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NeoPhotonics Profits Down Despite Growing Demand

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SAN JOSE, Calif., May 20, 2014 — NeoPhotonics Corp. ended 2013 with an annual net loss of $34.3 million, an increase from the $17.5 million annual net loss it reported for 2012. The company’s fourth-quarter net loss was $4.5 million, a decrease from a net loss of $9.4 million in the third quarter of 2013 and up from a net loss of $3 million in the fourth quarter of 2012. Revenue for the year was $282.2 million, an increase of $36.8 million, or 15 percent, from $245.4 million in 2012. Fourth-quarter 2013 revenue was down 20 percent, to $74.4 million, compared to the same period in 2012. Chairman and...Read full article

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    Published: May 2014
    AmericasAsia-PacificBusinessCommunicationsfiber opticsNeoPhotonics Corp.semiconductor lasersTim JenksLasers

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