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RBCN Rubicon Technology

Rubicon Technology, Inc. engages in the provision of monocrystalline sapphire for applications in optical and industrial systems. It operates through the following segments: North America, Asia, and Other. The company was founded on February 7, 2001 and is headquartered in Bensenville, IL.

Company profile

Ticker
RBCN
Exchange
CEO
Timothy Brog
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Rubicon Technologies, Inc. • Rubicon Technology Worldwide LLC • Rubicon Technology BP LLC • Rubicon DTP LLC ...
IRS number
364419301

RBCN stock data

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Calendar

12 Aug 21
17 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.7M 10.7M 10.7M 10.7M 10.7M 10.7M
Cash burn (monthly) (positive/no burn) 15.17K 12.67K 129.42K 10K 24.5K
Cash used (since last report) n/a 54.58K 45.58K 465.72K 35.99K 88.17K
Cash remaining n/a 10.65M 10.65M 10.23M 10.66M 10.61M
Runway (months of cash) n/a 701.9 841.1 79.1 1066.4 433.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Jun 21 Jefferson Gramm RSU Common Stock Grant Acquire A No No 9.9 1,010 10K 1,010
24 Jun 21 Michael E Mikolajczyk RSU Common Stock Grant Acquire A No No 9.9 1,010 10K 1,010
24 Jun 21 Susan Westphal RSU Common Stock Grant Acquire A No No 9.9 1,010 10K 1,010
23 Jun 21 Jefferson Gramm Common Stock Grant Acquire A No No 0 1,250 0 4,444
23 Jun 21 Michael E Mikolajczyk Common Stock Grant Acquire A No No 0 1,250 0 62,297
23 Jun 21 Susan Westphal Common Stock Grant Acquire A No No 0 1,250 0 7,878
6 Apr 21 Brog Timothy Common Stock Payment of exercise Dispose F No No 10.81 14,950 161.61K 103,600
6 Apr 21 Brog Timothy Common Stock Grant Acquire A No No 0 31,550 0 118,550

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

35.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 20 2 +900.0%
Opened positions 18 0 NEW
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 8.17M 2.67M +206.5%
Total shares 872.89K 293.37K +197.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Bandera Partners 258.26K $2.45M NEW
Aldebaran Capital 160.37K $1.46M 0.0%
Poplar Point Capital Management 133K $1.2M 0.0%
Renaissance Technologies 105.88K $1.01M NEW
Vanguard 96.75K $919K NEW
BLK Blackrock 41.04K $390K NEW
Marquette Asset Management 22.39K $214K NEW
Ariel Investments 21.55K $205K NEW
Advisor 13.3K $126K NEW
Geode Capital Management 11.57K $110K NEW
Largest transactions
Shares Bought/sold Change
Bandera Partners 258.26K +258.26K NEW
Renaissance Technologies 105.88K +105.88K NEW
Vanguard 96.75K +96.75K NEW
BLK Blackrock 41.04K +41.04K NEW
Marquette Asset Management 22.39K +22.39K NEW
Ariel Investments 21.55K +21.55K NEW
Advisor 13.3K +13.3K NEW
Geode Capital Management 11.57K +11.57K NEW
JBF Capital 2.87K +2.87K NEW
UBS UBS Group AG - Registered Shares 2.01K +2.01K NEW

Financial report summary

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Management Discussion
  • Revenue. Revenue was $4.5 million for the year ended December 31, 2020, and $3.5 million for the year ended December 31, 2019, an increase of $940,000. This increase was primarily the result of a $671,000 increase in sales from DDRX which had a full year of operations in 2020 compared to eight months in the prior year. Revenue from our optical and industrial sapphire business also increased in 2020 by $269,000 due to the timing of shipments.
  • Gross profit (loss). Gross profit was $1.2 million for the year ended December 31, 2020 and $1.1 million for the year ended December 31, 2019, an increase of $158,000. There was an increase in gross profit of $131,000 primarily due to increase sales and the full year inclusion of Direct Dose in 2020 as compared to only operating for eight months in 2019 and an increase of $27,000 in RTW gross profit resulting from a $345,000 higher gross profit due to increased RTW sales and lower idle plant expense, offset by $318,000 primarily resulting from a higher production scrap expense due to the usage of lower quality boules.
  • General and administrative expenses. General and administrative expenses were $2.47 million and $2.55 million for the years ended December 31, 2020 and 2019 respectively, a decrease of $78,000. This decrease was the result of the effects of the COVID-19 pandemic and cost containment measures implemented by the Company which lowered spending for salary and travel together with lower bad debt expense, caused the reduction of general and administrative expense at RTW by $107,000 which was offset by an increase in Direct Dose general and administrative expenses of $29,000 due to the inclusion of a full year in 2020 of such expenses.
Content analysis
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H.S. freshman Avg
New words: America, began, ceased, closure, decided, discontinued, discontinuing, drop, transitioning
Removed: Bensenville, compared, jurisdiction, leased, manage