Acacia Communications Reports Fourth Quarter and Full Year 2017 Results
ACACIA COMMUNICATIONS (ACIA)
Last acacia communications earnings: 2/18 04:01 pm
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Source: GlobeNewswire
MAYNARD, Mass., Feb. 22, 2018 (GLOBE NEWSWIRE) -- Acacia Communications, Inc. (NASDAQ:ACIA), a leading provider of high-speed coherent optical interconnect products, today reported financial results for its fourth quarter and full year ended December 31, 2017. “While we continue to face some headwinds in the market, our fourth quarter 2017 results were in-line with our expectations," said Raj Shanmugaraj, President and Chief Executive Officer of Acacia Communications. “Our team at Acacia continued to execute well on new product introductions and on our ongoing customer diversification efforts. We are pleased with our product roadmap and believe we are well positioned to take advantage of market opportunities as conditions improve.” “In the fourth quarter of 2017, we were able to increase our gross margins and cash balance on a quarter over quarter basis -- demonstrating the strength of our leveraged business model,” said John Gavin, Chief Financial Officer of Acacia Communicatio
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