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NeoPhotonics Corp (NPTN.N)

NPTN.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

NeoPhotonics reduces workforce, consolidates real estate facilities- SEC filing
Thursday, 5 Oct 2017 06:23am EDT 

Oct 5 (Reuters) - NeoPhotonics Corp : :NeoPhotonics Corp says on September 29, 2017, management of company implemented certain restructuring actions - SEC filing.NeoPhotonics Corp - restructuring actions are expected to be completed by end of q4 of 2017.NeoPhotonics Corp - under restructuring actions, co estimates it will incur aggregate restructuring charges of approximately $4.6 million in Q3 of 2017.NeoPhotonics - ‍restructuring actions include reduction in force, consolidation of certain real estate facilities.NeoPhotonics Corp - revenue is expected to be in range of $69 to $71 million for Q3 of 2017.NeoPhotonics Corp - in the quarter "co's workforce reduction costs may be greater than anticipated".NeoPhotonics Corp - GAAP loss per share of $0.50 to $0.40 is expected for Q3 of 2017.NeoPhotonics - excluding restructuring charges, other regularly excluded items, co sees non-gaap loss per share in range of $0.35 to $0.27 for q3 2017.NeoPhotonics - in quarter, workforce reduction&future workforce&expense reductions may have adverse impact on co's development activities & operations.Q3 earnings per share view $-0.12, revenue view $73.5 million -- Thomson Reuters I/B/E/S.  Full Article

Neophotonics enters thirteenth amendment to credit agreement
Thursday, 7 Sep 2017 06:21am EDT 

Sept 7 (Reuters) - Neophotonics Corp :Neophotonics Corp - On August 31, co entered thirteenth amendment to credit agreement effective as of August 23, 2017 - SEC filing​.Neophotonics Corp - ‍amendment extended maturity date of revolving credit line under credit agreement to September 30, 2017​.  Full Article

NeoPhotonics appoints Elizabeth Eby as CFO
Tuesday, 15 Aug 2017 04:07pm EDT 

Aug 15 (Reuters) - NeoPhotonics Corp :NeoPhotonics appoints Elizabeth Eby as chief financial officer.NeoPhotonics Corp - ‍Elizabeth is replacing Sandra Waechter, interim chief financial officer, effective immediately​.  Full Article

Neophotonics Q2 loss per share $0.22
Thursday, 3 Aug 2017 04:08pm EDT 

Aug 3 (Reuters) - Neophotonics Corp :Neophotonics reports second quarter 2017 financial results.Q2 non-GAAP loss per share $0.15.Q2 loss per share $0.22.Q2 revenue $73.2 million versus I/B/E/S view $71.1 million.Q2 earnings per share view $-0.22 -- Thomson Reuters I/B/E/S.Neophotonics Corp - ‍ outlook for quarter ending September 30, 2017 gaap revenue of $70 million to $76 million​.Neophotonics Corp sees ‍ for quarter ending September 30, 2017 GAAP earnings per share $0.21 to $0.11 net loss​.Neophotonics Corp sees ‍ for quarter ending september 30, 2017 non-GAAP earnings per share $0.17 to $0.07 net loss​.Q3 earnings per share view $-0.08, revenue view $81.2 million -- Thomson Reuters I/B/E/S.  Full Article

Neophotonics enters into twelfth amendment to credit agreement
Thursday, 6 Jul 2017 06:35am EDT 

July 6 (Reuters) - Neophotonics Corp ::Neophotonics -on June 29,entered into twelfth amendment to credit agreement to that certain revolving credit, term loan agreement dated March 21,2013​.Neophotonics Corp - ‍amendment modified maturity date of revolving credit line under credit agreement to August 31, 2017 .Neophotonics Corp - ‍amendment provided that aggregate principal indebtedness owing to Comerica Bank shall not at any time exceed $20 million.  Full Article

Neophotonics says Sandra Waechter appointed interim CFO
Tuesday, 16 May 2017 05:36pm EDT 

May 16 (Reuters) - Neophotonics Corp ::Says Sandra A. Waechter appointed interim CFO.Neophotonics Corp - Waechter will serve as interim CFO until such time as company completes its on-going search for a new chief financial officer.Neophotonics Corp - company has retained a search firm and has begun process of identifying qualified candidates for CFO - SEC filing.  Full Article

Neophotonics reports Q1 loss per share $0.27
Friday, 5 May 2017 06:00am EDT 

May 5 (Reuters) - Neophotonics Corp : :Neophotonics reports first quarter 2017 financial results.Q1 non-GAAP loss per share $0.25.Q1 loss per share $0.27.Q1 revenue $71.7 million versus I/B/E/S view $70 million.Q1 earnings per share view $-0.22 -- Thomson Reuters I/B/E/S.Sees Q2 non-GAAP loss per share $0.19 to $0.26.Q2 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Sees Q2 revenue $68 million to $74 million.Neophotonics - implementing cost saving measures in light of sale of low speed transceiver product assets, due to current lower market outlook from China.Cost saving measures totaling $6 million to $9 million in annualized operating costs.Expects full quarterly impact of its cost reduction actions to be realized by Q3 of this year.Company currently expects to record a pretax charge of a range of approximately $0.7 to $1.0 million for severance costs in Q2.Q2 revenue view $80.1 million -- Thomson Reuters I/B/E/S.  Full Article

NeoPhotonics announces CFO departure
Thursday, 6 Apr 2017 04:40pm EDT 

NeoPhotonics Corp - : NeoPhotonics announces CFO departure . Says CFO Ray Wallin resigned . Company has retained an executive search firm to identify a successor CFO .Ray Wallin will remain as a consultant to company for a three-month transition period.  Full Article

NeoPhotonics Q4 non-gaap earnings per share $0.13
Tuesday, 14 Mar 2017 04:06pm EDT 

NeoPhotonics Corp : Neophotonics reports record fourth quarter and fiscal year 2016 financial results . Q4 non-gaap earnings per share $0.13 . Q4 earnings per share $0.04 . Q4 revenue $109.8 million versus i/b/e/s view $106.9 million . Q4 earnings per share view $0.08 -- Thomson Reuters I/B/E/S . Neophotonics corp says completed sale of low speed transceiver product assets . Neophotonics corp sees q1 revenue $67 to $73 million . Sees q1 gaap net loss share $0.16 to $0.26; sees q1 non-gaap net loss share $0.20 to $0.30 . Q1 earnings per share view $0.05, revenue view $98.0 million -- Thomson Reuters I/B/E/S .Sees q1 gaap gross margin 27% to 30%; sees q1 non-gaap gross margin of 28% to 31%.  Full Article

Neophotonics reports loss per share of $0.17
Thursday, 3 Nov 2016 04:05pm EDT 

Neophotonics Corp : Neophotonics Corp sees Q4 revenue $109 to $115 million . Neophotonics Corp sees Q4 GAAP earnings per share $0.02 to $0.10 . Neophotonics Corp sees Q4 non-GAAP $0.13 to $0.21 . Q4 earnings per share view $0.23, revenue view $117.0 million -- Thomson Reuters I/B/E/S . Neophotonics reports third quarter 2016 financial results . Q3 non-GAAP earnings per share $0.06 . Q3 loss per share $0.17 .Q3 earnings per share view $0.14 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-NeoPhotonics reduces workforce, consolidates real estate facilities- SEC filing

* NeoPhotonics Corp says on September 29, 2017, management of company implemented certain restructuring actions - SEC filing