NeoPhotonics Revenues Climbing
SAN JOSE, Calif., Nov. 11, 2014 — Optical communications firm NeoPhotonics Corp. said it is moving toward profitability with increasing revenues and plans to take on a new product line.
Net loss was $1.9 million, a decrease from a net loss of $9.4 million in the third quarter of 2013. Revenue was $81.6 million, up 6.2 percent from $76.8 million in the third quarter of 2013.
CEO Tim Jenks said the company’s pending acquisition of Emcore’s tunable laser product line will position NeoPhotonics to play a key role in worldwide deployments of 100G communications systems.
The company expects revenue in the range of $74 million to $80 million in the fourth quarter.
NeoPhotonics designs and manufactures optoelectronic modules based on photonic integrated circuits (PICs), as well as communications subsystems.
For more information, visit www.neophotonics.com.
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