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Emcore Posts $6.6M Q4 Loss

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ALBUQUERQUE, N.M. -- EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound semiconductor-based components, subsystems, and systems for the fiber optics and solar power markets, today announced its financial results for its fourth quarter and fiscal year ended September 30, 2012.

Consolidated revenue for the fourth quarter ended September 30, 2012 was $47.5 million, which represents an 8.9% decrease compared to the prior year and a 15.6% increase compared to the immediate preceding quarter. On a segment basis, revenue for the Fiber Optics segment was $30.1 million, which represents a 2.7% decrease compared to the prior year and a 16.5% increase compared to the immediate preceding quarter. Revenue for the Photovoltaics segment was $17.4 million, which represents a 17.9% decrease compared to the prior year and a 14.2% increase compared to the immediate preceding quarter.

Consolidated gross profit was $4.6 million, which represents a 54.2% decrease compared to the prior year and a 4.8% increase compared to the immediate preceding quarter. Consolidated gross margin was 9.7%, which represents a decrease from the 19.2% gross margin reported in the prior year and a decrease from the 10.7% gross margin reported in the immediate preceding quarter. On a segment basis, Fiber Optics gross margin was 2.4%, which represents a decrease from the 18.0% gross margin reported in the prior year and a decrease from the 9.3% gross margin reported in the immediate preceding quarter. Photovoltaics gross margin was 22.2%, which represents an increase from the 21.0% gross margin reported in the prior year and an increase from the 13.0% gross margin reported in the immediate preceding quarter.

Emcore Corp. (Nasdaq: EMKR)

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