Rubicon Technology (RBCN) Tops Q1 EPS by 1c

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Rubicon Technology, Inc. Reports First Quarter 2015 Results of Operations

May 7, 2015 4:02 PM EDT

BENSENVILLE, Ill.--(BUSINESS WIRE)-- Rubicon Technology, Inc. (NASDAQ: RBCN), a leading provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today reported financial results for its first quarter ended March 31, 2015.

The Company reported first quarter revenue of $8.9 million which was consistent with the prior quarter revenue and reduced its loss per share despite continued weakness in the LED market. Demand for the Companys two-inch sapphire cores, primarily used in the mobile device market, increased in the period but was offset in part by lower revenue from... More