• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    NeoPhotonics Reports Third Quarter 2021 Financial Results

    11/4/21 7:32:00 AM ET
    $NPTN
    Semiconductors
    Technology
    Get the next $NPTN alert in real time by email
    • Separately, NeoPhotonics and Lumentum Holdings Inc jointly announced a definitive agreement under which Lumentum would acquire NeoPhotonics for $16.00 per share in cash
    • NeoPhotonics cancels today's regular conference call to discuss third quarter results

    NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced financial results for its third quarter of 2021.

    "With our very strong performance in the third quarter, we have returned to operating profit on a non-GAAP basis, as we forecasted one year ago. Operating income on a GAAP basis was a loss of $1.3 million, a substantial improvement over our second quarter. Our accelerated growth has been driven by products for 400G and above applications, including the initial ramp of 400ZR and related products, adding to our 400G and above suite," said Tim Jenks, Chairman and CEO of NeoPhotonics.

    Third Quarter 2021 Summary

    • Revenue at $83.7 million at the high end of range, up 29% quarter-over-quarter and down 18% year-over-year
    • Gross margin was 28.4%, up from 15.2% in the prior quarter
    • Non-GAAP gross margin was 29.4%, up from 21.7% in the prior quarter
    • Operating income was a loss of $1.3 million, up from a loss of $16.3 million in the prior quarter.
    • Non-GAAP operating income was positive $1.3 million, up from a loss of $10.3 million in the prior quarter
    • Net loss per share was $0.04, compared to net loss of $0.34 per share in the prior quarter
    • Non-GAAP net earnings per share was $0.01, compared to Non-GAAP net loss of $0.22 per share in the prior quarter
    • Adjusted EBITDA was $6.7 million, up from a negative $5.4 million in the prior quarter

    Product Milestones

    • Products capable of use for 400G and above applications were 50% of revenue
    • We announced that we have shipped more than two million tunable lasers cumulatively, used in the majority of the total coherent ports delivered since their inception a decade ago.
    • We announced a new frequency modulated continuous wave laser (FMCW). This laser, together with a high power semiconductor optical amplifier, or SOA, is used in coherent LIDAR applications for autonomous vehicles and for precision industrial instruments.

    As of September 30, 2021, cash and cash equivalents, short-term investments and restricted cash totaled $105 million. Free Cash Flow was ($3.6) million. Cash from operations was $0.1 million, including a $4.4 million increase in inventory to buffer the supply chain. Capital purchases were $3.7 million. We drew down $15 million of debt from one of our China credit facilities.

    Non-GAAP results in the third quarter of 2021 exclude $2.2 million of stock-based compensation and $0.4 million of accelerated depreciation, amortization and other charges. A reconciliation of the non-GAAP and Adjusted EBITDA financial measures to the most directly comparable GAAP financial measures is provided in the financial schedules portion at the end of this press release.

    Related Announcement and Conference Calls

    In a separate press release issued today, Lumentum Holdings Inc. and NeoPhotonics (NYSE:NPTN) jointly announced that they have entered into a definitive agreement under which Lumentum will acquire all outstanding shares of NeoPhotonics in an all-cash transaction of $16.00 per share, giving a fully diluted equity value of approximately $918 million. A copy of the press release can be found on the Company's investor relations website https://ir.neophotonics.com/.

    Because of the announced transaction, NeoPhotonics' earnings call scheduled for November 4, 2021 at 4:30 pm EDT will no longer take place.

    Lumentum will host a conference call today, November 4, 2021, at 5:30 am PT/8:30 am ET to discuss the announced transaction. Information about today's call and the related transaction announcement is available on the Lumentum website at http://investor.lumentum.com.

    Non-GAAP and Adjusted EBITDA Measures vs. GAAP Financial Measures

    The Company's non-GAAP and Adjusted EBITDA measures exclude certain GAAP financial measures. A reconciliation of the non-GAAP and Adjusted EBITDA financial measures to the most directly comparable GAAP financial measures is provided in the financial schedules portion at the end of this press release. These non-GAAP financial measures differ from GAAP measures with the same captions and may differ from non-GAAP financial measures with the same or similar captions that are used by other companies. As such, these non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.

