Showing posts with label Neophotonics. Show all posts
Showing posts with label Neophotonics. Show all posts

Monday, August 5, 2019

NeoPhotonics posts revenue of $81.7M, adjusts for Huawei ban

NeoPhotonics reported Q2 revenue of $81.7 million, up 3% quarter-over-quarter and up 1% year-over-year. Gross margin was 19.2%, down from 19.8 % in the prior quarter. Diluted net loss per share was $0.16, up from a net loss of $0.30 per share in the prior quarter.

“Q2 was a volatile quarter for NeoPhotonics and I am proud of our team and their continued focus and execution to extend our leadership position in high-speed digital optoelectronics while making changes needed to adjust for the Huawei ban,” said Tim Jenks, NeoPhotonics Chairman and CEO. “Market drivers are well aligned with our advanced technologies and high-speed capabilities. These trends transcend the current Huawei ban and, coupled with the continued demand with hyperscale data centers, we are optimistic about NeoPhotonics’ new product prospects,” concluded Mr. Jenks.

http://www.neophotonics.com

Tuesday, July 9, 2019

NeoPhotonics appoints Dr. Yanbing Li to its Board

NeoPhotonics has appointed Dr. Yanbing Li to its Board of Directors.

Dr. Li is currently Vice President of Engineering at Google, focusing on Google Cloud. Previously Yanbing Li was Senior Vice President and General Manager for the Storage and Availability business unit at VMware where she was responsible for a portfolio of products in software-defined storage, hyper-converged infrastructure, data protection, and storage and availability services for the cloud. She led product development, engineering, and go-to-market strategies and led the business to become one of the fastest growing business for VMware and a market leader. During her eleven-year tenure with VMware, Dr. Li held multiple executive leadership roles including general manager for vCloud Air storage, VP of Engineering for storage, VP of Central Engineering, VP of Continuing Product Development, VP of Global R&D sites and Managing Director of China R&D. She holds a Ph.D. degree from Princeton University, a master of science degree from Cornell University, and a bachelor of science degree from Tsinghua University (Beijing, China) in electrical engineering and computer engineering. She is also a graduate of the Stanford Executive Program at the Stanford University Graduate School of Business.

http://ww.neophotonics.com
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VMware's Yanbing Li on the Future of Software-defined Storage

Big changes are underway in the IT industry, with new architectures being defined for application delivery, new cloud models, and the rise of software-defined everything, says VMware's Yanbing Li, Senior VP and GM of Storage and Availability.


See video: https://youtu.be/j2lFBKV4A4U

Thursday, May 2, 2019

NeoPhotonics posts revenue of $79.4 million

NeoPhotonics reported Q1 2019 revenue of $79.4 million, down 13% quarter-over-quarter and up 16% year-over-year. Gross margin was 19.8%, down from 24.8% in the prior quarter. Non-GAAP diluted net loss per share was $0.19, down from net income per share of $0.05 in the prior quarter

“NeoPhotonics delivered strong year over year growth in our seasonally low first quarter. We are focused on the highest speed coherent solutions that are well-aligned with leading industry trends, which has positioned us to benefit from growing deployments of high baud rate systems for 200G to 600G globally,” said Tim Jenks, NeoPhotonics Chairman and CEO. “These higher bandwidth systems accentuate the unique value proposition of our ultra-narrow linewidth lasers and high performance photonic integrated chips,” concluded Mr. Jenks.

Wednesday, February 27, 2019

NeoPhotonics ships MEMS Based Variable Optical Attenuator

NeoPhotonics announced the general availability of a new ultra-compact FVOA-9000 MEMs based variable optical attenuator targetted at mini-EDFAs, pluggable coherent modules and compact line cards.

The new FVOA-9000 builds on NeoPhotonics' FVOA-5000/8000 product line which has been in volume production for more than a decade.  The new device improves key performance measures while achieving a significant size reduction of nearly 70% in the global component footprint. NeoPhotonics says the new FVOA-9000 achieves response times of less than 2 milliseconds along with lower wavelength dependent loss, making it well-suited for transient suppression in EDFA optical amplifiers. 

In addition to a reduction in the size of the TO can hermetic package, the FVOA-9000 does not require an external ESD protection board, further decreasing its overall use footprint in system design.  Its compact size is a significant advantage when used in next-generation applications where size is a critical factor, such as Mini-EDFAs, compact pluggable coherent modules and compact line cards and transponders.

