EMCORE Corporation announced that Northrop Grumman Corporation's Aerospace Systems Sector has entered into a long term supply agreement with EMCORE's Solar Photovoltaics Division to manufacture and deliver high-efficiency, multi-junction solar cells for Northrop Grumman's satellite programs. EMCORE solar cells will help provide power for Northrop Grumman's space-based global climate monitoring capabilities and other satellite missions. The period of performance for the supply agreement is 2009 through 2012, with a potential value of more than $17 million. The production of the solar cells will take place at EMCORE's manufacturing facilities located in Albuquerque, New Mexico, USA.

EMCORE Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported operating loss of $45,996,000 and net loss of $45,353,000 or $0.57 per diluted share on revenues of $38,489,000 compared to the operating loss of $11,642,000 and net loss of $7,722,000 or $0.10 per diluted share on revenues of $75,502,000 for the same quarter year ago. Non-GAAP operating loss was $14,580,000 and Non-GAAP net loss was $14,693,000 or $0.19 per diluted share compared to the Non-GAAP operating loss of $7,203,000 and Non-GAAP net loss was $7,305,000 or $0.09 per diluted share for the same quarter year ago. For the nine months period, the company reported operating loss of $124,319,000 and net loss of $122,536,000 or $1.56 per diluted share on revenues of $135,829,000 compared to the operating loss of $33,767,000 and net loss of $39,635,000 or $0.62 per diluted share on revenues of $178,668,000 for the same period year ago. On a consolidated basis, the company generated positive cash flow from operations during the third quarter due to the combination of a lower cash operating loss and the continuation of improved working capital management. For the fourth quarter of fiscal 2009, ending September 30, 2009, the company expects consolidated revenue to be in the range of $38 to $42 million and expects to generate positive cash flow from operations. During the three months ended June 30, 2009, the company performed an evaluation of its Fiber Optics assets for impairment as required by Statement of Financial Accounting Standard No. 144. As a result of the evaluation, it was determined that impairment existed, and a charge of $27.0 million was recorded to write down the long-lived assets to estimated fair value, which was determined based on a combination of guideline public company comparisons and discounted estimated future cash flows.

On 08/11/2009, EMCORE Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.