Company Quick10K Filing
Rubicon Technology
10-K 2019-12-31 Filed 2020-03-23
10-Q 2019-09-30 Filed 2019-11-14
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-14
10-K 2018-12-31 Filed 2019-03-22
10-Q 2018-09-30 Filed 2018-11-13
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-14
10-K 2017-12-31 Filed 2018-03-20
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-10
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-03-16
10-Q 2016-09-30 Filed 2016-11-09
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-10
10-K 2015-12-31 Filed 2016-03-14
10-Q 2015-09-30 Filed 2015-11-09
10-Q 2015-06-30 Filed 2015-08-07
10-Q 2015-03-31 Filed 2015-05-08
10-K 2014-12-31 Filed 2015-03-13
10-Q 2014-09-30 Filed 2014-11-07
10-Q 2014-06-30 Filed 2014-08-08
10-Q 2014-03-31 Filed 2014-05-08
10-K 2013-12-31 Filed 2014-03-13
10-Q 2013-09-30 Filed 2013-11-08
10-Q 2013-06-30 Filed 2013-08-08
10-Q 2013-03-31 Filed 2013-05-09
10-Q 2012-06-30 Filed 2012-08-08
10-Q 2012-03-31 Filed 2012-05-09
10-K 2011-12-31 Filed 2012-03-15
10-Q 2011-09-30 Filed 2011-11-09
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-09
10-K 2010-12-31 Filed 2011-03-15
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-05
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-03-19 Enter Agreement
8-K 2020-02-26 Enter Agreement, Exhibits
8-K 2019-12-19 Enter Agreement, Exhibits
8-K 2019-11-18 Officers
8-K 2019-05-30 Shareholder Vote
8-K 2019-05-17 Regulation FD, Exhibits
8-K 2019-03-18 Officers
8-K 2018-11-19 Other Events, Exhibits
8-K 2018-09-27 M&A, Exhibits
8-K 2018-09-05 M&A
8-K 2018-08-20 Enter Agreement, Exhibits
8-K 2018-06-04 Officers, Exhibits
8-K 2018-05-10 Shareholder Rights, Amend Bylaw, Shareholder Vote, Exhibits
8-K 2018-04-23 Officers
8-K 2017-12-28

Rubicon Technology Financials

RBCN Metrics, Comps, Filings

Quarterly | Annual

Business

We are a vertically integrated, advanced materials provider specializing in monocrystalline sapphire for applications in optical and industrial systems. We design, assemble and maintain our own proprietary crystal growth furnaces to grow high-purity, low-stress, ultra-low-defect-density sapphire crystals. We use our proprietary crystal growth technology to produce high-quality sapphire products to meet our customers' exacting specifications. Sapphire is a desirable material for high-performance applications due to its hardness and strength, transparency in the visible and infrared spectrum, thermal conductivity, thermal shock resistance, abrasion resistance, high melting point and chemical inertness. As a result, it is ideally suited for extreme environments in a range of industries where material durability is just as important as optical clarity. We believe that we continue to have a reputation as one of the highest quality sapphire producers in the market. We provide optical and industrial sapphire products in various shapes and sizes, including round and rectangular windows and blanks, domes, tubes and rods.

Historically, we have also provided sapphire products to the LED and mobile device markets, which are the largest markets for sapphire. However, given competitive pressures in those markets, in the fourth quarter of 2016 we announced our decision to limit our focus to the optical and industrial sapphire markets and exit the LED market. Following this decision, we developed a plan to close our Malaysia facility and scale down and consolidate our remaining operations in the U.S. In 2017 and 2018, we completed individual sales and held auctions for assets located in Malaysia and at each of our U.S. properties, resulting in the sale of certain of our excess equipment and consumable assets. We continue to seek buyers for a few pieces of our remaining unsold Malaysia equipment. In September 2018, we completed the sale of our manufacturing and office facility located in Batavia, Illinois. We are pursuing the sale of our parcel of land in Batavia, Illinois, and the sale or lease of our 65,000 square-foot manufacturing facility in Penang, Malaysia. The timing on the sale or lease of this real estate is difficult to predict.

We manage direct sales, grow and fabricate sapphire parts and ship from our Bensenville, Illinois, facility. Previously, we leased this property, and it served as the headquarters of our operations and one of our growth facilities. In the third quarter of 2018, we vacated our leased Franklin Park, Illinois, facility due to the expiration of our lease. In September 2018, we completed the purchase of our Bensenville property and consolidated all of our operations into this facility.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Everspin Technologies (MRAM) 106,968 47% -10.3 -33% 35,114 17,054 27,850 13,158 -11,589 -9,725 99,936
Resonant (RESN) 92,919 0% -3.7 -92% 23,881 7,897 276 0 -22,082 -21,346 78,045
Emcore (EMKR) 87,835 17% -2.3 -33% 109,562 32,816 87,265 15,089 -35,984 -28,746 65,858
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
Atomera (ATOM) 62,832 43% -4.5 -59% 17,449 1,280 395 171 -10,254 -10,221 46,032
Kopin (KOPN) 58,258 5% -1.5 -65% 51,352 15,541 28,533 1,439 -33,364 -32,689 49,500
Intermolecular (IMI) 57,720 72% -8.8 -18% 45,278 17,495 19,131 13,818 -8,282 -6,337 55,560
QuickLogic (QUIK) 43,126 54% -1.5 -35% 35,801 19,563 7,439 4,042 -12,381 -12,282 18,304
Rubicon Technology (RBCN) 25,706 16% -16.0 -3% 34,545 1,249 2,272 373 -1,132 -989 15,821
LightPath Technologies (LPTH) 24,282 36% -1,427.5 -8% 46,110 13,862 32,751 11,867 -3,473 -18 25,057
Supercom (SPCB) 20,803 0% 44,349 24,799 0 0 0 0 27,626
Summit Wireless (WISA) 18,816 9% 2.7 -229% 3,541 2,137 1,236 112 -8,097 6,938 18,532
Emagin (EMAN) 18,194 14% -3.5 -23% 28,781 11,138 24,827 3,581 -6,550 -5,008 17,631
On Track Innovations (OTIV) 13,224 52% -3.5 -19% 20,484 12,267 10,994 5,721 -3,854 -2,814 9,749
SemiLEDS (LEDS) 11,305 -1% -5.6 -34% 11,184 8,574 6,297 -82 -3,811 -2,752 15,482
Mosys (MOSY) 5,314 62% 0.5 -19% 10,059 4,600 7,792 4,803 -1,894 -1,582 -856
Ameri Holdings (AMRH)
Canaan (CAN)
SPI Energy (SPI) 0% 188,728 188,658 0 0 0 0 8,801
ASE Technology Holding (ASX) 0% 534,061,927 315,034,005 0 0 0 0 -0