“We are very excited to see very strong customer adoption of this new compact FVOA-9000 and enhancing our long-running line of MEMS VOAs, continuing our commitment to optical components for system control,” said Tim Jenks, Chairman and CEO of NeoPhotonics.  “This exciting innovation expands our existing line of passive multiplexers, demultiplexers and power monitors to support next-generation systems for telecom, data center interconnects and 5G wireless,” continued Mr. Jenks.

Monday, January 14, 2019

NeoPhotonics hits preliminary sales of $90-92 M, sells Russian facility

NeoPhotonics announced preliminary revenue in the range of $90 to $92 million for Q4 2018, compared to the previously announced expectation of $87 to $92 million. Gross margin is expected to be approximately 24%-25%, compared to the previous expectation of 22%-26%. Total restructuring and other charges will be approximately $5.7 million, including restructuring costs, inventory write-downs and legal settlement expenses. Diluted Net loss per share are expected to be in the range of $0.18 to $0.15, inclusive of restructuring charges. Non-GAAP earnings per share are expected in the range of $0.00 to earnings of $0.04.

The company said these preliminary fourth-quarter results reflect recent developments including the end-of-life of certain client transceiver modules, which contributed approximately $10 million of revenue in 2018.

NeoPhotonics reached an agreement to settle its lawsuit with Lestina International, with a cash payment of $2.2 million. In addition, the company announced a definitive agreement to sell its manufacturing operations in Russia for approximately book value.

“As a company, we remain committed to our core capabilities, including our industry leading coherent components and solutions for data center interconnect and telecommunications systems,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “These actions will complete our move from module to component level solutions for client network applications and will further increase our focus on our more profitable, industry leading platforms for 400 Gigabits/sec to beyond 1 Terabit/sec on a single wavelength, in which our advanced hybrid photonic integration technology provides the highest value,” concluded Mr. Jenks.

Sunday, September 23, 2018

ECOC 2018: NeoPhotonics shows 400G EML and silicon photonics

At ECOC 2018 this week in Rome, NeoPhotonics is showing its suite of lasers and analog ICs for uncooled, non-hermetic single laser 100G and 4 laser 400G links within data centers.    The product suite includes Electro-Absorptively Modulated Lasers (EML) for 2 km PAM4 based links and high power CW laser sources for 0.5 and 2 km Silicon Photonics-based links, along with the photodetectors, drivers and trans-impedance amplifiers required.

NeoPhotonics anticipates a technology shift to single-laser (lambda) 100Gbps and 4-laser (lambda) 400Gbps using 4 level pulse amplitude modulation (PAM4) driven by demand for higher port density and lower cost per bit for optical connections inside the data center.

The 100G/400G Component Suite from NeoPhotonics includes:

  • 53GBaud Uncooled CWDM4 EML, which includes the option for integration with NeoPhotonics’ open drain driver. With an uncooled operating temperature range from 20 to 70C and the capability to operate reliably in “open-air” transceiver designs, thus eliminating hermetic enclosures, this EML is a preferred transmitter solution for PAM4 based FR4 2 km data center applications. Versions are also available at 1310 nm for DR1 and DR4 500 meter applications.
  • 53GBaud Open Drain Driver (ODD) for linear operation of EML lasers. With a typical 90mW of power consumption per channel and small size, this high speed driver can be co-packaged with the EML reducing power and increasing linearity and is well suited for use in small form factor pluggable modules.
  • 53GBaud PIN photodetectors. The side illumination structure of the PIN PD enables a simple coplanar assembly with a mux/demux chip and TIA and is well suited for compact modules.
  • 53GBaud Transimpedance Amplifier (TIA). With low noise and a typical power consumption of 60mA over a 3.3V rail, this TIA is well suited for receiver signal amplification for up to 10km transmission.

In addition, transceiver developers have also begun deployment of silicon photonics based transceivers for industry standard MSAs such as CWDM4, CLR4 and PSM-4, which has led to the need for custom, high power and non-hermetic laser sources to drive these transceivers. To support this emerging Silicon Photonics eco-system, NeoPhotonics has developed and qualified a line of high power, uncooled lasers and laser arrays for several industry leading Silicon Photonics transceiver manufacturers, as well as offering single and quad drivers for Silicon Photonics modulators:

  • High Power 40mW and 70mW non-Hermetic CW Laser Sources for Silicon Photonics based CWDM4 FR4 and 1310nm DR1 and DR4 Applications. These efficient, high power DFB lasers can operate up to 75 deg. C and have completed the non-hermetic testing compliant with the Telcordia GR-468-CORE, making them well suited for use in non-hermetic Silicon Photonics based small form factor pluggable modules.
  • 53GBaud Quad MZM drivers for Silicon Photonics modulators. This quad driver has a high 3.5Vppd output per channel and a typical 2.2W low power consumption for all four channels designed for small form factor pluggable modules.  This component is also available in single driver configurations for DR1 applications.

