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NeoPhotonics (NPTN) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 EPS Guidance Above Consensus

February 27, 2020 4:43 PM EST
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Price: $16.01 --0%

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NeoPhotonics (NYSE: NPTN) reported Q4 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $103.4 million versus the consensus estimate of $97.44 million.

Fourth Quarter Summary

  • Revenue was $103.4 million, up 12% quarter-over-quarter and 13% year-over-year
  • Gross margin was 30.2%, up from 28.4% in the prior quarter
  • Non-GAAP Gross margin was 30.9%, up from 29.0% in the prior quarter
  • Diluted net income per share was $0.04, compared to $0.05 per share in the prior quarter
  • Non-GAAP diluted net income per share was $0.10, compared to $0.11 in the prior quarter
  • Cash generated from operations was $16 million, up from $9 million in the prior quarter
  • Adjusted EBITDA was $12.5 million, down from $14.2 million in the prior quarter

“Our strong revenue and gross margin expansion throughout the year was a result of our leadership in high speed products, serving the largest players in the industry in DCI and the transition of Cloud and hyper-scale data center networks to coherent technologies,” said Tim Jenks, Chairman and CEO of NeoPhotonics.

GUIDANCE:

NeoPhotonics sees Q1 2020 EPS of $0.00-$0.10, versus the consensus of ($0.01).

  • This outlook includes approximately $10 million of estimated coronavirus-related impacts to Q1 revenue reflecting reduced production in the quarter and added supply chain risks.
  • The non-GAAP outlook for the first quarter of 2020 excludes the expected impact of stock-based compensation expense of approximately $3.3 million, of which $0.6 million is estimated for cost of goods sold, and the impact of expected amortization of intangibles of approximately $0.2 million.

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



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