Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

  • NeoPhotonics Cuts Losses with Strong Fourth Quarter
Mar 2015
SAN JOSE, Calif., March 4, 2015 — Network components firm NeoPhotonics Corp. reported a net loss of $19.7 million, an improvement from a net loss of $34.3 million in 2013.

Revenue in 2014 was $306.2 million, an increase of $23.9 million, or 8.5 percent, from $282.2 million in 2013.

CEO Tim Jenks said the company had record profits in the fourth quarter thanks to its focus on cost control, product portfolio optimization and sales of its 100G products.

Fourth-quarter revenue was $79.0 million, up $4.6 million, or 6.2 percent, from the fourth quarter of 2013, and a decrease of $2.6 million, or 3.2 percent, from the prior quarter.

Net income was $1.6 million in the fourth quarter of 2014, up from a loss of $4.5 million in the fourth quarter of 2013, and up from a loss of $1.9 million in the prior quarter.

The company expects revenue in the range of $75 million to $81 million in the first quarter of 2015.

NeoPhotonics develops hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks.

A sub-field of photonics that pertains to an electronic device that responds to optical power, emits or modifies optical radiation, or utilizes optical radiation for its internal operation. Any device that functions as an electrical-to-optical or optical-to-electrical transducer. Electro-optic often is used erroneously as a synonym.
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.