Rubicon Technology, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 04:12 pm EST
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Rubicon Technology, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.691 million compared to USD 1.3 million a year ago. Net loss was USD 0.297 million compared to net income of USD 0.12 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.08 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago.
For the nine months, sales was USD 2.47 million compared to USD 2.65 million a year ago. Net income was USD 0.734 million compared to net loss of USD 0.806 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to basic loss per share from continuing operations of USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to diluted loss per share from continuing operations of USD 0.22 a year ago.
Rubicon Technology, Inc. is an advanced materials provider specializing in monocrystalline sapphire for applications in optical and industrial systems. It provides optical and industrial sapphire products and materials in a variety of shapes and sizes. Its optical sapphire products are used in equipment for a variety of end markets and high-performance applications, including defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical and laser applications. Sapphire is utilized in optical and industrial applications. Its principal customers include defense subcontractors, industrial manufacturers, fabricators and resellers. It manages its operations and ships from its own facility located in Bensenville, Illinois. It sells its products on a global basis to customers in North America, Europe and Asia. It markets and sells through its direct sales force to customers.
RUBICON TECHNOLOGY, INC. 