EMCORE Corporation (EMKR) Financial Statements (2023 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)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2017 | 9/30/2016 | 9/30/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 74,896 | 71,682 | 30,538 | 21,977 | 68,754 | 63,905 | 111,885 | ||
| Cash and cash equivalents | 74,896 | 71,621 | 30,390 | 21,574 | 68,333 | 63,905 | 111,885 | ||
| Other undisclosed cash, cash equivalents, and short-term investments | 61 | 148 | 403 | 421 | |||||
| Restricted cash and investments | 1,062 | 965 | 375 | ||||||
| Receivables | 32,382 | 31,849 | 25,300 | 18,500 | 22,265 | 18,432 | 17,319 | ||
| Inventory, net of allowances, customer advances and progress billings | 31,283 | 32,309 | 25,525 | 24,051 | 27,826 | 27,681 | 17,130 | ||
| Inventory | 31,283 | 32,309 | 25,525 | 24,051 | 27,826 | 27,681 | 17,130 | ||
| Contract with customer, asset | 238 | 361 | 1,566 | 1,055 | ✕ | ✕ | ✕ | ||
| Other undisclosed current assets | 8,098 | 8,118 | 7,181 | 6,386 | 5,840 | 233 | 4,976 | ||
| Total current assets: | 147,959 | 144,319 | 90,110 | 71,969 | 124,685 | 111,216 | 151,685 | ||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 2,686 | 3,531 | |||||||
| Operating lease, right-of-use asset | 20,140 | 13,489 | 14,566 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 23,219 | 22,544 | 21,052 | 37,223 | 16,635 | 12,213 | 8,925 | ||
| Long-term investments and receivables | (3,561) | ||||||||
| Accounts and financing receivable, after allowance for credit loss | (3,561) | ||||||||
| Intangible assets, net (including goodwill) | 230 | 236 | 271 | 308 | |||||
| Goodwill | 69 | 69 | 69 | 69 | |||||
| Intangible assets, net (excluding goodwill) | 161 | 167 | 202 | 239 | |||||
| Other noncurrent assets | 213 | 225 | 242 | 62 | 78 | 251 | 297 | ||
| Other undisclosed noncurrent assets | 3,561 | ||||||||
| Total noncurrent assets: | 43,802 | 36,494 | 36,131 | 37,593 | 19,399 | 15,995 | 9,222 | ||
| TOTAL ASSETS: | 191,761 | 180,813 | 126,241 | 109,562 | 144,084 | 127,211 | 160,907 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 25,391 | 26,258 | 27,542 | 24,509 | 20,995 | 17,554 | 15,264 | ||
| Accounts payable | 17,033 | 16,686 | 16,484 | 10,701 | 11,818 | 10,575 | 7,189 | ||
| Accrued liabilities | 2,959 | 2,276 | 2,877 | 7,488 | 2,353 | 2,407 | 4,001 | ||
| Employee-related liabilities | 5,180 | 7,192 | 6,916 | 5,185 | 3,904 | 3,628 | 3,036 | ||
| Taxes payable | 219 | 104 | 1,265 | 1,135 | 2,920 | 944 | 1,038 | ||
| Deferred revenue | 873 | 364 | 502 | 541 | ✕ | ✕ | ✕ | ||
| Debt | 992 | 5,497 | |||||||
| Restructuring reserve | 1,113 | 17 | 172 | 628 | 642 | 1,448 | |||
| Self insurance reserve | 25 | 606 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 65 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 20 | 38 | 133 | ||
| Other undisclosed current liabilities | 941 | 1,198 | 6,175 | ||||||
| Total current liabilities: | 28,318 | 27,820 | 29,053 | 30,719 | 21,643 | 18,259 | 23,691 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 19,628 | 12,684 | 13,735 | ||||||
| Operating lease, liability | 19,628 | 12,684 | 13,735 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 2,852 | 2,843 | 2,816 | 2,097 | 1,667 | 1,635 | 1,774 | ||
