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As of 5:20 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

oclaro inc (OCLR) Key Developments

Oclaro, Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-27-2014

Oclaro, Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-27-2014 . Venue: The Ritz Carlton Hotel, 120 East Delaware, Chicago, IL 60611, United States.

Oclaro, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 28, 2014; Provides Earnings Guidance for the First Quarter Ending September 27, 2014 and for the Remainder of Fiscal 2015; Reports Impairment of Goodwill for the Fourth Quarter Ended June 28, 2014

Oclaro, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended June 28, 2014. For the quarter, the company reported revenues of $95.911 million against $95.384 million, a year ago. Operating loss was $23.023 million against $42.327 million, a year ago. Loss before income taxes was $23.116 million against $45.895 million, a year ago. Loss from continuing operations was $11.280 million $0.11 per share compared to $43.621 million $0.48 per share a year ago. Net loss was $24.029 million or $0.23 per basic and diluted share against $47.376 million or $0.52 per basic and diluted share. Non-GAAP net loss from continuing operations was $2.951 million or $0.03 per basic and diluted share against $27.275 million or $0.30 per basic and diluted share a year ago. Adjusted LBITDA was $9,360 million against $22.131 million, a year ago. Non-GAAP operating loss was $14.339 million compared to $28.902 million a year ago. CapEx was around $3 million. For the year, the company reported revenues of $390.871 million compared to $404.629 million a year ago. Operating loss was $102.331 million compared to $124.795 million a year ago. Loss before income taxes was $111.490 million compared to $120.269 million a year ago. Loss from continuing operations was $102.125 million or $1.03 per share compared to $120.295 million $1.37 per share a year ago. Net income was $17.819 million or $0.18 per basic and diluted share million compared to net loss of $122.745 million or $1.40 per basic and diluted share a year ago. Non-GAAP net loss from continuing operations was $75.244 million or $0.76 per basic and diluted share compared to $123.394 million or $1.41 per basic and diluted share a year ago. Adjusted LBITDA was $51.53 million compared with $89.89 million a year ago. Non-GAAP operating loss was $74.7 million compared with $119.9 million in fiscal 2013. For the first quarter ending September 27, 2014, the company expected revenues in the range of $83 million to $91 million, non-GAAP gross margin in the range of 12% to 16% and adjusted LBITDA in the range of $13 million to $9 million. Guidance includes full quarter of the company's industrial and consumer business. The company expects the balance of the $4 million to $9 million to be spread out over the remainder of fiscal 2015. The CapEx and cap lease needs are approximately $5 million per quarter and adjusted EBITDA losses until it will achieve breakeven. The company reported impairment of impairment of goodwill, other intangible assets, and long-lived assets for the fourth quarter ended June 28, 2014. For the quarter, impairment of goodwill and intangible assets was $584,000.

Oclaro, Inc., Q4 2014 Earnings Call, Aug 13, 2014

Oclaro, Inc., Q4 2014 Earnings Call, Aug 13, 2014

Oclaro, Inc. to Report Q4, 2014 Results on Aug 13, 2014

Oclaro, Inc. announced that they will report Q4, 2014 results on Aug 13, 2014

Oclaro, Inc. Appoints Dr. Adam Carter as Chief Commercial Officer

On July 21, 2014, Dr. Adam Carter joined Oclaro, Inc. as its Chief Commercial Officer. Prior to joining the Company, Dr. Carter, 50, served from February 2008 to July 2014 as the Senior Director and General Manager of the Transceiver Module Group of Cisco Systems, Inc.

 

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