EMCORE Corp
NASDAQ:EMKR
Income Statement
Earnings Waterfall
EMCORE Corp
Revenue
|
175.4m
USD
|
Cost of Revenue
|
-138.7m
USD
|
Gross Profit
|
36.7m
USD
|
Operating Expenses
|
-82.3m
USD
|
Operating Income
|
-45.6m
USD
|
Other Expenses
|
-57.5m
USD
|
Net Income
|
-103.1m
USD
|
Income Statement
EMCORE Corp
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
134
N/A
|
104
-22%
|
84
-19%
|
56
-34%
|
59
+7%
|
65
+10%
|
73
+12%
|
82
+12%
|
86
+5%
|
88
+3%
|
89
+1%
|
92
+3%
|
100
+8%
|
111
+11%
|
119
+8%
|
123
+3%
|
117
-5%
|
103
-12%
|
90
-13%
|
86
-4%
|
86
0%
|
89
+4%
|
88
-1%
|
87
-1%
|
89
+2%
|
91
+2%
|
101
+11%
|
110
+9%
|
118
+7%
|
133
+12%
|
148
+12%
|
158
+7%
|
167
+6%
|
162
-3%
|
143
-12%
|
124
-13%
|
107
-14%
|
101
-5%
|
104
+3%
|
98
-6%
|
175
+79%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(114)
|
(89)
|
(71)
|
(43)
|
(44)
|
(47)
|
(50)
|
(53)
|
(55)
|
(57)
|
(58)
|
(61)
|
(66)
|
(73)
|
(78)
|
(80)
|
(76)
|
(68)
|
(65)
|
(67)
|
(69)
|
(71)
|
(68)
|
(72)
|
(72)
|
(73)
|
(78)
|
(75)
|
(77)
|
(84)
|
(91)
|
(97)
|
(103)
|
(102)
|
(97)
|
(94)
|
(90)
|
(89)
|
(93)
|
(74)
|
(139)
|
|
Gross Profit |
20
N/A
|
15
-25%
|
13
-9%
|
12
-9%
|
15
+23%
|
18
+23%
|
23
+27%
|
29
+23%
|
31
+8%
|
32
+2%
|
31
-1%
|
31
-1%
|
34
+8%
|
38
+12%
|
41
+9%
|
43
+4%
|
40
-5%
|
34
-15%
|
25
-28%
|
19
-25%
|
16
-11%
|
17
+5%
|
20
+14%
|
15
-24%
|
17
+11%
|
17
+4%
|
23
+32%
|
36
+56%
|
41
+14%
|
49
+20%
|
57
+16%
|
62
+8%
|
65
+5%
|
59
-9%
|
46
-23%
|
30
-35%
|
17
-43%
|
12
-31%
|
11
-3%
|
23
+107%
|
37
+57%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(43)
|
(39)
|
(35)
|
(33)
|
(35)
|
(36)
|
(35)
|
(34)
|
(31)
|
(31)
|
(32)
|
(31)
|
(28)
|
(32)
|
(33)
|
(35)
|
(36)
|
(36)
|
(36)
|
(37)
|
(40)
|
(42)
|
(47)
|
(52)
|
(50)
|
(51)
|
(48)
|
(45)
|
(44)
|
(43)
|
(42)
|
(42)
|
(44)
|
(46)
|
(47)
|
(46)
|
(48)
|
(50)
|
(50)
|
(46)
|
(82)
|
|
Selling, General & Administrative |
(26)
|
(24)
|
(22)
|
(23)
|
(25)
|
(27)
|
(26)
|
(25)
|
(21)
|
(20)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(22)
|
(21)
|
(21)
|
(21)
|
(21)
|
(24)
|
(25)
|
(29)
|
(32)
|
(30)
|
(31)
|
(27)
|
(25)
|
(25)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(29)
|
(28)
|
(29)
|
(30)
|
(29)
|
(28)
|
(50)
|
|
Research & Development |
(16)
|
(15)
|
(13)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(17)
|
(19)
|
(20)
|
(20)
|
(20)
|
(20)
|
(20)
|
(19)
|
(19)
|
(17)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(21)
|
(21)
|
(18)
|
(32)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
(23)
N/A
|
(24)
-5%
|
(21)
+11%
|
(20)
+5%
|
(20)
+1%
|
(17)
+14%
|
(11)
+34%
|
(5)
+55%
