Acacia Communications Files for IPO

Acacia Communications, a start-up based in Maynard, MA, filed a registration statement with the SEC for an initial public offering of its shares.

The company is seeking to list its shares under the symbol ACIA on the Nasdaq Global Market
Acacia, which was founded in 2009, develops  high-speed coherent optical interconnect products, including a series of low-power coherent DSP ASICs and silicon PICs.  The company has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 Gbps for use in long-haul, metro and inter-data center markets. Acacia’s coherent DSP ASICs and silicon PICs are manufactured using CMOS and CMOS-compatible processes. Using CMOS to siliconize optical interconnect technology enables Acacia to continue to integrate increasing functionality into its products, benefit from higher yields and reliability associated with CMOS and capitalize on regular improvements in CMOS performance, density and cost.

In its S-1 statement, Acacia said it had 20 network equipment manufacturers as customers for the year ending September 30, 2015. Acacia's revenue for 2014 was $146.2 million, an 88.3% increase from $77.7 million of revenue in 2013. Its revenue for the nine months ended September 30, 2015 was $170.5 million, a 62.0% increase from $105.2 million of revenue in the nine months ended September 30, 2014. In 2014, the company generated net income of $13.5 million and our adjusted EBITDA was $20.4 million, compared to a net loss of $1.2 million and adjusted EBITDA of $3.6 million in 2013.  For the nine months ended September 30, 2015, Acacia generated net income of $17.9 million and our adjusted EBITDA was $31.7 million, compared to net income of $11.0 million and adjusted EBITDA of $16.0 million for the nine months ended September 30, 2014.

http://www.sec.gov/Archives/edgar/data/1651235/000119312515409344/d46988ds1.htm
http://acacia-inc.com