After a period of strong orders for CPV systems used for commercial satellite projects, Emcore reported a decline in its backlog and guided a further reduction in sales as new orders were impacted by a delay with an unidentified satellite order. The company posted a net loss was US$3.6 million in the last quarter on combined sales of US$52.1 million. Revenue for the Photovoltaics segment was US$20.3 million, a new record, which represented a 21% increase compared to the same period a year ago and a 3% increase compared to the previous quarter.
Emcore reported a backlog for Photovoltaics of US$36.1 million, a 32% decline from US$52.9 million reported in the immediate preceding quarter. The decline was due to completed projects and a delay in an expected new order.
Guidance was given for the March quarter of lower revenue in the range of US$46 to US$49 million.