NeoPhotonics (NPTN) Misses Q4 EPS by 8c, Beats on Revenues; Offers 1Q18 EPS Mid-Point Outlook Below Consensus

Note: EPS may not be comparable

NeoPhotonics (NYSE: NPTN) reported Q4 EPS of ($0.27), $0.08 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $76.9 million versus the consensus estimate of $72.15 million.

Fourth Quarter Summary

• Revenue was $76.9 million, an 8% increase from the prior quarter
• Gross margin was 20.4%, compared to 14.8% in the prior quarter
• Non-GAAP Gross margin was 21.3%, compared to 18.6% in the prior quarter
• Net loss was $14.3 million, compared to a net loss of $18.2 million in the prior quarter
• Non-GAAP net loss was $11.7 million, compared to a net loss of $10.9 million in the prior quarter
• Diluted net loss per share was $0.32, in comparison to a net loss of $0.42 per share in the prior quarter
• Non-GAAP diluted net loss per share was $0.27, compared to a net loss of $0.25 in the prior quarter
• Adjusted EBITDA was negative $0.4 million, compared to negative $4.5 million in the prior quarter

GUIDANCE:

NeoPhotonics sees Q1 2018 EPS of ($0.32)-($0.22), versus the consensus of ($0.25).

For earnings history and earnings-related data on NeoPhotonics (NPTN) click here.

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