Thursday, November 14, 2013

NeoPhotonics Sees Strong Q3 As 100G Shipments Grow

NeoPhotonics, which supplies photonic integrated circuit based optoelectronic modules and subsystems, reported record Q3 revenue of $76.8 million, up $1.8 million, or 2.4%, from the prior quarter and up $10.7 million, or 16.1%, from the third quarter 2012. For the quarter, the Company had three customers that comprised over 10% of revenue including Alcatel-Lucent (18%), Ciena (13%) and Huawei Technologies (23%).

“The third quarter was the highest revenue quarter in the Company’s history, which is a direct result of our customers continuing adoption of our Photonic Integration technology in the rapidly growing 100G market. I particularly want to highlight the contribution of NeoPhotonics Semiconductor, which significantly enhances our 100G product suite,” said Tim Jenks, Chairman, President and CEO of NeoPhotonics.