RBCN on NASDAQ

Rubicon Technology

Logo: Rubicon Technology, Public domain, via Wikimedia Commons5

American crystal technology company

Rubicon Technology, Inc. is an American company specializing in sapphire crystal growth and large-diameter sapphire technology. Their improvement to the Kyropoulos technology is known as "ES2", and was developed in their Illinois-based crystal growth facilities. Rubicon Technology has been producing the industry's first 12-inch sapphire wafer since 2010, and has shipped millions of wafers and core products in sizes from 2" to 12" since 2001.3 It is headquartered in Bensenville, United States.1 Its shares trade on NASDAQ under the symbol RBCN.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2001Founded1

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  • TickerRBCN on NASDAQ1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersBensenville, United States1
  • Websitewww.rubicontechnology.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address900 East Green Street, Bensenville, Il 601066
  • Filer categoryNon-accelerated filer, Smaller reporting company6
  • LEI549300Z83KRGYFXWCC614
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 33514824

Rubicon Technology, Inc. is an American company specializing in sapphire crystal growth and large-diameter sapphire technology. Their improvement to the Kyropoulos technology is known as "ES2", and was developed in their Illinois-based crystal growth facilities. Rubicon Technology has been producing the industry's first 12-inch sapphire wafer since 2010, and has shipped millions of wafers and core products in sizes from 2" to 12" since 2001. The company's products have been used in the LED industry and for the production of silicon on sapphire wafers for integrated circuits (RFICs), as well as on high-quality optical and industrial applications for high-performance sapphire.3

Financials

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

Key numbers, fiscal 2022

40.1%Gross margin8
16.3%Operating margin8
26.1%Net margin8
-11.7%Revenue growth, 20228
29.2%Return on equity8
0.49×Debt to equity8

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue57¢$2.1M
  • Research and development17¢$662.0K
  • Interest1¢$39.0K
  • Profit25¢$935.0K

Out of $3.6M in revenue.8

Financial statements

Revenue9101112138$3.6M in 2022−82% since 2016
0$5.0M$10.0M$15.0M$20.0M2016: $19.6M$19.6M20162017: $5.0M$5.0M2017−74%2018: $3.9M$3.9M2018−23%2019: $3.5M$3.5M2019−9%2020: $3.6M$3.6M2020+3%2021: $4.1M$4.1M2021+12%2022: $3.6M$3.6M2022−12%
Gross profit9101112138$1.4M in 2022
-$30.0M-$20.0M-$10.0M0$10.0M2016: -$26.0M-$26.0M20162017: -$5.5M-$5.5M2017−79%2018: $16.0K$16.0K20182019: $1.1M$1.1M2019+6662%2020: $1.0M$1.0M2020−7%2021: $1.3M$1.3M2021+25%2022: $1.4M$1.4M2022+14%
Operating income91011128$585.0K in 2022
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2016: -$62.7M-$62.7M20162017: -$17.9M-$17.9M2017−71%2018: $635.0K$635.0K20182019: -$1.2M-$1.2M20192020: $530.0K$530.0K20202021: -$464.0K-$464.0K20212022: $585.0K$585.0K2022
Net income9101112138$935.0K in 2022
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2016: -$62.9M-$62.9M20162017: -$17.9M-$17.9M2017−72%2018: $963.0K$963.0K20182019: -$1.1M-$1.1M20192020: -$1.1M-$1.1M2020−7%2021: -$730.0K-$730.0K2021−31%2022: $935.0K$935.0K2022
Fiscal year2016201720182019202020212022
Revenue$19.6M9$5.0M10$3.9M11$3.5M12$3.6M13$4.1M8$3.6M8
Cost of revenue$7.5M9$10.6M10$3.9M10$2.4M12$2.6M13$2.8M8$2.1M8
Gross profit-$26.0M9-$5.5M10$16.0K11$1.1M12$1.0M13$1.3M8$1.4M8
Research and development$2.5M9$962.0K10$122.0K11$662.0K13$662.0K8
Operating income-$62.7M9-$17.9M10$635.0K11-$1.2M12$530.0K12-$464.0K8$585.0K8
Interest$99.0K9$39.0K8
Income before tax-$459.0K8$919.0K8
Income tax-$223.0K9$88.0K10$24.0K11$22.0K12$13.0K13
Net income-$62.9M9-$17.9M10$963.0K11-$1.1M12-$1.1M13-$730.0K8$935.0K8
Earnings per share-$23.869-$6.6010$0.3511-$0.4212-$0.4312
Earnings per share (diluted)-$23.869-$6.6010$0.3511-$0.4212-$0.4312
Shares (weighted, basic)2.4M shares82.4M shares8
Shares (weighted, diluted)2.4M shares82.5M shares8

