NeoPhotonics Q3 revenue down YoY

NeoPhotonics Corporation (NYSE: NPTN), a designer and manufacturer of optoelectronic solutions for the highest speed communications networks in telecom and datacenter applications, has announced financial results for its third quarter ended September 30, 2017, the company said.

Revenue was USD 71.1 million, in comparison to USD 73.2 million in the prior quarter; gross margin was 14.8%, compared to 22.9% in the prior quarter.

Non-GAAP gross margin was 18.6%, compared to 23.9% in the prior quarter, and net loss was USD 18.2 million, compared to a net loss of USD 9.3 million in the prior quarter.

As of September 30, 2017, cash and cash equivalents, short-term investments and restricted cash, together totaled USD 73.7 million, compared to USD 79.0 million at June 30, 2017. Restricted cash as of September 30, 2017 was USD 2.9 million, down from USD 3.3 million at June 30, 2017.

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.