30 December 2010

Emcore announces delay in filing Form 10-K for fiscal 2010

Emcore Corp of Albuquerque, NM, USA, which makes components and subsystems for the broadband, fiber-optic, and solar power markets, says that it is delaying filing with the US Securities and Exchange Commission (SEC) of its annual report on Form 10-K for fiscal 2010 (to end September).

In March, Emcore announced that it had changed auditors from Deloitte & Touche LLP to KPMG LLP. It has now been informed by Deloitte & Touche (the independent auditing firm that audited its financial statements for the fiscal years ended 30 September 2008 and 2009) that they have not completed their procedures to re-issue their opinion with respect to the Emcore’s financial statements for those fiscal years. Deloitte is specifically reviewing their audit procedures performed on the firm's goodwill and intangible assets accounts.

As a result, Emcore is currently unable to file the 2010 Form 10-K. However, the firm says that it intends to file the form as promptly as practicable once Deloitte is able to re-issue its opinion with respect to the prior fiscal years.

See related items:

Emcore’s net loss slashed to $0.9m as quarterly revenue grows 16%

Emcore revenue shrinks 3% as it concludes accounting review

Tags: Emcore

Visit: www.emcore.com