Inrad Optics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 13, 2021 at 11:58 am EDT
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Inrad Optics, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 2.779 million compared to USD 2.050 million a year ago. Operating income was USD 203,983 compared to operating loss of USD 286,224 a year ago. Net income was USD 1.140 million compared to net loss of USD 324,487 a year ago. Basic earnings per share from continuing operations was USD 0.08 compared to basic loss per share from continuing operations of USD 0.02 a year ago.
Inrad Optics, Inc. develops, manufactures, and markets products and services for use in photonics enabled industry sectors. The Company is a vertically integrated manufacturer specializing in glass, crystal, and metal-based optical components, and sub-assemblies. As original equipment manufacturers (OEM) demand waned for such crystals, the Company transitioned to a vertically integrated photonics manufacturer focused in three main categories: Ultraviolet (UV) to Infrared Optical Components (IR), X-ray Imaging Optics, and Metal Substrate Optics. The Company offers thin-film coating services, opto-mechanical design for manufacturability, and complex assembly services as part of its deliverables, and supports prototyping through production requirements across all three product areas. Its customers include corporations in the semiconductor equipment, process control and metrology, defense, aerospace, laser systems sectors, United States Government, and National Laboratories.
INRAD OPTICS, INC. 
