NORTHVALE, NJ—Inrad Optics, Inc. has reported its consolidated financial results for the first quarter of 2014.

Revenue for the three months ending on March 31, 2014 was $1.9 million, down 38.1 percent from $3.8 million in the first quarter last year, as the Company experienced a decrease in shipments in the defense and university & national labs markets. Increased shipments in laser systems and process control & metrology markets partially offset the overall decline.