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash19,97318,3574,29014,57121,7747,60119,57321,50622,77921,57821,07127,68124,73025,14424,35325,12722,74421,42821,21621,29017,06716,37017,67218,36717,77218,02111,54410,1586,20210,32111,4109,6619,8069,885
Accounts Receivable31,24329,28530,6558,3905,6928,12010,9928,9001,4654,1933,5718,1688,3895,3678,3237,5537,9443,2761,7381,9382,7371,9782,585760581679718605507786733613529346
Inventory12,61516,70522,82332,51038,81345,81147,35449,53543,75539,00034,31228,57023,36423,06022,73921,79822,11623,11221,33320,85321,21010,6448,0007,2274,7144,0923,0302,8622,7882,5622,1302,1001,9411,798
PP&E103,624116,318120,931122,560161,112164,130165,393165,585167,799171,250172,658174,531176,209176,637177,248177,415177,15890,87090,98391,53289,69677,70024,34614,74811,84812,07211,55611,55610,88610,0206,4006,4256,4736,488
Assets249,488256,391259,952246,530245,603246,473248,096233,952223,850217,373202,695228,824217,146204,105194,906185,650177,342128,953119,242111,337103,57977,72053,01348,35142,31741,48335,04834,71434,81635,49135,79435,79434,93934,545
Accounts Payable8,4656,76512,8316,2137,0417,7818,9542,3122,8074,7334,4655,6764,3884,0583,7542,6402,4952,5633,2563,4743,6642,263948710509711582222169260400347367250
Long-Term Debt
Liabilities15,20024,97131,72121,12921,02120,47922,71012,1387,4436,4216,9048,5976,4506,2956,3465,1075,0564,5657,2566,3126,3974,9902,5642,6172,0802,1921,7151,2581,0809881,1941,1771,5611,249
Stockholders' Equity234,288231,420228,231225,401224,582225,994225,386221,814216,407210,952195,791220,227210,696197,810188,560180,543172,286124,388111,986105,02597,18272,73050,44945,73440,23739,29133,33333,45633,73634,50334,60034,61733,37833,296
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue43,02833,63719,36510,20717,00319,94220,0918,30710,55511,11511,53614,26814,4698,0368,9128,9107,1065,3462,4564,2873,5357,0864,7221,2691,0531,3451,3771,039801978920769583
Cost of Revenue15,82817,51617,02613,61516,99217,49719,17911,68216,97217,43317,34721,76221,74317,49614,37114,01912,2619,23711,4449,7067,58618,7329,61302,4001,5372,276932921885585729585
Gross Profit27,20016,1212,339-3,408112,445912-3,375-6,417-6,318-5,811-7,494-7,274-9,460-5,459-5,109-5,155-3,891-8,988-5,419-4,051-11,646-4,891-1,581-2,836-192-8991071799333540-2
R&D4104665034766076395623824956417455763914464484336035586165796528035166411955075334233000
SG&A3,4443,7702,4822,7622,5172,9472,4772,5392,6292,5072,4752,8552,6263,2862,6612,4062,5423,3242,6802,1583,0562,1041,8212,0551,493953785741798561521997696
Tax13,4953,589-1,737-2,904-2,074-1,116-954-3,042-4,279-3,9746,13560-2983703651-663550-151-174-216318601773766466
Net Income9,9088,186861-3,367-1,312272-1,131-3,376-5,894-5,840-15,241-10,894-9,984-13,713-9,402-8,348-8,580-48,196-12,706-7,333-8,209-24,801-22,536-5,074-5,607-1,109-6,060-401,21971056-836-352
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating16,040-6,1864,894-1,743-7,3081,419-6,9667,335-262305-4,473-2,470-4,547-7,732-4,007-5,081-2,817-4,811-4,387-6,606-486-3,806-876-709-48-522-1,15330381-166-71
Cash Investing-6,047-4,3485,6028,679-6,56310,3368,822-6,348-1,344-360-24,099-3084,9366,5394,4592,563783,6375,2362,1881,0715,0451,606255296-1,043-2,7993,819-1,798782155
Cash Financing-11,864-3,57647-203220230114-11435,221-40-421-4-12281,497-174-1,4946-10-170-4-1-4-4-32-471-5