EMCORE Historical Income Statement
EMKR Stock | USD 2.95 0.10 3.51% |
Historical analysis of EMCORE income statement accounts such as Total Revenue of 135.5 M or Gross Profit of 31.1 M can show how well EMCORE performed in making a profits. Evaluating EMCORE income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of EMCORE's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining EMCORE latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether EMCORE is a good buy for the upcoming year.
EMCORE |
About EMCORE Income Statement Analysis
EMCORE Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to EMCORE shareholders. The income statement also shows EMCORE investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
EMCORE Income Statement Chart
EMCORE Income Statement is one of the three primary financial statements used for reporting EMCORE's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of EMCORE revenue and expense. EMCORE Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, EMCORE's Tax Provision is relatively stable compared to the past year. As of 04/24/2024, Interest Income is likely to grow to about 262.5 K, while Operating Income is likely to drop (58.9 M). Add Fundamental
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts EMCORE generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of EMCORE minus its cost of goods sold. It is profit before EMCORE operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of EMCORE. It is also known as EMCORE overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from EMCORE operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of EMCORE is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from EMCORE's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into EMCORE current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.At this time, EMCORE's Tax Provision is relatively stable compared to the past year. As of 04/24/2024, Interest Income is likely to grow to about 262.5 K, while Operating Income is likely to drop (58.9 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 29.7M | 23.4M | 26.9M | 31.1M | Total Revenue | 124.1M | 97.7M | 112.4M | 135.5M |
EMCORE income statement Correlations
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EMCORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EMCORE income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | (2.5M) | 4.1M | 171K | 43.0M | 38.7M | 40.6M | |
Interest Expense | 104K | 466K | 139K | 751K | 863.7K | 771.9K | |
Total Revenue | 110.1M | 158.4M | 124.1M | 97.7M | 112.4M | 135.5M | |
Gross Profit | 35.6M | 61.5M | 29.7M | 23.4M | 26.9M | 31.1M | |
Other Operating Expenses | 119.4M | 138.9M | 146.7M | 125.0M | 143.7M | 162.4M | |
Operating Income | (9.3M) | 9.2M | (22.5M) | (48.7M) | (56.1M) | (58.9M) | |
Ebit | (9.3M) | 9.2M | (22.5M) | (48.7M) | (43.9M) | (41.7M) | |
Ebitda | (11.8M) | 13.2M | (22.4M) | (5.8M) | (5.2M) | (5.4M) | |
Cost Of Revenue | 74.5M | 97.0M | 94.4M | 74.3M | 85.5M | 104.5M | |
Total Operating Expenses | 44.9M | 42.0M | 52.2M | 50.6M | 45.6M | 42.1M | |
Income Before Tax | (6.9M) | 26.2M | (24.5M) | (49.4M) | (56.8M) | (59.6M) | |
Total Other Income Expense Net | 2.4M | 17.0M | (1.9M) | (21.4M) | (24.6M) | (23.3M) | |
Net Income | (7M) | 25.6M | (24.3M) | (76.4M) | (87.9M) | (83.5M) | |
Income Tax Expense | 60K | 572K | (139K) | 42K | 37.8K | 35.9K | |
Selling General Administrative | 24.6M | 24.5M | 33.7M | 32.7M | 37.6M | 31.4M | |
Research Development | 20.3M | 17.4M | 18.5M | 17.9M | 16.1M | 18.0M | |
Net Income Applicable To Common Shares | (36.0M) | (7M) | 25.6M | (24.3M) | (21.9M) | (20.8M) | |
Net Income From Continuing Ops | (7M) | 25.6M | (24.3M) | (49.4M) | (44.5M) | (42.2M) | |
Non Operating Income Net Other | (324K) | (427K) | 198K | 6.8M | 7.8M | 8.2M | |
Tax Provision | 60K | 572K | (139K) | 42K | 48.3K | 50.7K | |
Net Interest Income | (104K) | 466K | (139K) | (751K) | (675.9K) | (642.1K) | |
Reconciled Depreciation | 5.5M | 4.1M | 4.8M | 4.8M | 4.4M | 4.1M |
Pair Trading with EMCORE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EMCORE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EMCORE will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCORE Stock
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Moving against EMCORE Stock
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The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EMCORE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EMCORE to buy it.
The correlation of EMCORE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EMCORE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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Is EMCORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EMCORE. If investors know EMCORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EMCORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.25) | Earnings Share (7.90) | Revenue Per Share 15.825 | Quarterly Revenue Growth 0.207 | Return On Assets (0.07) |
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EMCORE's market value can be influenced by many factors that don't directly affect EMCORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.