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Last $0.26 USD
Change Today -0.04 / -13.33%
Volume 2.4K
As of 8:10 PM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

inrad optics inc (INRD) Snapshot

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03/3/15 - $0.50
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12/22/14 - $0.14
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inrad optics inc (INRD) Details

Inrad Optics, Inc., together with its subsidiaries, develops, manufactures, and markets crystal-based optical components and devices, custom optical components, precision optical and opto-mechanical assemblies that are used in the photonics industry sectors. It provides optical components, optical coatings, and subassemblies for military, aerospace, industrial, and medical marketplace; planar, prismatic, and spherical components fabricated from glass and synthetic crystals comprising mirrors, lenses, prisms, wave plates, polarizing optics, monochromators, X-ray mirrors, and cavity optics for lasers; and UV filter optical components for use in critical applications in defense systems, such as missile warning sensors. The company also offers laser system devices and instrumentation products comprising electro-optic and nonlinear crystal devices for altering the intensity, polarization, or wavelength of a laser beam, as well as other crystal components for use in laser research and commercial laser systems; and pockels cells and associated electronics. It serves corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, national laboratories, and universities. The company markets its products through sales, marketing, and customer service teams in the United States, as well as through independent sales agents primarily in Canada, the United Kingdom, the European Union, Israel, and Japan. The company was formerly known as Photonic Products Group, Inc. and changed its name to Inrad Optics, Inc. in 2012. Inrad Optics, Inc. was founded in 1973 and is headquartered in Northvale, New Jersey.

70 Employees
Last Reported Date: 04/13/15
Founded in 1973

inrad optics inc (INRD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $180.0K
Chief Financial Officer, Treasurer and Secret...
Total Annual Compensation: $149.7K
Vice President of Sales and Marketing
Total Annual Compensation: $136.5K
Compensation as of Fiscal Year 2014.

inrad optics inc (INRD) Key Developments

Inrad Optics, Inc., Annual General Meeting, Jun 17, 2015

Inrad Optics, Inc., Annual General Meeting, Jun 17, 2015., at 10:00 US Eastern Standard Time. Location: 181 Legrand Avenue. Agenda: To elect one director, named herein, to hold office for a term of three years; to ratify the appointment of Baker Tilly Virchow Krause, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2015; to approve, as a non-binding advisory vote, its named executive officer compensation; and to transact such other business as may properly come before the meeting or any adjournment thereof.

Inrad Optics, Inc. announced delayed annual 10-K filing

On 03/31/2015, Inrad Optics, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Inrad Optics, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Inrad Optics, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenue was $2,912,538 compared to $2,756,488 a year ago. Third quarter sales reflected an improvement in shipments to the defense and process control and metrology markets over the comparable period last year. Loss from operations was $142,085 compared to $193,231 a year ago. Net loss before income taxes was $90,621 compared to $238,793 a year ago. Net loss was $90,621 compared to $238,793 a year ago. Basic and diluted earnings per share was $0.01 compared to $0.02 a year ago. For the nine months, the company's total revenue was $7,044,464 compared to $8,528,212 a year ago. Despite the improvement in the third quarter, year-to-date sales to customers in the defense market decreased, along with sales in the university and national lab market compared to last year. This was partially offset by an increase in sales to customers in the process control & metrology and laser systems markets in the nine months ended September 30, 2014 compared to 2013. Loss from operations was $2,023,139 compared to $949,873 a year ago. Net loss before income taxes was $1,996,784 compared to $1,055,911 a year ago. Net loss was $1,996,784 compared to $1,055,911 a year ago. Basic and diluted earnings per share was $0.16 compared to $0.09 a year ago. Net cash used in operating activities was $1,171,073,000 compared to net cash provided by operating activities of $89,711 a year ago. The difference primarily reflects the increase in the operating loss in the current period. Capital expenditures was $382,331 compared to $448,406 a year ago.


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