OpNext Post Sales of $97 Million, 40G + Sales are Up

OpNext reported quarterly revenue of $97.1 million, up 12.4% compared to $86.4 million in the quarter ended September 30, 2010. Net loss was $10.2 million for the quarter ended December 31, 2010, or $0.11 per fully diluted share, compared to a net loss of $14.4 million, or $0.16 per fully diluted share, for the quarter ended September 30, 2010.


Revenue from sales of 10Gbps and below products increased $5.3 million, or 9.3%, to $61.8 million, compared to the quarter ended September 30, 2010, primarily as a result of increased sales of SFP+ and X2 modules.


Revenue from sales of 40Gbps and above products increased $5.2 million, or 23.5%, to $27.4 million, compared to the quarter ended September 30, 2010, primarily as a result of an increase in module sales.


Revenue from sales of industrial and commercial products increased $0.2 million, or 2.7%, to $7.9 million, compared to the quarter ended September 30, 2010.


Alcatel-Lucent and Cisco Systems, Inc. each represented 10% or more of total revenues in the quarter ended December 31, 2010. Combined, sales to these two customers represented 33% of total revenues compared to 34% in the quarter ended September 30, 2010. http://www.opnext.com