Wed, Aug 14, 8:09 PM (153 days ago)
On August 6, 2024, EMCORE Corporation filed an amended Form 8-K with the SEC to correct its preliminary financial results for the third fiscal quarter ended June 30, 2024. The amendment reflects revisions in the accounting of outstanding warrants, leading to significant adjustments in the company's financial statements. Total liabilities increased from $54.09 million to $56.18 million, while shareholders' equity decreased from $54.35 million to $52.26 million. The net loss on continuing operations was revised from ($14.53) million and ($1.60) per share to ($11.55) million and ($1.27) per share. Overall, the net loss decreased from ($16.94) million and ($1.87) per share to ($13.96) million and ($1.54) per share, respectively. These corrections will be reflected in the upcoming Quarterly Report on Form 10-Q. The press release detailing these changes is included as Exhibit 99.1 in the filing.