“Our complete suite of 53GBaud Linear Optical Components provides all needed optical components for single laser 100Gbps transmitters and receivers, scalable to 400Gbps transceivers with CWDM4 wavelengths,” said Tim Jenks, Chairman and CEO of NeoPhotonics.  “Furthermore, our uncooled, high power CW DFB lasers and laser arrays are critical elements for any 100G, 200G or 400G Silicon Photonics based transceiver.  We are pleased to offer the lasers and critical analog electrical components for both next generation data center transceiver approaches,” continued Mr. Jenks.

www.neophotonics.com

ECOC 2018: NeoPhotonics cites progress with 64 GBaud for 600G

At ECOC 2018L NeoPhotonics is reporting that its suite of 64 GBaud optical components for coherent systems are currently being used by multiple major customers to develop systems with 600G per wavelength transport capacity.   64 GBaud components double the symbol rate over standard 100G (32 GBaud) coherent systems.

NeoPhotonics' suite consists of three components:

  • 64 GBaud CDM:  NeoPhotonics 64 GBaud, polarization multiplexed, quadrature coherent driver modulator (CDM) is shipping in limited availability and features a co-packaged InP modulator with a linear, high bandwidth, differential driver in a compact package designed to be compliant with the anticipated OIF Implementation Agreement.
  • 64 GBaud Micro-ICR:  NeoPhotonics Class 40 High Bandwidth Micro-Intradyne Coherent Receiver (Micro-ICR) is in volume production and is designed for 64 GBaud symbol rates, doubling the bandwidth of standard 100G ICRs. The compact package is designed to be compliant with the OIF Implementation Agreement OIF-DPC-MRX-02.0.
  • Low Profile Micro-TL:  NeoPhotonics ultra-narrow linewidth external cavity tunable laser features very low phase noise and power consumption and has been proven in volume production. It is now configured in a smaller, lower profile package that is compliant with the OIF Implementation Agreement OIF-MicroITLA-01.

These components work together to enable customers to implement single wavelength 600G or dual wavelength 1.2T data transmission over data center interconnect (DCI) distances of 80 km. 

“We are working closely with customers to provide a matched suite of high speed optical components for 600G per wavelength to enhance system performance and reduce time to market,” said Tim Jenks, Chairman and CEO of NeoPhotonics.  “With our next generation highly integrated COSA, operating at 64 Gbaud and beyond, and our Nano-Tunable Laser, we are working to enable highly compact pluggable 400G modules,” continued Mr. Jenks.

The company says three OEM customers have elected to use all three of these components in their development, while additional customers have elected to use a subset of the NeoPhotonics 64 GBaud coherent component suite.  The components also support 400G over metro distances of 400-600 km using 64 GBaud and 16 QAM or 200G over long-haul distances of greater than 1000 km using 64 GBaud and QPSK.

In addition, at 16:10 pm on Tuesday, September 25th Dr. Winston Way, NeoPhotonics’ CTO Systems, will present a paper entitled “Next-Generation Coherent Pluggable Transceivers in a CDC ROADM Based Optical Network” at the ECOC 2018 Exhibition Market Focus session entitled: “Optical Network Agility/Software Defined Networks.”

Monday, August 6, 2018

NeoPhotonics posts Q2 revenue of $81M, up 11% yoy

NeoPhotonics reported Q2 2018 revenue of $81.1 million, up 18% quarter-over-quarter and 11% year-over-year. Gross margin was 19.1%, compared to 13.4% in the prior quarter, and there was a net loss of $10.5 million, compared to a net loss of $18.2 million in the prior quarter. Non-GAAP net loss was $6.3 million, compared to a net loss of $14.6 million in the prior quarter


“In the second quarter, NeoPhotonics delivered strong results with revenue of $81 million, coming in above the high end of our outlook range and representing 18% sequential growth and 11% growth over the same period last year. Sequential growth outside of China was 30% and the result of very strong Data Center Interconnect and Metro deployments by our key customers in the Americas and EMEA,” said Tim Jenks, NeoPhotonics Chairman and CEO. “We met our key financial metrics for the quarter and with our new product traction and increasing momentum in our core markets, we are optimistic for continued improvement.”

