Last $3.37 USD
Change Today -0.05 / -1.46%
Volume 37.8K
NPTN On Other Exchanges
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As of 1:18 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

neophotonics corp (NPTN) Key Developments

NeoPhotonics Corporation(NYSE:NPTN) dropped from Russell 2000 Index

NeoPhotonics Corporation will be removed from the Russell 2000 Index.

NeoPhotonics Corporation(NYSE:NPTN) dropped from Russell 3000 Index

NeoPhotonics Corporation will be removed from the Russell 3000 Index.

NeoPhotonics Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter Ending June 30, 2014; Provides Capital Expenditure Guidance for the Full Year of 2014

NeoPhotonics Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of $68,168,000 compared to $56,063,000 a year ago. Loss from operations was $11,033,000 compared to $11,751,000 a year ago. Loss before income taxes was $11,826,000 compared to $12,057,000 a year ago. Net loss was $12,588,000 or $0.40 per basic and diluted share compared to $12,240,000 or $0.40 per basic and diluted share a year ago. Non-GAAP net loss was $9,506,000 or $0.30 basic and diluted share against $5,256,000 or $0.17 basic and diluted share a year ago. Adjusted LBITDA was $4,218,000 compared to $1,836,000 a year ago. Capital expenditures totaled $2.1 million in the first quarter, down from $5.2 million sequentially, due to the completion of capital expenditure programs initiated in the fourth quarter of 2013. Total debt at March 31, 2014, was $40.8 million, a decrease of approximately $3.5 million from the fourth quarter of 2013. For the second quarter ending June 30, 2014, the company expects revenue in the range of $73 million to $78 million, non-GAAP gross margin in the range of 20% to 25% and diluted loss per share in the range of $0.13 to $0.23, and on a non-GAAP basis in the range of a loss of $0.16 to $0.26 per share. The Non-GAAP outlook for the second quarter of 2014 excludes approximately $2.9 million of estimated combined expenses related to the expected amortization of intangibles and anticipated impact of stock-based compensation, plus $3.8 million income related to settlement with Santur. Of these expenses, $1.2 million is estimated to relate to cost of goods sold. The company provided capital expenditure guidance for the full year of 2014. On an annual basis, CapEx is expected to be in the range of $12 million to $15 million.

NeoPhotonics Corporation to Report Q1, 2014 Results on Jun 17, 2014

NeoPhotonics Corporation announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on Jun 17, 2014

NeoPhotonics Corporation, Q1 2014 Earnings Call, Jun 17, 2014

NeoPhotonics Corporation, Q1 2014 Earnings Call, Jun 17, 2014

 

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Price/Book 0.7x
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TEV/Sales 0.0x
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