Emcore Posts Solid Q2
Emcore, a provider of InP optical chips and systems, has announced financial results for its second quarter ended March 31, 2017.
“Emcore turned in a solid quarter, with excellent growth in revenue and non-GAAP net income. But perhaps more importantly, we transitioned production to our new Beijing facility; opening the door to even more efficient operations going forward," said Jeffrey Rittichier, Emcore's president and CEO.
He added: “The combination of strength in the CATV market, a more efficient manufacturing platform and growth in other high profit margin products gives us confidence that we will exceed our target of 12.5 percent non-GAAP Operating Margin commitment."
The company expects its Q3 revenue will be $29 to $31 million.