GigOptix (NYSE: GIG) reported Q4 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $9 million versus the consensus estimate of $8.7 million.

GigOptix sees Q1 2015 revenue of $8.5-8.7 million, versus the consensus of $8.25 million.

"For the last two years, we executed on several initiatives to redefine our business and enhance efficiencies in all our product offerings while continuing to invest heavily in innovation. Through our product development efforts, and swift commercialization, we substantiated our strong position in all markets of our activities, especially in the fast-growing 40Gbps and 100Gbps High-Speed Communications market. For example, our datacom product shipments in fiscal 2014 grew nearly 80 percent from the prior year. In addition, our total product revenue in 2014 increased 20 percent annually from 2013,” said Dr. Katz. “We also maintained our dominant position in sales of coherent 100Gbps telecom products, while continuously extending our product offerings to cover all required terrestrial Long-Haul and Metro limiting and linear products. These products are also extendable for use in the upcoming 400Gbps generation that customers are currently sampling. Also, in the RF market, we nearly doubled our annual revenue in the emerging high-speed point-to-point backhaul E-band market in fiscal 2014, and launched our development toward the next generation of V-Band products. In summary, I also want to highlight the consistent and highly profitable nature of our Industrial ASIC product line, which delivered annual revenue growth of 18 percent over 2013.

“We view 2014 as a real inflection point in the Company’s history. We have fully integrated and consolidated all the technologies and assets we acquired since the Company’s inception, structured the Company in an efficient manner, and experienced a meaningful improvement in our financial and business performance. We are confident about our ability to continue these positive trends and enhance shareholder value through 2015 and the years to follow,” said Dr. Katz.

For earnings history and earnings-related data on GigOptix (GIG) click here.