NeoPhotonics Posts Q4 Revenue of $57 Million

NeoPhotonics reported record Q4 2011 revenue of $57.2 million, an increase of $14.3 million, or 33% from the third quarter of 2011, and an increase of $7.0 million, or 14%, from the fourth quarter of 2010, inclusive of revenue attributable to Santur Corporation, which was acquired on October 12, 2011. Gross margin for the fourth quarter of 2011 was 21.5%. Loss from continuing operations for the fourth quarter of 2011 was $22.8 million, as compared to loss from continuing operations of $4.2 million in the third quarter of 2011 and income from continuing operations of $0.5 million in the fourth quarter of 2010.


“We are pleased with our results for the fourth quarter of 2011, which exceeded our projected ranges for revenue, Non-GAAP gross margin and Non-GAAP earnings per share,�? said Tim Jenks, Chairman, President and CEO of NeoPhotonics. “We achieved record quarterly revenue of $57.2 million, and 2011 marks our 9th consecutive year of year-over-year revenue growth. We experienced strong demand in our speed, agility and access product categories and avoided adverse impacts from the floods in Thailand. In addition, we saw an increase in new customer engagements in the fourth quarter, particularly for our coherent PIC-based products,�? continued Mr. Jenks.
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