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Article: EMCORE Announces Record Revenue and Gross Profit for Fiscal First Quarter; Revenue Increases 143% to $40 Million for Quarter.
- Article from:
- Business Wire
- Article date:
- February 6, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SOMERSET, N.J.--(BUSINESS WIRE)--Feb. 6, 2001
*Fiber optic revenues increase 184%
*Backlog increases 233% to record $155 million
EMCORE Corporation (Nasdaq: EMKR) today announced its financial results for the first quarter ended December 31, 2000.
For the fourth consecutive quarter, EMCORE reported record revenue and gross profit, which were fueled by increased bookings and shipments from all of the Company's product lines. Total first quarter revenue increased 143% to $40.1 million from $16.5 million reported in the prior year period. Revenues for systems, electronic materials, photovoltaics and fiber optics ...