NeoPhotonics reports Q1 2018 financial results

NeoPhotonics Corporation (NYSE: NPTN), a designer and manufacturer of optoelectronic solutions for the highest speed communications networks in telecom and data center applications, has announced financial results for its first quarter year ended March 31, 2018, the company said.

Revenue was USD 68.6 million, down 4% year-over-year and 11% quarter-over-quarter.

Gross margin was 13.4%, compared to 20.4% in the prior quarter; Non-GAAP Gross margin was 14.7%, compared to 21.3% in the prior quarter.

Net loss was USD 18.2 million, compared to a net loss of USD 14.3 million in the prior quarter; Non-GAAP net loss was USD 14.6 million, compared to a net loss of USD 11.7 million in the prior quarter.

NeoPhotonics is a designer and manufacturer of optoelectronic solutions for the highest speed communications networks in telecom and datacenter applications. The company´s products enable cost-effective, high-speed data transmission and efficient allocation of bandwidth over communications networks. NeoPhotonics maintains headquarters in San Jose, California and ISO 9001:2000 certified engineering and manufacturing facilities in Silicon Valley (USA), Japan and China. For additional information visit www.neophotonics.com.