NeoPhotonics Announces Preliminary Revenue Estimate Exceeding Projections for the Second Quarter of 2012
Quarterly Revenue Expected Up More Than 20% From Second Quarter 2011
SAN JOSE, Calif.--(BUSINESS WIRE)--Jul. 9, 2012--
NeoPhotonics Corporation (NYSE: NPTN), a leading designer and
manufacturer of photonic integrated circuit, or PIC, based modules and
subsystems for bandwidth-intensive, high speed communications networks,
today announced that, based on preliminary financial estimates, the
company expects revenue for its second quarter ended June 30, 2012, to
be above its previously stated revenue outlook of $55.0 to $61.0
million. The revenue estimate is preliminary and subject to adjustment;
however, in the absence of material adjustment, second quarter revenue
would set a new revenue record for NeoPhotonics.
The acceleration of revenue growth in the second quarter was driven
primarily by increased demand in a range of products for high speed
coherent networks, high speed client applications and access networks.
NeoPhotonics plans to discuss its financial results in a regularly
scheduled conference call in early August. Details relating to the call
will be published in a future release. The public will be invited to
listen to a live webcast of the conference call by visiting the Investor
Relations section of the company website at http://ir.neophotonics.com/.
NeoPhotonics is a leading designer and manufacturer of photonic
integrated circuit, or PIC, based modules and subsystems for
bandwidth-intensive, high-speed communications networks. The company’s
products enable cost-effective, high-speed data transmission and
efficient allocation of bandwidth over communications networks.
NeoPhotonics maintains headquarters in San Jose, California and ISO
9001:2000 certified engineering and manufacturing facilities in Silicon
Valley (USA) and Shenzhen, China. NeoPhotonics has been included in the
Russell 3000® Index since its reconstitution in June 2011.
For additional information, visit www.neophotonics.com.
The NeoPhotonics preliminary revenue estimate for the second quarter of
2012 in this press release is a forward-looking statement based upon
management’s current expectations and is inherently uncertain. The
preliminary revenue estimate is subject to the completion of the
company’s customary quarterly closing and review procedures. Actual
results could differ materially from the current estimate based on
adjustments made during the company’s quarterly closing and review
procedures. The reader is cautioned not to unduly rely on the
preliminary revenue estimate for the second quarter of 2012. The
preliminary revenue estimate is based on information available to
NeoPhotonics as of the date hereof and is qualified in its entirety by
this cautionary statement, and NeoPhotonics assumes no obligation to
revise or update the preliminary revenue estimate.