    The Company uses these non-GAAP financial measures to analyze its operating performance and future prospects, develop internal budgets and financial goals, and to facilitate period-to-period comparisons. NeoPhotonics believes that these non-GAAP financial measures reflect an additional way of viewing aspects of its operations that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

    Conference Call

    The Company will not be hosting a conference call today.

    About NeoPhotonics

    NeoPhotonics is a leading developer and manufacturer of lasers and optoelectronic solutions that transmit, receive and switch high-speed digital optical signals for Cloud and hyper-scale data center internet content provider and telecom networks. The Company's products enable cost-effective, high-speed over distance data transmission and efficient allocation of bandwidth in optical networks. NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2015 certified engineering and manufacturing facilities in Silicon Valley (USA), Japan and China. For additional information visit www.neophotonics.com.

    Forward-Looking Statements

    This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, including the timing of the proposed transaction and other information related to the proposed transaction. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern the proposed transaction and our expectations, strategy, plans or intentions regarding it. Forward-looking statements in this communication include, but are not limited to, (i) expectations regarding the timing, completion and expected benefits of the proposed transaction, (ii) plans, objectives and intentions with respect to future operations, customers and the market, and (iii) the expected impact of the proposed transaction on the business of the parties. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. These risks include the risk that the transaction may not be completed in a timely manner or at all; the ability to secure regulatory approvals on the terms expected in a timely manner or at all; the effect of the announcement or pendency of the transaction on our business relationships, results of operations and business generally; risks that the proposed transaction disrupts current plans and operations; the risk of litigation and/or regulatory actions related to the proposed transaction; potential impacts of the Covid-19 pandemic; changing supply and demand conditions in the industry; and general market, political, economic and business conditions. The forward-looking statements contained in this communication are also subject to other risks and uncertainties, including those more fully described in filings with the Securities and Exchange Commission, including reports filed on Form 10-K, 10-Q and 8-K and in other filings made by NeoPhotonics and Lumentum with the SEC from time to time and available at www.sec.gov. These forward looking statements are based on current expectations, and with regard to the proposed transaction, are based on Lumentum's and NeoPhotonics' current expectations, estimates and projections about the expected date of closing of the proposed transaction and the potential benefits thereof, its business and industry, management's beliefs and certain assumptions made by NeoPhotonics and Lumentum, all of which are subject to change.

    The parties undertake no obligation to update the information contained in this communication or any other forward-looking statement.

    Additional Information and Where to Find It

    This communication is being made in respect of a proposed business combination involving Lumentum and NeoPhotonics. NeoPhotonics will file relevant materials with the Securities and Exchange Commission (the "SEC") in connection with the proposed transaction, including a proxy statement on Schedule 14A. Under the proposed terms, promptly after filing its proxy statement with the SEC, NeoPhotonics will mail or otherwise make available the proxy statement and a proxy card to each stockholder entitled to vote at the annual meeting relating to the proposed transaction. NEOPHOTONICS STOCKHOLDERS AND OTHER INVESTORS ARE ADVISED TO CAREFULLY READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN RESPECT OF THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, AS THOSE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION.

    LUMENTUM AND NEOPHOTONICS URGE INVESTORS AND SECURITY HOLDERS TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

    Investors and security holders will be able to obtain these materials (when they are available and filed) free of charge at the SEC's website, www.sec.gov. Copies of documents filed with the SEC by Lumentum (when they become available) may be obtained free of charge on Lumentum's website at www.lumentum.com or by contacting Lumentum's Investor Relations Department at [email protected]. Copies of documents filed with the SEC by NeoPhotonics (when they become available) may be obtained free of charge on NeoPhotonics' website at https://ir.NeoPhotonics.com/ by contacting NeoPhotonics' Investor Relations at [email protected].

    Participants in the Solicitation

    The directors and executive officers of NeoPhotonics may be deemed to be participants in the solicitation of proxies from the stockholders of NeoPhotonics in connection with the proposed transaction. Information regarding the interests of these directors and executive officers in the transaction described herein will be included in the proxy statement described above. Additional information regarding NeoPhotonics' directors and executive officers is also included in NeoPhotonics' proxy statement for its 2021 Annual Meeting of Stockholders, which was filed with the SEC on April 16, 2021. These documents are available free of charge as described in the preceding paragraph.

