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Non-Tech : Emcore Corporation (EMKR) -- Ignore unavailable to you. Want to Upgrade?

To: bob zagorin who wrote (635)	8/19/2009 4:43:03 PM
From: The Ox	Read Replies (1) \| Respond to of 640

I agree, after reading the CC transcript, I also feel better about the near term future. Thanks for the link. This section shows a very positive turnaround from the way they were running things over the past few years: Now, on to backlog, as of June 30th, the company had a consolidated order backlog of $49.6 million which represents an $18.9 million or 62% increase over the $30.7 million order backlog that was reported as of the end of the preceding second quarter. On a segment basis, the quarter end photovoltaic’s order backlog totaled $36.2 million which represents a $16.4 million or 83% increase from the $19.8 million order backlog reported as of the end of the preceding quarter. During the quarter we entered in to a number of significant multiyear satellite supply agreements with customers such as Space Systems Loral, Boeing Corporation, NASA and the Air Force Research Laboratory. Since the beginning of the calendar year, we have received over $100 million in firm orders and purchase agreements for satellite solar products and service contracts. The quarter end fiber optics order backlog totaled $13.4 million which is a $2.5 million or 23% increase from a $10.9 million order backlog reported as of the end of the preceding quarter with the increase being fairly broad based across multiple product lines. Our order backlog is defined as purchase orders or supply agreements accepted by the company with expected product delivery and/or services to be performed within the next 12 months. Moving on to liquidity and the balance sheet, during the quarter we continued to make progress in improving the company’s liquidity and strengthening the balance sheet. On a consolidated basis we generated positive cash flow from operations during the quarter as well as positive free cash flow, that is net of capital expenditures. This is the first quarter in several years that the company has achieved positive cash flow from operations in a fiscal quarter and over the last three quarters our cash flow numbers have improved dramatically from a cash burn of $21.1 million and $9.5 million in the December and March quarters respectively to the achievement of positive cash flow in the June quarter.