Last $0.28 USD
Change Today 0.00 / 0.00%
Volume 0.0
INRD On Other Exchanges
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OTC US
As of 8:10 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

inrad optics inc (INRD) Snapshot

Open
$0.28
Previous Close
$0.28
Day High
$0.28
Day Low
$0.28
52 Week High
03/20/14 - $0.35
52 Week Low
09/20/13 - $0.12
Market Cap
3.4M
Average Volume 10 Days
3.3K
EPS TTM
$-0.14
Shares Outstanding
12.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INRAD OPTICS INC (INRD)

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inrad optics inc (INRD) Details

Inrad Optics, Inc., together with its subsidiaries, engages in the development, manufacture, and marketing of crystal-based optical components and devices, custom optical components, precision optical and opto-mechanical assemblies for use in the photonics industry sectors. The company offers products in two categories, including optical components, and laser system devices and instrumentation. Its optical components category covers optical components, optical coatings, and subassemblies, including planar, prismatic, and spherical components fabricated from glass and synthetic crystals consisting of mirrors, lenses, prisms, wave plates, polarizing optics, monochrometers, 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’s laser system devices and instrumentation category covers 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; pockels cells and associated electronics; and harmonic generation laser systems and accessories for the laser research and development community. Its customers include corporations in defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, national laboratories, and universities worldwide. Inrad Optics, Inc. 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 January 2012. Inrad Optics, Inc. was founded in 1973 and is headquartered in Northvale, New Jersey.

71 Employees
Last Reported Date: 03/31/14
Founded in 1973

inrad optics inc (INRD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $160.8K
Chief Financial Officer, Chief Accountig Offi...
Total Annual Compensation: $149.7K
Vice President of Operations
Total Annual Compensation: $139.4K
Compensation as of Fiscal Year 2012.

inrad optics inc (INRD) Key Developments

Inrad Optics, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Inrad Optics, Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, net sales were $2.7 million compared to $2.8 million a year ago. The company reported a net loss of $549,000 compared to $659,000 a year ago. Basic and diluted loss per share was $0.05 against $0.06 a year ago. For the year, net sales were $11,235,654 against $11,403,827 a year ago. Operating loss was $1,497,151 against $848,716 a year ago. Loss before income taxes was $1,649,961 against $1,012,833 a year ago. Net loss was $1,649,961 against $1,420,833 a year ago. Basic and diluted loss per share was $0.14 against $0.12 a year ago. Net cash used in operating activities was $69,901 against $207,840 a year ago. Purchase of plant and equipment was $455,982 against $292,603 a year ago. LBITDA was $739,000 against EBITDA of $2,000 a year ago.

Inrad Optics Deleted From OTCBB

Inrad Optics, Inc.’s common stock has been deleted from OTC Bulletin Board (OTCBB) effective December 12, 2013 on account of its ineligibility for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.

Inrad Optics Announces Plans to Consolidate its Sarasota, FL Metal Optics Operations in Northvale, NJ Facility

Inrad Optics has announced plans to move the operations of its Sarasota, FL metal optics facility to its Northvale, NJ optical production center and corporate headquarters. The consolidation is part of a larger strategic effort to improve the company's value proposition to its customers as well as improve its financial results. The physical integration of all development and production in one location is intended to enhance operating efficiencies and reduce overhead costs. The move will also centralize the company's optical problem solving skills, allowing for beneficial cross-pollination of expertise, including leveraging the Florida metal optics facility's single point diamond turning capability over a broader range of optical materials. The Sarasota plant will go through a gradual transfer of operations to ensure no interruption to customers during the transition. While no official facility closure date has been finalized, Inrad Optics anticipates operations in Sarasota will be fully transferred by approximately March 31, 2014.

 

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