NeoPhotonics is a provider of photonic integrated circuit-based modules, components and subsystems for use in optical communications networks. The Company's products and those produced by its 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. NeoPhotonics' 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.

The Company designs and manufactures PICs using its planar lightwave technology and our micro-electrical-mechanical device technology, along with its 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.

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Type
Public
HQ
San Jose, US
Founded
1997
Size (employees)
2,401 (est)
NeoPhotonics was founded in 1997 and is headquartered in San Jose, US
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Key People/Management at NeoPhotonics

Tim Jenks

Tim Jenks

President, Chief Executive Officer, Director and Chairman of the Board
Benjamin Sitler

Benjamin Sitler

Senior Vice President of Sales and Business Units
Ian Gray

Ian Gray

Vice President of Human Resources
Ferris Lipscomb

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
Shenzhen, CN
No.8, 12th South Keji Rd., South Hi-Tech Industry Park Shenzhen
Hachioji, JP
550-10 Higashiasakawa-machi
Moscow, RU
Shodnenskaya str., 56
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NeoPhotonics Financials and Metrics

NeoPhotonics Financials

NeoPhotonics's revenue was reported to be $292.89 m in FY, 2017
USD

Revenue (FY, 2017)

292.9 m

Gross profit (FY, 2017)

61.5 m

Gross profit margin (FY, 2017), %

21%

Net income (FY, 2017)

(53.3 m)

EBIT (FY, 2017)

(51.4 m)

Market capitalization (23-Apr-2018)

257.5 m

Cash (31-Dec-2017)

78.9 m

EV

225.2 m
NeoPhotonics's current market capitalization is $257.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

282.2 m306.2 m339.4 m411.4 m292.9 m

Revenue growth, %

8%11%21%

Cost of goods sold

217.1 m235.1 m240.4 m294.3 m231.4 m

Gross profit

65.2 m71.1 m99.1 m117.1 m61.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

76.8 m68.2 m77.5 m81.6 m81.4 m85.4 m83.6 m99.1 m99.1 m103.3 m71.7 m73.2 m

Cost of goods sold

58.6 m54.4 m62.9 m61.5 m57.3 m59.2 m59.8 m68 m71.6 m75.9 m53.2 m56.4 m

Gross profit

18.2 m13.8 m14.6 m20.1 m24.1 m26.1 m23.8 m31.1 m27.5 m27.4 m18.5 m16.8 m

Gross profit Margin, %

24%20%19%25%30%31%28%31%28%27%26%23%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

57.1 m43 m76.1 m82.5 m78.9 m

Accounts Receivable

67.2 m

Inventories

64.9 m57.3 m65.6 m48.2 m67.3 m

Current Assets

216.6 m199 m263.2 m270.8 m264.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

43.7 m53.1 m28 m35.3 m62 m92.1 m77.3 m62.7 m82.5 m71.6 m81.7 m73.7 m

Inventories

63.7 m67.9 m64 m58.8 m64.7 m69.7 m70.7 m62.5 m61.5 m60.2 m69.2 m81.3 m

Current Assets

223.4 m215.4 m197.5 m197.5 m238.9 m265.5 m262.9 m268.5 m275.3 m273.7 m258.3 m253.6 m

PP&E

70.8 m66.1 m66 m62.4 m61.9 m61.8 m62.5 m66.1 m76.6 m95.8 m122.2 m125.1 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(34.3 m)(19.7 m)3.7 m(205 k)(53.3 m)

Depreciation and Amortization

20.4 m23.4 m22.9 m22.4 m28.4 m

Inventories

(10.5 m)5 m(14.9 m)(1.3 m)(22.3 m)

Accounts Payable

7.7 m979 k(4.7 m)23.1 m(10.9 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(9.4 m)(12.6 m)(6.8 m)(1.9 m)100 k1.9 m3.3 m2.3 m5 m(2.2 m)(11.5 m)(20.9 m)

Depreciation and Amortization

12 m17.5 m5.5 m11.1 m16.9 m6.2 m13.3 m

Inventories

64 m(12.5 m)(13.4 m)3 m1.9 m4.5 m(19.3 m)(32.3 m)

Accounts Payable

54.3 m52.4 m55.7 m(2.3 m)(1.7 m)3.2 m8.2 m12.6 m(3.9 m)2.5 m
USDY, 2017

EV/EBIT

-4.4 x

EV/CFO

-6.9 x

Revenue/Employee

123.7 k

Financial Leverage

2.1 x
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NeoPhotonics Operating Metrics

FY, 2016

Patents Issued

650
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NeoPhotonics News and Updates

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