EMCORE Corporation Reports Fiscal Q1 2025 Financial Results

EMCORE Corporation announced its fiscal first quarter results for 2025, ending December 31, 2024. The company showed significant improvement in gross profit margins, attributed to completed restructuring and a favorable revenue mix. Despite a GAAP earnings loss, EMCORE reported positive non-GAAP earnings and Adjusted EBITDA.

During the quarter, revenue decreased to $19.3 million from $21.7 million in the previous quarter. However, the gross margin improved notably from 21% to 32%. Operating expenses rose by $1.9 million, resulting in a net loss on continuing operations of $5.5 million, compared to $3.2 million in the preceding quarter.

On a non-GAAP basis, the company showed a net income of $0.5 million, up from a $2.0 million loss previously. Cash reserves decreased slightly to $9.0 million by the quarter's end.