Company Quick10K Filing
Rubicon Technology
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 3 $22
10-Q 2019-11-14 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-22 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-14 Quarter: 2018-03-31
10-K 2018-03-20 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-05-12 Quarter: 2017-03-31
10-K 2017-03-16 Annual: 2016-12-31
10-Q 2016-11-09 Quarter: 2016-09-30
10-Q 2016-08-09 Quarter: 2016-06-30
10-Q 2016-05-10 Quarter: 2016-03-31
10-K 2016-03-14 Annual: 2015-12-31
10-Q 2015-11-09 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-13 Annual: 2014-12-31
10-Q 2014-11-07 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-13 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-09 Quarter: 2013-03-31
10-Q 2012-08-08 Quarter: 2012-06-30
10-Q 2012-05-09 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-08 Quarter: 2011-06-30
10-Q 2011-05-09 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-08 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-03-01 Annual: 2009-12-31
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

Annual | Quarterly

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, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Everspin Technologies (MRAM) 121,088 46% -7.9 -45% 37,476 18,829 42,471 19,646 -17,035 -14,584 115,434
Kopin (KOPN) 92,721 5% -2.3 -63% 58,358 16,384 27,520 1,439 -36,650 -35,247 80,586
Emcore (EMKR) 87,430 22% -3.3 -21% 126,656 36,049 88,206 19,749 -26,895 -20,230 66,769
Atomera (ATOM) 86,053 81% -4.9 -70% 19,801 1,344 291 236 -13,802 -13,764 66,935
Sequans Communications (SQNS) 76,733 0% 62,574 0 0 0 0 76,733
QuickLogic (QUIK) 69,673 53% -2.9 -36% 40,131 20,269 12,024 6,416 -14,435 -14,355 41,522
Resonant (RESN) 64,309 0% -2.0 -154% 18,057 5,901 440 0 -27,783 -26,831 53,809
Supercom (SPCB) 58,936 0% 54,198 21,491 0 0 0 0 57,899
Intermolecular (IMI) 57,720 72% -7.2 -24% 45,278 17,495 25,452 18,425 -10,879 -7,731 55,560
Emagin (EMAN) 24,586 15% -5.2 -22% 28,661 10,867 23,775 3,469 -6,172 -4,186 21,781
LightPath Technologies (LPTH) 24,265 37% 14.9 -6% 45,973 12,514 33,749 12,519 -2,680 1,689 25,242
Summit Wireless (WISA) 23,476 1% -0.8 -649% 6,157 2,204 1,529 12 -39,980 -25,745 20,154
Rubicon Technology (RBCN) 22,336 15% 38.2 0% 34,939 1,561 2,667 404 73 328 12,530
On Track Innovations (OTIV) 17,356 62% -17.7 -10% 22,419 12,744 14,423 8,896 -2,294 -774 13,703
SemiLEDS (LEDS) 11,305 -1% -5.6 -34% 11,184 8,574 6,297 -82 -3,811 -2,752 15,482
Mosys (MOSY) 7,782 62% -0.1 -106% 11,497 4,318 14,380 8,886 -12,165 -11,520 1,410
SPI Energy (SPI)
Canaan (CAN)
Ameri Holdings (AMRH)
ASE Technology Holding (ASX) 0% 534,061,927 315,034,005 0 0 0 0 -0

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash4,29019,57321,071183170163181169
Accounts Receivable30,65510,9923,5718,3231,7382,585718733
Inventory22,82347,35434,31222,73921,3338,0003,0302,130
PP&E120,931119,850172,658107,67657,5697,1108152,728
Assets259,952248,096202,695194,906119,24253,01335,04835,794
Accounts Payable12,8318,9544,4653,7543,256948582400
Long-Term Debt
Liabilities31,72122,7106,9046,3467,2562,5641,7151,194
Stockholders' Equity228,231225,386195,791188,560111,98650,44933,33334,600
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue134,00067,24341,51345,68523,81819,6305,0443,878
Cost of Revenue64,36567,28363,43475,37246,96145,6384,7003,862
Gross Profit69,635-40-21,921-29,687-23,143-26,008-5,50816
R&D1,8062,2742,2631,8612,2102,550962122
SG&A12,99410,70310,15011,33110,9529,1395,2852,626
Tax16,574-7,048-5,16078-26-2238824
Net Income38,059-5,538-30,351-43,993-77,830-62,879-17,851963
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating24,612-2,738412-19,222-16,716-15,285-2,034-1,066
Cash Investing-32,66718,054770-12,93210,73713,540-3,880831
Cash Financing-3,9972503235,1401,509-1,501-207-79