    ©2021 NeoPhotonics Corporation. All rights reserved. NeoPhotonics and the red dot logo are trademarks of NeoPhotonics Corporation. All other marks are the property of their respective owners.

    NeoPhotonics Corporation

    Condensed Consolidated Balance Sheets (Unaudited)

    (In thousands)

     

    As of

     

    Sep. 30, 2021

    Dec. 31, 2020

     

     

     

    ASSETS

     

     

    Current assets:

     

     

    Cash and cash equivalents

    $

    76,578

     

    $

    95,117

     

    Short-term investments

    27,674

     

    27,669

     

    Restricted cash

    495

     

    489

     

    Accounts receivable, net

    57,901

     

    45,232

     

    Inventories

    48,663

     

    46,901

     

    Prepaid expenses and other current assets

    18,673

     

    20,173

     

    Total current assets

    229,984

     

    235,581

     

    Property, plant and equipment, net

    57,134

     

    66,765

     

    Operating lease right-of-use assets

    13,922

     

    13,823

     

    Purchased intangible assets, net

    985

     

    1,468

     

    Goodwill

    1,115

     

    1,115

     

    Other long-term assets

    5,159

     

    4,912

     

    Total assets

    $

    308,299

     

    $

    323,664

     

     

     

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

    Current liabilities:

     

     

    Accounts payable

    $

    59,303

     

    $

    43,539

     

    Short-term borrowing, net

    14,822

     

    —

     

    Current portion of long-term debt

    3,015

     

    3,232

     

    Accrued and other current liabilities

    24,983

     

    42,053

     

    Total current liabilities

    102,123

     

    88,824

     

    Long-term debt, net of current portion

    26,570

     

    30,327

     

    Operating lease liabilities, noncurrent

    14,150

     

    14,522

     

    Other noncurrent liabilities

    8,315

     

    9,584

     

    Total liabilities

    151,158

     

    143,257

     

     

     

     

    Stockholders' equity:

     

     

    Common stock

    132

     

    126

     

    Additional paid-in capital

    604,727

     

    597,460

     

    Accumulated other comprehensive income

    1,180

     

    1,735

     

    Accumulated deficit

    (448,898

    )

    (418,914

    )

    Total stockholders' equity

    157,141

     

    180,407

     

    Total liabilities and stockholders' equity

    $

    308,299

     

    $

    323,664

     

    NeoPhotonics Corporation

    Condensed Consolidated Statements of Operations (Unaudited)

    (In thousands, except percentages and per share data)

     

    Three Months Ended

    Nine Months Ended

     

    Sep. 30, 2021

    Jun. 30, 2021

    Sep. 30, 2020

    Sep. 30, 2021

    Sep. 30, 2020

    Revenue

    $

    83,742

     

    $

    65,010

     

    $

    102,398

     

    $

    209,677

     

    $

    302,970

     

    Cost of goods sold (1)

    59,968

     

    55,135

     

    77,994

     

    162,689

     

    215,338

     

    Gross profit

    23,774

     

    9,875

     

    24,404

     

    46,988

     

    87,632

     

    Gross margin

    28.4

    %

    15.2

    %

    23.8

    %

    22.4

    %

    28.9

    %

    Operating expenses:

     

     

     

     

     

    Research and development (1)

    13,875

     

    15,410

     

    15,276

     

    42,383

     

    40,849

     

    Sales and marketing (1)

    3,498

     

    3,362

     

    3,692

     

    10,725

     

    11,630

     

    General and administrative (1)

    7,719

     

    7,398

     

    7,758

     

    22,411

     

    23,350

     

    Acquisition and asset sale related costs (recoveries)

    28

     

    (36

    )

    87

     

    155

     

    219

     

    Restructuring charges (recoveries)

    (12

    )

    22

     

    141

     

    10

     

    141

     

    Total operating expenses

    25,108

     

    26,156

     

    26,954

     

    75,684

     

    76,189

     

    Income (loss) from operations

    (1,334

    )

    (16,281

    )

    (2,550

    )

    (28,696

    )

    11,443

     

    Interest income

    94

     

    140

     

    21

     

    339

     

    141

     

    Interest expense

    (207

    )

    (220

    )

    (263

    )

    (654

    )

    (942

    )

