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Private company

Inrad Optics, Inc.

American electronic components company, incorporated in New Jersey1

In its 2024 annual report the company says: “The Company is a vertically integrated manufacturer specializing in glass, crystal, and metal based optical components, and sub-assemblies.”3 It is headquartered in Northvale, New Jersey.1

Last updated Oct 21, 2026.

Overview

  • IndustryElectronic Components, NEC1
  • HeadquartersNorthvale, New Jersey1
  • Incorporated inNJ2
  • Business address181 Legrand Ave, Northvale, Nj 076472
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Inrad Optics, Inc. (the “Company,” “Inrad,” or “we”), was incorporated in New Jersey in 1973. The Company develops, manufactures, and markets products and services for use in photonics enabled industry sectors.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

14.0%Operating margin4
20.7%Net margin4
21.4%Revenue growth, 20234
40.8%Return on equity4
$997.5KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue54¢$8.0M
  • Selling, general and admin21¢$3.1M
  • Income tax7¢$1.0M
  • Profit18¢$2.7M

Out of $12.9M in revenue.45

Where each dollar of operating cash went, fiscal 2023

  • Capital spending27¢$363.0K
  • Kept or used elsewhere73¢$997.5K

Out of $1.4M of cash from operations.4

Financial statements

Revenue6789104$12.9M in 2023+31% since 2017
0$5.0M$10.0M$15.0M2017: $9.9M$9.9M20172018: $11.5M$11.5M2018+17%2019: $10.0M$10.0M2019−13%2020: $9.0M$9.0M2020−10%2021: $11.4M$11.4M2021+26%2022: $10.6M$10.6M2022−6%2023: $12.9M$12.9M2023+21%
Operating income6789104$1.8M in 2023
-$1.0M0$1.0M$2.0M2017: -$494.1K-$494.1K20172018: $867.4K$867.4K20182019: -$621.7K-$621.7K20192020: -$748.2K-$748.2K2020+20%2021: $934.3K$934.3K20212022: $319.1K$319.1K2022−66%2023: $1.8M$1.8M2023+468%
Net income6789104$2.7M in 2023
-$1.0M0$1.0M$2.0M$3.0M2017: -$682.5K-$682.5K20172018: $706.6K$706.6K20182019: -$776.1K-$776.1K20192020: -$898.6K-$898.6K2020+16%2021: $1.7M$1.7M20212022: $152.6K$152.6K2022−91%2023: $2.7M$2.7M2023+1649%
Fiscal year2017201820192020202120222023
Revenue$9.9M6$11.5M7$10.0M8$9.0M9$11.4M10$10.6M4$12.9M4
Cost of revenue$7.9M6$8.4M7$8.0M8$7.2M9$7.9M10$7.5M4$8.0M4
Selling, general and admin$2.4M6$2.2M7$2.6M8$2.5M9$2.5M10$2.8M4$3.1M4
Operating expenses$10.4M10$10.3M4$11.1M4
Operating income-$494.1K6$867.4K7-$621.7K8-$748.2K9$934.3K10$319.1K4$1.8M4
Income before tax$1.7M10$152.6K4$1.7M4
Income tax$06$07$08$09$010$04$1.0M5
Net income-$682.5K6$706.6K7-$776.1K8-$898.6K9$1.7M10$152.6K4$2.7M4
Earnings per share-$0.056$0.057-$0.068-$0.079$0.1310$0.014$0.194
Earnings per share (diluted)-$0.056$0.057-$0.068-$0.079$0.1110$0.014$0.164
Shares (weighted, basic)13.9M shares1014.0M shares414.2M shares4
Shares (weighted, diluted)16.6M shares1014.7M shares417.2M shares4

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Corporate structure

Inrad Optics, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Inrad Optics, Inc.

  • Inrad Optics, Inc. Northvale, New Jersey

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Inrad Optics, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$16.3M4 Dec 31, 2023$16.0M4 Dec 31, 2022+2.3%
Accumulated depreciation$15.0M4 Dec 31, 2023$14.7M4 Dec 31, 2022+2.1%
Property and equipment, net$1.3M4 Dec 31, 2023$1.2M4 Dec 31, 2022+4.2%
Operating-lease assets (leased space)$443.5K4 Dec 31, 2023$737.7K4 Dec 31, 2022−39.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.0M4 Dec 31, 2023$2.0M4 Dec 31, 2022+48.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.1M4 Dec 31, 2023$2.8M4 Dec 31, 2022+11.4%
Raw materials$718.0K4 Dec 31, 2023$1.1M4 Dec 31, 2022−32.6%
Work in process$1.9M4 Dec 31, 2023$1.3M4 Dec 31, 2022+49.4%
Finished goods$516.0K4 Dec 31, 2023$479.0K4 Dec 31, 2022+7.7%

