NeoPhotonics reports Q2 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 second quarter ended June 30, 2018, the company said.

For the quarter, revenue was USD 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;

Non-GAAP Gross margin was 20.1%, compared to 14.7% in the prior quarter;

Net loss was USD 10.5 million, compared to a net loss of USD 18.2 million in the prior quarter;

Non-GAAP net loss was USD 6.3 million, compared to a net loss of USD 14.6 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.