Inrad Optics, Inc. engages in the development, manufacture, and marketing of products and services for use in photonics industry sectors. It specializes in crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and opto-mechanical assemblies. The company was founded in April 1973 and is headquartered in Northvale, NJ.
Company profile
Ticker
INRD
Exchange
Website
CEO
Amy Eskilson
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
INRAD INC, PHOTONIC PRODUCTS GROUP INC
SEC CIK
Corporate docs
IRS number
222003247
INRD stock data
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
15 May 23
10-K
2022 FY
Annual report
30 Mar 23
10-Q
2022 Q3
Quarterly report
14 Nov 22
10-Q
2022 Q2
Quarterly report
12 Aug 22
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 22
8-K
Regulation FD Disclosure
10 Jun 22
8-K
We improve the world’s safety, security
10 Jun 22
10-Q
2022 Q1
Quarterly report
13 May 22
DEF 14A
Definitive proxy
29 Apr 22
SD
Conflict minerals disclosure
26 Apr 22
Latest ownership filings
4
WILLIAM J FOOTE
22 Feb 23
SC 13G/A
Minerva Advisors LLC
14 Feb 23
SC 13G/A
Emancipation Management LLC
1 Feb 23
4
Luke P LaValle JR
17 Jan 23
4
Dennis G Romano
17 Jan 23
4
JAN M WINSTON
17 Jan 23
4
Amy Eskilson
17 Aug 22
4
George F Murray
28 Jun 22
4
Dennis G Romano
18 Mar 22
4
WILLIAM J FOOTE
18 Mar 22
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.99 mm | 1.99 mm | 1.99 mm | 1.99 mm | 1.99 mm | 1.99 mm |
| Cash burn (monthly) | 2.88 k | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 5.65 k | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 1.99 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 689.7 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2021
35.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 2 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 4.99 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Emancipation Management | 3.87 mm | $0.00 |
| Minerva Advisors | 1.12 mm | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 27 Jan 23 | William J Foote | Stock Option Common stock | Acquire X | No | No | 0.35 | 10,000 | 3.50 k | 169,327 | |
| 20 Dec 22 | Luke P LaValle JR | Stock Option Common stock | Grant | Acquire A | No | No | 0.35 | 5,000 | 1.75 k | 80,000 |
| 12 Dec 22 | Jan M Winston | Stock Option Common stock | Grant | Acquire A | No | No | 0.35 | 5,000 | 1.75 k | 80,000 |
| 12 Dec 22 | Dennis G Romano | Stock Option Common stock | Acquire X | No | No | 0.35 | 5,000 | 1.75 k | 80,000 | |
| 16 Aug 22 | Amy Eskilson | Stock Option Common stock | Acquire X | No | No | 0.5 | 30,000 | 15.00 k | 464,391 |