Rubicon Technology, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 11:16 am
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Rubicon Technology, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.805 million compared to USD 0.848 million a year ago. Net income was USD 0.537 million compared to net loss of USD 0.119 million a year ago. Basic earnings per share from continuing operations was USD 0.22. Diluted earnings per share from continuing operations was USD 0.22.
For the six months, sales was USD 1.78 million compared to USD 1.34 million a year ago. Net income was USD 1.03 million compared to net loss of USD 0.926 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 0.29 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to diluted loss per share from continuing operations of USD 0.29 a year ago.
Rubicon Technology, Inc. is an advanced materials provider specializing in monocrystalline sapphire for applications in optical and industrial systems. It provides optical and industrial sapphire products and materials in a variety of shapes and sizes. Its optical sapphire products are used in equipment for a variety of end markets and high-performance applications, including defense and aerospace, specialty lighting, instrumentation, sensors and detectors, semiconductor process equipment, electronic substrates, medical and laser applications. Sapphire is utilized in optical and industrial applications. Its principal customers include defense subcontractors, industrial manufacturers, fabricators and resellers. It manages its operations and ships from its own facility located in Bensenville, Illinois. It sells its products on a global basis to customers in North America, Europe and Asia. It markets and sells through its direct sales force to customers.
RUBICON TECHNOLOGY, INC. 