    Other income (expense), net

    43

     

    (880

    )

    (3,317

    )

    306

     

    (2,314

    )

    Total interest and other expense, net

    (70

    )

    (960

    )

    (3,559

    )

    (9

    )

    (3,115

    )

    Income (loss) before income taxes

    (1,404

    )

    (17,241

    )

    (6,109

    )

    (28,705

    )

    8,328

     

    Income tax provision (benefit)

    (456

    )

    (192

    )

    1,206

     

    (1,279

    )

    (1,199

    )

    Net income (loss)

    $

    (1,860

    )

    $

    (17,433

    )

    $

    (4,903

    )

    $

    (29,984

    )

    $

    7,129

     

    Basic net income (loss) per share

    $

    (0.04

    )

    $

    (0.34

    )

    $

    (0.10

    )

    $

    (0.58

    )

    $

    0.14

     

    Diluted net income (loss) per share

    $

    (0.04

    )

    $

    (0.34

    )

    $

    (0.10

    )

    $

    (0.58

    )

    $

    0.14

     

    Weighted average shares used to compute basic net income (loss) per share

    52,427

     

    51,634

     

    49,936

     

    51,599

     

    49,212

     

    Weighted average shares used to compute diluted net income (loss) per share

    52,427

     

    51,634

     

    49,936

     

    51,599

     

    51,411

     

     

     

     

     

     

     

    (1) Includes stock-based compensation expense as follows for the periods presented:

     

     

     

     

     

    Cost of goods sold

    $

    403

     

    $

    572

     

    $

    607

     

    $

    1,523

     

    $

    1,765

     

    Research and development

    565

     

    744

     

    748

     

    2,171

     

    2,505

     

    Sales and marketing

    353

     

    261

     

    565

     

    1,168

     

    1,833

     

    General and administrative

    873

     

    763

     

    853

     

    2,949

     

    2,975

     

    Total stock-based compensation expense

    $

    2,194

     

    $

    2,340

     

    $

    2,773

     

    $

    7,811

     

    $

    9,078

     

    NeoPhotonics Corporation

    Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures (Unaudited)

    (In thousands, except percentages and per share data)

     

    Three Months Ended

    Nine Months Ended

     

    Sep. 30, 2021

    Jun. 30, 2021

    Sep. 30, 2020

    Sep. 30, 2021

    Sep. 30, 2020

    NON-GAAP GROSS PROFIT:

     

     

     

     

     

    GAAP gross profit

    $

    23,774

     

    $

    9,875

     

    $

    24,404

     

    $

    46,988

     

    $

    87,632

     

    Stock-based compensation expense

    403

     

    572

     

    607

     

    1,523

     

    1,765

     

    Amortization of purchased intangible assets

    154

     

    153

     

    184

     

    492

     

    552

     

    Depreciation of acquisition-related fixed asset step-up

    2

     

    3

     

    (8

    )

    (1

    )

    (28

    )

    End-of-life related inventory write-down

    —

     

    3,257

     

    4,435

     

    2,680

     

    4,435

     

    Accelerated depreciation

    173

     

    157

     

    4,120

     

    504

     

    4,120

     

    Restructuring charges

    78

     

    113

     

    706

     

    191

     

    706

     

    Non-GAAP gross profit

    $

    24,584

     

    $

    14,130

     

    $

    34,448

     

    $

    52,377

     

    $

    99,182

     

    Non-GAAP gross margin as a % of revenue

    29.4

    %

    21.7

    %

    33.6

    %

    25.0

    %

    32.7

    %

     

     

     

     

     

     

    NON-GAAP TOTAL OPERATING EXPENSES:

     

     

     

     

     

    GAAP total operating expenses

    $

    25,108

     

    $

    26,156

     

    $

    26,954

     

    $

    75,684

     

    $

    76,189

     

    Stock-based compensation expense

    (1,791

    )

    (1,768

    )

    (2,166

    )

    (6,288

    )

    (7,313

    )

    Depreciation of acquisition-related fixed asset step-up

    (19

    )

    (21

    )

    (28

    )

    (65

    )

    (85

    )

    Acquisition and asset sale related costs (recoveries)

    (28

    )

    36

     

    (87

    )

    (155

    )

    (219

    )