Leadership

Who has led Inrad Optics, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Daniel Lehrfeld2006–2008
  2. Joseph J. Rutherford2008–2011
  3. Amy Eskilson2013–2024

President

  1. Daniel Lehrfeld2006–2008
  2. Joseph J. Rutherford2008–2011
  3. Amy Eskilson2013–2024

Chief financial officer

  1. William S. Miraglia2006
  2. William J. Foote2007–2018
  3. Theresa A. Balog2019–2024
2010201520202025
Board members and other officers (17)

Former names

  • PHOTONIC PRODUCTS GROUP INCMay 13, 2004 to Feb 14, 20122
  • INRAD INCMay 12, 1995 to Apr 14, 20042

Timeline

  1. Jul 2, 20248-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights37
  2. Jun 12, 20248-K Shareholder vote38
  3. Apr 9, 20248-K Entered a material agreement; Other events39
  4. Sep 14, 20238-K Shareholder vote40
  5. Jul 19, 20238-K Director nominations41
  6. Jun 10, 20228-K Regulation FD disclosure42
  7. Jun 10, 20228-K Regulation FD disclosure43
  8. Jun 10, 20228-K Shareholder vote44
  9. Apr 7, 20228-K Results of operations45
  10. Feb 13, 2013New chief executive Amy Eskilson becomes CEO15
  11. Dec 19, 2008New chief executive Joseph J. Rutherford becomes CEO16
  12. May 11, 2006New chief executive Daniel Lehrfeld becomes CEO17

Calendar

When it reported results

  1. Apr 7, 2022Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

65 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 9 major events, 27 insider forms, 5 large holders, 13 other. The latest 20:

  1. Jul 2, 202415-12G EDGAR
  2. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  3. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  4. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  5. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  6. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  7. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  8. Jul 2, 20244 OWNERSHIP DOCUMENT EDGAR
  9. Jul 2, 2024S-8 POS EDGAR
  10. Jul 2, 2024S-8 POS EDGAR
  11. Jul 2, 2024S-8 POS EDGAR
  12. Jul 2, 2024S-8 POS EDGAR
  13. Jul 2, 20248-K EDGAR
  14. Jun 12, 20248-K EDGAR
  15. May 14, 202410-Q EDGAR
  16. May 14, 2024DEFM14A EDGAR
  17. May 3, 2024PREM14A EDGAR
  18. Apr 9, 2024DEFA14A EDGAR
  19. Apr 9, 20248-K EDGAR
  20. Mar 28, 202410-K EDGAR

The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$973.2K 2020–2020
Money received by yearMoney received by year, 2020–2020: $973.2K in all. PPP loans $973.2K.$0$250K$500K$750K$1M2020 · PPP loans: $973.2K2020
Figures by year
YearPPP loansTotal
2020$973.2K$973.2K

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA48. Matched to this company by name and state.

  1. Apr 28, 2020$973.2K PPP loan (first draw) from Valley National Bank48To INRAD OPTICS, INC., Northvale NJ; $980.1K forgiven Jan 20, 2021

SEC filer profile

How Inrad Optics, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARInrad Optics, Inc.1
  • CIK0000719494
  • Employer ID (EIN)22-20032471
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNew Jersey1
  • Fiscal year endsDecember 311
  • Industry code (SIC)3679 Electronic Components, NEC1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address181 Legrand Ave, Northvale, NJ 076471
  • Phone20176719101
  • Shares outstanding16,767,642 as of May 14, 20245
  • Public float$5.8M as of Jun 30, 20234
  • On EDGAR sinceMay 12, 19951
  • Filings627 in all: 4 (214), 8-K (109), 10-Q (88), SC 13G/A (39), DEF 14A (26), 10-K (24), 144 (17), 3 (15)1
    All 34 form types

    SC 13G (14), SD (9), PRE 14A (7), 4/A (6), UPLOAD (6), 10-K405 (5), 10-Q/A (5), 8-K/A (5), CORRESP (4), NT 10-K (4), POS AM (4), S-8 (4), S-8 POS (4), DEFA14A (3), 10-K/A (2), 424B3 (2), EFFECT (2), 15-12G (1), ARS (1), DEFM14A (1), DEFR14A (1), PREM14A (1), REGDEX (1), S-1 (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 28, 2024
    Quarterly report (10-Q) May 14, 2024
    Proxy statement (DEF 14A) Aug 11, 2023
    Latest 8-K (8-K) Jul 2, 2024

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