EMCORE Corp
NASDAQ:EMKR
Income Statement
Earnings Waterfall
EMCORE Corp
Income Statement
EMCORE Corp
| 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 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Revenue |
59
N/A
|
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%
|
161
-3%
|
143
-12%
|
45
-68%
|
23
-49%
|
15
-36%
|
18
+21%
|
98
+453%
|
102
+4%
|
97
-5%
|
91
-6%
|
86
-6%
|
81
-6%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(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)
|
(41)
|
(30)
|
(26)
|
(30)
|
(74)
|
(77)
|
(74)
|
(66)
|
(67)
|
(62)
|
|
| Gross Profit |
15
N/A
|
18
+23%
|
23
+27%
|
29
+23%
|
31
+8%
|
32
+2%
|
31
-1%
|
31
-1%
|
34
+9%
|
38
+12%
|
41
+9%
|
43
+4%
|
40
-5%
|
34
-15%
|
25
-28%
|
18
-25%
|
16
-11%
|
17
+5%
|
20
+15%
|
15
-24%
|
17
+11%
|
17
+4%
|
23
+32%
|
36
+55%
|
41
+14%
|
49
+20%
|
57
+16%
|
61
+8%
|
65
+5%
|
59
-9%
|
46
-23%
|
4
-91%
|
(7)
N/A
|
(12)
-57%
|
(12)
-3%
|
23
N/A
|
25
+7%
|
23
-6%
|
25
+6%
|
19
-25%
|
19
+1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(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)
|
(36)
|
(38)
|
(39)
|
(39)
|
(46)
|
(43)
|
(39)
|
(36)
|
(35)
|
(34)
|
|
| Selling, General & Administrative |
(25)
|
(27)
|
(26)
|
(25)
|
(21)
|
(20)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(22)
|
(21)
|
(21)
|
(21)
|
(21)
|
(24)
|
(25)
|
(29)
|
(32)
|
(30)
|
(31)
|
(27)
|
(25)
|
(25)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(29)
|
(22)
|
(24)
|
(26)
|
(24)
|
(28)
|
(26)
|
(23)
|
(21)
|
(22)
|
(23)
|
|
| Research & Development |
(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)
|
(14)
|
(13)
|
(14)
|
(14)
|
(18)
|
(17)
|
(16)
|
(15)
|
(13)
|
(11)
|
|
| Other Operating Expenses |
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
|
0
|
0
|
0
|
0
|
|
| Operating Income |
(20)
N/A
|
(17)
+14%
|
(11)
+34%
|
(5)
+55%
|
0
N/A
|
1
+183%
|
(1)
N/A
|
0
N/A
|
5
+1 634%
|
5
-1%
|
8
+55%
|
8
-2%
|
5
-38%
|
(1)
N/A
|
(11)
-666%
|
(18)
-64%
|
(23)
-28%
|
(25)
-7%
|
(27)
-9%
|
(36)
-35%
|
(34)
+8%
|
(33)
+1%
|
(25)
+26%
|
(9)
+62%
|
(4)
+59%
|
6
N/A
|
14
+129%
|
19
+35%
|
21
+8%
|
13
-38%
|
(2)
N/A
|
(32)
-1 841%
|
(45)
-41%
|
(51)
-13%
|
(51)
+1%
|
(23)
+55%
|
(18)
+22%
|
(15)
+14%
|
(11)
+30%
|
(16)
-53%
|
(15)
+10%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
1
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
| Non-Reccuring Items |
(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
|
(9)
|
(7)
|
(7)
|
(11)
|
(26)
|
(27)
|
(28)
|
(34)
|
(9)
|
(10)
|
|
| 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)
|
(0)
|
(0)
|
(2)
|
|
| Pre-Tax Income |
(21)
N/A
|
(18)
+14%
|
(12)
+34%
|
(4)
+62%
|
0
N/A
|
1
+232%
|
2
+29%
|
3
+37%
|
5
+77%
|
7
+47%
|
8
+16%
|
8
+6%
|
6
-27%
|
1
-84%
|
(10)
N/A
|
(18)
-81%
|
(23)
-29%
|
(25)
-8%
|
(27)
-8%
|
(36)
-34%
|
(32)
+12%
|
(32)
0%
|
(23)
+29%
|
(7)
+69%
|
(3)
+58%
|
7
N/A
|
22
+223%
|
26
+22%
|
26
-1%
|
19
-26%
|
(2)
N/A
|
(41)
-1 943%
|
(52)
-26%
|
(58)
-14%
|
(61)
-4%
|
(49)
+19%
|
(46)
+8%
|
(44)
+4%
|
(46)
-4%
|
(27)
+41%
|
(28)
-4%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
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
|
(0)
|
0
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
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)
|
(41)
|
(51)
|
(58)
|
(61)
|
(49)
|
(46)
|
(44)
|
(46)
|
(27)
|
(28)
|
|
| Net Income (Common) |
63
N/A
|
72
+13%
|
77
+8%
|
63
-18%
|
8
-87%
|
9
+12%
|
8
-13%
|
8
+7%
|
9
+9%
|
7
-24%
|
8
+16%
|
8
+3%
|
6
-22%
|
1
-77%
|
(9)
N/A
|
(17)
-86%
|
(23)
-31%
|
(25)
-8%
|
(27)
-8%
|
(36)
-34%
|
(32)
+12%
|
(32)
0%
|
(23)
+29%
|
(7)
+69%
|
(3)
+56%
|
6
N/A
|
21
+234%
|
26
+21%
|
25
-1%
|
19
-26%
|
(2)
N/A
|
(24)
-920%
|
(38)
-58%
|
(48)
-26%
|
(51)
-5%
|
(75)
-49%
|
(69)
+8%
|
(66)
+5%
|
(70)
-6%
|
(31)
+55%
|
(31)
+1%
|
|
| EPS (Diluted) |
20.18
N/A
|
22.29
+10%
|
24.53
+10%
|
21.02
-14%
|
3.09
-85%
|
3.42
+11%
|
2.95
-14%
|
3.11
+5%
|
3.34
+7%
|
2.5
-25%
|
2.88
+15%
|
2.98
+3%
|
2.36
-21%
|
0.54
-77%
|
-3.41
N/A
|
-6.4
-88%
|
-8.32
-30%
|
-8.98
-8%
|
-9.6
-7%
|
-12.86
-34%
|
-11.02
+14%
|
-10.97
+0%
|
-7.73
+30%
|
-2.4
+69%
|
-1.01
+58%
|
1.84
N/A
|
5.46
+197%
|
7.17
+31%
|
6.53
-9%
|
5.07
-22%
|
-0.63
N/A
|
-6.52
-935%
|
-10.23
-57%
|
-10.7
-5%
|
-9.39
+12%
|
-14.62
-56%
|
-7.79
+47%
|
-7.35
+6%
|
-7.7
-5%
|
-3.46
+55%
|
-3.42
+1%
|
|