| Asset retirement obligations | 2,058 | 2,049 | 2,022 | 1,890 | 1,638 | 1,573 | 1,774 | ||
| Other liabilities | 794 | 794 | 794 | 207 | 29 | 62 | |||
| Other undisclosed noncurrent liabilities | 6,488 | ||||||||
| Total noncurrent liabilities: | 22,480 | 15,527 | 23,039 | 2,097 | 1,667 | 1,635 | 1,774 | ||
| Total liabilities: | 50,798 | 43,347 | 52,092 | 32,816 | 23,310 | 19,894 | 25,465 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 140,963 | 137,466 | 74,149 | 76,746 | 120,774 | 107,317 | 135,442 | ||
| Common stock | 783,329 | 782,266 | 744,361 | 739,926 | 730,906 | 725,880 | |||
| Treasury stock, value | (47,721) | (47,721) | (47,721) | (47,721) | (47,721) | (47,721) | (47,721) | ||
| Accumulated other comprehensive income | 707 | 687 | 918 | 950 | 561 | 579 | 847 | ||
| Accumulated deficit | (595,352) | (597,766) | (623,409) | (616,409) | (562,972) | (571,421) | (579,687) | ||
| Other undisclosed stockholders' equity attributable to parent | 762,003 | ||||||||
| Total stockholders' equity: | 140,963 | 137,466 | 74,149 | 76,746 | 120,774 | 107,317 | 135,442 | ||
| TOTAL LIABILITIES AND EQUITY: | 191,761 | 180,813 | 126,241 | 109,562 | 144,084 | 127,211 | 160,907 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 167,254 | 158,444 | 110,128 | 87,265 | 122,895 | 91,998 | 81,685 | |
| Cost of revenue | (102,541) | (96,956) | (74,546) | (72,176) | (80,361) | (61,044) | (52,994) | |
| Gross profit: | 64,713 | 61,488 | 35,582 | 15,089 | 42,534 | 30,954 | 28,691 | |
| Operating expenses | (45,741) | (42,507) | (42,616) | (51,221) | (34,793) | (28,015) | (33,213) | |
| Operating income (loss): | 18,972 | 18,981 | (7,034) | (36,132) | 7,741 | 2,939 | (4,522) | |
| Nonoperating income (expense) | 7,077 | 7,234 | 94 | 202 | 643 | (306) | 59 | |
| Foreign currency transaction gain (loss), before tax | 12 | 207 | 198 | (427) | 82 | (394) | (138) | |
| Other nonoperating income | 316 | |||||||
| Interest and debt expense | 6,561 | 6,561 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 32,610 | 32,776 | (6,940) | (35,930) | 8,384 | 2,633 | (4,463) | |
| Other undisclosed loss from continuing operations before income taxes | (6,561) | (6,561) | ||||||
| Income (loss) from continuing operations before income taxes: | 26,049 | 26,215 | (6,940) | (35,930) | 8,384 | 2,633 | (4,463) | |
| Income tax expense (benefit) | (561) | (572) | (60) | (54) | (163) | (14) | 2,191 | |
| Income (loss) from continuing operations: | 25,488 | 25,643 | (7,000) | (35,984) | 8,221 | 2,619 | (2,272) | |
| Income from discontinued operations | 14 | 5,647 | 65,372 | |||||
| Net income (loss) available to common stockholders, diluted: | 25,488 | 25,643 | (7,000) | (35,984) | 8,235 | 8,266 | 63,100 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2017 | 9/30/2016 | 9/30/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 25,488 | 25,643 | (7,000) | (35,984) | 8,235 | 8,266 | 63,100 | |
| Comprehensive income (loss): | 25,488 | 25,643 | (7,000) | (35,984) | 8,235 | 8,266 | 63,100 | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (201) | (231) | (32) | 65 | (18) | (268) | (990) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 25,287 | 25,412 | (7,032) | (35,919) | 8,217 | 7,998 | 62,110 | |
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.