Tuesday, May 8, 2018

NeoPhotonics posts revenue of $68.6 million, 100G and up now at 86% of sales

NeoPhotonics reported Q1 revenue of $68.6 million, down 4% year-over-year and 11% quarter-over-quarter. The gross margin was 13.4%, compared to 20.4% in the prior quarter. There was a GAAP net loss of $18.2 million, compared to a net loss of $14.3 million in the prior quarter. Non-GAAP net loss amounted to $14.6 million, compared to a net loss of $11.7 million in the prior quarter.

“Continuing our focus on 100G and above High Speed Products, which reached the highest proportion of revenue in our history at 86% in the quarter, we introduced and demonstrated new products for 400G and 600G coherent and datacenter applications. During the quarter we saw strength in metro and DCI deployments, driven by North America, and we have accelerating demand for these segments going into the remainder of the year,” said Tim Jenks, NeoPhotonics Chairman and CEO. “At the same time, while demand in China had stabilized, the recent regulatory and trade actions have introduced new uncertainty in that region, we continue to monitor and adjust plans accordingly.”

Tuesday, March 13, 2018

NeoPhotonics demos Nano-ITLA ultra-compact external cavity tunable laser

At this week's OFC in San Diego, NeoPhotonics is demonstrating its Nano-ITLA ultra-compact external cavity tunable laser.

The NeoPhotonics Nano-ITLA, which is based on the same external cavity technology used in the company's Micro-ITLA product line, maintains the ultra-narrow linewidth, the low frequency phase noise performance, and the low power consumption of the current product in a compact package approximately one half the size.

The Nano-ITLA utilizes an ASIC control IC that reduces the size of the electronic control circuitry.  The laser can also be used separately with the ASIC mounted on the customer's circuit board.  Using both approaches, the Nano-ITLA is well suited for use in 400ZR small form factor pluggable coherent modules, including OSFP and DD-QSFP, and for compact daughter cards for 600G and 1.2T applications.

NeoPhotonics says that increasing the symbol rate to 64 Gbaud and using higher order modulation, such as 16 QAM to 64 QAM, can increase the data rate per wavelength to 400G or 600G for coherent communications, but will require the most stable, ultra-narrow linewidth laser sources.

"We are pleased to demonstrate our new ultra-compact Nano-ITLA at OFC.  By doing so, we are assuring our customers of the superior features of this uniquely capable laser, which enables the next generation of 400G and 600G compact optical modules.  This Nano-ITLA delivers all of the performance advantages our customers currently enjoy with our external cavity design, but with the laser size reduced by half," said Tim Jenks, Chairman and CEO of NeoPhotonics. "Shrinking the size while maintaining performance is made possible by our Advanced Hybrid Photonic Integration technology," concluded Mr. Jenks.

Tuesday, March 6, 2018

NeoPhotonics shows 64 GBaud for 600G and 1.2T coherent transport

NeoPhotonics is currently shipping a suite of 64 GBaud optical components for coherent systems operating at 600G and 1.2T.  64 GBaud components double the symbol rate over standard 100G (32 GBaud) coherent systems.

The NeoPhotonics suite use three optical components to enable single channel 600G or dual channel 1.2T transmission:

  • 64 GBaud CDM -- NeoPhotonics 64 GBaud, polarization multiplexed, quadrature coherent driver modulator (CDM) is shipping in limited availability and features a co-packaged InP modulator with a linear, high bandwidth, differential driver in a compact package designed to be compliant with the anticipated OIF Implementation Agreement. Co-packaging the InP IQ modulator with the driver enables an 85% reduction in line card board space compared to equivalent lithium niobate solutions. Furthermore, this facilitates transceiver applications up to 600 Gbps on a single wavelength for next-generation transport modules..
  • 64 GBaud Micro-ICR -- NeoPhotonics Class 40 High Bandwidth Micro-Intradyne Coherent Receiver (Micro-ICR) is in volume production and is designed for 64 GBaud symbol rates, doubling the RF bandwidth of standard 100G ICRs. The 64 GBaud Micro-ICR supports higher order modulation such as 64 QAM. The compact package is designed to be compliant with the OIF Implementation Agreement OIF-DPC-MRX-02.0.
  • Low Profile Micro-TL -- NeoPhotonics ultra-narrow linewidth external cavity tunable laser has been proven in volume production and is now configured in a smaller, lower profile package, which is designed to meet the stringent requirements for packaging density in pluggable modules. The external cavity laser design has a significantly narrower linewidth than competing designs, which is especially advantageous for higher order modulation formats. The laser is available in a compact package Integrable Tunable Laser Assembly form factor designed to be compliant with the OIF Implementation Agreements OIF-MicroITLA-01.1 and OIF-ITLA-MSA-01.3.

