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Xtera Revenues Soar in Fiscal 2015

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Optical transport technology company Xtera Communications Inc. more than doubled its revenues in the last fiscal year leading up to its initial public offering. Xtera reported revenues of $58.7 million, compared to $25.0 million in fiscal 2014. The company's net loss shrank from $26.1 million in fiscal 2014 to $16.6 million in fiscal 2015. CEO Jon Hopper said 2015 "was a year of significant progress for Xtera as we more than doubled our revenue, successfully demonstrated in a real-world network the industry's highest-capacity, longest-reach solution at 64 Tb/s per fiber pair with...Read full article

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    Published: December 2015
    BusinessAmericasTexasXterafiber opticsCommunicationsJon Hopperearningslight speed

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