Inrad Optics, Inc. Reports Earnings Results for the Full Year Ended December 31, 2018
April 01, 2019 at 11:37 am EDT
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Inrad Optics, Inc. announced earnings results for the full year ended December 31, 2018. For the full year, the company announced sales was USD 11.488 million compared to USD 9.859 million a year ago. Operating income was USD 867,440 compared to operating loss of USD 494,127 a year ago. Net income was USD 706,608 compared to net loss of USD 682,531 a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.05 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. 
