EMCORE Corporation (EMKR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2015 W. CHESTNUT STREET ALHAMBRA, CA 91803 |
| State of Incorp. | NJ |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 20,679 | 26,211 | 25,625 | 71,682 | 30,538 | 21,977 | |||
| Cash and cash equivalents | 20,679 | 26,211 | 25,625 | 71,621 | 30,390 | 21,574 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 61 | 148 | 403 | ||||||
| Restricted cash and investments | 495 | 495 | 520 | ||||||
| Receivables | 16,922 | 15,575 | 18,073 | 31,849 | 25,300 | 18,500 | |||
| Inventory, net of allowances, customer advances and progress billings | 31,954 | 28,905 | 37,035 | 32,309 | 25,525 | 24,051 | |||
| Inventory | 31,954 | 28,905 | 37,035 | 32,309 | 25,525 | 24,051 | |||
| Prepaid expense | 4,088 | 4,612 | |||||||
| Contract with customer, asset, after allowance for credit loss | 7,293 | 8,402 | 4,560 | 361 | 1,566 | 1,055 | |||
| Asset, held-for-sale, not part of disposal group | 3,871 | 7,264 | |||||||
| Other current assets | 513 | 922 | |||||||
| Other undisclosed current assets | 7,124 | 8,118 | 7,181 | 6,386 | |||||
| Total current assets: | 85,815 | 92,386 | 92,937 | 144,319 | 90,110 | 71,969 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 20,857 | 21,564 | 23,243 | 13,489 | 14,566 | ||||
| Property, plant and equipment | 14,605 | 15,517 | 37,867 | 22,544 | 21,052 | 37,223 | |||
| Intangible assets, net (including goodwill) | 11,751 | 12,245 | 32,684 | 236 | 271 | 308 | |||
| Goodwill | 17,894 | 69 | 69 | 69 | |||||
| Intangible assets, net (excluding goodwill) | 11,751 | 12,245 | 14,790 | 167 | 202 | 239 | |||
| Other noncurrent assets | 2,159 | 2,201 | 2,351 | 225 | 242 | 62 | |||
| Total noncurrent assets: | 49,372 | 51,527 | 96,145 | 36,494 | 36,131 | 37,593 | |||
| TOTAL ASSETS: | 135,187 | 143,913 | 189,082 | 180,813 | 126,241 | 109,562 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 20,800 | 17,923 | 24,984 | 26,258 | 27,542 | 24,509 | |||
| Settlement liabilities | ✕ | ✕ | ✕ | 341 | |||||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 104 | 1,265 | 1,135 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 4,213 | 7,192 | 6,916 | 5,185 | ||
| Accounts payable | 12,357 | 9,683 | 12,729 | 16,686 | 16,484 | 10,701 | |||
| Accrued liabilities | 8,443 | 8,240 | 7,701 | 2,276 | 2,877 | 7,488 | |||
| Deferred revenue | 1,894 | 1,630 | 5,300 | 364 | 502 | 541 | |||
| Debt | 852 | 852 | 852 | 992 | 5,497 | ||||
| Restructuring reserve | 423 | 17 | 172 | ||||||
| Disposal group, including discontinued operation | 356 | 4,662 | |||||||
| Other undisclosed current liabilities | 3,714 | 3,724 | (2,341) | 1,198 | |||||
| Total current liabilities: | 27,616 | 28,791 | 29,218 | 27,820 | 29,053 | 30,719 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,650 | 6,418 | 31,224 | 12,684 | 13,735 | ||||
| Long-term debt, excluding current maturities | 4,650 | 6,418 | 9,599 | ||||||
| Liabilities, other than long-term debt | 7,380 | 7,532 | 4,770 | 2,843 | 2,816 | 2,097 | |||
| Asset retirement obligations | 4,255 | 4,194 | 4,664 | 2,049 | 2,022 | 1,890 | |||
| Other liabilities | 8 | 8 | 106 | 794 | 794 | 207 | |||
| Operating lease, liability | 3,117 | 3,330 | 21,625 | 12,684 | 13,735 | ||||
