Latest Inrad Optics Inc. Stories

New e-beam vacuum deposition system produces superior coatings, dramatically increases the size of the optical components that can be coated. NORTHVALE, N.J., April 23, 2013 /PRNewswire/ -- Inrad Optics, Inc. (OTBB: INRD) has advanced its thin film coating capabilities with the installation of a new plasma assisted e-beam vacuum deposition system. The new coating system employs high-density plasma technology to dramatically enhance the quality of thin films by improving a wide...

NORTHVALE, N.J., April 3, 2013 /PRNewswire/ -- Inrad Optics, Inc. (the "Company") (OTC Bulletin Board: INRD) has released its consolidated financial results for the year ended December 31, 2012. Net sales for the fourth quarter of 2012 were $2.8 million, a decrease of approximately 18% from $3.4 million in the corresponding quarter of 2011. Net sales in the fourth quarter of 2010 were $3.6 million. For the twelve months ended December 31, 2012, net sales were $11.4 million, down...

NORTHVALE, N.J., March 7, 2013 /PRNewswire/ -- Optical component and crystalline device manufacturer Inrad Optics, Inc. (OTCBB: INRD) announced a combined work-force reduction of eight employees at its Northvale, NJ and Sarasota, FL production facilities effective March 1, 2013. This represents a reduction of approximately 9%. The Company has undertaken these steps to reduce costs and improve efficiencies within the organization. The move is expected to save the Company $658,000...

NORTHVALE, N.J., Nov. 19, 2012 /PRNewswire/ -- Inrad Optics, Inc. (OTCQB: INRD) has reported its consolidated financial results for its third quarter and nine months ended September 30, 2012. For the third quarter of 2012, revenue was $2.9 million, down 12.8%, compared to $3.3 million for the comparable period last year. Revenue for the nine months ended September 30, 2012 was $8.6 million, down 11.9% from $9.8 million in the same period last year For the third quarter...

NORTHVALE, N.J., Sept. 17, 2012 /PRNewswire/ -- Inrad Optics, Inc. (OTCBB: INRD) President and CEO, Joe Rutherford, announced his intention to retire as President and CEO effective September 30, 2012. Mr. Rutherford will remain with the Company as a member of the Board of Directors. Inrad Optics board of directors has appointed Amy Eskilson as President and CEO, effective October 1, 2012. Joe Rutherford stated, "I am very proud of what we have accomplished during my tenure, and I...

NORTHVALE, N.J., Aug. 15, 2012 /PRNewswire/ -- Inrad Optics, Inc. (OTC Bulletin Board: INRD) has reported its consolidated financial results for its second quarter and six months ended June 30, 2012. Revenue for the second quarter was $2.9 million, down 10.6% from $3.2 million in the same period last year. For the six months ended June 30, 2012, revenue of $5.7 million was down 11.5%, compared to $6.5 million for the comparable period last year. Orders for the second quarter were...

NORTHVALE, N.J., May 16, 2012 /PRNewswire/ -- Inrad Optics, Inc. (OTCBB: INRD) has released its consolidated financial results for the three months ended March 31, 2012. Revenues for the first quarter were $2.8 million, down 12.4% from $3.2 million in the same period last year. Orders for the first three months were $3.0 million, up from $2.7 million last year. Order backlog increased to $5.2 million for the three months ended March 31, 2012 compared to $4.8 million for the first...

NORTHVALE, N.J., April 9, 2012 /PRNewswire/ -- Inrad Optics, Inc. (formerly Photonic Products Group, Inc.) (OTC Bulletin Board: INRD) today announced that the Financial Industry Regulatory Authority (FINRA) has approved the change of the Company's stock symbol from "PHPG" to "INRD" effective April 9, 2012. The new stock symbol reflects the Company's name change from Photonic Products Group, Inc. to Inrad Optics, Inc. which was previously announced. Joe Rutherford, President...

NORTHVALE, N.J., April 2, 2012 /PRNewswire/ -- Inrad Optics, Inc. (formerly Photonic Products Group, Inc.) (OTC Bulletin Board: PHPG) has released its consolidated financial results for the year ended December 31, 2011. Sales for the fourth quarter were $3.4 million, a decrease of 6% from $3.6 million in the corresponding quarter of 2010. However, sales for the year ended December 31, 2011 were $13.2 million, up 19%, from $11.1 million, last year. The Company ended 2011 with bookings of...

NORTHVALE, N.J., Jan. 23, 2012 /PRNewswire/ -- The directors of Photonic Products Group, Inc. are pleased to announce that at a Special Meeting of the Shareholders held January 18, 2012, a change of the Company name was approved, from Photonic Products Group, Inc. to Inrad Optics, Inc. Inrad Optics, Inc. has long been known as one of the photonic industry's seminal crystalline products companies. Founded in 1973 as Inrad, Inc., the Company operated under the name Photonic Products...