NeoPhotonics said its solution supports transmission over data center interconnect (DCI) distances of up to 80 km. The components also support 400G over metro distances of 400-600 km using 64 GBaud and 16 QAM or 200G over long-haul distances of greater than 1000 km using 64 GBaud and QPSK.

“All three elements of our suite of optical components for 600G and 1.2T are now available and shipping to customers, allowing them to take advantage of the performance of all three elements to optimize their system performance,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “We ensure that each element is designed to work seamlessly with the others and offer our customers a complete optical solution, both increasing performance and reducing development time” continued Mr. Jenks.

Monday, March 5, 2018

NeoPhotonics intros 53 GBaud Linear Optical Components

NeoPhotonics announced its 53 GBaud Linear Optical Component family, which includes  PAM4 capable optical components for 100G and 400G cloud data center and other client applications, including drivers and EML lasers in transmitters plus PIN photodetectors and TIAs in receivers.

The 53 GBaud Linear Optical Component family from NeoPhotonics includes:

  • 53 GBaud Open Drain Driver (ODD) for linear operation of EML lasers. With a typical 90mW of power consumption per channel and small size, this high speed driver is well suited for space and power efficiency in small form factor pluggable modules.
  • 53 GBaud MZM drivers for Silicon Photonics modulators. This quad driver has a high 3.5Vppd output per channel and a typical 2.2W low power consumption for all four channels designed for small form factor pluggable modules.
  • 53 GBaud CWDM4 EML, which includes the option for integration with NeoPhotonics’ open drain driver. Over the operating temperature range from 20 to 70C, this EML is a preferred transmitter solution for PAM4 for intra-datacenter applications.
  • 53 GBaud PIN photodetectors. The side illumination structure of the PIN PD enables a simple coplanar assembly with mux/demux chip and TIA well suited for compact modules.
  • 53 GBaud Transimpedance Amplifier (TIA). With low noise and a typical power consumption of 60mA over a 3.3V rail, this TIA is well suited for receiver signal amplification for up to 10km transmission. 

“Our complete 53 GBaud Linear Optical Component family, with a typical bandwidth of 35 GHz for all these optical components, provides all needed optical components for single lambda 100Gbps transmitters and receivers, scalable to 400 Gbps transceivers with CWDM4 wavelengths.” said Tim Jenks, Chairman and CEO of NeoPhotonics.  “NeoPhotonics is pleased to now also support the cloud data centers and the industry with a solid and growing portfolio of cost effective optical components based on NeoPhotonics’ high speed platforms of GaAs driver, InP EML/PIN PD, and SiGe TIA,” continued Mr. Jenks.

Thursday, February 22, 2018

NeoPhotonics ships 64 GBaud Coherent for 600G and 1.2T

NeoPhotonics announced the commercial shipment of its suite of 64 GBaud optical components for coherent systems operating at 600G and 1.2T.   The suite consists of three critical optical components:  a 64 GBaud CDM (Coherent Driver Modulator), plus a 64 GBaud ICR (Coherent Intradyne Receiver) and finally an ultra-narrow linewidth tunable laser.

NeoPhotonics said these components could be used for single channel 600G or dual channel 1.2T data transmission over data center interconnect (DCI) distances of 80 km. The components also support 400G over metro distances of 400-600 km using 64 GBaud and 16 QAM or 200G over long-haul distances of greater than 1000 km using 64 GBaud and QPSK.

“All three elements of our suite of optical components for 600G and 1.2T are now available and shipping to customers, allowing them to take advantage of the performance of all three elements to optimize their system performance,” said Tim Jenks, Chairman and CEO of NeoPhotonics.  “We ensure that each element is designed to work seamlessly with the others and offer our customers a complete optical solution, both increasing performance and reducing development time.”