| Other undisclosed noncurrent liabilities | 20,101 | 20,882 | 5,042 | 6,488 | |||||
| Total noncurrent liabilities: | 32,131 | 34,832 | 41,036 | 15,527 | 23,039 | 2,097 | |||
| Total liabilities: | 59,747 | 63,623 | 70,254 | 43,347 | 52,092 | 32,816 | |||
| Equity | |||||||||
| Equity, attributable to parent | 75,440 | 80,290 | 118,828 | 137,466 | 74,149 | 76,746 | |||
| Common stock | 825,948 | 825,119 | 787,347 | 782,266 | 744,361 | 739,926 | |||
| Treasury stock, value | (47,721) | (47,721) | (47,721) | (47,721) | (47,721) | (47,721) | |||
| Accumulated other comprehensive income | 350 | 350 | 1,301 | 687 | 918 | 950 | |||
| Accumulated deficit | (703,137) | (697,458) | (622,099) | (597,766) | (623,409) | (616,409) | |||
| Total equity: | 75,440 | 80,290 | 118,828 | 137,466 | 74,149 | 76,746 | |||
| TOTAL LIABILITIES AND EQUITY: | 135,187 | 143,913 | 189,082 | 180,813 | 126,241 | 109,562 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 96,886 | 97,716 | 124,126 | 158,444 | 110,128 | 87,265 | ||
| Cost of revenue | (70,464) | (74,323) | (94,408) | (96,956) | (74,546) | (72,176) | ||
| Gross profit: | 26,422 | 23,393 | 29,718 | 61,488 | 35,582 | 15,089 | ||
| Operating expenses | (67,932) | (72,133) | (53,870) | (42,507) | (42,616) | (51,221) | ||
| Operating income (loss): | (41,510) | (48,740) | (24,152) | 18,981 | (7,034) | (36,132) | ||
| Nonoperating income (expense) | (597) | (631) | (320) | 7,234 | 94 | 202 | ||
| Gain (loss), foreign currency transaction, before tax | 367 | (1) | (352) | 207 | 198 | (427) | ||
| Other nonoperating income (expense) | (16) | 121 | ||||||
| Interest and debt expense | 6,561 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (42,107) | (49,371) | (24,472) | 32,776 | (6,940) | (35,930) | ||
| Other undisclosed loss from continuing operations before income taxes | (6,561) | |||||||
| Income (loss) from continuing operations before income taxes: | (42,107) | (49,371) | (24,472) | 26,215 | (6,940) | (35,930) | ||
| Income tax expense (benefit) | 24 | (42) | 139 | (572) | (60) | (54) | ||
| Income (loss) from continuing operations: | (42,083) | (49,413) | (24,333) | 25,643 | (7,000) | (35,984) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (24,333) | 25,643 | (7,000) | (35,984) | |
| Loss from discontinued operations | (1,316) | |||||||
| Net income (loss): | (43,399) | (49,413) | (24,333) | 25,643 | (7,000) | (35,984) | ||
| Other undisclosed net loss attributable to parent | (25,946) | (25,946) | ||||||
| Net income (loss) available to common stockholders, diluted: | (69,345) | (75,359) | (24,333) | 25,643 | (7,000) | (35,984) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (43,399) | (49,413) | (24,333) | 25,643 | (7,000) | (35,984) | ||
| Other comprehensive loss | (91) | |||||||
| Other undisclosed comprehensive loss | (91) | |||||||
| Comprehensive income (loss): | (43,490) | (49,504) | (24,333) | 25,643 | (7,000) | (35,984) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (25,993) | (25,946) | 614 | (231) | (32) | 65 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (69,483) | (75,450) | (23,719) | 25,412 | (7,032) | (35,919) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.