Compare Rubicon Technology with another company

Corporate structure

Rubicon Technology sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rubicon Technology

  • Rubicon Technology Bensenville, Illinois, United States
    • JANEL GROUP LLC Subsidiary · Garden City, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rubicon Technology 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$6.4M8 Dec 31, 2022$6.4M8 Dec 31, 2021−0.5%
Accumulated depreciation$4.2M8 Dec 31, 2022$4.1M8 Dec 31, 2021+2.1%
Property and equipment, net$2.2M8 Dec 31, 2022$2.3M8 Dec 31, 2021−5.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.6M8 Dec 31, 2022$11.3M8 Dec 31, 2021−85.9%
Marketable securities, current$14.8M8 Dec 31, 2021$14.7M13 Dec 31, 20200%
Debt securities available for sale$1.6M8 Dec 31, 2022$171.0K12 Dec 31, 2019+842.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$325.0K8 Dec 31, 2022$658.0K8 Dec 31, 2021−50.6%
Raw materials$367.0K8 Dec 31, 2022$468.0K8 Dec 31, 2021−21.6%
Work in process$379.0K8 Dec 31, 2022$328.0K8 Dec 31, 2021+15.5%
Finished goods$229.0K8 Dec 31, 2022$330.0K8 Dec 31, 2021−30.6%
Supplies$124.0K8 Dec 31, 2022$133.0K8 Dec 31, 2021−6.8%

The story

In 2000, Rubicon Technology began its commercial production and was incorporated in 2001. The company successfully grew a 30 kg sapphire boule in 2002. In 2003, its polishing capacity was added, and it received ISO 9001 certification in the following year. In 2013, Rubicon launched 4" and 6" Patterned Sapphire Substrates, extending vertical integration "from powder to pattern".

From Wikipedia’s article on Rubicon Technology, shared under CC BY-SA 4.0.7

Leadership

Who has led Rubicon Technology, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (14)

Products and brands

Rubicon Technology is engaged in developing, manufacturing and selling monocrystalline sapphire and other crystalline products for light-emitting diodes, radio-frequency integrated circuits, optoelectronics, and other optical applications.

Rubicon Technology produces Patterned Sapphire Substrates in 4" through 8" diameters. The company also produces sapphire ingots, which are used as raw material for further fabrication. Additionally, Rubicon produces optical windows, with applications ranging from defense/aerospace and instrumentation to medical devices and polished epi-ready substrates.

From Wikipedia’s article on Rubicon Technology, shared under CC BY-SA 4.0.7

Timeline

  1. Mar 3, 20238-K Executive or director change39
  2. Feb 24, 20238-K Executive or director change; Bylaws or fiscal year changed40
  3. Dec 23, 20228-K Shareholder vote41
  4. Dec 13, 20228-K Executive or director change42
  5. Dec 13, 20228-K Listing notice or transfer; Regulation FD disclosure43
  6. Oct 20, 20228-K Listing notice or transfer44
  7. Sep 20, 20228-K Completed an acquisition or sale45
  8. Sep 19, 20228-K Completed an acquisition or sale46
  9. Aug 22, 20228-K Executive or director change47
  10. Aug 19, 20228-K Entered a material agreement; New debt or obligation48
  11. Aug 12, 20228-K Regulation FD disclosure49
  12. Jul 5, 20228-K Entered a material agreement; Regulation FD disclosure50
  13. Mar 17, 2017New chief executive Timothy E. Brog becomes CEO17
  14. Sep 19, 2014New chief executive William F. Weissman becomes CEO18
  15. Nov 16, 2007Went public Listed on NASDAQ1
  16. Nov 15, 2007New chief executive Raja M. Parvez becomes CEO19
  17. 2001Founded Founded1

