neophotonics corp (NPTN) Key Developments
NeoPhotonics Seeks Acquisitions
Dec 19 14
NeoPhotonics Corporation (NYSE:NPTN) has filed a follow-on equity offering. NeoPhotonics said, "We intend to use our net proceeds from this offering for working capital, to continue to expand our existing business and general corporate purposes. We also may use a portion of our net proceeds from this offering to acquire other complementary businesses, products, services or technologies, although we currently have no agreements or commitments relating to any material acquisitions. We may also use a portion of our net proceeds to repay a portion of our other outstanding indebtedness, but we currently have no commitments or specific plans to repay any particular indebtedness in advance of its maturity date."
NeoPhotonics Corporation Presents at 17th Annual Needham Growth Conference, Jan-14-2015 10:00 AM
Dec 3 14
NeoPhotonics Corporation Presents at 17th Annual Needham Growth Conference, Jan-14-2015 10:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.
Neophotonics Corporation Reports Unaudited Consolidated earnings Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014
Nov 10 14
NeoPhotonics Corporation reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported revenue of $81.576 million against $76.814 million a year ago. Loss from operations was $2.447 million against $8.516 million a year ago. Loss before income taxes was $1.035 million against $8.586 million a year ago. Net loss was $1.937 million against $9.363 million a year ago. Basic and diluted net loss per share was $0.06 against $0.30 a year ago. Non-GAAP net income was $1.418 million or $0.04 per basic and diluted share against non-GAAP net loss of $3.234 million or $0.10 per basic and diluted share a year ago. Adjusted EBITDA was $7.309 million against $1.923 million a year ago. Cash provided by operating activities was $8.9 million. Capital expenditures totaled $3.2 million, down from $3.8 million in the prior quarter.
The company provided earnings guidance for the fourth quarter of 2014. For the quarter, the company expects revenue in the range of $74 million to $80 million, gross margin in the range of 23% to 25%, non-GAAP gross margin in the range of 24% to 27%, diluted net loss per share in the range of $0.08 to $0.20 and non-GAAP diluted net loss per share in the range of $0.01 to $0.13. The company expects capital expenditures to be in the range of $1.5 million to $2.5 million per quarter over the next two quarters.
NeoPhotonics Corporation Presents at Needham Next-Gen Storage/Networking Conference, Nov-11-2014 04:30 PM
Nov 1 14
NeoPhotonics Corporation Presents at Needham Next-Gen Storage/Networking Conference, Nov-11-2014 04:30 PM. Venue: Le Parker Meridien Hotel, New York, New York, United States.
NeoPhotonics Corporation to Report Q3, 2014 Results on Nov 10, 2014
Oct 23 14
NeoPhotonics Corporation announced that they will report Q3, 2014 results at 4:30 PM, US Eastern Standard Time on Nov 10, 2014