    Restructuring charges (recoveries)

    12

     

    (22

    )

    (141

    )

    (10

    )

    (141

    )

    Non-GAAP total operating expenses

    $

    23,282

     

    $

    24,381

     

    $

    24,532

     

    $

    69,166

     

    $

    68,431

     

    Non-GAAP total operating expenses as a % of revenue

    27.8

    %

    37.5

    %

    24.0

    %

    33.0

    %

    22.6

    %

     

     

     

     

     

     

    NON-GAAP OPERATING INCOME (LOSS):

     

     

     

     

     

    GAAP income (loss) from operations

    $

    (1,334

    )

    $

    (16,281

    )

    $

    (2,550

    )

    $

    (28,696

    )

    $

    11,443

     

    Stock-based compensation expense

    2,194

     

    2,340

     

    2,773

     

    7,811

     

    9,078

     

    Amortization of purchased intangible assets

    154

     

    153

     

    184

     

    492

     

    552

     

    Depreciation of acquisition-related fixed asset step-up

    21

     

    24

     

    20

     

    64

     

    57

     

    Acquisition and asset sale related costs (recoveries)

    28

     

    (36

    )

    87

     

    155

     

    219

     

    End-of-life related inventory write-down

    —

     

    3,257

     

    4,435

     

    2,680

     

    4,435

     

    Accelerated depreciation

    173

     

    157

     

    4,120

     

    504

     

    4,120

     

    Restructuring charges

    66

     

    135

     

    847

     

    201

     

    847

     

    Non-GAAP income (loss) from operations

    $

    1,302

     

    $

    (10,251

    )

    $

    9,916

     

    $

    (16,789

    )

    $

    30,751

     

    Non-GAAP operating margin as a % of revenue

    1.6

    %

    (15.8

    )%

    9.7

    %

    (8.0

    )%

    10.1

    %

    NeoPhotonics Corporation

    Reconciliation of Condensed Consolidated GAAP Financial Measures to Non-GAAP Financial Measures (Unaudited) (Continued)

    (In thousands, except percentages and per share data)

     

    Three Months Ended

    Nine Months Ended

     

    Sep. 30, 2021

    Jun. 30, 2021

    Sep. 30, 2020

    Sep. 30, 2021

    Sep. 30, 2020

    NON-GAAP NET INCOME (LOSS):

     

     

     

     

     

    GAAP net income (loss)

    $

    (1,860

    )

    $

    (17,433

    )

    $

    (4,903

    )

    $

    (29,984

    )

    $

    7,129

     

    Stock-based compensation expense

    2,194

     

    2,340

     

    2,773

     

    7,811

     

    9,078

     

    Amortization of purchased intangible assets

    154

     

    153

     

    184

     

    492

     

    552

     

    Depreciation of acquisition-related fixed asset step-up

    21

     

    24

     

    20

     

    64

     

    57

     

    Acquisition and asset sale related costs (recoveries)

    28

     

    (36

    )

    87

     

    155

     

    219

     

    End-of-life related inventory write-down

    —

     

    3,257

     

    4,435

     

    2,680

     

    4,435

     

    Accelerated depreciation

    173

     

    157

     

    4,120

     

    504

     

    4,120

     

    Restructuring charges

    66

     

    135

     

    847

     

    201

     

    847

     

    Income tax effect of Non-GAAP adjustments

    —

     

    (17

    )

    (1,327

    )

    (19

    )

    (2,461

    )

    Non-GAAP net income (loss)

    $

    776

     

    $

    (11,420

    )

    $

    6,236

     

    $

    (18,096

    )

    $

    23,976

     

    Non-GAAP net income (loss) as a % of revenue

    0.9

    %

    (17.6

    )%

    6.1

    %

    (8.6

    )%

    7.9

    %

     

     

     

     

     

     

    ADJUSTED EBITDA:

     

     

     

     

     

    GAAP net income (loss)

    $

    (1,860

    )

    $

    (17,433

    )

    $

    (4,903

    )

    $

    (29,984

    )

    $

    7,129

     

    Stock-based compensation expense

    2,194

     

    2,340

     

    2,773

     

    7,811

     

    9,078

     

    Amortization of purchased intangible assets

    154

     

    153

     

    184

     

    492

     

    552

     

