RBCN
Rubicon Technology, Inc.2.8500
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
6.78MP/E (TTM)
-Basic EPS (TTM)
-0.23Dividend Yield
0%Recent Filings
10-K
FY2022 results
Rubicon Technology swung to net income of $0.9 million in FY2022 ended December 31, 2022, from a $0.7 million loss the prior year, driven by a $1.4 million gain on asset sales including equipment and a Batavia land parcel, while revenue from continuing operations dipped 12% y/y to $3.6 million amid customer concentration—top six buyers claimed 72%—yet gross profit climbed 14% to $1.4 million on better production variances and reserved inventory use. Q4 momentum stayed steady, with backlog shrinking to $1.2 million from $1.7 million, but no quarterly breakdowns disclosed; the Janel tender boosted ownership to 46% while a $27.1 million capital return slashed cash to $1.6 million. A $1.6 million mortgage at 6% funds the Bensenville facility through 2027. Customer reliance risks quarterly swings.
8-K
Rubicon appoints new director
Rubicon Technology bolstered its board on March 3, 2023, appointing Dennis Paul, 50, as an independent Class II director with a term ending at the 2024 annual meeting. Paul brings deep expertise as founder and managing member of Thyra Global Management since 2012 and senior advisor at Blackstone since 2018. No prior arrangements or related transactions tie to his selection. Board committees for Paul remain undecided.
8-K
CFO appointment and board changes
Rubicon Technology appointed Joseph Ferrara as CFO on February 24, 2023, with a $200,000 salary, promoting him from senior financial consultant. Meanwhile, former CEO Timothy Brog resigned from the board on February 20, 2023, after receiving a $112,000 settlement for assigning 57,593 shares back to the company. The board also adopted amended bylaws mandating 50% independent directors and stricter approvals for related-party deals over $50,000. Leadership stabilizes amid tighter governance.
8-K
Annual meeting results announced
Rubicon Technology's stockholders convened their 2022 annual meeting on December 22, electing Darren Seirer as Class III director for a three-year term with 1,535,078 votes for and 113,853 withheld. They ratified Marcum LLP as auditors for the fiscal year ending December 31, 2022, by a strong 1,802,437 to 64,044 margin. An advisory vote approved executive compensation, passing 1,587,079 to 52,226. Governance continuity holds firm.
8-K
CEO Brog to depart soon
Rubicon Technology's board and CEO Timothy Brog mutually agreed on December 12, 2022, to part ways due to evolving operational needs, with Brog staying on until January 6, 2023, or a successor's hire. No disagreements marked his exit; he'll consult post-departure for a seamless handoff. The firm launched a CEO search. Smooth transitions matter in tight markets.
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