Rubicon Technology, Inc. RBCN, a leading provider of sapphire substrates and products to the LED, RFIC, Semiconductor, and Optical industries, today reported financial results for its second quarter ended June 30, 2010 and announced the signing of an agreement with a key LED customer for the supply of six inch polished substrates.
Second Quarter Results and Third Quarter Outlook
Second Quarter 2010 Financial Highlights
Revenue rose to $15.8 million, up 37 percent sequentially
Gross margin increased to 46 percent, up from 36 percent in the previous quarter
Diluted earnings per share of $0.18 as compared to $0.07 in the first quarter 2010
Capacity expansion plans on schedule and on budget
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