    Depreciation of acquisition-related fixed asset step-up

    21

     

    24

     

    20

     

    64

     

    57

     

    Acquisition and asset sale related costs (recoveries)

    28

     

    (36

    )

    87

     

    155

     

    219

     

    End-of-life related inventory write-down

    —

     

    3,257

     

    4,435

     

    2,680

     

    4,435

     

    Accelerated depreciation

    173

     

    157

     

    4,120

     

    504

     

    4,120

     

    Restructuring charges

    66

     

    135

     

    847

     

    201

     

    847

     

    Interest expense, net

    113

     

    80

     

    242

     

    315

     

    801

     

    Income tax provision (benefit)

    456

     

    191

     

    (1,206

    )

    1,279

     

    1,199

     

    Depreciation expense

    5,380

     

    5,771

     

    6,479

     

    17,154

     

    19,366

     

    Adjusted EBITDA

    $

    6,725

     

    $

    (5,361

    )

    $

    13,078

     

    $

    671

     

    $

    47,803

     

    Adjusted EBITDA as a % of revenue

    8.0

    %

    (8.2

    )%

    12.8

    %

    0.3

    %

    15.8

    %

     

     

     

     

     

     

    BASIC AND DILUTED NET INCOME (LOSS) PER SHARE:

     

     

     

     

     

    GAAP basic net income (loss) per share

    $

    (0.04

    )

    $

    (0.34

    )

    $

    (0.10

    )

    $

    (0.58

    )

    $

    0.14

     

    GAAP diluted net income (loss) per share

    $

    (0.04

    )

    $

    (0.34

    )

    $

    (0.10

    )

    $

    (0.58

    )

    $

    0.14

     

    Non-GAAP basic net income (loss) per share

    $

    0.01

     

    $

    (0.22

    )

    $

    0.12

     

    $

    (0.35

    )

    $

    0.49

     

    Non-GAAP diluted net income (loss) per share

    $

    0.01

     

    $

    (0.22

    )

    $

    0.11

     

    $

    (0.35

    )

    $

    0.45

     

     

     

     

     

     

     

    SHARES USED TO COMPUTE GAAP AND NON-GAAP BASIC NET INCOME (LOSS) PER SHARE

    52,427

     

    51,634

     

    49,936

     

    51,599

     

    49,212

     

    SHARES USED TO COMPUTE GAAP DILUTED NET INCOME (LOSS) PER SHARE

    52,427

     

    51,634

     

    49,936

     

    51,599

     

    51,411

     

    SHARES USED TO COMPUTE NON-GAAP DILUTED NET INCOME (LOSS) PER SHARE

    55,971

     

    51,634

     

    54,385

     

    51,599

     

    53,730

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20211104005570/en/

    Get the next $NPTN alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $NPTN

    DatePrice TargetRatingAnalyst
    3/24/2022$16.00Neutral
    Rosenblatt
    11/8/2021Outperform → Market Perform
    Northland Capital Markets
    11/5/2021$16.00Buy → Neutral
    Rosenblatt
    11/5/2021$15.00 → $16.00Buy → Neutral
    DA Davidson
    11/5/2021$16.00Buy → Neutral
    B. Riley Securities
    11/4/2021$15.00 → $16.00Buy
    Needham
    9/9/2021Underperform → Market Perform
    Raymond James
    More analyst ratings

    $NPTN
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Mitek Appoints James Fay to Board of Directors

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t

      10/22/24 4:05:00 PM ET
      $MITK
      $MTTR
      $NPTN
      Computer peripheral equipment
      Technology
      Computer Software: Prepackaged Software
      Semiconductors
    • Lumentum and NeoPhotonics Announce Receipt of Antitrust Clearance in China and Expected Transaction Closing Date

      SAN JOSE, Calif., July 29, 2022 /PRNewswire/ -- Lumentum Holdings Inc. (NASDAQ:LITE) ("Lumentum") and NeoPhotonics Corporation (NYSE:NPTN) ("NeoPhotonics") today announced, in connection with Lumentum's pending acquisition of NeoPhotonics, that Lumentum has obtained antitrust clearance from the People's Republic of China's State Administration for Market Regulation. This clearance satisfies the acquisition's closing condition set forth in the previously announced merger agreement regarding the receipt of antitrust approval in the People's Republic of China. As such, Lumentum currently expects that the NeoPhotonics acquisition will close on or around August 3, 2022. Under the terms of merger

