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Inrad Optics (INRD)

Inrad Optics, Inc. engages in the development, manufacture, and marketing of products and services for use in photonics industry sectors. It specializes in crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and opto-mechanical assemblies. The company was founded in April 1973 and is headquartered in Northvale, NJ.

Company profile

INRD stock data

Calendar

12 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.52M 1.52M 1.52M 1.52M 1.52M 1.52M
Cash burn (monthly) 91.4K (no burn) (no burn) (no burn) 68.7K (no burn)
Cash used (since last report) 143.42K n/a n/a n/a 107.81K n/a
Cash remaining 1.38M n/a n/a n/a 1.41M n/a
Runway (months of cash) 15.0 n/a n/a n/a 20.5 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jun 22 George F Murray Stock Option Common Stock Acquire X No No 0.23 15,000 3.45K 21,000
21 Jun 22 George F Murray Stock Option Common Stock Acquire X No No 0.27 6,000 1.62K 6,000
24 Feb 22 Luke P LaValle JR Employee Stock Option Common stock Grant Acquire A No No 1.2 10,000 12K 80,000
24 Feb 22 Balog Theresa A Employee Stock Option Common stock Grant Acquire A No No 1.2 30,000 36K 99,239
24 Feb 22 Jan M Winston Employee Stock Option Common stock Grant Acquire A No No 1.2 10,000 12K 80,000
24 Feb 22 Amy Eskilson Employee Stock Option Common stock Grant Acquire A No No 1.2 50,000 60K 460,187
35.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2 2
Opened positions 0 2 EXIT
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 4.99M 4.99M
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Emancipation Management 3.87M $0 0.0%
Minerva Advisors 1.12M $0 0.0%
Largest transactions Shares Bought/sold Change
Emancipation Management 3.87M 0 0.0%
Minerva Advisors 1.12M 0 0.0%

Financial report summary

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Management Discussion
  • Inrad Optics is a vertically integrated manufacturer specializing in glass, crystal, and metal based optical components and assemblies. Manufacturing capabilities include super-precision optical surfacing, precision diamond turning, the ability to handle large substrates, proprietary optical contacting processes, thin film coatings, and high resolution in-process metrology. The Company built its reputation on the growth and fabrication of UV filter crystals and non-linear crystals and devices. Today, product offerings include optical components and assemblies for the ultraviolet to infrared range, and bent crystal assemblies for x-ray applications.
  • Inrad Optics’ customers include leading corporations in semiconductor wafer inspection, industrial and scientific process control and metrology, defense, space, and laser systems sectors, as well as the U.S. Government, National Laboratories and universities and institutions worldwide.
  • All R&D, engineering, manufacturing and administrative operations are undertaken in our 42,000 square foot facility in Northvale, New Jersey.

Content analysis

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