Product highlights:

  • 64 GBaud CDM: NeoPhotonics 64 GBaud, polarization multiplexed, quadrature coherent driver modulator (CDM) is shipping in limited availability and features a co-packaged InP modulator with a linear, high bandwidth, differential driver in a compact package designed to be compliant with the anticipated OIF Implementation Agreement. Co-packaging the InP IQ modulator with the driver enables an 85% reduction in line card board space compared to equivalent lithium niobate solutions. Furthermore, this facilitates transceiver applications up to 600 GBps on a single wavelength for next-generation transport modules..
  • 64 GBaud Micro-ICR: NeoPhotonics Class 40 High Bandwidth Micro-Intradyne Coherent Receiver (Micro-ICR) is in volume production and is designed for 64 GBaud symbol rates, doubling the RF bandwidth of standard 100G ICRs. The 64 GBaud Micro-ICR supports higher order modulation such as 64 QAM. The compact package is designed to be compliant with the OIF Implementation Agreement OIF-DPC-MRX-02.0.
  • Low Profile Micro-TL: NeoPhotonics ultra-narrow linewidth external cavity tunable laser has been proven in volume production and is now configured in a smaller, lower profile package, which is designed to meet the stringent requirements for packaging density in pluggable modules. The external cavity laser design has a significantly narrower linewidth than competing designs, which is especially advantageous for higher order modulation formats. The laser is available in a compact package Integrable Tunable Laser Assembly form factor designed to be compliant with the OIF Implementation Agreements OIF-MicroITLA-01.1 and OIF-ITLA-MSA-01.3.

Monday, November 6, 2017

NeoPhotonics' Q3 revenue drops to $71 million

NeoPhotonics reported Q3 revenue of $71.1 million, in comparison to $73.2 million in the prior quarter, and down from $103.3 million in the same period last year. Gross margin was 14.8%, compared to 22.9% in the prior quarter. There was a net loss of$18.2 million, compared to a net loss of $9.3 million in the prior quarter.

We are focused on growth initiatives in telecom, data center and cloud markets, as well as operational execution to lower our breakeven level as China continues with steady though muted demand,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “Growth drivers in our markets include Metro deployments across the globe, China high speed build-outs in advance of 5G wireless, and data centers and big data applications that are embracing our higher speed technologies and leverage NeoPhotonics’ core strengths,” concluded Mr. Jenks.
  • In October 2017, citing uncertainty in demand from China, NeoPhotonic announced a set of restructuring actions, including a reduction in force, real estate consolidation, a write-down of inventory for certain programs and assets and a write-down of idle assets. NeoPhotonics also trimmed its financial outlook for the third quarter of 2017, saying revenue is now expected to be in the range of $69 to $71 million, with GAAP gross margin of approximately 10% to 13% and GAAP loss per share of $0.50 to $0.40, inclusive of restructuring charges. Previously, the company had stated revenue expectations for the third quarter of 2017 to be $70 to $76 million, GAAP gross margin of 23% to 26%, and GAAP net loss per share of $0.21 to $0.11 and non-GAAP gross margin of 24% to 27%.

Thursday, October 5, 2017

NeoPhotonics announces layoffs and cost reduction efforts

Citing uncertainty in demand from China, NeoPhotonic announced a set of restructuring actions, including a reduction in force, real estate consolidation, a write-down of inventory for certain programs and assets and a write-down of idle assets.

NeoPhotonics also trimmed its financial outlook for the third quarter of 2017, saying revenue is now expected to be in the range of $69 to $71 million, with GAAP gross margin of approximately 10% to 13% and GAAP loss per share of $0.50 to $0.40, inclusive of restructuring charges. Previously, the company had stated revenue expectations for the third quarter of 2017 to be $70 to $76 million, GAAP gross margin of 23% to 26%, and GAAP net loss per share of $0.21 to $0.11 and non-GAAP gross margin of 24% to 27%.

“Lacking a clear indication of increased demand in China in the third quarter, we initiated several operational changes with the goal of expediting our return to profitability, including implementing certain restructuring initiatives designed to align our business with the current demand environment and lowering manufacturing output to manage inventory levels,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “In taking these actions, we have maintained our research and development focus on products for next-generation coherent systems, operating at 400 Gigabits/sec to beyond 1 Terabit/sec, wherein our advanced hybrid photonic integration provides the highest value,” concluded Mr. Jenks.

Sunday, September 17, 2017

NeoPhotonics shows 64 Gbaud Coherent, enabling systems at 600 Gbps +

At this week's European Conference on Optical Communications (ECOC) in Gothenburg, Sweden, NeoPhotonics is showcasing a suite of 64 Gbaud optical components for coherent systems operating at 600G and above, effectively doubling the symbol rate over standard 100G (32 Gbaud) coherent systems

NeoPhotonics has just announced sampling of a 64 Gbaud Micro Modulator (Micro-MOD) with integrated drivers.  The company has also begun shipping its 64 Gbaud Micro Coherent Receiver (Micro-ICR) and it low-profile ultra-narrow line width tunable laser for 400G and 600G applications.