      7/29/22 1:02:00 PM ET
      $LITE
      $NPTN
      Telecommunications Equipment
      Telecommunications
      Semiconductors
      Technology
    • NeoPhotonics Reports Second Quarter 2022 Financial Results

      Revenue of $95.0 million represents 46% year-over-year growth over same quarter last year Second sequential quarter with 45+% year-over-year growth; first half revenue of $184 million up 46% from same period last year $61 million of revenue from products for 400G and above applications, contributing 64% of revenue and representing approximately 105% year-over-year growth GAAP Operating Profit of $6.4 million, up from a loss of $16.3 million in the same period last year on the strength of the 400G product ramp NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwid

      7/25/22 4:05:00 PM ET
      $NPTN
      Semiconductors
      Technology

    $NPTN
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Rosenblatt initiated coverage on NeoPhotonics with a new price target

      Rosenblatt initiated coverage of NeoPhotonics with a rating of Neutral and set a new price target of $16.00

      3/24/22 7:29:42 AM ET
      $NPTN
      Semiconductors
      Technology
    • NeoPhotonics downgraded by Northland Capital Markets

      Northland Capital Markets downgraded NeoPhotonics from Outperform to Market Perform

      11/8/21 10:18:28 AM ET
      $NPTN
      Semiconductors
      Technology
    • NeoPhotonics downgraded by Rosenblatt with a new price target

      Rosenblatt downgraded NeoPhotonics from Buy to Neutral and set a new price target of $16.00

      11/5/21 7:06:44 AM ET
      $NPTN
      Semiconductors
      Technology

    $NPTN
    Leadership Updates

    Live Leadership Updates

    See more
    • Mitek Appoints James Fay to Board of Directors

      Mitek Systems, Inc. (NASDAQ:MITK), a global leader in digital identity verification, mobile capture and fraud management, today announced the appointment of James ("J.D.") Fay to its board of directors. Mr. Fay will also serve as a member of the board's audit committee. Mr. Fay, who currently serves as Chief Financial Officer at Matterport, Inc. (NASDAQ:MTTR), brings over two decades of financial strategy and operational expertise to Mitek, having played a key role in scaling technology companies from early growth stages to IPO and acquisition. "We are thrilled to welcome J.D. to our board and believe his extensive experience in financial strategy and guiding companies through growth and t

      10/22/24 4:05:00 PM ET
      $MITK
      $MTTR
      $NPTN
      Computer peripheral equipment
      Technology
      Computer Software: Prepackaged Software
      Semiconductors
    • NeoPhotonics Appoints Brad Wright as Senior Vice President of Global Sales

      NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced the appointment of Bradford W. Wright as the Company's Senior Vice President of Global Sales. Mr. Wright brings to NeoPhotonics his 25 years of experience in the communications and semiconductor industries. Most recently, Mr. Wright was employed as the head of Worldwide Component Sales and Applications at Cisco Systems, following their acquisition of Acacia Communications, where he was Vice President of Sales from January 2018. From January 2016 to Jan

      7/22/21 6:00:00 AM ET
      $NPTN
      Semiconductors
      Technology
    • NeoPhotonics Appoints Sheri L. Savage to its Board of Directors

      NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high speed communications networks, today announced that Sheri L. Savage has been appointed to its Board of Directors. Ms. Savage has served as Chief Financial Officer of Ultra Clean Holdings, Inc. (UCT), a supplier for critical subsystems for semiconductor capital equipment, since July 2016. Ms. Savage previously served as Senior Vice President of Finance, Chief Accounting Officer and other senior finance roles at UCT since 2009. Prior to joining UCT, Ms. Savage served at Credence Systems Corporation,

      7/6/21 4:10:00 PM ET
      $NPTN
      Semiconductors
      Technology

    $NPTN
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by NeoPhotonics Corporation (Amendment)

      SC 13G/A - NEOPHOTONICS CORP (0001227025) (Subject)

      2/14/22 1:48:53 PM ET
      $NPTN
      Semiconductors
      Technology
    • SEC Form SC 13G/A filed by NeoPhotonics Corporation (Amendment)

