NeoPhotonics (NPTN) Tops Q4 EPS by 3c, Revenues Beat; Offers Q1 EPS Guidance Below Consensus

NeoPhotonics (NYSE: NPTN) reported Q4 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $91.1 million versus the consensus estimate of $90.9 million.

Fourth Quarter Summary

• Revenue was $91.1 million, up 11% quarter-over-quarter and 19% year-over-year
• Gross margin was 24.8%, up from 23.2% in the prior quarter
• Non-GAAP Gross margin was 28.6%, up from 24.0% in the prior quarter
• Diluted net loss per share was $0.15, an improvement from a net loss of $0.18 per share in the prior quarter
• Non-GAAP diluted net income per share was $0.05, an improvement from a net loss of $0.05 in the prior quarter
• Cash generated from operations was $10.6 million, down from $13.5 million in the prior quarter
• Adjusted EBITDA was $10.5 million, up from $6.2 million in the prior quarter

“NeoPhotonics delivered its highest revenue quarter in the past two years, with strong orders and shipments, non-GAAP profitable operations and positive cash flow,” said Tim Jenks, NeoPhotonics Chairman and CEO. “With continued strength in demand, combined with increasing volume growth across leading high speed product lines, we again achieved solid gross margin expansion,” concluded Mr. Jenks.

GUIDANCE:

NeoPhotonics sees Q1 2019 EPS of ($0.17)-($0.08), versus the consensus of ($0.07).

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

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