Originally published at www.seclive.com
Filing in Focus: NeoPhotonics 10-Q, April 9, 2014
NeoPhotonics Corporation (NYSE:NPTN) announced its financial results for the third fiscal quarter of 2013, reporting a rise in revenues. The photonic integrated circuits designer and manufacturer also announced it will file amended form 10-Q reports for the first two quarters of the year. Revenue improved 16% from the year-ago quarter to $76.8M with gross margin increasing from 20.8% to 23.7%. The company posted a net loss of $9.4M, a swing from the $0.7M profit a year ago. Chairman, President, and CEO Tim Jenks commented that the company is pleased with the increased demand of its 100G solutions as metro and data centers are beginning to shift to 100G.
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