Inrad Optics, Inc.
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Inrad Optics, Inc. - overview
Established
1973
Location
-, NJ, US
Primary Industry
Materials
About
Founded in 1973 and based in New Jersey, US, Inrad Optics, Inc. is a manufacturer of optical components and devices. As of 2024, the company is headed by its CEO Amy Eskilson. In April 2024, Luxium Solutions, a portfolio company of Edgewater Capital Partners and SK Capital, agreed to fully acquire Inrad Optics, Inc.
for approximately USD 19 million in cash, including assumed debt in a public-to-private transaction. The company offers glass, metal, and precision optical used for aerospace, defense, process control, metrology, research, and technical development sectors. The firm product range includes X-ray imaging crystals, windows and optical flats, metal mirrors, and UV-IR optics. The firm's capabilities include optical fabrication, optical assemblies, and coating.
Current Investors
Luxium Solutions, LLC
Primary Industry
Materials
Sub Industries
Aerospace, Defence, Glass, Steel & Metals
Website
www.inradoptics.com/
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
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Inrad Optics, Inc. - timeline of key events
Inrad Optics, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 9,726,145 | 10,492,229 | 9,766,525 | 9,859,201 | 11,488,727 | 10,007,655 | 9,007,562 | - | - | - |
| % Revenue Growth (YoY) | - | 7.9% | (6.9%) | 0.9% | 16.5% | (12.9%) | (10.0%) | - | - | - |
| EBITDA (USD) | (1,880,131) | 239,612 | (50,430) | (129,079) | 1,145,613 | (354,624) | (493,994) | - | - | - |
| Operating Income (USD) | (2,496,107) | (308,477) | (496,429) | (494,127) | 867,440 | (621,722) | (748,188) | - | - | - |
| Operating Margin | (25.7%) | (2.9%) | (5.1%) | (5.0%) | 7.6% | (6.2%) | (8.3%) | - | - | - |
| % EBITDA Margin | (19.3%) | 2.3% | (0.5%) | (1.3%) | 10.0% | (3.5%) | (5.5%) | - | - | - |
| NET Income (USD) | (2,514,851) | (478,935) | (605,085) | (682,531) | 706,608 | (776,098) | (898,561) | - | - | - |
| % Net Margin | (25.9%) | (4.6%) | (6.2%) | (6.9%) | 6.2% | (7.8%) | (10.0%) | - | - | - |
Inrad Optics, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Public to Private | Completed | Inrad Optics, Inc. | - |
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Inrad Optics, Inc. - employee data
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