NeoPhotonics, which supplies hybrid photonic integrated optoelectronic modules and subsystems, reported Q1 2015 revenue of $81.4 million, up $13.2 million, or 19.4%, from the first quarter of 2014, and up $2.4 million, or 3.0%, from the prior quarter. Gross margin was 29.6%, up from 20.2% in the first quarter of 2014, and up from 28.7% in the prior quarter. Net income was $0.1 million, up from a loss of $12.6 million in the first quarter of 2014, and down from $1.6 million in the prior quarter.
“We are very pleased with our first quarter results that clearly demonstrate our leadership in 100G product solutions and strong execution toward our goal of delivering sustained profitability,” said Tim Jenks, NeoPhotonics Chairman and CEO. “We’ve delivered a third consecutive quarter of non-GAAP profitability and we’re particularly excited about the strengthening of our market position within the 100G market with our acquisition in January of the tunable laser products of EMCORE, which has enhanced our position as the market share leader for both 100G coherent receivers and 100G narrow line-width tunable lasers,” continued Mr. Jenks.
http://www.neophotonics.com