“Our 64 Gbaud symbol rate optical components for coherent transport provide system designers with the optical tools that match increases in DSP capability to enable higher spectral densities and longer reaches,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “Each of these products is based on our hybrid photonic integration technology and leverages our existing proven design platforms, which allows us to ramp production rapidly to match customer demands while maintaining high quality and reliability.”

Some highlights of the suite.

  • 64 Gbaud Micro-MOD (CDM): NeoPhotonics 64 GBaud, polarization multiplexed, quadrature micro-modulator is currently being sampled to major customers and features a co-packaged InP modulator with linear, high bandwidth, differential drivers in a compact package to operate in 400G and beyond pluggable modules that demand reduced size and power consumption.
  • 64 Gbaud Micro-ICR: NeoPhotonics Class 40 High Bandwidth Micro-Intradyne Coherent Receiver is in volume production and is designed for 64 Gbaud symbol rates, doubling the RF bandwidth of standard 100G ICRs. The 64 Gbaud Micro-ICR supports higher order modulation such as 64 QAM.
  • Low Profile Micro-TL: NeoPhotonics ultra-narrow linewidth external cavity tunable laser has been proven in volume production and is now configured in a smaller, lower profile package, which is designed to meet the stringent requirements for packaging density in pluggable modules, including at 400G and 600G data rates. The external cavity laser has a significantly narrower linewidth, which is advantageous for higher order modulation formats.

NeoPhotonics presents data centre optoelectronics for CWDM4, CLR4, PSM-4 and PAM4

At this week's European Conference on Optical Communications (ECOC) in Gothenburg, Sweden, NeoPhotonics is presenting its portfolio of 100 Gbps to 400 Gbps optoelectronics for the data centre, including including CWDM4, CLR4, PSM-4 and PAM4.
The line-up includes NeoPhotonics'

  • High power 1310 nm lasers and laser arrays, which are qualified for use with low-cost, non-hermetic packages for 100G silicon photonics based QSFP28 modules.  
  • Low power consumption 28 GBaud externally modulated lasers (EML) with an integrated driver, which are designed for longer reach 4x25 NRZ 100G, 4x50 PAM4 200G, and 8x50 PAM4 400G data center applications.  
  • A 56 Gbaud EML with an integrated driver, which is designed for use in 4x100 PAM4 configurations for 400G data center application
  • A line of high power, uncooled 1310nm CW DFB lasers and laser arrays that are qualified to the Telcordia GR-468-CORE Issue 2 standard and which are designed for specific silicon-based high speed analog and digital electronic devices and related photonic components.
  • A new 28 GBaud EML for longer reaches that integrates a driver, which utilizes NeoPhotonics low power linear GaAs amplifier technology, with NeoPhotonics 28 GBaud EML at the chip-on-carrier, or CoC, level. This is designed for 100Gbps QSFP28 and CFP4 form factors and it fits into a four channel transmitter optical sub-assembly, or Quad TOSA, eliminating the need for a separate driver on the board. NeoPhotonics is also targetting PAM4 in 200 Gbps to 400 Gbps applications. The integrated linear driver of the new CMOS-drivable 28 GBaud EML enables a simple and direct connection to the PAM4/CDR IC.   

“Our laser components are key elements for optical modules used inside the datacenter suppling the light for short reach Silicon Photonics based 100G transceivers and the modulated light for longer reach PAM4 based 100G and 400G transceivers,” said Tim Jenks, Chairman and CEO of NeoPhotonics.  “While the laser architectures are different, both are designed by us, manufactured in our internal fabs and utlize our hybrid photonic integration technology for high performance and high reliability”.

Dr. Winston Way, NeoPhotonics CTO, Systems, is also presenting a paper at ECOC entitled “Applications of 64 Gbaud Optical Components and Modules”.

Tuesday, August 15, 2017

NeoPhotonics appoints new CFO

NeoPhotonics announced the appointment of Elizabeth “Beth” Eby as Senior Vice President and Chief Financial Officer, replacing Sandra Waechter, Interim Chief Financial Officer, effective immediately.

