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Inrad Optics (formerly known as Photonic Products Group) is a company that develops, manufactures, and markets crystal-based optical components and devices, custom optical components, and precision optical and opto-mechanical assemblies. Its optical components include planar, prismatic, and spherical components fabricated from glass and synthetic crystals comprising mirrors, lenses, prisms, wave plates, polarizing optics, X-ray monochromators and mirrors, and cavity optics for lasers. Inrad Optics also offers laser system devices and instrumentation products comprising electro-optic and nonlinear crystal devices for altering the intensity, polarization, or wavelength of a laser beam. The company serves military, aerospace, industrial, and medical markets.

TypePublic
Founded1973
HQNorthvale, US
Websiteinradoptics.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Mar 2019)58(-6%)
Revenue (FY, 2019)$10 M(-12%)
Share Price (Sept 2020)$0.6 (-19%)
Cybersecurity ratingAMore

Key People/Management at Inrad Optics

Amy Eskilson

Amy Eskilson

President and CEO
Thomas Caughey

Thomas Caughey

Vice-President of Research and Development
William Foote

William Foote

Chief Financial Officer, Chief Accounting Officer, and Corporate Secretary
George Murray

George Murray

Vice-President of Sales & Marketing
Theresa Balog

Theresa Balog

Chief Financial Officer, Secretary, and Treasurer
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Inrad Optics Office Locations

Inrad Optics has an office in Northvale
Northvale, US (HQ)
181 Legrand Ave
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Inrad Optics Financials and Metrics

Inrad Optics Revenue

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Inrad Optics's revenue was reported to be $10.01 m in FY, 2019
USD

Revenue (Q2, 2020)

2.5m

Gross profit (Q2, 2020)

739.8k

Gross profit margin (Q2, 2020), %

29.3%

Net income (Q2, 2020)

25.8k

EBIT (Q2, 2020)

63.8k

Market capitalization (22-Sept-2020)

8.3m

Closing stock price (22-Sept-2020)

0.6

Cash (30-Jun-2020)

2.0m

EV

6.9m
Inrad Optics's current market capitalization is $8.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

9.8m9.9m11.5m10.0m

Revenue growth, %

1%17%

Cost of goods sold

7.8m7.9m8.4m8.0m

Gross profit

2.0m1.9m3.1m2.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.2m2.6m2.5m3.3m2.7m2.8m2.6m2.6m2.2m2.1m2.5m

Cost of goods sold

1.9m2.2m1.9m2.5m2.1m1.9m2.0m2.2m1.9m1.6m1.8m

Gross profit

289.1k446.9k638.6k850.2k578.6k926.0k644.8k447.0k353.5k415.5k739.8k

Gross profit Margin, %

13%17%25%26%21%33%25%17%16%20%29%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

973.3k800.0k1.2m950.7k

Accounts Receivable

1.2m1.0m1.3m1.2m

Inventories

2.7m3.2m3.0m

Current Assets

5.1m5.2m5.7m5.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

766.6k619.3k567.2k492.8k697.7k890.4k1.1m830.5k812.3k835.0k2.0m

Accounts Receivable

1.1m1.3m1.3m1.5m1.6m1.5m1.3m1.5m1.1m1.0m1.1m

Prepaid Expenses

117.4k

Inventories

3.1m3.1m3.2m2.8m2.7m2.9m2.9m2.8m3.0m3.0m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(605.1k)(682.5k)706.6k(776.1k)

Depreciation and Amortization

446.0k365.0k278.2k267.1k

Inventories

16.9k(654.7k)141.1k178.9k

Accounts Payable

1.7k105.0k(419.6k)30.7k
USDFY, 2016

Revenue/Employee

143.6k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.1 x
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Inrad Optics Operating Metrics

Inrad Optics's Backlog was reported to be $4.8m in Q2, 2019.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

Backlog

$6.26 m$6.48 m$6.80 m$7.30 m$6.51 m$6.49 m$6.97 m$6.25 m$6.48 m$5.73 m$4.80 m

Bookings

$10.80 m$10.10 m$11.20 m
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Inrad Optics Acquisitions / Subsidiaries

Company NameDateDeal Size
Laser Optics Holdings, Inc.
MRC Precision Metal Optics, Inc.

Inrad Optics Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Inrad Optics Revenue Breakdown

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Inrad Optics revenue breakdown by business segment: 12.7% from Scientific / R&D, 51.3% from Process Control & Metrology, 13.5% from Laser Systems and 22.5% from Aerospace & Defense

Inrad Optics Online and Social Media Presence

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Inrad Optics News and Updates

Inrad Optics receives SBIR Phase I funding from the DoE to Develop Scintinel Stilbene Arrays for portable neutron imaging

Inrad Optics, a leading US-based manufacturer of crystalline materials, optical components and photonic devices, received a Phase I Small Business Innovation Research (SBIR) award from the US Department of Energy (DOE) to support development of neutron imaging technology. The detection and imaging o…

Inrad Optics Frequently Asked Questions

  • When was Inrad Optics founded?

    Inrad Optics was founded in 1973.

  • Who are Inrad Optics key executives?

    Inrad Optics's key executives are Amy Eskilson, Thomas Caughey and William Foote.

  • How many employees does Inrad Optics have?

    Inrad Optics has 58 employees.

  • What is Inrad Optics revenue?

    Latest Inrad Optics annual revenue is $10 m.

  • What is Inrad Optics revenue per employee?

    Latest Inrad Optics revenue per employee is $172.5 k.

  • Who are Inrad Optics competitors?

    Competitors of Inrad Optics include Arizona Optical Systems, Braxton Technologies and Rayotek Scientific.

  • Where is Inrad Optics headquarters?

    Inrad Optics headquarters is located at 181 Legrand Ave, Northvale.

  • Where are Inrad Optics offices?

    Inrad Optics has an office in Northvale.

  • How many offices does Inrad Optics have?

    Inrad Optics has 1 office.