Filings

57 filings to the SEC since October 2021: 3 annual reports, 4 quarterly reports, 13 major events, 14 insider forms, 9 large holders, 14 other. The latest 20:

  1. Mar 30, 202315-15D EDGAR
  2. Mar 30, 202310-K ANNUAL REPORT EDGAR
  3. Mar 22, 2023EFFECT EDGAR
  4. Mar 20, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 2 TO FORM S-3 EDGAR
  5. Mar 14, 2023EFFECT EDGAR
  6. Mar 10, 2023POS AM POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-3 EDGAR
  7. Mar 10, 2023S-8 POS REGISTRATION STATEMENT EDGAR
  8. Mar 10, 2023S-8 POS REGISTRATION STATEMENT EDGAR
  9. Mar 10, 2023S-8 POS REGISTRATION STATEMENT EDGAR
  10. Mar 3, 20238-K EDGAR
  11. Feb 24, 20238-K CURRENT REPORT EDGAR
  12. Feb 24, 20234 EDGAR
  13. Dec 23, 202225 EDGAR
  14. Dec 23, 20228-K CURRENT REPORT EDGAR
  15. Dec 13, 20228-K CURRENT REPORT EDGAR
  16. Dec 13, 20228-K CURRENT REPORT EDGAR
  17. Nov 21, 2022DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
  18. Nov 10, 202210-Q QUARTERLY REPORT EDGAR
  19. Oct 20, 20228-K CURRENT REPORT EDGAR
  20. Sep 20, 20228-K/A AMENDMENT NO. 1 TO FORM 8-K EDGAR

The 57 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.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 0 buys and 5 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 22, 2023Brog TimothyDirectorSale52,624$1.51$79.5KForm 4
Aug 19, 2022Brog TimothyDirectorSale58,315$20.00$1.2MForm 4
Aug 19, 2022MIKOLAJCZYK MICHAEL EDirectorSale31,851$20.00$637.0KForm 4
Aug 19, 2022Westphal SusanDirectorSale4,472$20.00$89.4KForm 4
Aug 19, 2022Bandera Partners LLCSale132,992$20.00$2.7MForm 4

From Forms 4 filed with the SEC.

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.

SEC filer profile

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

  • Name on EDGARRubicon Technology, Inc.2
  • CIK0001410172
  • Employer ID (EIN)36-44193012
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3674 Semiconductors & Related Devices2
  • Business address900 East Green Street, Bensenville, IL 601062
  • Phone(847) 295-70002
  • Shares outstanding2,410,265 as of Feb 28, 20238
  • Public float$18.5M as of Jun 30, 20228
  • On EDGAR sinceSep 5, 20072
  • Filings666 in all: 4 (198), 8-K (140), SC 13G/A (53), 10-Q (45), 3 (22), SC 13G (19), 10-K (16), UPLOAD (15)2
    All 53 form types

    DEFA14A (14), DEF 14A (13), DFAN14A (12), SC 13D/A (9), CORRESP (8), EFFECT (7), 10-K/A (6), 4/A (5), CT ORDER (5), PRE 14A (5), S-1/A (5), 8-K/A (4), POS AM (4), SC 13D (4), 424B5 (3), ARS (3), DEFC14A (3), FWP (3), PREC14A (3), S-3 (3), S-8 (3), S-8 POS (3), 424B2 (2), 424B4 (2), 8-A12B (2), 8-A12B/A (2), PRER14A (2), PRRN14A (2), S-1 (2), S-3/A (2), SC TO-C (2), SC TO-T/A (2), 10-Q/A (1), 15-15D (1), 25 (1), 3/A (1), AW (1), CERTNAS (1), NT 10-K/A (1), PX14A6G (1), RW (1), S-1MEF (1), S-3MEF (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2023
    Quarterly report (10-Q) Nov 10, 2022
    Proxy statement (DEF 14A) Nov 21, 2022
    Latest 8-K (8-K) Mar 3, 2023

Sources

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