EXFO Inc. reported unaudited consolidated earnings results for the second quarter and six months ended February 28, 2013. For the second quarter, sales were $62,576,000 against $66,917,000 in the same period a year ago. Earnings from operations were $452,000 against $4,109,000 in the same period a year ago. Earnings before income tax were $2,127,000 against $2,692,000 in the same period a year ago. Net earnings for the period was $39,000 or $0.00 per basic and diluted share against $954,000 or $0.02 per basic and diluted share in the same period a year ago. Cash flows from operating activities were $2,054,000 against $13,576,000 in the same period a year ago. Additions to capital assets were $2,504,000 against $6,691,000 in the same period a year ago. Adjusted EBITDA for the period was $4,435,000 compared to $7,826,000 a year ago. For the six months, sales were $122,397,000 against $133,305,000 in the same period a year ago. Loss from operations was $843,000 against earnings from operations of $6,537,000 in the same period a year ago. Earnings before income tax were $1,621,000 against $6,713,000 in the same period a year ago. Net loss for the period was $1,599,000 or $0.03 per basic and diluted share against net earnings of $3,841,000 or $0.06 per basic and diluted share in the same period a year ago. Cash flows used in operating activities were $2,724,000 against cash flow from operating activities of $20,120,000 in the same period a year ago. Additions to capital assets were $4,493,000 against $11,177,000 in the same period a year ago. The company forecasts sales between $64.0 million and $69.0 million for the third quarter of fiscal 2013, while IFRS net earnings are expected to range between $0.00 and $0.04 per diluted share. Net earnings include $0.03 per share in after-tax amortization of intangible assets and stock-based compensation costs.

EXFO Inc. announced the introduction of the IQS-2800 ITLA Tunable Laser Source, jointly developed with Coherent Solutions and exclusively available from EXFO. The recent bandwidth explosion is pushing next-generation transmission systems to new capacity limits requiring the use of complex high-order modulation formats like dual-polarization quadrature phase-shift keying (DPQPSK). Housed in the IQS-636 platform, the IQS-2800 is a modular test solution that provides researchers and engineers with a comprehensive way to design and test future ultra-high-capacity network architectures. The lasers are tunable over the C and L bands with a 10-pm resolution. EXFO's IQS-2800 ITLA Tunable Laser Source is a cost-effective and versatile solution for various applications, such as coherent/OFDM transmission and WDM network emulation. The IQS-2800 delivers the high power output, 100-kHz narrow linewidth and high resolution tunability required by demanding applications, including 100G and 400G coherent transmission. The IQS-2800 is available now.

EXFO Inc. announced that it will be attending OFC/NFOEC 2013, March 17-21, 2013, in Anaheim, California, in order to demonstrate its test solution for deploying, validating and troubleshooting networks up to 100G in the field. At this year's event, EXFO will unveil the industry's most compact 10M-to-100G testing solution for SONET, SDH, OTN and Ethernet services, setting a new benchmark in innovation. Designed for the portable FTB-500 platform, the FTB-88100NGE Power Blazer module will enable service providers and network operators to support all possible rates up to 100G, as well as a wide range of technologies, including legacy TDM and new packet-based services. With EXFO's new solution, the challenge of turning up client services up to 100G as well as ensuring that they adhere to service-level agreements becomes that much simpler. In a joint development effort with DiCon Fiberoptics, EXFO introduced the MXS-9100 MEMS MxN Matrix Optical Switch. By allowing M input fibers to be connected to N output fibers in a fully non-blocking manner, the MXS-9100 provides physical-layer connectivity and maximum signal fidelity, with stability and repeatability, while being protocol and bit-rate independent. This all-optical cross-connect technology provides the unique combination of low insertion loss, fast switching and high reliability that engineers require in lab and manufacturing environments. EXFO will also be providing the testing and compliance backbone for a 100G Metro DWDM transmission demonstration based on Menara Networks' OTN CFP module. The live demo will be conducted at Menara Networks' booth (1421) and will include EXFO's FTB-500 next-gen network testing platform, the compact 40G/100G FTB-85100G Packet Blazer multiservice testing module as well as the FTB-5240S/BP optical spectrum analyzer. Network operators and service providers will experience first-hand how this test environment enables a seamless transition into 100G deployment.