. Mr. Richards will remain as Chairman of the Board and a member of the Board. Full Article
EMCORE Corp Issues Q4 2012 Revenue Guidance Above Analysts' Estimates
EMCORE Corp announced that for fourth quarter of 2012, it expects revenue to be in the range of $46 to $49 million, with revenue growth from both our Photovoltaics and Fiber Optics business segments. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $44 million for fourth quarter of 2012. Full Article
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