NeoPhotonics Reports First Quarter 2020 Financial Results
NeoPhotonics Corporation (NPTN)
Last neophotonics corporation earnings: 4/30 04:05 pm
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Source: Business Wire
Revenue of $97.4 million for the quarter, up 23% year-over-yearGross Margin was 30.5%, nearly 11 percentage points higher year-over-year SAN JOSE, Calif.--(BUSINESS WIRE)--NeoPhotonics Corporation (NYSE: NPTN), a leading designer and manufacturer of advanced hybrid photonic integrated circuit-based modules and subsystems for bandwidth-intensive, high speed communications networks, today announced financial results for its first quarter ended March 31, 2020.“We are pleased to deliver another profitable quarter, notably through our seasonally low first quarter, in spite of supply chain risks related to the pandemic,” said Tim Jenks, Chairman and CEO of NeoPhotonics. “As we look forward, the industry continues to move in our direction with higher and higher speed over distance requirements, which are satisfied by our ultra-narrow linewidth lasers, high baud rate coherent components and our Coherent pluggable DCO modules utilizing these leading optical components. Needless to say, we a
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