NeoPhotonics

NeoPhotonics is a leading provider of photonic integrated circuit-based modules, components and subsystems for use in optical communications networks. Our products, and those produced by our customers, are used by telecommunications and cable service providers to deploy advanced networks for video, voice and other data services at high data transmission rates and low costs. Our photonic integrated circuits (PICs) combine hundreds of photonic devices on one silicon substrate, thereby dramatically reducing cost and size and increasing reliability and power efficiency. We design and manufacture PICs using our planar lightwave technology and our micro-electrical-mechanical device (MEMS) technology, along with our nanoscale design, materials, fabrication and metrology. The NeoPhotonics™ PIC technology is a key enabler for meeting today's optical communications market demands. Just as electronic integrated circuits displaced discrete electronic devices, dramatically reducing costs while increasing reliability, thus enabling the electronics revolution of recent decades, an analogous advance in photonics is gathering momentum using photonic integrated circuits. This photonics technology transformation similarly allows dramatic increases in functionality within component-level products.
Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
1997
Size (employees)
2,304 (est)
NeoPhotonics was founded in 1997 and is headquartered in San Jose, US

Key People at NeoPhotonics

Tim Jenks

Tim Jenks

President, Chief Executive Officer, Director and Chairman of the Board
Charles J. Abbe

Charles J. Abbe

Director
Benjamin L. Sitler

Benjamin L. Sitler

Senior Vice President of Sales and Business Units
Ian Gray

Ian Gray

Vice President of Human Resources
G. Ferris Lipscomb

G. Ferris Lipscomb

Vice President of Marketing
Raymond Cheung

Raymond Cheung

Senior Vice President & Chief Operating Officer

NeoPhotonics Office Locations

NeoPhotonics has offices in San Jose, Shenzhen, Hachioji, Moscow
San Jose, US (HQ)
2911 Zanker Rd
Moscow, RU
Shodnenskaya str., 56
Hachioji, JP
550-10 Higashiasakawa-machi
Shenzhen, CN
No.8, 12th South Keji Rd., South Hi-Tech Industry Park Shenzhen

NeoPhotonics Metrics

NeoPhotonics Financial Metrics

Revenue (2016)

$411.4 m

Revenue growth (2015-16), %

21%

Gross profit

$117.1 m

Gross profit margin (2016), %

28%

Net income (2016)

($205 k)

Market capitalization (21-Mar-2017)

$381.8 m

Closing share price (21-Mar-2017)

$9

Cash (31-Dec-2016)

$82.5 m
NeoPhotonics's current market capitalization is $381.8 m.
NeoPhotonics's revenue was reported to be $411.4 m in FY, 2016 which is a 21.2% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$282.2 m$306.2 m$339.4 m$411.4 m

Revenue growth, %

8%11%21%

Cost of goods sold

$217.1 m$235.1 m$240.4 m$294.3 m

Gross profit

$65.2 m$71.1 m$99.1 m$117.1 m

Gross profit Margin, %

23%23%29%28%

Sales and marketing expense

$14.2 m$13.7 m$15.8 m$18.6 m

R&D expense

$45.9 m$46 m$44.5 m$57.4 m

General and administrative expense

$30 m$31.6 m$31.6 m$34.4 m

Operating expense total

$98.8 m$90.3 m$95.1 m$114.1 m

EBIT

($33.7 m)($19.1 m)$4 m$3 m

EBIT margin, %

(12%)(6%)1%1%

Interest expense

($996 k)($1.3 m)($1.2 m)($402 k)

Interest income

$348 k$189 k$121 k$303 k

Pre tax profit

($33.1 m)($17.2 m)$6.8 m$3.4 m

Income tax expense

($1.2 m)($2.5 m)($3.1 m)($3.6 m)

Net Income

($34.3 m)($19.7 m)$3.7 m($205 k)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$57.1 m$43 m$76.1 m$82.5 m

Inventories

$5.1 m$5.1 m$8.2 m

Current Assets

$216.6 m$199 m$263.2 m$270.8 m

PP&E

$68.9 m$57.7 m$62.6 m$106.9 m

Goodwill

$1.1 m$1.1 m

Total Assets

$302.2 m$286.3 m$341.9 m$390.9 m

Accounts Payable

$8.9 m$17.1 m$17.1 m$19.5 m

Total Debt

$29.8 m$23.3 m$11.5 m$11 m

Current Liabilities

$92.3 m$96.9 m$112 m$146.3 m

Additional Paid-in Capital

$447.5 m$456.2 m$511.8 m$532.4 m

Retained Earnings

($282.4 m)($302.1 m)($298.5 m)($298.7 m)

Total Equity

$211.7 m$225.4 m

Debt to Equity Ratio

0.1 x0 x

Debt to Assets Ratio

0.1 x0.1 x0 x0 x

Financial Leverage

1.6 x1.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

($34.3 m)($19.7 m)$3.7 m($205 k)

Depreciation and Amortization

$20.4 m$23.4 m$22.9 m$22.4 m

Accounts Receivable

($12.2 m)$6.3 m

Inventories

($6.9 m)$1.6 m

Accounts Payable

$4.7 m($297 k)$1 m

Cash From Operating Activities

$4.5 m($451 k)$33.1 m$53.8 m

Cash From Investing Activities

$13.3 m($13.9 m)($21.9 m)($49.5 m)

Cash From Financing Activities

$2.5 m$3 m$29.6 m$3.5 m

Interest Paid

$837 k$1.2 m$878 k$263 k

Income Taxes Paid

$1 m$3.9 m$264 k$2.2 m

NeoPhotonics Market Value History

NeoPhotonics Online Presence

NeoPhotonics Company Life

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