NeoPhotonics

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.

Company Growth (employees)
Type
Public
HQ
San Jose, US
Founded
1997
Size (employees)
2,401 (est)+5%
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
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
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 $71.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

71.7 m

Gross profit (Q1, 2017)

18.5 m

Gross profit margin (Q1, 2017), %

26%

Net income (Q1, 2017)

(11.5 m)

EBIT (Q1, 2017)

(11.9 m)

Market capitalization (17-Aug-2017)

245.5 m

Cash (31-Mar-2017)

81.7 m
NeoPhotonics's current market capitalization is $245.5 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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

77.5 m81.6 m81.4 m85.4 m83.6 m99.1 m99.1 m103.3 m71.7 m

Cost of goods sold

62.9 m61.5 m57.3 m59.2 m59.8 m68 m71.6 m75.9 m53.2 m

Gross profit

14.6 m20.1 m24.1 m26.1 m23.8 m31.1 m27.5 m27.4 m18.5 m

Gross profit Margin, %

19%25%30%31%28%31%28%27%26%

Sales and marketing expense

3.6 m3.1 m3.7 m3.9 m3.8 m3.9 m3.8 m5.9 m4.9 m

R&D expense

12.1 m11.8 m10.5 m11.5 m10.8 m13 m11.8 m17.5 m15.5 m

General and administrative expense

8.2 m6.7 m8.2 m7.4 m7.4 m9.1 m7.8 m9.8 m11.4 m

Operating expense total

23.8 m21.6 m22.4 m22.8 m21.9 m26 m23.4 m33.2 m31.9 m

EBIT

(5.8 m)(2.4 m)1 m2.7 m823 k4.7 m2.9 m(6.4 m)(11.9 m)

EBIT margin, %

(7%)(3%)1%3%1%5%3%(6%)(17%)

Interest expense

(311 k)(375 k)(506 k)(456 k)(171 k)(102 k)(99 k)(103 k)(137 k)

Interest income

38 k52 k30 k23 k31 k55 k77 k95 k73 k

Pre tax profit

(6.7 m)(1 m)514 k2.9 m2.5 m3.4 m3.3 m(6.4 m)(11.7 m)

Income tax expense

(902 k)(414 k)(1.1 m)(1.2 m)(1 m)(626 k)(804 k)167 k

Net Income

(6.8 m)(1.9 m)100 k1.8 m1.4 m2.3 m5 m(2.2 m)(11.5 m)
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

Total Liabilities

165.5 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

28 m35.3 m62 m92.1 m77.3 m62.7 m82.5 m71.6 m81.7 m

Inventories

64 m58.8 m64.7 m69.7 m70.7 m62.5 m61.5 m60.2 m69.2 m

Current Assets

197.5 m197.5 m238.9 m265.5 m262.9 m268.5 m275.3 m273.7 m258.3 m

PP&E

66 m62.4 m61.9 m61.8 m62.5 m66.1 m76.6 m95.8 m122.2 m

Goodwill

1.1 m1.1 m1.1 m1.1 m1.1 m1.1 m1.1 m

Total Assets

292.4 m285.7 m317.9 m343 m341.4 m349.3 m365.4 m384.6 m393.3 m

Accounts Payable

54.3 m52.4 m55.7 m55.6 m54.5 m55.1 m64.1 m76.3 m82.8 m

Current Liabilities

103.2 m102.3 m118.7 m110.2 m110.6 m109.9 m119.3 m136.9 m155.1 m

Additional Paid-in Capital

453.1 m454.1 m506.9 m508 m515.8 m520.2 m528.5 m535.3 m

Retained Earnings

(301.8 m)(303.7 m)(302 m)(300.3 m)(298.9 m)(296.2 m)(293.5 m)(300.7 m)(310.2 m)

Total Equity

212.6 m210.4 m220.1 m225.5 m226.5 m219.3 m

Financial Leverage

1.6 x1.6 x1.6 x1.6 x1.7 x1.8 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(6.8 m)(1.9 m)100 k1.8 m1.4 m2.3 m5 m(2.2 m)(11.5 m)

Depreciation and Amortization

5.5 m11.1 m16.9 m6.2 m

Accounts Receivable

(3.6 m)(3.3 m)(12.2 m)9.8 m

Inventories

64 m70.7 m3 m1.9 m4.5 m(19.3 m)

Accounts Payable

54.3 m52.4 m55.7 m55.6 m54.5 m3.2 m8.2 m12.6 m(3.9 m)

Cash From Operating Activities

5.2 m23.2 m26.7 m(18.7 m)

Cash From Investing Activities

(19.7 m)(19.7 m)(35.2 m)18.1 m

Cash From Financing Activities

919 k2.9 m3.5 m(806 k)
USDY, 2017

Revenue/Employee

30.5 k

Financial Leverage

1.8 x

NeoPhotonics Operating Metrics

FY, 2016

Patents Issued

650

    NeoPhotonics Market Value History

    NeoPhotonics Revenue Breakdown

    Traffic Overview of NeoPhotonics

    NeoPhotonics Online and Social Media Presence

    NeoPhotonics Company Life and Culture

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