Rubicon Technology Inc. (RBCN) reported a third-quarter net loss of $2.06 million or $0.10 per share compared to profit of $1.62 million or $0.07 per share last year. On average, 8 analysts polled by Thomson Reuters expected the company to report a loss of $0.10 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues decreased to $5.74 million from $11.76 million last year. Analysts expected revenue of $5.14 million for the quarter.
The company estimates fourth-quarter revenue to improve to approximately $7.0 million. The company expects a reduction in loss per share to approximately $0.05.
The company also provided information on their expansion plans, which includes adding an additional crystal growth facility in the U.S. and building a low cost post crystal growth processing facility in Asia. The company said it is currently working to finalize its plans, but it would be expected that both new facilities would be open within twelve months and be fully operational, meaning all equipment installed and operational, within 24 months.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.