Brief: EMCORE Increases Revenue Projection For Last-Time Buys Of Broadband Products To $20 Million

EMCORE

24/05/2023 22:20

May 24 (Reuters) - EMCORE Corp  EMKR.O :
    * EMCORE INCREASES REVENUE PROJECTION FOR LAST-TIME BUYS OF
BROADBAND PRODUCTS TO $20 MILLION
    * EMCORE CORP - EXPECTS MARGINS TO BE CONSISTENT WITH
HISTORICAL
MARGIN PERFORMANCE FOR LAST-TIME BUYS OF BROADBAND PRODUCTS
    * EMCORE CORP - EXPECTS TO COMPLETE PLANNED HEADCOUNT
REDUCTION OF
ABOUT 100 EMPLOYEES AS BROADBAND OPERATIONS WIND DOWN BY END OF
2023

Source text for Eikon:  ID:nGNX3XKPTq 
Further company coverage:  EMKR.O 

 ((Reuters.Briefs@thomsonreuters.com;))