|
0
N/A
|
1
+187%
|
(1)
N/A
|
0
N/A
|
5
+1 627%
|
5
-1%
|
8
+55%
|
8
-3%
|
5
-38%
|
(1)
N/A
|
(11)
-669%
|
(18)
-63%
|
(23)
-28%
|
(25)
-7%
|
(27)
-9%
|
(36)
-35%
|
(34)
+7%
|
(33)
+1%
|
(25)
+26%
|
(9)
+62%
|
(4)
+59%
|
6
N/A
|
14
+129%
|
20
+35%
|
21
+8%
|
13
-37%
|
(2)
N/A
|
(17)
-912%
|
(31)
-88%
|
(39)
-25%
|
(38)
+1%
|
(23)
+40%
|
(46)
-99%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
5
|
5
|
5
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Non-Reccuring Items |
15
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
1
|
0
|
1
|
3
|
3
|
0
|
2
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
2
|
2
|
3
|
2
|
1
|
0
|
6
|
6
|
5
|
6
|
0
|
(8)
|
(7)
|
(9)
|
(12)
|
(26)
|
(29)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
1
|
0
|
0
|
|
Pre-Tax Income |
(3)
N/A
|
(19)
-586%
|
(17)
+12%
|
(21)
-24%
|
(21)
-1%
|
(18)
+14%
|
(12)
+34%
|
(5)
+61%
|
0
N/A
|
1
+229%
|
2
+29%
|
3
+36%
|
5
+79%
|
7
+47%
|
8
+16%
|
8
+6%
|
6
-28%
|
1
-84%
|
(10)
N/A
|
(18)
-81%
|
(23)
-28%
|
(25)
-8%
|
(27)
-8%
|
(36)
-34%
|
(32)
+12%
|
(32)
-1%
|
(23)
+29%
|
(7)
+70%
|
(3)
+58%
|
7
N/A
|
22
+223%
|
26
+21%
|
26
-1%
|
19
-26%
|
(2)
N/A
|
(25)
-1 125%
|
(39)
-58%
|
(48)
-25%
|
(51)
-5%
|
(49)
+3%
|
(76)
-53%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
1
|
1
|
1
|
25
|
25
|
26
|
25
|
2
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
Income from Continuing Operations |
(2)
|
(18)
|
(15)
|
4
|
5
|
9
|
13
|
(2)
|
1
|
2
|
2
|
3
|
5
|
7
|
8
|
8
|
6
|
1
|
(10)
|
(18)
|
(23)
|
(25)
|
(27)
|
(36)
|
(32)
|
(32)
|
(23)
|
(7)
|
(3)
|
6
|
21
|
26
|
25
|
19
|
(2)
|
(24)
|
(38)
|
(48)
|
(51)
|
(49)
|
(76)
|
|
Net Income (Common) |
0
N/A
|
(17)
N/A
|
(13)
+24%
|
5
N/A
|
63
+1 213%
|
72
+13%
|
77
+8%
|
63
-18%
|
8
-87%
|
9
+12%
|
8
-13%
|
8
+7%
|
9
+9%
|
7
-24%
|
8
+16%
|
8
+2%
|
6
-22%
|
1
-77%
|
(9)
N/A
|
(18)
-87%
|
(23)
-31%
|
(25)
-8%
|
(27)
-8%
|
(36)
-34%
|
(32)
+12%
|
(32)
0%
|
(23)
+29%
|
(7)
+69%
|
(3)
+56%
|
6
N/A
|
21
+234%
|
26
+20%
|
25
0%
|
19
-26%
|
(2)
N/A
|
(24)
-917%
|
(38)
-58%
|
(48)
-26%
|
(51)
-5%
|
(75)
-49%
|
(103)
-37%
|
|
EPS (Diluted) |
0
N/A
|
-0.55
N/A
|
-0.41
+25%
|
0.15
N/A
|
2.01
+1 240%
|
2.22
+10%
|
2.45
+10%
|
2.1
-14%
|
0.3
-86%
|
0.34
+13%
|
0.29
-15%
|
0.31
+7%
|
0.33
+6%
|
0.24
-27%
|
0.29
+21%
|
0.3
+3%
|
0.22
-27%
|
0.04
-82%
|
-0.36
N/A
|
-0.66
-83%
|
-0.83
-26%
|
-0.9
-8%
|
-0.96
-7%
|
-1.29
-34%
|
-1.12
+13%
|
-1.09
+3%
|
-0.79
+28%
|
-0.24
+70%
|
-0.12
+50%
|
0.19
N/A
|
0.54
+184%
|
0.72
+33%
|
0.67
-7%
|
0.5
-25%
|
-0.07
N/A
|
-0.65
-829%
|
-1.02
-57%
|
-1.07
-5%
|
-0.93
+13%
|
-14.62
-1 472%
|
-11.58
+21%
|