Exhibit 12.1
 
 
EMCORE CORPORATION AND SUBSIDIARIES
 
Ratio of Earnings to Fixed Charges
 
(In thousands, except ratio)
 
                               
                               
   
Year Ended September  30,
 
   
2008
   
2007
   
2006
   
2005
   
2004
 
Fixed charges, as defined by the Securities and Exchange Commission:
                             
 
                             
                               
Interest on long-term debt
 
$
1,580
   
$
4,985
   
$
5,352
   
$
4,844
   
$
6,156
 
Imputed interest in rents
 
 
533
   
 
533
   
 
700
   
 
633
   
 
767
 
     Total Fixed Charges*
 
$
2,113
   
$
5,518
   
$
6,052
   
$
5,477
   
$
6,923
 
                                         
                                         
                                         
Earnings, as defined by the Securities and Exchange Commission:
                                       
 
                                       
                                         
Earnings from continuing operations before income taxes
 
$
(80,860
)
 
$
(58,722
)
 
$
46,891
   
$
(24,685
)
 
$
(28,376
Fixed charges as above
   
2,113
     
5,518
     
6,052
     
5,477
     
6,923
 
                                         
Earnings Available for Fixed Charges
 
$
(78,747
)
 
$
(53,204
 )
 
$
52,943
   
$
(19,208
 )
 
$
(21,453
)
                                         
Ratio of Earnings to Fixed Charges
   
N/M
**
   
N/M
**
   
10
     
N/M
**
   
N/M
**
                                         
 
*Fixed Charges consist of interest expense and our estimate of an appropriate portion of rentals representative of the interest factor. The estimate of interest within rental expense is estimated to be one-third of rental expense.
 
**The ratio of earnings to fixed charges for the six-months ended March 31, 2009 and for the years ended September 30, 2008, 2007, 2005 and 2004 are not meaningful since earnings available for fixed charges is negative for those periods.  The shortfall in the earnings available for fixed charges to achieve a ratio of earnings to fixed charges of 1.00 amounted to $77.1 million for the six months ended March 31, 2009 and $80.9 million, $58.7 million, $24.7 million, and 28.4 million for the years ended September 30, 2008, 2007, 2005 and 2004 respectively.