Beth Eby brings to NeoPhotonics more than 25 years of financial experience at Intel Corporation where she most recently held the position of Vice President of Finance and Group Chief Financial Officer for Intel’s Internet of Things Group. Prior to that she was Vice President of Finance and Group Controller for Corporate Financial Planning & Reporting where she was responsible for all financial, audit committee and SEC reporting. Over the course of her career Ms. Eby also held finance leadership roles related to cost and manufacturing, sales and product planning, including two multi-year assignments in Asia. Ms. Eby obtained a MBA degree from Carnegie Mellon Graduate School of Business and a B.S. in Applied Mathematics from University of Michigan.

http://www.neophotonics.com

Thursday, August 3, 2017

NeoPhotonics Posts Q2 Revenue of $73 Million

NeoPhotonics reported Q2 revenue of $73.2 million, up $1.5 million, or 2%, from the prior quarter, but down from $99 million for the same period last year. Gross margin was 22.9%, down from 25.8% in the prior quarter
Non-GAAP Gross margin was 23.9%, down from 26.3% in the prior quarter. The was a net loss of $9.3 million, an improvement from a net loss of $11.5 million in the prior quarter.

"We are pleased to report revenue of $73.2 million at the upper end of our previously-announced outlook range and representing sequential growth from the first quarter, including modest sequential growth in China despite an inventory overhang,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “While the near term outlook in China isn’t certain, we see positive indicators there for the longer-term and we see strong current demand in North America. We anticipate robust growth in the medium and long term driven by metro, data center interconnect, a normalized China market and the emergence of 400G and above,” concluded Mr. Jenks.

http://www.neophotonics.com

Monday, May 8, 2017

NeoPhotonics reports Q1 revenue of $71.69m, net loss of $11.52m

NeoPhotonics, a designer and manufacturer of optoelectronic solutions for the communications networks for telecom and data centres applications, announced financial results for its first quarter ended March 31, 2017, as follows:

1.         Revenue for the first quarter of 2017 of $71.69 million, down 34.7% versus $109.84 million in the fourth quarter and down 27.7% from $99.14 million in the first quarter of 2016.

2.         Gross income for the first quarter of $18.50 million, down 40.3% versus $31.03 million in the fourth quarter and down 40.5% from $31.12 million in the first quarter of 2016.

3.         R&D expenditure for the first quarter of $15.54 million, up 2.4% versus $15.17 million in the fourth quarter and up 20.0% from $12.95 million in the first quarter of 2016.

4.         SG&A expenditure for the first quarter of $16.36 million, up 30.0% versus $12.58 million in the fourth quarter and up 25.8% from $13.01 million in the first quarter of 2016.

5.         Total operating expenditure for the first quarter of $30.38 million, up 4.1% versus $29.19 million in the fourth quarter and up 15.0% from $26.42 million in the first quarter of 2016.

6.         On a GAAP basis, a net loss for the first quarter of $11.52, versus net income of $2.00 in the fourth quarter and net income of $2.31 million in the first quarter of 2016.

On a non-GAAP basis, a net loss for the first quarter of $10.74 million, versus net income of $6.29 million in the fourth quarter and net income of $6.95 million in the first quarter of 2016.

7.         Cash, cash equivalents and short-term investments as of March 31, 2017 of $87.75 million, compared with $101.51 million as at December 31, 2016.

Additional results and notes

For the first quarter of 2017, NeoPhotonics reported that sales of high speed products were $58.7 million (82% of the total), with network products and solutions representing $13.0 million (18% of total revenue). Revenue excluding low speed transceiver products for the quarter was $70.2 million.

On a geographic basis by shipment destination, in the first quarter Americas revenue was 17% of total sales, compared to 18% in the fourth quarter, China accounted for 54% of the total, compared to 65% in the prior quarter, Japan revenue was 5%, compared to 4% in the prior quarter, with rest of the world sales 24% of the total, compared to 13% in the prior quarter.

For the first quarter, NeoPhotonic's stated it had two 10%-or-greater customers, with Ciena representing approximately 14% of total revenue, flat with the fourth quarter, and Huawei Technologies and affiliate Hi-Silicon Technologies accounting for 41% of total revenue, compared to 53% in fourth quarter, or 50% of total revenue excluding low speed products for that period.

Outlook

For the first quarter ending June 30, 2017, NeoPhotonics expects revenue of between $68 and $74 million, representing a sequential decline of 1.0% at the midpoint.

CEO comment

Regarding the results, Tim Jenks, chairman and CEO of NeoPhotonics, said, "As expected, softness in the overall China market affected sales in the first quarter… I see the China market as being in a transition as it moves from primarily national backbone to provincial and metro 100 Gbit/s deployments, while worldwide the metro and data centre interconnect markets continue to grow at a rapid pace".

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