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INRD Inrad Optics

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

Ticker
INRD
Exchange
CEO
Amy Eskilson
Employees
Incorporated
Location
Fiscal year end
Former names
INRAD INC, PHOTONIC PRODUCTS GROUP INC
SEC CIK
IRS number
222003247

INRD stock data

(
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Calendar

31 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 1.13M 1.13M 1.13M 1.13M 1.13M 1.13M
Cash burn (monthly) 158.5K (positive/no burn) 132.77K 62.35K 144.69K 48.94K
Cash used (since last report) 545.52K n/a 456.97K 214.59K 498K 168.46K
Cash remaining 584.18K n/a 672.73K 915.11K 631.7K 961.25K
Runway (months of cash) 3.7 n/a 5.1 14.7 4.4 19.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Mar 21 Dennis G Romano Employee Stock Option Common stock Grant Aquire A No No 0.62 10,000 6.2K 75,000
24 Mar 21 Amy Eskilson Employee Stock Option Common stock Grant Aquire A No No 0.62 50,000 31K 407,079
24 Mar 21 Luke P LaValle JR Employee Stock Option Common stock Grant Aquire A No No 0.62 10,000 6.2K 75,000
24 Mar 21 Jan M Winston Employee Stock Option Common stock Grant Aquire A No No 0.62 10,000 6.2K 75,000
24 Mar 21 George F Murray Employee Stock Option Common stock Grant Aquire A No No 0.62 20,000 12.4K 226,485

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

36.1% 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
  • Sales were $9.0 million in 2020, a decrease of 10.0% or $1.0 million, compared to $10.0 million in 2019. Lower bookings in 2019 combined with the effects of mandatory shutdowns, customer pushouts, and reduced demand led to the decrease in sales in 2020.
  • Sales to the defense and aerospace market in 2020 increased 5.6%, or $0.2 million to $3.9 million from $3.7 million in 2019. Sales in the defense and aerospace market represented 43.5% and 37.0% of total sales in 2020 and 2019, respectively. The increase in military and defense spending resulted in stronger demand for our products in 2020.
  • Sales in the process control and metrology market decreased $0.9 million, or 20.6% to $3.3 million in 2020 from $4.2 million in 2019. Sales in the process control and metrology represented 36.9% and 41.9% of total sales in 2020 and 2019, respectively. Decreased demand for critical components in the semiconductor capital equipment market negatively impacted sales in 2020 and 2019.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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