      SC 13G/A - NEOPHOTONICS CORP (0001227025) (Subject)

      2/10/22 5:09:08 PM ET
      $NPTN
      Semiconductors
      Technology
    • SEC Form SC 13G/A filed

      SC 13G/A - NEOPHOTONICS CORP (0001227025) (Subject)

      2/12/21 3:20:52 PM ET
      $NPTN
      Semiconductors
      Technology

    $NPTN
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4: Abbe Charles J returned 139,684 shares to the company, closing all direct ownership in the company

      4 - NEOPHOTONICS CORP (0001227025) (Issuer)

      8/5/22 8:08:07 PM ET
      $NPTN
      Semiconductors
      Technology
    • SEC Form 4: Li Yanbing returned 13,207 shares to the company, closing all direct ownership in the company

      4 - NEOPHOTONICS CORP (0001227025) (Issuer)

      8/5/22 7:14:02 PM ET
      $NPTN
      Semiconductors
      Technology
    • SEC Form 4: Wupen Yuen returned 207,878 shares to the company, closing all direct ownership in the company

      4 - NEOPHOTONICS CORP (0001227025) (Issuer)

      8/5/22 7:09:37 PM ET
      $NPTN
      Semiconductors
      Technology

    $NPTN
    SEC Filings

    See more
    • SEC Form 15-12G filed by NeoPhotonics Corporation

      15-12G - NEOPHOTONICS CORP (0001227025) (Filer)

      8/17/22 6:16:58 AM ET
      $NPTN
      Semiconductors
      Technology
    • SEC Form 25-NSE filed by NeoPhotonics Corporation

      25-NSE - NEOPHOTONICS CORP (0001227025) (Subject)

      8/3/22 1:09:33 PM ET
      $NPTN
      Semiconductors
      Technology
    • NeoPhotonics Corporation filed SEC Form 8-K: Termination of a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Material Modification to Rights of Security Holders, Changes in Control of Registrant, Leadership Update, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

      8-K - NEOPHOTONICS CORP (0001227025) (Filer)

      8/3/22 8:59:02 AM ET
      $NPTN
      Semiconductors
      Technology

    $NPTN
    Financials

    Live finance-specific insights

    See more
    • NeoPhotonics Reports Second Quarter 2022 Financial Results

      Revenue of $95.0 million represents 46% year-over-year growth over same quarter last year Second sequential quarter with 45+% year-over-year growth; first half revenue of $184 million up 46% from same period last year $61 million of revenue from products for 400G and above applications, contributing 64% of revenue and representing approximately 105% year-over-year growth GAAP Operating Profit of $6.4 million, up from a loss of $16.3 million in the same period last year on the strength of the 400G product ramp NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwid

      7/25/22 4:05:00 PM ET
      $NPTN
      Semiconductors
      Technology
    • NeoPhotonics to Host Call on June 13, 2022 to Discuss Optical Trends and Technology for Lidar and Autonomous Vehicles

      NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced management will host a conference call entitled "The Quest for Chip-Scale Lidar" to discuss trends in optical and related technologies for Lidar and autonomous vehicles on Monday, June 13, 2022 at 11:00 am ET. The session will focus on the application of coherent communications technologies developed by NeoPhotonics for high-speed optical networks to new Coherent, or FMCW, Lidar for autonomous vehicles. NeoPhotonics' has developed, manufactured and ship

      6/6/22 4:05:00 PM ET
      $NPTN
      Semiconductors
      Technology
    • NeoPhotonics Reports First Quarter 2022 Financial Results

      Revenue of $89.3 million represents 47% year-over-year growth over same quarter last year $54 million of revenue from products for 400G and above applications, representing over 70% year-over-year growth Now shipping production volume of 400ZR modules to Cloud and data center customers NeoPhotonics Corporation (NYSE:NPTN), a leading developer of silicon photonics and advanced hybrid photonic integrated circuit-based lasers, modules and subsystems for bandwidth-intensive, high-speed communications networks, today announced financial results for its first quarter of 2022. "Our business remains on a strong growth path with revenue of $89 million, 47% above the same quarter last year. O

      4/28/22 4:05:00 PM ET
      $NPTN
      Semiconductors
      Technology