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
Website
CEO
Amy Eskilson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INRAD INC, PHOTONIC PRODUCTS GROUP INC
SEC CIK
Corporate docs
IRS number
222003247
INRD stock data
Calendar
12 Aug 22
16 Aug 22
31 Dec 22
Financial summary
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| 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 |
Recent insider trades
| 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 |
Institutional ownership, Q1 2021
35.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0 |
| Total shares | 4.99M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Emancipation Management | 3.87M | $0 |
| Minerva Advisors | 1.12M | $0 |
Financial report summary
?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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absence, arising
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mix
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 22
8-K
Regulation FD Disclosure
10 Jun 22
8-K
We improve the world’s safety, security
10 Jun 22
8-K
Inrad Optics Announced 83% Increase in Orders Booked in 2021
7 Apr 22
8-K
Regulation FD Disclosure
9 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
9 Jun 21
8-K
Regulation FD Disclosure
9 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
25 Jun 20
8-K
Entry into a Material Definitive Agreement
8 May 20
8-K/A
Submission of Matters to a Vote of Security Holders
21 Jun 19
Registration and prospectus
S-8
Registration of securities for employees
21 Jun 10
424B3
Prospectus supplement
11 May 09
POS AM
Prospectus update (post-effective amendment)
30 Apr 09
POS AM
Prospectus update (post-effective amendment)
9 Dec 07
POS AM
Prospectus update (post-effective amendment)
2 Aug 07
POS AM
Prospectus update (post-effective amendment)
28 Dec 04
S-8
Registration of securities for employees
11 Oct 04
424B3
Prospectus supplement
7 Sep 04
S-1
IPO registration
24 Aug 04
REGDEX
Notice of sale of securities
1 Aug 04
Other
SD
Conflict minerals disclosure
26 Apr 22
SD
Conflict minerals disclosure
9 Jun 21
SD
Conflict minerals disclosure
2 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
31 May 15
SD
Conflict minerals disclosure
1 Jun 14
UPLOAD
Letter from SEC
1 Feb 10
Ownership
4
Inrad Optics / George F Murray ownership change
28 Jun 22
4
Inrad Optics / Dennis G Romano ownership change
18 Mar 22
4
Inrad Optics / WILLIAM J FOOTE ownership change
18 Mar 22
4
Inrad Optics / Norman E. Strandlund ownership change
18 Mar 22
4
Inrad Optics / George F Murray ownership change
18 Mar 22
4
Inrad Optics / Amy Eskilson ownership change
18 Mar 22
4
Inrad Optics / Luke P LaValle JR ownership change
18 Mar 22
4
Inrad Optics / THERESA A BALOG ownership change
18 Mar 22
4
Inrad Optics / JAN M WINSTON ownership change
18 Mar 22
SC 13G/A
Inrad Optics / Emancipation Management ownership change
27 Jan 22