Acacia Communications Reports First Quarter 2020 Results
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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ir.acacia-inc.com/investor-overview
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Source: GlobeNewswire
MAYNARD, Mass., May 04, 2020 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ: ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its first quarter ended March 31, 2020. Acacia Communications will not host a conference call to discuss its results for the first quarter of 2020 or provide forward guidance for the second quarter ending June 30, 2020, due to the previously announced proposed acquisition of Acacia Communications by Cisco Systems, Inc. Results for the First Quarter of 2020 Revenue of $125.6 millionGAAP gross margin of 47.2%; non-GAAP gross margin* of 47.4%GAAP income from operations of $12.8 million; non-GAAP income from operations* of $22.8 millionGAAP net income of $15.6 million; non-GAAP net income* of $23.3 millionEBITDA* of $15.4 million; adjusted EBITDA* of $25.4 millionGAAP diluted EPS of $0.36; non-GAAP diluted EPS* of $0.54 *Non-GAAP gross margin, non-GAAP income from operations, non-GAAP
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