EMCORE Corporation Announces Financial Results for Third Quarter Ended June 30, 2014

My Note: Emcore doesn't mention any appreciable sales in its THz components section/division-

ALBUQUERQUE, N.M., Aug. 7, 2014 (GLOBE NEWSWIRE) -- EMCORE Corporation (EMKR), a leading provider of compound semiconductor-based components, subsystems, and systems for the fiber optics and space solar power markets, today announced its financial results for its fiscal third quarter ended June 30, 2014.

Financial Highlights - Third Quarter Ended June 30, 2014

Financial Highlights	For the Three Months Ended
(in thousands)	6/30/2014			3/31/2014			6/30/2013
	Fiber	Solar	Consolidated	Fiber	Solar	Consolidated	Fiber	Solar	Consolidated
Revenue	$ 26,172	$ 18,410	$ 44,582	$ 23,620	$ 18,627	$ 42,247	$ 21,560	$ 11,913	$ 33,473
Gross Profit	$ 4,288	$ 5,105	$ 9,393	$ 1,933	$ 4,933	$ 6,866	$ 638	$ 3,406	$ 4,044
Operating (loss) income	$ (5,092)	$ 1,961	$ (3,131)	$ (7,320)	$ 2,071	$ (5,249)	$ (8,998)	$ 1,329	$ (7,669)

Financial Statement Highlights for the third quarter of fiscal 2014:

• Consolidated revenue was $44.6 million, representing a 5.5% increase from the immediate preceding quarter
• Fiber Optics revenues increased 10.8% over the immediate preceding quarter to $26.2 million, and Photovoltaics revenue decreased 1.2% to $18.4 million over the immediate preceding quarter
• Consolidated gross margin was 21.1%, an increase from the 16.3% gross margin reported in the immediate preceding quarter
• On a segment basis, Fiber Optics gross margin increased to 16.4% from the 8.2% gross margin reported in the immediate preceding quarter and Photovoltaics gross margin increased to 27.7% from the 26.5% gross margin reported in the immediate preceding quarter.
• Consolidated operating loss was $3.1 million, a $2.1 million improvement when compared to the immediate preceding quarter
• Consolidated net loss was $3.2 million, a $2.2 million improvement when compared to the immediate preceding quarter
• Consolidated net loss per share was $0.10 compared to a net loss per share of $0.18 in the immediate preceding quarter
• Non-GAAP net loss was $1.6 million, or $0.05 per share, an improvement of approximately $1.0 million, or $0.03 per share, over the immediate preceding quarter
• Order backlog for our Photovoltaics segment totaled $70.5 million as of June 30, 2014, representing a 37.2% increase from $51.4 million reported as of March 31, 2014
• Cash and cash equivalents stayed relatively flat at $18.2 million at the end of the third quarter

Business Outlook

On a consolidated basis, we expect revenue for our fourth quarter ended September 30, 2014 to be in the range of $41 to $45 million with an increase in Fiber revenue and a decrease in Photovoltaics revenue.