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 and 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 Data and Metrics

NeoPhotonics Financial Metrics

NeoPhotonics's revenue was reported to be $411.4 m in FY, 2016 which is a 21% increase from the previous period.
USD

Revenue (FY, 2016)

411.4 m

Revenue growth (FY, 2015 - FY, 2016), %

21%

Gross profit (FY, 2016)

117.1 m

Gross profit margin (FY, 2016), %

28%

Net income (FY, 2016)

(205 k)

EBIT (FY, 2016)

3 m

Market capitalization (27-Jun-2017)

352 m

Closing share price (27-Jun-2017)

8.5

Cash (31-Dec-2016)

82.5 m

EV

280.4 m
NeoPhotonics's current market capitalization is $352 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

282.2 m306.2 m339.4 m411.4 m

Revenue growth, %

8%11%21%

Cost of goods sold

217.1 m235.1 m240.4 m294.3 m

Gross profit

65.2 m71.1 m99.1 m117.1 m

Gross profit Margin, %

23%23%29%28%

Sales and marketing expense

14.2 m13.7 m15.8 m18.6 m

R&D expense

45.9 m46 m44.5 m57.4 m

General and administrative expense

30 m31.6 m31.6 m34.4 m

Operating expense total

98.8 m90.3 m95.1 m114.1 m

EBIT

(33.7 m)(19.1 m)4 m3 m

EBIT margin, %

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

Interest expense

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

Interest income

348 k189 k121 k303 k

Pre tax profit

(33.1 m)(17.2 m)6.8 m3.4 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)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

57.1 m43 m76.1 m82.5 m

Inventories

64.9 m57.3 m65.6 m48.2 m

Current Assets

216.6 m199 m263.2 m270.8 m

PP&E

68.9 m57.7 m62.6 m106.9 m

Goodwill

1.1 m1.1 m

Total Assets

302.2 m286.3 m341.9 m390.9 m

Accounts Payable

48.6 m48.9 m50.6 m84.8 m

Total Debt

29.8 m23.3 m11.5 m11 m

Current Liabilities

92.3 m96.9 m112 m146.3 m

Additional Paid-in Capital

447.5 m456.2 m511.8 m532.4 m

Retained Earnings

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

Total Equity

211.7 m225.4 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
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

20.4 m23.4 m22.9 m22.4 m

Accounts Receivable

7.2 m(13.3 m)2.5 m2.5 m

Inventories

(10.5 m)5 m(14.9 m)(1.3 m)

Accounts Payable

7.7 m979 k(4.7 m)23.1 m

Cash From Operating Activities

4.5 m(451 k)33.1 m53.8 m

Cash From Investing Activities

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

Cash From Financing Activities

2.5 m3 m29.6 m3.5 m

Interest Paid

837 k1.2 m878 k263 k

Income Taxes Paid

1 m3.9 m264 k2.2 m
USDY, 2016

EV/EBIT

92.9 x

EV/CFO

5.2 x

Revenue/Employee

178.6 k

Financial Leverage

1.7 x

NeoPhotonics Market Value History

NeoPhotonics Online and Social Media Presence

NeoPhotonics Company Life and Culture

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