INRD Inrad Optics Dashboard

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

OTC

Website

www.inradoptics.com

CEO

Amy Eskilson

Incorporated

New Jersey

Location

New Jersey

Fiscal year end

Dec 31

Sector

Electronic Technology > Industrial Specialties

Industry (SIC)

Electronic Components, NEC

Varex Imaging • Advanced Energy Industries • Vicor • Nortech Systems • Microvision • Impinj • Espey Manufacturing & Electronics • LGL • Bonso Electronics International • Ault Global ...

Former names

INRAD INC, PHOTONIC PRODUCTS GROUP INC

SEC CIK

0000719494

Corporate docs

Articles of Incorporation & Bylaws

IRS number

222003247

INRD stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

31 Mar 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart INRD financial data

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

Recent insider trades

INRD insider ownership history Insider history

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 from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

INRD institutional ownership history Ownership history

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%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: Aid, amd, analytical, annum, challenging, channel, cleaning, commitment, count, coverage, culture, cybersecurity, daily, demonstrating, deploy, driver, effort, employer, exposure, flexibility, forgiven, half, Hedging, home, inclusion, judgment, leave, loan, mechanism, monthly, mortgage, NJ, notification, onsite, Paycheck, payroll, personal, PPP, raw, rebound, regular, rehiring, Relief, robust, sample, SBIR, shareholder, sharp, sick, simplify, Simplifying, speed, spent, staffing, Subtopic, talent, teamwork, thereon, train, training, travel, usage

Removed: activity, approach, aspheric, Canada, entitled, higher, impracticable, insure, principle, prospectively, repatriation, retrospective, retrospectively, revised, taxation, territorial, uncertainty

From filing 10-K 2020 FY